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The Israel Antitrust Authority is to hold a hearing on whether Noble's (NBL) and Delek's (DK...

The Israel Antitrust Authority is to hold a hearing on whether Noble's (NBL) and Delek's (DK -1.8%) control of two massive offshore gas fields could be a "restrictive arrangement" that hinders competition, Reuters reports. If so, the firms could be forced to sell their shares in one of the two fields.
Comments (1)
  • optionsgirl
    , contributor
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    On one hand, the government is encouraging them to move faster, and here, with the other hand, they are prepared to take away the incentives. (I am long NBL and particularly like the stock because of the gas fields in Israel.) This seems short sighted, imo.
    5 Jan 2012, 11:43 AM Reply Like
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