RE:RE:RE:RE:Oil up $3.50. Arx up .24 centsNo VET has Irish and Dutch NG fields along with oil assets in France, Germany and Croatia. They are exposed to TIFF NG pricing and Brent and the Russian threat of cutting of their supplies is why their prices and VET's SP spiked.
Unfortunately ARX will see little uptake in NG pricing from a skirmish in Europe unlees the US keeps shipping LNG like it is going out of style...and they are.
GLTA Longs
prested wrote: What is meant by European 'exposure'? If Russia is rash enough to invade Ukraine, and with a nutter like Putin tiu never know, then it will trigger a response fromthe EEC and Nato. The Russians will respond by cutting off gas to western Europe, maybe. That will be an opportunity IMO not a threat. The Russian Roulette (pun intended!) of them shutting off gas supplies in winter to the west means they will be reducing their revenues at a time when they are dire need of them. It is Russia that is 'exposed".