Equinor

Western Europe's largest oil field shut down - oil prices soar

A production outage at Western Europe's largest oil field is driving up oil prices. North Sea Brent crude and US WTI crude each increased in price by around three percent to 72.95 and 68.82 dollars per barrel (159 liters). They thus extended their gains following the escalation of the Ukraine war at the weekend and reached their highest level in around a week. The Norwegian oil company Equinor $EQNR (-0.42%) announced that production at its "Johan Sverdrup" oil field had been halted due to a power outage. The company did not give a timetable for the resumption of production.

Source of information: Handelsblatt Newsblog

first position

08.10.2024

Nordex Group receives orders for 500 MW from Canada + Oil and gas producer Equinor acquires stake in wind power company Orsted + Order intake in Germany calls for caution + China's economy remains weak

The Nordex Group
$NDX1 (-1.62%) received orders for 74 N163 turbines totaling 500 MW from Canada at the end of September. The orders also include the Premium Service for maintaining the turbines for between 15 and 30 years.

The Norwegian oil and gas producer Equinor $EQNR (-0.42%) has acquired a minority stake in the Danish wind power company Orsted $ORSTED (+1.94%) making it the second largest shareholder. Equinor bought almost 41.2 million shares, the company announced in Stavanger on Monday. This corresponds to a stake of 9.8 percent. This has a market value of 2.5 billion US dollars (just under 2.3 billion euros), based on the closing price on Friday. The largest shareholder is the Danish state. According to Orsted, the country held a good half of the shares at the end of the year. Following the announcement of the news, Orsted shares rose by a good four percent to 434 Danish kroner. Equinor emphasized that it supports Orsted's strategy and board of directors. In addition, the Norwegians did not intend to take a seat on the management board. Without specifying a time horizon, the Norwegians announced their intention to increase their stake to ten percent. There are currently no plans to increase the stake beyond this. The company described its commitment as "long-term".

As was to be feared following the recent weak sentiment indicators, the German incoming orders in August fell significantly. Even if the 5.8 percent drop compared to the previous month is partly due to a lower number of large orders, today's data confirms to Commerzbank economists that demand for industrial goods from Germany has weakened further. This suggests that the German economy will stagnate at best in the second half of the year. An upturn is not expected until next year, and even this is likely to be very modest.

Tuesday: Stock market dates, economic data, quarterly figures

ex-dividend of individual stocks

BBVA EUR 0.29

Quarterly figures / company dates USA / Asia

02:00 Samsung Electronics quarterly figures

12:00 Pepsico quarterly figures

17:00 Boeing deliveries 9/24

Untimed: General Motors Capital Markets Day | Procter & Gamble AGM

Quarterly figures / Company dates Europe

07:30 OMV Trading Update 3Q

Untimed: Deutz Capital Markets Day | BNP Paribas Extraordinary General Meeting

Economic data

• 08:00 DE: Production in the manufacturing sector August seasonally adjusted FORECAST: +0.8% yoy previous: -2.4% yoy
• 14:30 US: Trade Balance August FORECAST: -70.80 bn USD previous: -78.79 bn USD
• 18:45 US: Atlanta Fed President Bostic, speech at Atlanta Consular Corps luncheon
• 19:00 DE: ECB Governing Council member Nagel, speech at the German Bundesbank's Capital City Reception

An entry is made.#oil
#gas
#erneuerbare
#dividende #Share buyback

📣 All these stocks hit new 52 WEEK LOWS at some point today

📣 All these stocks hit new 52 WEEK LOWS at some point today

Boeing $BA (+3.39%)

Chevron $CVX (+0.82%)

Occidental $OXY (+1.68%)

$ETSY (+2.31%)

Mobileye $MBLY

$APA (+2.55%)

Bath & Body Works $BBWI (+1.07%)

Franklin Resources $BEN (+2.08%)

Cleveland Cliffs $CLF (+3.28%)

Conoco $COP (+0.86%)

Coterra $CTRA (+1.39%)

Devon Energy $DVN (+2.39%)

Estee Lauder $EL (+3.44%)

Equinor $EQNR (-0.42%)

GlobalFoundries $GFS (+1.28%)

Halliburton $HAL (+1.11%)

Hess $HES

Nucor $NUE (+2.46%)

Mosaic $MOS

Schlumberger $SLB (+1.9%)

Stellantis $STLAM (+2.05%)

Top Golf $MODG (+3.58%)

Dave & Bysters $PLAY

I would like to invest in oil / gas shares invest. Which ones do you think are best (also in view of the geopolitical situation (Middle East war?))

$EQNR (-0.42%)

$BP. (+1.16%)

$PBR (+7.84%)

$SHEL (+0.71%)

$E (+0.72%)

$CVX (+0.82%)

$XOM (+1.19%)

$OXY (+1.68%)

$TTE (-0.1%)

$EQNR (-0.42%) good entry or to expand position... Solid company, nice dividend...

Compounders - companies that are constantly reinventing themselves and moving with the times

Moin, compounders are companies that constantly reinvent themselves and perform well over the years.

Do you have any favorites that fulfill these characteristics?

With regard to these characteristics, my current favorites are

$ATD (+0.73%) Alimentation Couche-Tard

Alimentation makes extreme acquisitions of filling stations. You might think that this might not be the "smartest move", as fossil fuels seem to have had their day in the future. While the cow is being milked for as long as possible, this is also about the locations where charging infrastructure can be built for the future. 💡

$EQNR (-0.42%) Equinor

Equinor wants to move away from fossil fuels and is making strong acquisitions in the renewables sector.

In the future, the Norwegians are planning a hydrogen network and a long-distance pipeline from Norway to Germany in cooperation with RWE. The regulatory conditions were recently approved by the German government. The financing for the hydrogen core network has been clarified. 👍🏻