BIT:ENIOil and Gas
Is Eni (BIT:ENI) Undervalued As It Teams Up With Mercuria In Energy Trading?
Eni (BIT:ENI) has agreed with Mercuria to create a jointly owned global energy trading venture. This event puts the company’s integrated energy model and trading ambitions in sharper focus for investors.
See our latest analysis for Eni.
Despite the joint venture announcement and recent gas and LNG agreements, Eni’s share price has pulled back, with a 30 day share price return down 12.77% and a 90 day share price return down 18.66%. However, the year to date share price return is up 22.72% and...