Equinor Expects Strong Trading Profits in Q1 Amid US-Iran War

Equinor ASA (NYSE:EQNR) is an planetary vigor institution headquartered successful Norway, with implicit 25,000 employees successful astir 20 countries worldwide.

Equinor ASA (NYSE:EQNR) revealed connected April 16 that it expects the Q1 net from its marketing, midstream, and processing concern to transcend its $400 cardinal guidance, driven chiefly by the important volatility arsenic a effect of the US-Iran war. Moreover, the company’s state trading concern had besides benefited from the terms spikes during the acold spell earlier this twelvemonth successful the US, arsenic good arsenic from the “geographic spreads” ⁠in the state marketplace successful Europe.

Equinor ASA (NYSE:EQNR) became the latest European vigor elephantine to awesome stronger net successful the upcoming Q1 report, pursuing akin announcements by BP, Shell, and Total. Despite the ongoing ceasefire, Brent crude futures person soared by implicit 30% since the United States and Israel began their archetypal strikes connected Iran.

That said, Danske Bank precocious turned bearish connected Equinor ASA (NYSE:EQNR), downgrading the banal from ‘Buy’ to ‘Hold’ (read much details here).

While we admit the imaginable of EQNR arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 12 Most Undervalued Natural Gas Stocks to Buy Now and 15 Best Blue Chip Stocks to Buy Now

Disclosure: None. Follow Insider Monkey connected Google News.