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NEWS & PR
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Statoil ASA - Shareholder/Analyst CallTue, May 14
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Statoil ASA's Management Hosts Exploration Seminar (Transcript)Fri, May 25, 2012
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Statoil's CEO Discusses Q4 2011 Results - Earnings Call TranscriptWed, Feb 8, 2012 • 1 Comment
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Statoil ASA's CEO Discusses Q3 2011 Results - Earnings Call TranscriptSat, Oct 29, 2011
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Statoil's CEO Discusses Q2 2011 Results - Earnings Call TranscriptFri, Jul 29, 2011
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Statoil CEO Discusses Q4 2010 Results - Earnings Call TranscriptWed, Feb 9, 2011
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Statoil CEO Discuses Q3 2010 Results - Earnings Call TranscriptWed, Nov 3, 2010
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Statoil ASA Q2 2010 Earnings Call TranscriptSat, Jul 31, 2010
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StatoilHydro ASA Q1 2010 Earnings Call TranscriptWed, May 5, 2010
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StatoilHydro ASA Q2 2008 Earnings Call TranscriptFri, Aug 1, 2008
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Statoil ASA Q3 2007 Earnings Call TranscriptMon, Oct 29, 2007
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Statoil Q2 2007 Earnings Call TranscriptMon, Jul 30, 2007
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at MarketWatch.com (Wed, 5:01PM)
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PR Newswire (Wed, 6:00AM)
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at MarketWatch.com (May 31, 2013)
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at MarketWatch.com (May 28, 2013)
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at MarketWatch.com (May 24, 2013)
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at MarketWatch.com (May 20, 2013)
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at MarketWatch.com (May 15, 2013)
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at CNBC.com (May 15, 2013)
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PR Newswire (May 7, 2013)
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at CNBC.com (May 2, 2013)
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at CNBC.com (Apr 26, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Apr 17, 2013)
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at MarketWatch.com (Apr 3, 2013)
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at MarketWatch.com (Mar 25, 2013)
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Marketwire (Mar 22, 2013)
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at MarketWatch.com (Mar 18, 2013)
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at CNBC.com (Mar 5, 2013)
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at MarketWatch.com (Feb 12, 2013)
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at MarketWatch.com (Feb 7, 2013)
STO vs. ETF Alternatives
Company Description
Currently, there's no company description for STO.
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Friday, May 24, 10:59 AM Statoil (STO) says its plans for the Johan Castberg oilfield in the Barents Sea are being undermined by unexpected regulatory changes that threaten to limit development in the far north, as the project needs new infrastructure and already was a challenge in terms of costs. CEO Helge Lund says a stable political and regulatory environment has been Norway’s “most important competitive advantage" during the past 20 years. Comment! [Energy]
- Friday, May 24, 9:28 AM Petrobras (PBR) agrees to sell a stake in an oil and gas exploration block offshore Tanzania to Statoil (STO) for an unspecified amount. PBR will continue to operate the block with a 38% stake, while Shell (RDS.A, RDS.B) will retain a 50% share and STO 12%. The deal is part of $9.9B in planned divestments as PBR focuses on developing offshore fields in Brazil. 1 Comment [Energy]
- Wednesday, May 22, 3:33 PM Teekay Offshore Partners (TOO +0.7%) secures an agreement with Statoil (STO) to provide a floating storage and offtake unit for work in the North Sea. TOO says it will spend $220M to purchase the one-third of the shuttle tanker Randgrid it doesn't already own for conversion into the FSO; completion is scheduled for Q1 2017. Comment! [Energy]
- Tuesday, May 21, 10:57 AM Given their activity in the Platts oil trading window, it’s not surprising that European regulators would send questionnaires to Glencore (GLCNF.PK), Vitol and other trading houses asking for information about how fuel pricing works. But no one knows exactly what is being investigated; a look at the Platts daily European oil markets newsletter shows the EU could be looking at any of dozens of daily price assessments. Comment! [Energy, Global & FX, Commodities]
- Monday, May 20, 10:47 AM Abu Dhabi’s state oil company is under pressure to take a quick decision on which foreign companies will get concessions in one of the few major oil producing areas in the Persian Gulf where international companies are still allowed to hold an equity interest. Prequalified companies are BP, XOM, RDS.A, TOT, STO,OXY, E, PTR, OJSCY.OB, Inpex, Korea National Oil. Comment! [Energy, Global & FX]
