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Eni: Political Risks Priced In

Sep. 02, 2022 5:36 AM ETEni S.p.A. (E) Stock3 Comments
Mare Evidence Lab profile picture
Mare Evidence Lab


  • Russia continues to cut gas supplies to Europe. The spot gas price is just over €280 per MWh.
  • Higher extra tax for Eni now accounts for almost €1.5 billion.
  • Ongoing buyback but uncertainties over the Italian government weigh on Eni's shares.
Eni gas station in Sicily, Italy

J2R/iStock Editorial via Getty Images

After reducing the flows towards the old continent following the Western sanctions against Moscow, Gazprom interrupted gas supplies to Europe through the Nord Stream 1 gas pipeline, due to maintenance work which will last until 3:00 am on the 3rd of September.

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Comments (3)

Johnny Skyhook profile picture
Heads up for ENI shareholders, the company just announced 4.5 billion euros investment per year through 2025.


The now near-daily news about upstream oil and gas investments strongly favors the thesis of strong performance by oilfield service stocks I have been commenting on most of this year.
Italy is a country where people don't need to work because there is a minimum income ($10,000/year) for all jobless Italians just based on citizenship. This income for people who don't work is paid by overtaxing people who work. Also, most of the jobless people work in black and have more money than people who work. This situation is no longer sustainable and will undermine the long term social stability.
I bought some after the drop this week. I also bought some TTE recently. Why do you prefer TTE more?
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