The more u tax it the less you get. If u want the costs to come down then open up drilling to more companies. Competition drives down costs ... Not regulating and taxing it more. Politicians should be required to take IQ tests before they are permitted to screw things up for everyone else.
It just is amassing all these wacko conservatives who do not want to pay taxes for any reason. These folks are the reason the GOP is a dinosaur. That and the beyond silly Obama is a (take your pick) Communist, socialist and Islamist. And where was the president born again? Pay your taxes and #$%$. You lost the election, get over it. I say buy STO at the next dip and keep on loading the boat.
It is #$%$ to think the gov't which has no profit motive can do anything as well as the private sector. There is a growing Libertarian movement in the USA because we are tired of fighting all of your wars for you and helping all the other countries in the world. Plus the idiots in the gov't just waste our tax money on stupid Star Trek videos at the IRS. We are just sick of it already and it is time for other countries to fend for themselves. We are broke over here and we are tired of giving money to people who do not deserve it. You can make more money now collecting welfare than working. That is why such a #$%$ President was elected here. Everyone wants something for free. This is not new and the fall of societies caused by politicians goes all the way back to Egypt, Rome, Greece, etc. They all fail for the some reasons. You can start with Painter's book and work from there if you need to brush up on your history. Demonizing the GOP is stupid becuase Bush wasn't much better ... but he was better than Obama. But hey ... if you have to hate someone keep up your good work.
People need to take a closer look at Norway. It's a combination of the best of Capitalism and Socialism. The result being they are wealthy, healthy happy people. High taxes yes but they are well taken care of. Have the strongest currency in the world and gov't has a huge surplus. FACT!!!
Never ever met a person from Norway that wouldn't give up their citizenship there to live in the USA. These are people that are visiting in the USA with me telling them I prefer their honesty to their fear of insulting me. Granted this is also before Obamacare which will eviscerate our economy in the next 2 years. Go to NY or Orlando and see for yourself.
Just talk to my broker - (please do your own research) - but he stated that since you have paid taxes to the Norwegian government and this is an off shore company you will NOT be taxed again by the US government and a form is sent out to this fact by your broker to fill out with your 2013 taxes.
I saw that too and, at first, I felt as you do. However, there's more to the story than just a tax issue going to ruin the prospects of STO. This is a CHEAP stock w/ exemplary fundamentals. I don't know when fair value will be recognized by the markets but it will be recognized. In the meantime, the dividend helps.
I remember some talk about STO relocating HQ offshore (out of Norway) to avoid this tax on production that is not in Norway. However, considering the Norwegian ownership share, that might be difficult to do, because government (ownership share) may not support a move to reduce taxes.