Hywind wind farm concept. Five turbines will be placed off the east coast of Scotland, near Peterhead. They will each be anchored with three suction anchors and linked together to send electricity to shore to power 22,000 households. Source: Statoil.
Seeking Alpha contributor Michael Fitzsimmons has summarized Statoil’s (NYSE:STO) Q2 results, which he suggests show that the company is undervalued and operating successfully with oil at $50/bbl or less. With net income of $0.44/share, Q2 dividend of $0.22/share and 8.1% debt ratio reduction, things looks sweet even in these challenging....More>>>