Weekly Performance Update On 5 Foreign Integrated Oil And Gas Stocks
By Power Hedge:
Oil prices increased by 1.43% over the past week due largely to renewed hopes in the state of the economy. This had the effect of pushing up the stocks of big oil companies, including those that I follow with these weekly updates. It has not affected all the companies in the same way and, in fact, some saw a share price decline from last week's closing prices. Here's how the five stocks performed.Statoil (STO) opened at $26.02 on April 16, 2012. The stock closed at $26.65 in after hours trading on April 20, 2012. Stockholders in the company thus saw a gain of $0.63 per ADR share or 2.42% over the week. Statoil opened at $27.87 on March 26, 2012. This gives the stock a four-week loss of $1.22 or 4.38%.
STO 5-Day Chart