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Stock impact report

Equinor's Polynya Tubåen Find Extends Johan Castberg Cash Flow Story [Yahoo! Finance]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
Equinor (OB:EQNR) reports a significant new oil discovery at the Polynya Tubåen prospect in the Barents Sea. The find adds an estimated 14-24 million barrels of recoverable oil equivalent to the Johan Castberg field. The discovery supports Equinor's ongoing exploration program on the Norwegian continental shelf. For investors tracking OB:EQNR, the Polynya Tubåen discovery comes as the share price stands at NOK394.9, with returns of 16.5% over the past week and 46.6% over the past month. Over longer periods, Equinor has delivered returns of 63.5% year to date and 54.8% over 1 year, while the 3 year and 5 year returns are 87.8% and 247.1% respectively. The additional resources at Johan Castberg feed directly into Equinor's longer term production and cash flow story, which is central for many income and total return focused investors. This kind of reserve addition can influence how you think about the durability of future projects, capital allocation and the role of Norwegian of Show less Read more
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