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NHYKF - Norsk Hydro Is A Killer Pick In An Energy Tight Environment
Norsk Hydro ASA
With Russia basically invading Ukraine, expect oil prices to rise.
With oil prices rising, all of energy is going to rise, and that's going to make aluminum producers suffer, but not Norsk Hydro which is vertically integrated with hydropower.
Still it trades only a little above 5x, so we rate it a buy, with great results also meaning a greater than 6% dividend yield payout.