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Energy companies operating in North Africa face a long-lasting security threat likely to change...

Energy companies operating in North Africa face a long-lasting security threat likely to change the way they operate after the bloody conclusion to the hostage crisis at the Algerian gas plant, which also threatens to undermine the country’s growth prospects. The attack "will only add to investor skepticism about the country" FT calls "a fading star" of the oil and gas industry. BP -1.1%, STO -0.2%.
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  • Veritas1010
    , contributor
    Comments (1580) | Send Message
     
    STO has inadvertently revealed its soft underbelly despite its always being trumpeted by the financial community as a safe and conservative investment - since they are based in Norway with government ownership of 38%.

     

    Let's hope the Norwegian government and its oil arm are conservative enough to know that you have to protect physically one's E&P operations and not shower terrorists with the physiological equivalent of fil milk, 2 O'clock cheese breaks, and socially responsible Newspeak debriefings.

     

    En gard my friends...

     

    disc.: long STO.
    22 Jan 2013, 01:06 PM Reply Like
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