NRT News and Press, North European Oil Royality Trust From 04/26/22

Russia cut off gas supply to Poland, according to Onet.pl, sending European gas prices up more than 15% at one point Tuesday. Poland's Climate Minister, Anna Moskwa, quickly responded indicating that natural gas storage in Poland is 76% full and that, "there will be no shortage of gas in Poli...

Seeking Alpha recently announced a “top stock for a high inflation environment” competition. North European Oil Royalty Trust is a solid candidate for this contest. This is because energy stocks tend to do well in inflationary environments. Moreover, NRT is one o...

The European Commission said Friday that EU companies may be able to comply with Russia's proposed gas payment system, without running afoul of sanctions against Moscow. Shortly following the war in Ukraine, President Putin issued a decree mandating that Russian gas exports to "unfriendly" na...

Morgan Stanley is the first bank to make an attempt at forecasting European natural gas balances without supplies of Russian fuel. The bank believes that a combination of demand destruction and increased LNG imports will be required to balance markets. Noting that prices for gas in Europe are...

The S&P 500 energy sector (NYSEARCA:XLE) jumped 3.2% for the week even as crude oil futures fell, as several countries joined the U.S. in releasing crude reserves. WTI crude for May delivery (CL1:COM) closed the week -1% at $98.26/bbl, a modest move in light of the commitment by member na...

We are initiating ACHV with a buy rating and a target price of USD 70. The company is developing a smoking cessation treatment, cytisinicline, with an estimated USD 200-300M peak sales (risk-adjusted). Cytisinicline has completed a phase 3 study, and the top-line data will be rele...

Disturbing reports from Ukraine over the weekend prompted EU leaders to address the prospect of further Russian sanctions, including energy sanctions. France's Macron called for a ban on Russian oil and coal imports. While Germany's defense minister said Sunday that the EU must discuss bannin...

Thursday Morning it was reported that Putin will require payment for Russian gas in rubles, and that gas exports will be halted if ruble payments are not made. The Russian President has reportedly signed the order and the new gas trading rules will become effective April 1st; special ruble ac...

Last week it was reported that Russia would demand payments for gas in rubles; Monday, Russian lawmaker Ivan Abramov said a refusal to pay for gas in rubles would lead to an unequivocal halt in supplies. The Russian central bank and Gazprom (OGZPYP) are scheduled to present proposals for rubl...

The Netherlands on Monday reduced output expectations for the Groningen natural gas field, stressing that "the Groningen field will only be an option of last resort." Production at the field operated by Exxon (NYSE:XOM) and Shell (NYSE:SHEL) peaked at ~88.0bcm/y, or ~18% of Europe's current n...