OB:EQNROil and Gas
Equinor (OB:EQNR) Could Be 20% Overvalued On New Lithium Optionality
Equinor (OB:EQNR) has entered the lithium conversation after partner Smackover Lithium released a positive Preliminary Economic Assessment for the Franklin brine project in East Texas, outlining sizeable long-life resource potential.
Equinor’s lithium exposure comes on top of a strong run in its core business, with the share price at NOK419.0 and a 90 day share price return of 32.43% contributing to an 80.78% 1 year total shareholder return. This suggests momentum that has been building...