A portfolio of stocks I've been building since September 3 is named Volio Folio. It will eventually hold 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

Today I'm reviewing the third of five energy stocks striving to be picked to join my Volio folio. This could be the eleventh pick for Volio!

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration and production (E&P), equipment and services, integrated, midstream, refining & marketing. (Yes, those are the six oily and gassy enterprises.)

My subject today is another large-cap oil & gas integrated company named, Equinor ASA Their trading ticker symbol is EQNR. This is my first report on Equinor ASA (EQNR).

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake.

Operating primarily on the Norwegian Continental Shelf, the firm produced 2 million barrels of oil equivalent per day in 2018 (51% oil) and ended the year with 6.1 billion barrels of proven reserves (48% oil).

Operations also include oil refineries and natural gas processing, marketing, and trading.

The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018.

Equinor ASA was founded in 1972 and is headquartered in Stavanger, Norway.

I use three key data points to gauge dividend-paying equities or funds like Equinor ASA (EQNR):

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

EQNR Price

Equinor's price per share closed at $19.40 yesterday. A year ago its price was $23.58. So, in the past year its price fell $4.18 or 17.7%.

Assuming Equinor's stock trades in a range of $15 to $25 this next year, it's recent $19.40 price could rise by $4.60 and might get to $24.00 by mid-November, 2020, assuming some solid upward price momentum kicks-in.

EQNR Dividends

Equinor's latest declared quarterly dividend was $0.26, payable November 27th.

That $0.26 SA dividend equates to $1.04 annually to yield 5.36% based on yesterday's $19.40 closing price.

EQNR Gains?

Adding the $1.04 annual estimated dividend to my $4.60 estimate of Equinor's price upside shows an $5.64 potential gross gain, per share, which will be reduced by any costs to trade these shares.

Say we put a little over $1,000.00 today into Equinor ASA at its recent $19.40 price, we'd buy 52 shares of EQNR.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.19 per share.

Subtract that $0.19 brokerage cost from the estimated $5.64 gross estimated gain per share leaves a net gain of $5.45 X 52 shares = $283.40 or a 28.3% net gain on a $1,008.80 investment.

Therefore, Equinor ASA, whose trading ticker symbol is EQNR shows a possible 28.3% net gain including a 5.36% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Equinor ASA is worth your time and money.