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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (40925)7/14/2011 4:24:43 PM
From: Paul Senior   of 78659
 
Adding a little more to my position in Statoil (STO).

I've liked it as a buy with p/e under 10.

Euro oil stock recommended by McDep.

Dividend is about .93 (after a 15% tax), made in one annual payment.

My 12th small add in past 12 months. Market tells me I'm wrong so far on these purchases: Average cost for short term shares is ~$26.30. STO closed today @$23.88. (My long-term shares (>1 year) were made at lower prices.)
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