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Stock Market & Financial Investment News

News Breaks
March 4, 2013
08:12 EDTSTOStatoil says natural gas' future in Europe threatened by politics, FT says
Statoil (STO), which has significantly increased its natural gas sales in Europe in recent years, has warned that future investments are at risk because of political uncertainty, reported Financial Times. Reference Link
News For STO From The Last 14 Days
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June 19, 2013
12:33 EDTSTOStatoil management to meet with Jefferies
Meeting to be held in New York on June 26 hosted by Jefferies.
08:03 EDTSTOGeneral Electric awarded $147M contract by Statoil
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06:05 EDTSTOStatoil make another oil find offshore Newfoundland
Statoil has made a discovery of light, high-quality oil in the Flemish Pass Basin, offshore Newfoundland. Oil was encountered while drilling the Harpoon prospect, located approximately 500 kilometres north-east of St. John's, Newfoundland and Labrador, Canada. The Harpoon discovery was drilled by the semi-submersible rig West Aquarius, in approximately 1,100 metres of water. Harpoon is located about 10 kilometres south-east of Statoil's Mizzen discovery. The Mizzen discovery is estimated to hold between 100M-200M barrels of oil. As part of its 2013 three-well exploration program offshore Newfoundland, Statoil is currently drilling its Federation prospect, located in the Jeanne d'Arc Basin. The company will then return to the Flemish Pass Basin to drill the Bay du Nord prospect, which is located south-west of the Harpoon and Mizzen discoveries.
06:03 EDTSTOStatoil discovers high-quality oil in Flemish Pass Basin in Newfoundland
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05:56 EDTSTOEU looking for evidence that oil traders manipulate prices, WSJ reports
The EU is investigating manipulation of benchmarks as part of a probe into whether energy traders skew prices of oil and other fuels for their own financial benefit, reports the Wall Street Journal. Reference Link
June 18, 2013
10:01 EDTSTOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Flir Systems (FLIR) upgraded to Strong Buy from Market Perform at Raymond James... HSBC (HBC) upgraded to Buy from Neutral at Citigroup... Motorcar Parts (MPAA) upgraded to Buy from Neutral at B. Riley... People's United (PBCT) upgraded to Overweight from Neutral at JPMorgan... Royal Dutch Shell (RDS.A) upgraded to Focus List from Outperform at Howard Weil... Statoil (STO) upgraded to Outperform from Sector Perform at Howard Weil... CommVault (CVLT) upgraded at Pacific Crest... Newfield Exploration (NFX) upgraded to Buy from Hold at Stifel.
09:13 EDTSTOStatoil upgraded to Outperform from Sector Perform at Howard Weil
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June 5, 2013
07:53 EDTSTOStatoil delays Barents Sea project, FT reports
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