BG Group plc (ADR)(OTCMKTS:BRGYY) was a notable decliner in yesterday’s trading session. The stock declined by close to 1 percent on the back of 8 times the daily average volumes. It is important to state that the stock was unable to breach the resistance above its 200 day moving average. The stock swiftly moved below all daily moving averages, which is a bearish signal. The relative strength index for the stock has given a sell signal indicative of the strong bearish momentum. Traders believe the stock could plunge to levels of $14.50 in the near term while continue to face resistance at levels of $15.75.
BG Group plc (ADR)(OTCMKTS:BRGYY) has been one of the only firms in Southwest Louisiana area that’s involved in different initiatives to enhance the level of technical education. One such project is The Lake Charles LNG project.
As per the reports, this project has made multiple investments over the past few years, enabling the company to provide long-term economic benefits to many local communities.
Road Ahead
In the series of different initiatives, the Lake Charles LNG project has announced a whopping $250,000 grant for SOWELA Technical Community College. With the help of this grant, new technical equipment can be bought, and different batches can be started. Such attempt will not only help students take world-class industry based qualification in industrial instrumentation and process technology, but also enable them to get good jobs.
The current partnership between Lake Charles LNG and SOWELA will give enough funds to college, thereby enabling it to establish different technical dual enrollment programs at as early as high school level.
According to SOWELA Chancellor, Dr. Neil Aspinwall, this initiative will expose students to such great fields at an early stage and prepare them to take on technical challenges effectively. Apart from the equipment, students will also get a chance to interact with industry professionals and learn from them the best ways to handle technical problems in the real life scenario.
In Aspinwall’s opinion, this is a wonderful example of how market leaders should look forward to contributing in social development and the creation of future skilled-workforce.
The senior management team of BG Group is delighted to make this announcement and indicates that the company will continue to take such initiatives in the future as well. According to Jason Klein, Asset General Manager, BG Group, education works as the foundation of a strong community. By this collaboration, BG Group looks forward to serving the society in the best possible way.
