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Bear with me as I go off script…
Today I want to share with you what’s as close to a stock recommendation as I’ll give in these pages. In fact, if it weren’t for legal rules, the company that I’ll talk to you about would be a strongly weighted portion of my personal portfolio.
The company has a lot going for it, too — an impressive North America portfolio, amazing growth potential and top it off with a dividend north of 4%.
The company is Statoil (STO: NYSE) — a semi-national energy company from Norway.
Statoil broke its maiden in one of the harshest environments you can think of, the rolling black waters of the North Sea. Loaded with offshore oil and gas, the North Sea turned out to be the perfect training ground for this Norwegian company, currently the world’s largest offshore operator.
According to Byron King, “the North Sea in the early 1960s turned Norway from an economic backwater into one of the wealthiest nations in the world.” Thus, started Statoil’s legacy as a semi-national power house in the global energy business — to be clear, the company conducts operations in Algeria, Angola, Brazil, Canada, Indonesia, Russia, Turkey, and a handful of other global hotspots.
More recently, Statoil has turned its focus to the United States. All part of the bigger trend that we’ve been covering here for years, Statoil has a strong foothold in America’s energy renaissance.
“We now have production from more than 1,000 wells” executive VP Bill Maloney told investors at a recent meeting in New York “and hold more than one million net acres in three of the best U.S. plays.”
You see, for all the bad news flooding the media, there are plenty of energy growth stories right here in America. Statoil is one of them.
Another Agora Financial analyst agrees. Jim Nelson speaks highly of Statoil, although for a fundamentally different reason. Jim, if you’re familiar is our in-house dividend expert. Naturally he loves a solid dividend paying company — and right now with a 4.6% payout, Statoil fits the bill.
In fact, after seeing Statoil’s solid fundamentals — along with its mammoth foothold in some of the top U.S. unconventional shale deposits — I just had to ask some more questions.
Recently I sat down to talk with Stephen Bull, VP of Strategy for Statoil’s Development and Production in North America. Stephen was able to put Statoil’s North American portfolio in perspective and give me a boots on the ground feel for what’s happening in the industry.
Today I want to share with you that same story. In fact, I recorded my full interview with Stephen so you can listen to it. You’ll be able to play/pause the video or simply read what Stephen had to say.
In all, I hope you’ll agree that Statoil is, in fact, one of North America’s best kept secrets — and an energy investment that could pay dividends over the years (quite literally.)
For the full story on Statoil along with my interview with Stephen, get started by clicking here…
Keep your boots muddy,
– Matt InsleySource: Daily Resource Hunter
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