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Stock Market & Financial Investment News

News Breaks
February 28, 2014
06:46 EDTSTO, EEni reaches preliminary deal with Statoil over gas prices, NY Times reports
Italian oil company Eni (E) said yesterday that it had reached an agreement in principle with Norway's Statoil (STO) to reduce the prices that Eni pays for natural gas, according to The New York Times. Under the deal, Eni would pay market prices for gas, rather than prices linked to oil, the newspaper explained. Reference Link
News For E;STO From The Last 14 Days
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August 30, 2015
17:24 EDTEEni discovers 'supergiant' Mediterranean gas field
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August 27, 2015
07:57 EDTSTOPlatts to hold a conference
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August 18, 2015
08:12 EDTSTOGlobal Big Oil sector upgraded at Citi
Citi analysts Alastair Syme and Michael Alsford upgraded their rating on the Global Big Oil space and now recommend investors position "at least a benchmark-weight" in the group. The analysts, who had been multi-year cautious on the space, prefer Total (TOT), ConocoPhillips (COP) and Statoil (STO), which they call "self-helpers." The sector price-to-book ratio of 1.2 times is now below the Q1 of 2009 and Q4 of 1998 troughs, Syme and Alsford write. Cost-cutting and better capital allocation are key to restoring the industry's profitability, they believe.

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