As a Statoil (NYSE:STO) shareholder, I've been pleased to see the market finally waking up to the underlying value at this Norwegian state-owned oil and gas producer. Not only does Statoil have a very good recent record of adding barrels through the drillbit, but it has also established strong operating know-how in unconventional, harsh, and difficult operating environments. Management has also been pledging a greater focus on returns and economic value added and that offers exciting potential in tandem with an above-average production growth profile post-2018.
Q2 Results Trade Value For Growth
After a first quarter where Statoil reported significantly better than expected results, the second quarter was a step back for the company, but not necessarily for...
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