Statoil expands its global reach
The company, majority owned by the Norwegian government, is moving into other regions, including North and South America.
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.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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