BVB:SNGOil and Gas
Romgaz Stock And 2 European Energy Picks Facing Higher Rates
Euro zone inflation at 3.2%, energy costs up 10.9%, and an ECB rate at 2.25% with more hikes expected create a tricky mix for European energy stocks. Higher funding costs, possible recession risk, and elevated power prices can all pull in different directions for utilities and producers. This article looks at three well established European energy and utility stocks from our screener that appear relatively resilient in this setting, based on financial strength and valuation. By the end, you...