STOHF - Equinor: Take Advantage Of The Natural Gas Crisis In Europe
- After Gazprom, Equinor is the second-largest supplier of natural gas to the European market.
- In the European Union, natural gas prices have tripled since the start of the year to $15.49 USD/MMBtu while in the UK they have quadrupled.
- Approximately 20% of Equinor's revenues come from natural gas sales.
- The company has announced on September 20th that it is increasing production from its Oseberg and Troll fields specifically to take advantage of the price increases in the European market.
- A savvy investor can either take an outright position in the stock or underwrite a put strategy that can yield almost 14% on an annualized basis for the April '22 contracts.
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Equinor: Take Advantage Of The Natural Gas Crisis In Europe