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December 10, 2012
06:09 EDTSTO, GBXGreenbrier partners with Statoil on fleet management solution
Greenbrier (GBX) has been selected by Statoil Marketing and Trading (STO) to deliver comprehensive railcar management and maintenance solutions for Statoil's fleet of more than 1,000 tank cars. The cars will ship crude oil by rail out of the Bakken formation, underlying parts of Montana, North Dakota, and Saskatchewan. Greenbrier's proprietary Enspire fleet management software platform and industry-leading maintenance and repair capability will maximize Statoil's productivity and increase velocity across its fleet. Leveraging its integrated business model, Greenbrier will design and implement the fleet maintenance program, including cost underwriting, while select Greenbrier Rail Service facilities will provide preferred turn times and on-demand solutions for empty cars, wheels, and component parts.
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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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