Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, Norwegian oil giant Statoil
With that in mind, let's take a closer look at Statoil's business and see what CAPS investors are saying about the stock right now.
|Headquarters (founded)||Stavanger, Norway (1972)|
|Market Cap||$79.6 billion|
|Industry||Integrated oil and gas|
|Trailing-12-Month Revenue||$106.9 billion|
|Management||CEO Helge Lund (since August 2004)
CFO Torgrim Reitan (since January 2011)
|Return on Equity (average, past 3 years)||16.8%|
|Cash/Debt||$16.6 billion / $20.8 billion|
Sources: S&P Capital IQ and Motley Fool CAPS.
Just last month, jdill23 tapped Statoil as a particularly timely opportunity: "made several key acquisitions lately ... P/E at a good level."
In fact, Statoil currently sports a cheapish P/E of 7.4. That represents a slight discount to other big oil plays such as ConocoPhillips
TMFAimeeD elaborates on the bull case:
Statoil has proved to be forward thinking, which is something I demand out of a long term investment. The company purchased U.S. shale oil and gas producer Brigham Exploration this year, targeting the American energy boom to add depth to its global operations.
For diversity, the company is engaged in a project with the Department of Energy to develop floating wind turbines off the coast of Maine. The company already has a prototype in operation off the coast of Norway.
Finally, closer to its traditional operations, Statoil also recently discovered one of the largest reserves in the North Sea, estimated to contain 900 million to 1.5 billion barrels of oil equivalent. I believe the future is bright for the Norwegian company.
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