Equinor is the Norwegian oil and gas producer/explorer.
27bn $ fcf last year on 150bn revenue
'21 fcf was 11 bn $
Downsides are 5 years of developed resources only (at current production) + 4 years of undeveloped resources. But they have projects going in Africa and the Norwegian continental shelf, and after Russia's invasion of Ukraine, the government is open to production in the Arctic regions of the NCS.
Upsides are green energy and carbon capture. For example filling up the Doggerbank in the North Sea with windmills. This huge area is shallow, only 30-60 meters deep, making it ideal for installations.
[link] [comments] https://www.reddit.com/r/stocks/comments/12impun/equinor_trades_at_x33_fcf_are_there_any_cheaper/
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