The stock is currently trading for around $25 a share, versus Exxon at $80 and Chevron at over $100, and with a trailing P/E of 7.4 the stock is nearly as cheap as I am.But there is more to it than that. Statoil has proved to be forward thinking,… More
Having held this 1000 sharesstock for about 2 years and nearly lost money on it, I think that the stock markets in the U.S. highly speculative as they are, are not receptive to European government owned companies. The Norwegioans are too damn honest… More