Seeking Alpha
  • 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
    11/8/12
    Reply (21)
    • Hillbilly Stock Star: Sweet! Nice Call!
      11/8/12
    • Mercy Jimenez: I thought of you when I saw that congrats! I'm long the buyer STO.
      11/8/12
    • Hillbilly Stock Star: Could help OKE, PAA, KOG, MRO, NOG....
      11/8/12
    • Michael Fitzsimmons: WLL up over $5 in pre-market on google. STO is only down $0.11. arr U.S. big oil goin to let STO snap up another bakken jewel??
      11/8/12
    • Bob de'Long: Thanks, Mercy, Hillbilly. What buyers seem to like are firms focused on 1 or 2 plays - KOG, OAS and in the Permian: AREX and CXO.
      11/8/12
    • Michael Fitzsimmons: if it's true, STO would be the biggest producer in the bakken.
      11/8/12
    • Mercy Jimenez: Michael and STO is priced today close to its 2010 levels -- but it is a very different company than it was then.
      11/8/12
    • Michael Fitzsimmons: hi mercy - yeah, STO is one of the biggest value stocks in big oil. their asset base is tremendous!
      11/8/12
    • Michael Fitzsimmons: plus, i really like how they are selling non-core stuff to focus
      11/8/12
    • Michael Fitzsimmons: what's interesting is that WLL didn't move on the original benzinga post. it wasn't until reuters repeated it the stock moved. interesting.
      11/8/12
    • Michael Fitzsimmons: WLL up $5.88 on google...
      11/8/12
    • Michael Fitzsimmons: i wish SA would publish my article on it!!
      11/8/12
    • Mercy Jimenez: Plus Michael w/ Oslo hq corp tax rates haven't changed in Norway since 1992 +one of most transparent mkts in world + I like gov stake in STO
      11/8/12
    • Michael Fitzsimmons: yeah, but for some reason the gov stake is looked at as a negative. not sure why. it seems to trade at a discount to other big oil.
      11/8/12
    • Mercy Jimenez: Very true; if not Norway gov would scare me2; lots of Oslo traded co's take time 2Bnoticed; rode SDRL from $17 to $41 while under the radar
      11/8/12
    • Michael Fitzsimmons: wow, nice move mercy! are you writing articles on SA?
      11/8/12
    • Michael Fitzsimmons: volume up to 349,000...the rumor could be true.....
      11/8/12
    • Michael Fitzsimmons: STO down $0.12 pre-market on 10,800
      11/8/12
    • Mercy Jimenez: No time Michael; but I like 2give back by sharing comments as others have done w/me; rarely post direct foreign trades few appear interested
      11/8/12
    • Michael Fitzsimmons: i never followed up on buying stocks in their native currencies, would like to do that in canadian and norwegian energy cos
      11/8/12
    • Mercy Jimenez: You are on the right track IMO; I focus on energy and materials w/ dividends in strong currencies e.g. CAD, AUD, NOK, and SGD
      11/8/12