The only thing wrong with this stock is that they pay a dividend only once a year. Also a high tax rate on the div. The price would be much higher if they paid a quarterly div. I don't know why management doesn't see that.
i agree that this Oil stock is a mystery. Fundamentals are incredible - company is well run but the PERCEPTION around the world is that the Norwegian Government has hamstrung the company for years and now is dumping government shares. Add to that the once a year Dividend payout and everyone says there's too much baggage w/ STO to stay long. HOWEVER, at 20 dollars a share --- even the Norwegian government can destroy the price much further. It really is a shame to see this company's stock selling at this price AND i'M A VALUE INVESTOR!!!
Highest income tax rate of all the oil majors = least competetive. Even the oil majors in Marxist (Brazil) and Communist (France) and Socialist (Italy) countries pay less income tax. What does that say about STO? It is a better short but I took a long shot at a long and lost. I am done on this board. Good luck.