Statoil ASA (STO) is gaining momentum with the start-up of operations on several new oil and gas fields. The growing share of natural gas in the company’s NCS (Norwegian Continental Shelf) volume mix enables it to play a leading role in the European natural gas market.

A sharp rise in production is offsetting the fall in oil and gas prices, which helped the company to experience smaller profit declines in the third quarter than other large European oil companies.

With our bullish long term view on natural gas and the company’s extensive interests in infrastructure assets, we recommend an Outperform rating for Statoil ADRs.

Zacks Investment Research

1. (TOT) TOTAL S.A. Transfers Oilfield InterestRecently, TOTAL E&P Russie, a wholly owned subsidiary of TOTAL S.A. (TOT), transferred 10% of...
2. (STO) Statoil ASA Slips, but Volumes upStatoil ASA (STO) reported its third quarter results of 38 cents per share, compared to...
3. (MWE) MarkWest Energy Partners’ Unit Signs Gas DealsMarkWest Liberty Midstream & Resources – a majority-owned joint venture of MarkWest Energy Partners L.P....
4. (STO) StatoilHydro ASA Finds New ReservesIntegrated oil and gas major StatoilHydro ASA (STO) recently discovered a new oil and gas...
5. (STO) Statoil’s Positive Production OutlookAfter drilling an appraisal well in the northeastern segment of the Smorbukk deposit (part of...
6. (STO) Statoil Wins New Drilling PermitRecently, Norway-based energy firm StatoilHydro ASA (STO) gained a permit from the country’s top petroleum...

Search Posts by Tag: StatoilHydro ASA | STO | Basic Materials | Oil & Gas Drilling & Exploration

RSS Feeds by Tag: StatoilHydro ASA | STO | Basic Materials | Oil & Gas Drilling & Exploration |

Other Posts by: vitalstocks | RSS Feed for this author