Company Performance: NGLB.BE's financial health, including revenue, profit, and debt levels, directly influences its stock price. Strong earnings reports typically boost investor confidence.

Market Sentiment: Overall investor attitude towards the stock market and the broader energy sector can impact NGLB.BE. Positive sentiment often leads to increased buying pressure.

Energy Prices: As an energy company, NGLB.BE's stock price is sensitive to fluctuations in oil and natural gas prices. Higher energy prices usually translate to higher profits.

Interest Rates: Changes in interest rates affect the attractiveness of stocks versus bonds. Higher rates can make bonds more appealing, potentially lowering demand for NGLB.BE stock.

Economic Conditions: The overall health of the economy impacts energy demand. A strong economy typically increases energy consumption, benefiting NGLB.BE.

Regulatory Environment: Government regulations related to energy production, environmental standards, and taxation can significantly affect NGLB.BE's operations and profitability.

Geopolitical Events: Political instability or conflicts in energy-producing regions can disrupt supply and drive up energy prices, influencing NGLB.BE's stock value.