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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (74924)	1/25/2024 3:58:09 PM
From: Elroy	Read Replies (3) of 78487

Equinor ASA ADR(EQNR) This looks like a good complement to my other Oil & NG positions. Most of my exposure is from domestic Oil & Gas drillers except for CVX my no 1 holding since late 1990's. 8% div at 6x PE good value too! Yahoo finance says the dividend is about 4.4%. The market cap is $84 billion, and net profit in the last reported quarter was $2.73 billion, so about $11 billion annualized, so PE is more like 7.6x? It's a Norwegian company, so we gotta pay something like 25% withholding tax on any dividends received? Hmmm, why is this company better than other oil and gas choices?

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