An integrated oil and gas company, headquartered in Stavanger, Norway which is based on both production and reserves.
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Having held this 1000 sharesstock for about 2 years and nearly lost money on it, I think that the stock markets in the U.S. highly speculative as they are, are not receptive to European government owned companies. The Norwegioans are too damn honest for the U.S. stock market; they report even the most insignificant events which could possibly affect society or the environment. Petrobras does not do that (I held it for two years and sorry that I pulled out prematurely -- since then it has quadrupulled.
Only a very large strike by Statoil would garner it the interest that this market craves; since STO is in the Nowegian Shelf and dependent upon a dwindling supply of Oil and gas, I think it is unlikely that in the next year or so, it can outperform a recumbent market.
Completly agree with you. Norways is too passive and honest. What do you they have an average of more than $100,000 per capita
This is my 4th strongest green thumb pick. It seems like you have a hair trigger, the ladies must dislike you.
The honesty that gardena deplores is one reason I own STO. Also, with global warming, the Norwegians will have readier access to their oil deposits.
Cant follow you there. Some years ago, statoil was way overpriced. But today, with a div of about 1$ and strong future gas earnings coming up, todays valuation is low/underpriced.
As for the reporting part, you're making a point. What you americans for most surely arent aware of, is that STO has a very stable majority owner, the norw. state (with a 65% stake). As long as the socdems are in power, they won't change this stake. And if the cons get in power, they may only reduce it a bit, to say 40-50%(and then the valuation would surely rise).
Stability in ownership should also count for something in our stock analysis.
Politicisizing this stock with generalizations that Norwegians are more honest than Americans is completely misleading and absurd arrogance. Ask Trico marine (TRMA) about the problems it has had with its hostile shareholder, Norwegian venture capitalist Kistefos AS.