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Statoil ASA Message Board

  • buffalo3112 buffalo3112 Jan 28, 2014 9:45 AM Flag

    STO Should Pick up

    QAS and KOG. Their prices have been driven down. 690000 acres in the Bakken would be a tasty snack. jmo

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    • I tend to agree. I am moving more away from day trade or short term on STO to thinking buy and hold. Of course I may be stuck holding as I have no intention of selling here. That is because, for one, on the 7th of Feb. there is earnings. The balance sheet is going to show a big jump in cash or cash equivalents. There should be some earnings recorded from the sale of oil in properties. The earnings should creep up too. There will likely be a special bonus dividend announced on dividend date. The downside in a crash is $15, but the long termers can expect big gains in dividends and price appreciation, which is what happens with the long termers in STO. The fever has broke today on the global markets. It will just be more sideways with up for the good stocks.

17.61-0.07(-0.40%)Apr 28 4:02 PMEDT