Equinor to Benefit From Higher Gas Prices -- Market Talk

Dow Jones11-25 19:50

1150 GMT - Equinor is set to benefit from a period of higher natural gas prices, Barclays analysts write. European natural gas prices have risen 30% so far in November, driven by colder weather and lower wind power output, the bank says. Gas storage is being rapidly drawn down while supply is tight. Barclays notes that Equinor remains a key supplier of natural gas into Europe with the ability to add flexible volumes, and as such is sensitive to European natural gas prices. Reflecting this, and a more pragmatic approach from the company to low carbon investments, the bank upgrades its rating to overweight from equal weight. It maintains its 400 Norwegian kroner price target. Shares rise 0.8% higher to 274.70 kroner. (dominic.chopping@wsj.com)

(END) Dow Jones Newswires

November 25, 2024 06:50 ET (11:50 GMT)

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Reflecting this, and a more pragmatic approach from the company to low carbon investments, the bank upgrades its rating to overweight from equal weight. It maintains its 400 Norwegian kroner price target. Shares rise 0.8% higher to 274.70 kroner. 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European natural gas prices have risen 30% so far in November, driven by colder weather and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4201","symbol_name":"综合性石油与天然气企业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486009767","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486009767","pubTimestamp":1732535400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1150 GMT - Equinor is set to benefit from a period of higher natural gas prices, Barclays analysts write. 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