Equinor: Adding And Buying On An Attractive Thesis

Nov. 19, 2024 10:56 PM ETEquinor ASA (EQNR) Stock, STOHF Stock2 Comments
(14min)

Summary

  • Equinor's strong fundamentals, state ownership, and strategic moves in renewables make it a solid medium to long-term investment with a target price of 300 NOK/share.
  • The company's dominance in the Norwegian Continental Shelf, cost reductions, and new discoveries ensure high-margin, low-cost crude production with significant upside.
  • Equinor's shift towards renewables, including a stake in Orsted and projects like "Northern Lights," positions it well for future growth despite short-term yield adjustments.
  • With a low valuation, AA credit rating, and potential for a 15% annualized return, Equinor remains a "Buy" at current levels.
  • Looking for a helping hand in the market? Members of iREIT®+HOYA Capital get exclusive ideas and guidance to navigate any climate. Learn More »
Equinor office in Houston, TX, USA.

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Dear readers/followers,

After over 10 months after reviewing Equinor (NYSE:EQNR) last, I think this marks a good time for a "reset" for the thesis on the company. Equinor has after changed up its operations quite a bit - and I am not only talking about

The company discussed in this article is only one potential investment in the sector. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Consider subscribing and learning more here.

This article was written by

Wolf Report profile picture
33.78K Followers

Wolf Report is a senior analyst and private portfolio manager with over 10 years of generating value ideas in European and North American markets.

He is a contributing author and analyst for the investing group iREIT®+HOYA Capital and Wide Moat Research LLC where in addition to the U.S. market, he covers the markets of Scandinavia, Germany, France, UK, Italy, Spain, Portugal and Eastern Europe in search of reasonably valued stock ideas.

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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.

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