- Friday, May 17, 11:58 AM Major oil producers launch a joint program to beef up their Arctic oil spill response plan in a bid to convince the Arctic Council they are ready for large-scale development in the region. There are plenty of doubters, of course, and incidents such as BP 2010 Gulf of Mexico spill and Shell's recent problems north of Alaska with two drill ships don't help. 6 Comments [Energy]
- Friday, May 17, 9:56 AM The U.K.'s Serious Fraud Office says it is "urgently reviewing" whether it has the authority to investigate allegations of price fixing in the oil market, after unannounced inspections earlier this week by EU antitrust authorities of BP, Shell (RDS.A, RDS.B) and Statoil (STO). The SFO believes it could be the appropriate body to investigate such allegations. 4 Comments [Energy, Global & FX]
- Wednesday, May 15, 5:36 PM Fitch Ratings warns of massive fines along the lines of UBS' $1.5B Libor settlement if an EC probe into oil price manipulation finds any wrongdoing. While oil company balance sheets likely would absorb any fines thanks to big cash reserves, an offender "could face longer-term risks from damage to reputation," Fitch says, noting BP's exclusion from some business in the Gulf of Mexico after the Macondo spill. 4 Comments [Energy, Global & FX]
- Tuesday, May 14, 10:42 AM An inspection is carried out at Statoil’s (STO) headquarters in Norway as part of a probe by European investigators into suspected anti-competitive practices. The suspected violations are related to the Platts' Market-On-Close price assessment process, used to report prices for crude oil, refined oil products and biofuels, and may have been ongoing since 2002. Comment! [Energy, Global & FX]
- Tuesday, May 14, 9:42 AM Norway's plan to raise taxes on oil companies could raise the breakeven price of new projects by $5/bbl, putting profit margins at risk and likely leading to the shelving of some projects. Oil companies traditionally paying 9% of development costs must pay 12% beginning next year under the new plan, which Statoil (STO) says "reduces the attractiveness of future projects, particularly marginal fields." 1 Comment [Energy, Global & FX]
- Tuesday, May 14, 9:05 AM Statoil (STO) signs a farm-in agreement with BP acquiring a 30% equity share in four exploration licenses offshore south Australia, providing STO "access to a vast, underexplored area with high-impact potential." The work program includes drilling up to four wells within the largely untested license area. BP will continue to operate the exploration licenses. Comment! [Energy, Global & FX]
- Tuesday, May 14, 8:37 AM Noble Corp. (NE) is awarded a drilling contract by Statoil (STO) for a newbuild ultra-high specification jackup for use in the U.K. North Sea. The initial contract is for four years and is anticipated to begin during Q3 2016. The total estimated value of the primary term contract is $655M, which equates to an all-in dayrate of $448,600. 1 Comment [Energy]
- Tuesday, May 7, 7:23 PM 50-50 partners ExxonMobil (XOM) and Statoil (STO) agree to begin development of the Julia oilfield in the Gulf of Mexico, estimated to hold nearly 6B barrels of resources. The field is expected to initially produce 34K bbl/day. Capital cost for the project, expected to begin oil production in 2016, is estimated at more than $4B. 1 Comment [Energy]
- Monday, May 6, 8:08 AM Norwegian Prime Minister Jens Stoltenberg, up for re-election in September, proposes a tax increase on oil companies and multinationals, a move the industry warns could undermine Norway’s reputation as a stable environment for oil company investments. Statoil (STO) complains the plan would reduce the attractiveness of future projects, particularly marginal fields. STO -1.8% premarket. 3 Comments [Energy, Global & FX, On the Move]
- Thursday, May 2, 12:54 PM The BP-led Shah Deniz consortium is beginning to evaluate binding transportation offers from two pipeline groups vying to carry natural gas from the giant offshore Shah Deniz gas field in Azerbaijan into Europe. The consortium, which is expected to reach a decision on the pipeline by late June, has received sales offers for more than 30B/year cubic meters of gas from more than 15 different gas buyers across Europe. Comment! [Energy, Global & FX]
- Thursday, May 2, 8:13 AM Statoil (STO) posts 58% lower Q1 net profit Y/Y amid lower production volumes and prices. Adjusted earnings were NOK42.4B vs. NOK59.2B in the year-ago period and analysts' forecast of NOK47.98B. Revenue fell 22% to NOK47.9B vs. NOK61.8B a year ago. Overall production was 1.99M boe/day vs. 2.19M a year ago, hit in part by the attack on the Algerian In Amenas gas plant. Shares -2.7% premarket. 1 Comment [Earnings, Energy, On the Move]
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combatcorpsmanVN
$STO is a world-class bargain. Tarred and feathers by naive investors that believe this company is purely a European play. Long & Longer - View all 8 replies
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combatcorpsmanVN: $STO is a classic example of value being recognized when the stock is up 20%. It's on everyone's avoid list when Buffett is buying. Funny!
