EW's Romanian assets, Natural Gas And Sanctions on RussiaEW's assets in Romania are natural gas weighted. We know this.
Romania belongs to European Union and Europe is desperate for natural gas while trying to find producing countries (i.e. Qatar etc.) to replace the Russian nat gas. We know this too.
Thanks also the high price of nat gas in Europe and the European sanctions on the Russian nat gas, NIS is incentivized to drill EW's assets in Romania, so the value of EW's stake is these assets has significantly increased over the last weeks.
With EW being at 10 cents, we are still scratching the bottom, because the market has not yet priced in the value from the gassy Romanian assets. Currently, EW's Enterprise Value is associated only with the value of the producing assets in New Zealand.