PMBPF - Equinor: Centrica Deal Supports Overall Growth Strategy Company Appears Undervalued

• Equinor recently entered into a deal to purchase the Statfjord field stake owned by Spirit Energy.
• This will have only a relatively small impact on the company's growth going forward but the overall growth story remains intact.
• The global demand for energy is expected to grow going forward, which will allow Equinor to sell its incremental production.
• The company appears to be substantially undervalued at its current level relative to its peers.
• The company may be worth considering as an investment prospect.

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