Statoil (STO), Shell (RDS.A, RDS.B) and Exxon (XOM) stand to benefit "on both realizations and...

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO), Shell (RDS.A, RDS.B) and Exxon (XOM) stand to benefit "on both realizations and volumes" thanks to record spot prices for natural gas in Europe, an event Wall Street hasn't dialed in on, Tudor Pickering analysts say. Cold weather and low inventories have pushed prices 23% higher Y/Y, and heating demand is up 17% Y/Y.