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Statoil ASA Message Board

  • stotwx stotwx Mar 8, 2010 4:29 PM Flag

    re: norwegian companies

    yara international -- symbol yariy.pk -- norwegian fertilizer company; norwegian companies and their stock quotes listed daily in the Financial times; also, ticker tape of several norwegian as well as european companies go by before 7a.m. on cnn international t.v. channel.

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    • I own stock in both STO and Yara, They are both off shoots of Norsk Hydro. The advantage is they have government backing (Norways owns a significant portion of the shares) and the Kron is probably one of the most stable currencies in the world(no government debt unlike the US). That is also a disadvantage in that they are off the market for being brought out and Norway may use these companies to help fund their social programs. They both pay about 3% in dividends once a year. Yara is not as closely held by Norway as STO and may not be as subject to Norways's social issues as STO. You will not get rich owning these companies, but should get hurt to much either.

    • Yara is good!

 
STO
18.02-0.23(-1.26%)Dec 24 1:01 PMEST

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