Best European stocks: Statoil ASA (ADR) (STO), AEGON N.V. (ADR) (AEG)



Stock’s Trading Stats:

Statoil ASA(ADR) (NYSE:STO) surged 3.29% Friday and closed at $15.37. The company’s market capitalization is at $50.13Billion with an average trading volume of 3.47Million. The total number of Outstanding Shares Held by the company are 3.18 Billion.

Recent Press Release:

On March 18, 2016, Statoil ASA (ADR) (STO) presented the annual reports for 2015, including the sustainability report and the payments to governments report.

Statoil delivered annual equity production of 1.971 million barrels of oil equivalents per day in 2015, an increase of 2% from 2014. The increase is a result of start-up and ramp-up on various fields, higher gas sales from the Norwegian continental shelf (NCS) and improved operational performance. The discovery rate was high (~45%) and 2015 was one of the best years related to access to new acreage, replenishing the portfolio for new opportunities going forward. However, the average discovered volumes per well rate were low in 2015.

Statoil experienced three contractor fatalities related to our activities in the fourth quarter of 2015; one on the NCS and two in our US onshore operations. The serious incident frequency (number of serious incidents per million hours worked) was 0.6 for the year.

Statoil ASA (ADR) (STO), an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Midstream and Processing; and Other segments.


Stock’s Trading Stats:

AEGON N.V. (ADR) (NYSE:AEG) closed at $5.39Friday by showing a increase of 3.26%. The total number of outstanding shares held by the company are 2.09 Billion with the total market capitalization of $11.92 billion. The number of shares traded on the last trading session are 1.11  Million.

Recent Press Release:

AEGON N.V. (ADR) (AEG) announced the sale of two thirds of its UK annuity portfolio to Rothesay Life. The transaction is consistent with the company’s ambition to free up capital from non-core businesses. Under the terms of the agreement, Aegon will reinsure GBP 6 billion of liabilities to Rothesay Life, followed by a Part VII transfer. The pro forma Solvency II ratio per end-2015 for Aegon’s operations in the United Kingdom increases to an estimated ~155% following the reinsurance transaction and ~165% following the Part VII transfer. Aegon is exploring options to also divest the remainder of its UK annuity portfolio.

Aegon has not been an active player in the UK annuity market since 2010. By selling the majority of the annuity portfolio, Aegon will be able to focus on its platform which enables workplace savers and consumers to build their savings across their working lives and then manage an income in retirement with the support of a financial adviser or directly online.

As a result of the transaction, the benefit in the Solvency II own funds from transitional measures for Aegon’s UK annuity portfolio will be reduced. After the completion of the transaction, Aegon intends to upstream excess capital to the holding in line with Aegon’s capital management policy for its units.