North Sea Surprise: Equinor Uncovers New Reserves Near Troll Field
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
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Source: Benzinga
Equinor's New Oil Discovery: Equinor ASA has discovered a new oil field near the Troll field in the North Sea, estimated to hold between 2 and 12 million barrels of oil equivalent, although it may not be commercially viable on its own.
Investment and Market Performance: The company's shares have risen by 1.27% following this discovery, and they recently made a financial commitment to proceed with the U.K.'s first carbon capture and storage projects.
Analyst Views on KEAT
Wall Street analysts forecast KEAT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KEAT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 31.983
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Current: 31.983
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
