ADNOC Gas Is a Dividend Machine, But the Bill for “Growth” Is Arriving

The above story, however, is also a reason analysts should be more critical. The ADNOC Gas equity story is not that of a free-floating, price-taking corporation in a chaotic market, but rather an instrument within a state-led energy system. It doesn’t mean that this particular position doesn’t have major advantages, such as credit perception, strategic coherence, or access to opportunities. It is also linked to domestic demand, which is not only strong but definitely policy backed. As an analyst, it should ...