Recently, Norway has raised its estimate for undiscovered oil and gas by 31% to 8 billion barrels of oil equivalent in the Barents Sea. Recently, Norway and Russia resolved a 40-year-old dispute over dividing the Barents Sea and part of the Arctic Ocean. Currently, the Norwegian Government is looking to increase its production in the Barents Sea. Statoil ASA (STO), which operates over 80% of Norway’s oil and natural gas production, has said it will to spend $13.8 billion USD
As there is not enough infrastructure to move all the nat gas and crude to the refineries and to ports for shipping, a backlog of oil and gas has built up. This backlog of oil has generated a painfully steep discount compared to U.S and global light crude benchmarks. Because the Canadian companies are having to sell their crude at a discount, this has brought the price of many Canadian oil and gas companies down. Some of the companies that
As the U.S. is focusing on reducing its dependence on others for oil and gas, this has created significant opportunities within the U.S. for companies in the Oil & Gas Equipment & Services Industry. With the U.S. focusing on domestic oil and gas, the International Energy Agency (IEA) is forecasting the U.S. to become the world’s largest oil producer by 2020. The above factors should give the oil and gas equipment industry a boost and one company situated in this
Over the past few weeks the stocks in the Gold mining sector have fallen dramatically. This has provided an excellent opportunity to investigate companies in this sector for investment purposes. One company worth considering is AuRico Gold Incorporated (AUQ). While there are many different factors to look at and consider when investing, in the article below I will look at the debt side of the company. I will analyze AuRico Gold’s total debt, total liabilities, debt ratios and WACC. From
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