Seeking Alpha

Statoil (STO): Q4 net profit +163% to 25.5B kroner ($4.4B) vs. 13.3B kroner consensus. Revs +22%...

Statoil (STO): Q4 net profit +163% to 25.5B kroner ($4.4B) vs. 13.3B kroner consensus. Revs +22% to 173.9B kroner. Q4 boosted by higher oil and gas prices, and an 8.5B kroner gain, mostly related to the sale of a stake in Gassled. Equity output +1.5% to 1.975M barrels of oil equivalents/day, aims to reach 2.5M by 2020. (PR)
Comments (2)
  • drstocks
    , contributor
    Comments (56) | Send Message
    If you need a good, safe stock with a high dividend yield, in other words, if you want to sleep well, buy STO. I did it about 6 years ago and have no complaints.
    8 Feb 2012, 01:35 PM Reply Like
  • RS055
    , contributor
    Comments (2199) | Send Message
    STO results were great! I am not sure , but perhaps one should be comforted by the fact that the effective tax rate STO had last qurter was around 70%. And the govt of Norway owns about 70% of the shares as well. So I guess roughly speaking the Norwegian govt owns about 90+% of the economics of this business. I suppose the dividends paid to "outsiders" is therefore a relatively small bleed from the govts perspective. So - why do they even bother having publicly traded shares? Is it to have an "acquisition currency"? Does it reduce their borrowing costs? not sure - but if anyone has insights would love to hear.
    8 Feb 2012, 03:29 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: