Statoil expands its global reach
The company, majority owned by the Norwegian government, is moving into other regions, including North and South America.
MORE ON MSN MONEY
VIDEO ON MSN MONEY
Well, I gotta take the hi-side with Jim here.....It's an very good pick.
Have started accumulating over the last 6 months....Trading off other picks in the Oil Patch..
A fellow commentor use to mention this several months or a year ago....
After researching and deciding, glad I have; And like Jim's blessing also.
Statoil seems to be making some very good futuristic moves, and investments....
More or less, getting all their ducks in a row.
I hope the Target range is good and I agree also, but it has languished around the $25 mark for quite some time..Any dips into $24 mid-range will probably encourage us picking up some more.
With the 4.2-4.4% dividend,decent place to park some extra cash,because of the Company's stability.
Couple of caveats are them paying div on a yearly basis, and with the earnings, I think they could increase that up to about 5%, without hurting their re-investment strategies and deal making with others; ie: Total, Exxon,etc..
Stock Scouter with an 8 and mod-buy; Along with many other analysts being very bullish with 9-9.5s.
One Firm,Howard Weil Assoc.?, with a downgrade from Market outperform to market perform...
But I don't know who Weil is and don't really care?....I'm buying, so it doesn't matter.
Maybe it's the Norwegian Government keeping the price in a buyable range, while the they are reaping earnings back to the Nation's coffers...More then one way to skin a cat....?
But still a good company, that's becoming a Major player on the world's stage or in the International Oil Patch..Although, still think the dividend should be around or north of 5%..
And a $30 player, yeah I can vision that.....With a $80 billion dollar market cap, not to shabby.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The stock market ended the holiday-shortened week on a mixed note as the Dow Jones Industrial Average shed 0.1%, while the S&P 500 added 0.1% with seven sectors posting gains.
Equity indices faced an uphill climb from the opening bell after disappointing quarterly results from Google (GOOG 536.10, -20.44) and IBM (IBM 190.04, -6.36) weighed on the early sentiment. Google reported earnings $0.15 below the Capital IQ consensus estimate on revenue of $15.42 ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|