$FLFR is currently trading in the upper part of its 52 week range, which is inline with the index.
https://www.chartmill.com/stock/quote/FLFR/technical-analysis?key=572e0150-964a-4605-b0c3-869f182ecefe&utm_source=TA&utm_medium=stocktwits&utm_campaign=TA&utm_content=FLFR
French PM: “It’s urgent to stop any energy consumption that isn’t indispensable immediately"
If not “there could be brutal gas outages overnight & serious economic & social consequences,” adding that “companies would be the first hit” by any rationing
While France “is less exposed than other European nations” to Russian gas, “let’s not believe for one second that our nation would face no risk,”
“Our nuclear power plants are facing difficulties" - more than half of Electricite de France’s 56 atomic reactors -- which typically acct for >2/3rds of the country’s electricity production -- are currently halted due to safety/repair issues.
France gas storage level at 90% - enough of the fuel to cope with a winter with avg temps
The govt has spent >€25B on a so-called energy-tariff shield to protect consumers from energy costs. Plans to spend another €20B on tax cuts & increased pension payments.
$EWQ $FEZ $FXE $EZU $FLFR
