Sponsored

Reabold Resources’ (LON:RBD) share price up 97% in 2022, here’s why

Image Source: © Bluebay2014 | Megapixl.com

Highlights

  • Reabold Resources has investment interests in oil and gas projects in the USA and Europe.
  • Shares of RBD have provided a handsome return of 97% on a YTD basis, as of 26AUG2022.
  • Astute strategic moves in the backdrop of a strong oil and gas market helped the company deliver excellent returns to its shareholders.

Natural gas prices are on a run and recently touched US$10/MMBtu. High gas prices burning deep holes in pocket of European general population as high gas prices causing higher electricity tariffs.

The scheduled maintenance work at Russia’s Nord Stream 1 Project, which supplies gas to Germany, will result in the gas pipeline going off the grid for three days from 31 August to 2 September. This news has further added to the woos of European nations, which are under tremendous pressure to source reliable energy since the outbreak of the Russia-Ukraine war.

The EU has been heavily dependent on Russian energy supplies; however, it is difficult to replace them with other suppliers. The EU is trying to source gas from Iran and oil from Venezuela, but at the same time, the infrastructure to facilitate imports needs to be developed, which would require substantial time and investments.

The situation could be eased significantly if some domestic or local suppliers come into action and start supplying reliable natural gas, albeit no project or company could single-handedly be able to replace Russian volumes, but they could provide some relief to the present situation.

UK-based upstream oil and gas investment firm Reabold Resources PLC (LON:RBD) may have some answers to energy needs of the UK.


 

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal