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OK- TurnKey-
If you had your last $1000. to invest in oil stocks...
would you drop it here OR at AXAS?
will pick up some soon..
She is crawling along the bottom isn't she?
Looking at CFW, DPTR and STO-- a number in this sector are oversold- or getting that way after hype of arab revolutions faded away?
KOG and AXAS better bets as they have proven reserves?
STO down a buck 21-- like the limbo dance....
HOW Low can she gooooooooo?
A little oversold maybe?
Lets see: if you're undervalued in an overvalued market?
CFW sure didn't get the second wind-
Biofuels aren't much better.
------------
Oil prices are falling after factory production and new home construction declined in the U.S. last month.
Benchmark oil for June delivery fell 67 cents to $96.70 per barrel Tuesday morning on the New York Mercantile Exchange.
The Federal Reserve says factories produced fewer goods in April for the first time in 10 months. Part of the drop is related to a shortage in parts from Japan that affected auto manufacturing.
In addition, the Commerce Department says builders broke ground on 10.6 percent fewer new homes in April compared with March.
Analysts say the disappointing news is raising questions about demand for gasoline and other energy products.
Meanwhile, gas is $3.944 a gallon nationally and has dropped about 4 cents since Friday.
STO undervalued?
STO good for a bull market?
STO: Cheap and forward P/E Ratios under 10
looks like a long term gainer, and good time to enter...
Update on STO and Norway.
Oil price tumbles on supplies and Goldman pullback
See this effecting STO stock?
3% is better than a CD pays. DPTR and CFW on pull backs as well?
Not sure if ethanols are getting slammed because of possible loss of tax credits and or gov't shutdown?
Looks like Statoil dividend stocks are favored, thoughts?
will post some OT stuff here if no one is looking. Have read some PR news about the ethanol exports- just don't know if they will get bought out and incorporated into larger concerns like Valero.
Yeah as you know we were heavy on CFW. Took profits as well but looking to increase position here again depending on how things are going forward.
I believe the ethanol group is bullish but admittedly I am overwhelmed with the oil & gas investments we currently have.
A new bottom should be forming for DPTR so don't write it off yet.
Any new ideas on the oil & gas front?
will have to dd this -- ...
Did well on CFW but out for now, and sort of cooling it for a while.
Didn't have DPTR for this run... but had it earlier.
What's your take on the ethanol group? BIOF, PEIX.
E-15 approved for earlier models, and US now exporting ethanol to Brazil to even out crop harvest shortages.
PEIX may have a pump coming?
Any thoughts on fast-tracking these projects?
Well at least I was right about CEO not making in until May...
CFW had 2 nice runs... now 60 floor until ???
Buyout? or just posturing by new mgmt?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60430045
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58183569
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58173592
It may be bouncing here... Hmmm...
OK- still watching CFW for developments- something going on?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59861167
buyout before May? -- Don't thing CEO will....
Hey buddy, been busy in the markets and one some new deals. I remain very bullish for STO here and watching CFW for new developments. One of my guys is supposed to talk to management soon about this one. Any new information I will message you.
Hey what happened...
Did you fall of the contenental shelf or something, and into the deep abyss these past few weeks?
Cano and others are dry holes since I Got out of CFW at .44
Any buyout news on the agenda?
Statoil Canada Oil Sands SAGD Project Produces First Oil
http://ih.advfn.com/p.php?pid=nmona&article=46190026&symbol=STO
Statoil (OSE: STL, NYSE: STO) today announced first oil production from its Leismer Demonstration Project (LDP) after initiating steam injection in September 2010, one month ahead of schedule.
"We are very pleased with the safe start up of this demonstration facility and first oil at Leismer," said Lars Christian Bacher, president of Canadian operations for Statoil Canada Ltd. "This is truly a milestone for our business in Canada."
LDP, approved to 10,000 barrels per day (bpd), is the first phase of the Leismer project, which is expected to ramp up to its rated capacity of 18,800 bpd within 24 months, pending final approval by Alberta Environment. Future phases of the Kai Kos Dehseh steam assisted gravity drainage (SAGD) project are also under study. Statoil originally entered Kai Kos Dehseh through the acquisition of North American Oil Sands Corporation in 2007.
Statoil's oil sands leases are located approximately 120 kilometres south of Fort McMurray in the Athabasca region of north east Alberta. The company's next phase, Corner, is a proposed 40,000 bpd facility, which along with the eventual further expansion of Leismer to 40,000 bpd, recently received approval by the Alberta Energy Resources Conservation Board (ERCB).
"Over the last three years we have increased our understanding of the oil sands business and feel we are now in a good position to apply what we have learned," said Bacher.
"We will proceed with several research and technology innovations and tests at the LDP project and if successful will apply them to future phases of development to drive economic efficiency and reduce environmental impact, including CO2 reductions at our Alberta operations."
Statoil has committed to a 5-year technology plan, which will provide the basis for the company's ambition to reduce CO2 emissions intensity by more than 40% by 2025.
Statoil Canada Ltd. is the operator of Kai Kos Dehseh with a 60% ownership in the project, while PTT Exploration and Production of Thailand is a partner with a 40% ownership.
Statoil is an international energy company, headquartered in Norway, with operations in 34 countries. Building on more than 35 years of experience from oil and gas production on the Norwegian continental shelf, Statoil is committed to accommodating the world's energy needs in a responsible manner, applying technology and creating innovative business solutions. Statoil has 20,000 employees worldwide, and is listed on the New York and Oslo stock exchanges. For further information, please visit www.statoil.com.
(Logo: http://photos.prnewswire.com/prnh/20101006/STATOILLOGO)
Contact:
Peter Symons: 403-471-6912 (Calgary)
Ola Morten Aanestad: 713-485-2174 (Houston)
SOURCE Statoil
It is my opinion that it has potential to retrace steps it took in 2008 as oil prices start to improve. Goldman is stating $110 average oil prices for mid to late 2011 and the markets are going to buzz with oil stocks once it goes over a hundred again. However I wouldn't assume it will go over $40 again but could easily go half way, all in my opinion.
TurnKeyO....where you see STO by years end???
Holding on tight now. End of year break out is a good sign of what to expect come 1st quarter in my opinion. How was your Christmas??
That's the worst to have to rebuild your list! I use Alphatrade so it allows me to keep like 10 portfolios. I dread every losing the lists lol.
All of the data was somehow wiped from my IB account on Friday and I've been resetting everything. My oil stocks page was wiped clean of all the tickers I was watching.
But, I'm done with all I'm going to do for now. Time for visiting with some friends. ;)
Alright did the usual weekend stuff, kids, birthday parties, comedy shows, church, and family; time to go do some more DD on energy stocks. :)
No doubt about it. ;)
Have a great weekend! ;)
In Reply to 'TurnKeyOil'
Staying informed helps us make the best investment decisions!
Thanks for posting this bit of news. ;)
HOUSTON, Dec. 2 -- Statoil started production on Dec. 2 from the 7.6 billion-kroner subsea completed Vega development on Blocks 35/11 and 35/8 off Norway.
Vega includes three seabed templates connected to the Gjoa platform, which came on line on Nov. 7 (OGJ, Nov. 15, 2010, Newsletter). Water depth in the area is about 370 m.
Statoil expects Vega to produce up to 7 million cu m/day of gas and 3,900 cu m/day of condensate. Four wells are currently online and Statoil plans for another two wells to come on line in April 2011.
The Middle Jurassic sandstone reservoirs of the Brent Group in Vega have fairly high pressure and temperature, the company said. Reservoir depth is about 3,500 m.
Vega field includes two licenses: Vega and Vega Sor. A combined plan for development and operation covers both.
The discovery well was drilled in 1981 on Vega and in 1987 on Vega Sor.
Statoil estimated recoverable reserves for Vega are 18 billion cu m of gas and 26 million bbl of condensate.
Partners in Vega are Statoil 60% and Petoro AS 40%.
Partners in Vega Sor are Statoil 45%, Bayerngas Norge AS 25%, Idemitsu Petroleum Norge AS 15%, and GDF Suez E&P Norge 15%.
Exactly. Have a great night.
I've found it to be an incredible mix of people. Some I listen closer to than others. Just like in the real world.
Anyway, sweet dreams... I'm off to take doggie for her last walk of the night. ;)
Yes and for networking a lot of great minds on here. I love sharing information and learning everything I can!
It works well for that. ;) The list of favourites works well.
Yeah I seem to be finding out that Investors Hub is primarily a stomping ground for micro cap and small cap stocks. I am using it for all my research and due diligence notes for my entire basket of energy stocks.
It's surprising how few follow this one.
Agreed, it should be an excellent play for 2011. Upside to oil prices is inevitable in my opinion for next year.
Research on Pride International Inc. and Statoil ASA - Drilling Moratorium to Be Lifted at End of November
http://ih.advfn.com/p.php?pid=nmona&article=44699152&symbol=STO
www.stockcall.com/ offers investors comprehensive research on the oil & gas drilling & exploration industry and has completed analytical research on Pride International Inc. (NYSE: PDE) and Statoil ASA (NYSE: STO). Register with us today at www.stockcall.com/ to have free access to these researches.
Lawmakers have finally finished laying out the groundwork for the drilling moratorium to be lifted in the Gulf of Mexico. Some drilling companies are concerned that the tightened regulations will cost them a substantial amount of money but most are anxious to resume operations at the end of November.
www.stockcall.com/ is an online platform where investors doing their due-diligence on the oil & gas drilling & exploration industry can have easy and free access to our analyst research and opinions on Pride International Inc. and Statoil ASA; investors and shareholders of these companies can simply register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html
One regulation that will certainly cost drilling companies money concerns blowout prevention. Rig owners must now outfit blowout preventers with two sets of blind shear rams to greater ensure that there will not be a repeat of the BP disaster. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
In addition to tightened safety measures, drilling companies will now be subject to increased governmental oversight. The extent of the increased oversight is not completely clear and some drilling outfits are wary. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the oil & gas drilling & exploration industry.
Lastly, and probably the most costly, rig owners will now be responsible for paying for audits. The audits will examine safety procedures for rig workers in response to the 11 workers who died during the BP spill. The audits will also oversee the dependency of blowout preventers.
Commenting on the legislation efforts Louis Raspino, CEO of rig operator Pride International Inc. and chairman of the International Association of Drilling Contractors, stated that the Obama Administration sought to see "how close to zero" offshore drilling risk could get. He also noted that no other industry have had to meet such benchmark
. Investors can register for free to access the research report on Pride International Inc. at www.stockcall.com/PDE071010.pdf.
Overall, drilling companies are pleased that the last of the drilling moratoriums will be lifted at the end of November. The additional expenses imposed by government regulations could narrow profit margins or be passed along to consumers at the pump.
Elsewhere in the energy industry, President Obama stated in a speech on Saturday that his administration is working hard to get clean energy programs on the go in an effort to boost employment. One interesting pint to note in his speech was the mention of company BrightSource Energy which is building a solar power plant that could potentially create 1000 jobs. The company is supported by many companies on the oil and gas sector including Statoil ASA. Investors can register for free to access the research report on Statoil ASA at www.stockcall.com/STO071010.pdf.
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines.
Contact Person:
William T. Knight
stockcall2010@gmail.com
Notifiable trading
http://ih.advfn.com/p.php?pid=nmona&article=43616180&symbol=STO
On behalf of Statoil (OSE: STL) (NYSE: STO), DnB NOR has on 15 July 2010 purchased 262,800 shares for use in the group`s Share saving plan.
The shares have been acquired at a price of NOK 129.94 per share. Before distribution to the employees, the Share saving plan has 6,350,824 shares.
This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Statoil via Thomson Reuters
ONE
Lars Troen Sorensen
senior vice president for investor relations
+47 51 99 77 90
+47 90 64 91 44
Geir Bjornstad
vice president for investor relations in the USA
+1 203 978 6950
+1 203 570 5757
The price here has sure come down, but, it's been moving up lately. Bit by bit.
Hugo was pretty rotten in those deals.
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Statoil ASA (STO)
Address:
Statoil ASA
Forusbeen 50
Stavanger N-4035
Norway
Phone: 47-51-99-00-00
Statoil ASA is an integrated oil and gas company. The Company's focus is on exploration, development and production of oil and natural gas from the Norwegian Continental Shelf (NCS). It has business operations in 34 countries. The Company's proved reserves as of December 31, 2006, consisted of 1,675 million barrels of oil and 399 billion cubic meters of natural gas, which represents an aggregate of 4,185 million barrels-of-oil equivalent. Statoil ASA operates in four business segments: Exploration and Production Norway (E&P Norway), International Exploration and Production (International E&P), Natural Gas, and Manufacturing and Marketing. During the year ended December 31, 2006, the Company acquired a 25% share in the license 218 in Blocks 6706/10 and 6706/12 in the Norwegian Sea. In June 2007, Statoil ASA, through its subsidiary Statoil Canada Limited, acquired North American Oil Sands Corporation.
CIK: 0001140625
Important Company Highlights:
Operations: http://www.statoil.com/en/ouroperations/pages/default.aspx
Top 20 shareholders: http://www.statoil.com/en/InvestorCentre/Share/Shareholders/Top20/Pages/default.aspx
Recent News: http://finance.yahoo.com/q/h?s=STO+Headlines
Transfer Agent:
Bank of New York Mellon Corp.
101 Barclay Street
22nd Floor
New York, NY 10286
Investor Relations:
Morten Sven Johannessen
Vice president
Statoil, USA
Email: mosvejo@statoil.com
Tel: +1 203 978 6950
All messages, including iBox content, are the opinion of the posters, are no substitute for your own research, and should not be relied upon for stock trading or any other purpose.
Also, keep in mind that moderators may or may not have a position in said stock. Being a moderator isn’t a sign of endorsement.
Please keep your posts on topic because your message(s) will probably be deleted when:
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