EQNR - Equinor the top stock to play European gas - Barron's
Equinor (NYSE:EQNR) is "one of the best-kept secrets in the oil and gas industry," Barron's says in its latest issue, noting that the company already is realizing a financial windfall from soaring European gas prices, and if the continent is serious about reducing its exposure to Russian gas in the coming years, the company should benefit. No Western energy company has greater exposure to European gas, providing ~20% of the continent's gas, but Andrew Bary of Barron's says Equinor also may be the greenest of all the major global energy companies, with a carbon footprint per barrel of oil and gas produced that is less than half the industry average. Equinor's base dividend is low relative to peers, but the company plans to increase it gradually in the coming years, and special dividends could become the norm, given its healthy balance sheet, Barron's says. The European Union has unveiled a
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Equinor the top stock to play European gas - Barron's