Norway’s Statoil ASA (NYSE: STO) announced this morning that it has acquired stakes in two North Sea projects from France’s Total S.A. (NYSE: TOT). The transaction, valued at $1.45 billion, includes a 51% equity stake in the Martin Linge field and a 40% stake in the Garantiana discovery, both located on Norway’s continental shelf.
Martin Linge is an oil and gas field under development west of the Oseberg field in the North Sea, with estimated recoverable resources in excess of 300 million barrels of oil equivalent. The expected production lifetime extends into the 2030s. The acquisition raises Statoil’s stake in the project to 70%.
Garantiana is an oil discovery north of the Visund field in the North Sea with a recoverable resource potential between 50 million to 70 million barrels of oil equivalent. Development concepts are currently being evaluated. Prior to this transaction, Statoil had no equity interest in Garantiana.
stock market patterns: Avago Technologies Limited(AVGO)
- [By Chris Lange]
Broadcom Limited (NASDAQ: AVGO) reported fiscal fourth-quarter financial results after markets closed on Thursday. The company said that it had a net loss of $1.59 per share and $4.14 billion in revenue. Thomson Reuters did not have estimates readily available at this time. The same period from last year had $1.49 in earnings per share (EPS) and $1.84 billion in revenue.
- [By Timothy Green]
Semiconductor company Broadcom (NASDAQ:AVGO) reported its fiscal first-quarter results after the market close on March 1. Revenue soared compared to the first quarter of 2016 thanks to the Broadcom-Avago merger, but sequential revenue growth was weighed down by sluggishness in the wired infrastructure and wireless communications segments. Here’s what investors need to know about Broadcom’s first-quarter results.
- [By Lisa Levin]
Technology sector was the top gainer in the US market on Friday. Top gainers in the sector included LivePerson, Inc. (NASDAQ: LPSN), Vicor Corp (NASDAQ: VICR), and Broadcom Ltd (NASDAQ: AVGO).
stock market patterns: Gold Standard Ventures Corporation(GSV)
- [By Sara Cornell]
The management team member who garners the most attention right now is Dave Mathewson, VP, Head of Exploration. Dave is a geologist with more than 35 years’ experience in the gold exploration space, and specifically, in Nevada. He is credited with a number of notable discoveries for Newmont Mining Corp (NYSE: NEM), and later went on to Gold Standard Ventures Corp (NYSE: GSV) helping take that company from a start-up to a now $481 million market cap.
stock market patterns: T. Rowe Price Group, Inc.(TROW)
- [By Jack Delaney]
Some of the most well-known dividend aristocrats include:
Exxon Mobil Corp. (NYSE: XOM) pays a dividend of $0.77, which is a yield of 3.75%. Aflac Inc. (NYSE: AFL) pays a dividend of $0.43, which is a yield of 2.32%. AT&T Inc. (NYSE: T) pays a dividend of $0.49, which is a yield of 5.12%. T-Rowe Price Group Inc. (Nasdaq: TROW) pays a dividend of $0.57, which is a yield of 3.27%. Clorox Co. (NYSE: CLX) pays a dividend of $0.84, which is a yield of 2.50%.
If you just kept the dividends, your investment would be worth $11,147. That’s a difference of only $25. So it may not seem like a big deal at first glance.
- [By Arie Goren]
On November 5, Oracle (NYSE:ORCL)confirmed that it has finally completed the acquisition of Netsuite (NYSE:N) for $9.3 billion in cash, or $109 per share that the company had initially offered. In my previous article about Oracle, I had suggested that the acquisition of NetSuite, the cloud business application software company, is a smart move by Oracle. What’s more, it is not paying an excessive price for the deal. In fact, Oracle insisted that it will not pay more than what it had first offered despite the resistance from T Rowe Price (NSDQ:TROW)which demanded $133 per share.
stock market patterns: Luxoft Holding, Inc.(LXFT)
- [By Steve Symington]
Luxoft Holding(NYSE:LXFT)announced strong fiscal fourth-quarter results on Monday, after the market closed. Similar to its modest post-earnings drop in February, shares of the software development specialist fell 3.6% on Tuesday as investors absorbed the news.
stock market patterns: (PIONF)
- [By SEEKINGALPHA.COM]
International Lithium (ILC) is a small lithium explorer/project generator with four joint venture lithium projects, and one fully-owned lithium project:
Mariana lithium brine in Argentina (20% ILC: 80% GFL). ILC can increase to 30% via a 10% back-in right. Jiangxi Ganfeng Lithium (GFL) is committed to US$10m in expenditures at Mariana. This is their flagship project. Avalonia lithium pegmatite in Ireland (45% ILC: 55% GFL). GFL has the option to acquire an additional 24% after spending US$10m, or producing a Feasibility Study [FS]. Mavis Lake and Raleigh lithium pegmatite in Ontario Canada (49% ILC: 51% Pioneer Resources Limited (OTC:PIONF)). 100% of the Forgan Lake pegmatite project in Canada.
Note that Avalon, Mavis Lake, Raleigh, and Forgan Lake also have rare earths. Jiangxi Ganfeng Lithium (SHE:002460) has an 18.1% stake in ILC in addition to the above joint venture partnerships.