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STO's Growth Will Blow Out Earnings

You've got to take technical analysis of the ADR chart with a grain of salt since the dollar has weakened so much over the past 5 years. You really need to do the analysis on the Oslo shares, STL.OL, where the volume is much higher and the confounding effect of the dollar is taken away. STL.OL has not broken through its nominal high of ~208 set back in May 2006. If you dividend-adjust the numbers, however, it is just barely making a new high just before the dividend record date. The state has increased its holdings this spring which has helped lift the shares. That state buying looks done for now. We'll see what happens after the stock goes ex-dividend. In 2006 it got clobbered.

STO's Growth Will Blow Out Earnings

And Norsk Hydro didn't take over the oil and gas operations. It's the other way around. Is your editor asleep?

STO's Growth Will Blow Out Earnings

www.statoilhydro.com/e...

The above link is the list of the 36 analysts that have registered with StatoilHydro. About 20 of them have US phone numbers. This notion that STO is some undiscovered company followed by one analyst is nonsense.