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EQNR - Equinor: Examining The Potential New Discovery And Bay Du Nord Prospects
Equinor ASA
On Friday, June 12, 2020, Norwegian oil and gas giant Equinor ASA (EQNR) downplayed a media report that it has discovered a new deposit of oil and gas in Canada's Flemish Pass Basin. The media report stated that one of the company's exploration wells discovered a commercially-exploitable source of resources. Equinor responded that it is too early for it to tell. There may certainly be some reasons to be optimistic here as the discovery of a new deposit of oil and gas would prove beneficial to Equinor's reserves and beneficial for its forward