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
I remember watching BNN around the time of the recession and listening to the analysts say buy Discount stores. At the time, he talked about how people are now looking to save money and are seeking to find good prices for everyday items. He stated that discount stores were a way to capitalize on the market based on the needs of the time.
Five years later, I still believe these stores are a buy or at least should be on
In February 2013, I wrote an article on Flotek Industries (FTK). The article entitled Small Cap with Strong Balance Sheet in a Good Sector looked at some of the financial highlights of the company as well as some of the valuations. As stated in the article, Flotek has been “showing strength in all aspects of its profitability, including the asset turnover, gross profit margin, ROA and TL&A ratio.” But the article did indicate that the company is “showing some weakness
Over the past few months, stocks in the gold mining sector have fallen dramatically. Even though there is much debate on the direction of gold and gold stocks over the long-term, if you are bullish on gold and gold stocks, this decline in prices has presented an opportunity to investigate gold companies for investment purposes. One company worth analyzing for future investment purposes is New Gold Incorporated (NGD).
Over the past three years New Gold Incorporated has produced some excellent
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