Here's Why We Just Bought Another 1000 Shares Of Equinor

Summary

• Equinor's acquisition of 10% of Ørsted for $2.5 billion enhances its renewable portfolio, adding significant offshore wind capacity and future revenue growth.
• The company is investing heavily in Norwegian projects, with $20 billion in capital and substantial production from the Johan Castberg field.
• Strong cash flow and financials enable Equinor to pay high dividends, repurchase shares, and invest in long-term growth, despite oil price volatility risks.
• Equinor's strategic moves in renewables and consistent shareholder returns make it a compelling investment, prompting an addition of 1000 shares to our stake.
• The Retirement Forum members get exclusive access to our real-world portfolio. See all our investments here »

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Analyst’s 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.