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combatcorpsmanVN: It is an interesting exercise to see $STO share price continue to fall or languish at current levels. NTA value of $50B! Manic Depressive
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Elliott Gue
Cool video on $STO's production ops in Bakken Shale. Covers the basics. Via @reuters: http://reut.rs/10fsQfH. - View all 0 replies
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Daniel Nadler
5 Oil & Gas Stocks That Rally to Close-Out March: http://goo.gl/YU0EE $PTR $CVX $XLE $OXY $STO $XOM - View all 1 replies
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Michael Fitzsimmons
$STO, P/E=6.4, yield=3.7%, makes a third high impact discovery offshore Tanzania: http://yhoo.it/143lgIA - View all 0 replies
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combatcorpsmanVN
$STO's aggressive reserve replacement actions bode well for the share price. Range bound characteristics disappear in 100%-plus portfolio - View all 0 replies
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Michael Fitzsimmons
$STO's Q4/Full year: production up 8% in 2012. RRR=1.1. Increases div to 6.75(NOK)=$1.23, up from $1.18 - View all 7 replies
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sethmcs: I like to buy in at $23.00 or below. Been stalking this one for a year now. -
Michael Fitzsimmons: Yup, buy at $22, sell at $26-27. Rinse and repeat every year....
LATEST REPLIES
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Bob de'Long
Statoil (sto) approached Whiting Pet (WLL); Whiting has hired BA to advise it on a possible STO bid of $65. Closed @ $42.02. I'm looooong - View all 21 replies
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Michael Fitzsimmons: i never followed up on buying stocks in their native currencies, would like to do that in canadian and norwegian energy cos
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Ricardo Espinosa
STO Oct NFLX 70/75 call spreads @2.55, this sucker´s not staying up before filling its gap. - View all 1 replies
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Michael Fitzsimmons
Zow-eee => StatOil (STO) increased production 17% this quarter (!). That is awesome for a company their size. Stock will move up! - View all 5 replies
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Ricardo Espinosa
STO MCP 27/25 May puts and BTO 31 May calls, will exit position if MCP=26.5 or 31, whichever happens first. - View all 2 replies
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Ricardo Espinosa: MCP giving me another chance to get out almost @breakeven after yesterday´s boring AH action, I´ll take it.
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Ricardo Espinosa: Right on the first 2, but if SPY is between 130 and 140, it goes from 14.19 profit on 130, breakeven around 134.19 and higher=losses
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Ricardo Espinosa: It´s a hedge against all my long positions, I hope it loses money, TEF, SAN, DE and MCP doing great this week.
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Ricardo Espinosa
Rangebound for the rest of the week, STO 50 SPY weekly 134/132 put spreads and 140/142 call spreads, iron condor for 0.25 credit each. - View all 6 replies
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Josh Krause: They were expected to be a non-event and moved us measurably. An Apple disappointment with FOMC disappointment, Hello sub 1300.
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Ricardo Espinosa: That iron condor almost went bad, but was far enough on the calls, I was gonna tighten it more but greedy=not good, profitable at the end.
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Ricardo Espinosa: The calls almost did, but fortunately it ended up profitable on both ends.
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Ricardo Espinosa
STO 50 CHK April 17/15 put spread for .39 credit, hope it doesn´t blow up in my face, I´ll place stops around .5 - View all 1 replies
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Caiman Valores: YPF won't be paying a dividend, likely to be nationalized by Argentine government, find out more in my article http://bit.ly/ICs5GM
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Ricardo Espinosa
STO MOS 50/55 short put spread for Apr and bought 50/55 call spreads (25x) for 2.70 credit - View all 2 replies
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OneLongTrade: CF performing lovely today. Good day all around. Still would like to see more selling in AAPL, PCLN, CRM, but I'll take what I can get. -
Ricardo Espinosa: True, I liked DE´s graph and holding 3rd fibo support is bullish, STO 80/75 put spreads and BTO 75/80 calls (28x) for $1.36 credit.
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bluefoxak: Unlike gold, oil stocks will rise with time, so a dollar +/- is no big deal. Like Mercy said Norway is closed, so the stock may be wild.
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bluefoxak: I must add, if you are a day trader, long is not in the picture but perhaps one could let oil stocks ride a little longer.
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Ricardo Espinosa: Because banksters won´t let us close this week below 1400, they need higher highs, traders might get nervous, feels safe to me, free money.