Norway’s Equinor Is the Stock to Play European Gas | Barron's

2022-03-12 05:56:05 By : Mr. jack wang

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https://www.barrons.com/articles/natural-gas-prices-europe-equinor-stock-51647043484

Equinor is one of the best-kept secrets in the oil-and-gas industry.

The Norwegian state-controlled company is the second-largest provider of natural gas to Europe behind Gazprom (ticker: GAZP.Russia). Equinor has been realizing a financial windfall from an extraordinary surge in European gas prices, to roughly $40 for a thousand cubic feet—almost 10 times the American benchmark, and equivalent to an oil price of $240 a barrel.

Equinor is one of the best-kept secrets in the oil-and-gas industry.

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