Travis Johnson

Investing in State-Owned Companies Can Be Risky Business (BP, STO, PTR, PBRA)

Sorry, should have probably been clearer on that point. I do like Statoil, but would be cautious if they end up committing too much of their capital to developing Russian reserves. Statoil is a well diversified company at this point, with reserves in many of the active fields around the world, so while it makes me a little nervous to see them pushing for access to Russia I can certainly live with that nervousness if Russia remains a small part of their work. If they bet their future on Russia, I'd lose interest (assuming that the business/political climate in Russia remains as it is now).

Thanks for the comment.