Statoil could benefit from Ukraine turmoil, stock surges to five-year high


Statoil (STO +2.4%), the largest non-Russian supplier of gas to Europe, is a rare bright spot in today's stock market, surging to its highest level in more than five years on hopes it could increase its market share if Russia cuts back gas supplies.

STO sells an increasing share of its gas at spot market prices, in contrast to Gazprom, which sells much of its gas on long-term contracts and at prices linked to oil.

STO says it doesn't have any current plans to increase output but is monitoring the situation.

BG Group (BRGYY, BRGXF) also is considered a potential beneficiary; while it sells much of its liquefied natural gas to markets in Asia, analysts say it could divert additional volumes to Europe if gas prices rose sufficiently.

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Comments (4)
  • Veritas1010
    , contributor
    Comments (3266) | Send Message
     
    "Buy when there is blood in the streets".

     

    Funny how some advise stands the test of time so well and clearly.

     

    disc.: long STO.
    3 Mar 2014, 01:39 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4207) | Send Message
     
    The ADRs are not at a 5 year high. Is this with respect to Norway's stock market?
    3 Mar 2014, 01:47 PM Reply Like
  • User 16627072
    , contributor
    Comment (1) | Send Message
     
    It's GAZPROM's (-14%) blood that's on the streets and Statoil is the only other big player in town.
    3 Mar 2014, 09:35 PM Reply Like
  • mussepigg
    , contributor
    Comments (3) | Send Message
     
    yes. nok is pretty weak right now.
    3 Mar 2014, 09:40 PM Reply Like
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