More on Statoil's (STO) Q4 results: Plans 2013 capex of $19B, up from $18B in 2012. Reiterates its forecast of lower Y/Y production in 2013, and says a recent asset swap with Wintershall would shave ~40K boe/day off its production. Still aims to raise production to more than 2.5B boe/day by 2020, a 25% increase over current levels. Shares +1.3% premarket.
Are you Bullish or Bearish on ?
Sentiment on ()
Thanks for sharing your thoughts.