Equinor: A Bridge To The Renewable Energy Revolution

Jun. 02, 2022 6:00 PM ETEquinor ASA (EQNR)23 Comments

Summary

  • Equinor is well positioned to benefit from the hydrocarbon supply disruptions stemming from Russia's invasion of Ukraine.
  • With 2023 global natural gas futures trading at record levels, EQNR has a high degree of intermediate-term EPS growth visibility.
  • Equinor continues to boost its renewable power portfolio, generating 511 GWh in Q1 2022, a 13% increase over Q1 2021.
  • EQNR is a "Strong Buy" with a five-year price target of $152. We currently hold the stock in our Dividend & Growth and Premier Growth portfolio strategies.
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Offshore construction platform for production oil and gas. Oil and gas industry and hard work. Production platform and operation process by manual and auto function from control room.

Offshore construction platform for the production oil and natural gas.

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The 2022 market narrative has been dominated by Russia’s invasion of Ukraine and the conflict’s effect on commodity prices. After a decade of underinvestment in fossil fuel extraction, the shunning of Russian hydrocarbons has been painful on a global level. As the energy

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Bill Gunderson (@billgunderson) is the CEO and Chief Market Strategist at Gunderson Capital Management in Mt. Pleasant, South Carolina. He is also a professional money manager, former research analyst, author of Best Stocks Now! 2011, and developer of the Best Stocks Now! App (www.BestStocksNowApp.com). Bill offers a free 4-week subscription to his weekly Best Stocks Now! Newsletter to all Seeking Alpha readers at www.gundersoncapital.com. Bill hosts a daily stock market radio show that is syndicated nationwide on the Salem Broadcast Network. He has made numerous appearances on the Fox Business Channel, CNBC, and Bloomberg Radio. Bill's articles have been published by Barron's, Forbes, TheStreet.com and other financial publications. He can be reached at bill@gundersoncapital.com or by calling (855) 611-BEST.

Disclosure: I/we have a beneficial long position in the shares of EQNR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I collaborated with my Gunderson Capital colleague, Barry Kyte Jr., CFA, on this article.

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