Translated from the following link: http://www.hegnar.no/analyser/article425802.ece

Arctic analyst Trond Omdal names his current favorites on the Oslo Stock Exchange.

Article by: Øystein Byberg (Reuters - 18/05/1910 6:59)


Analyst Trond Omdal from Arctic Securities preddicts a very strong growth in the demand for oil from the BRIC countries, Saudi Arabia and the United States, and believes OPEC will raise the price to around 100-120 dollars a barrel as early as next year.

- Statoil is a stock that has significant exposure to both oil and gas prices with its upstream-dominated portfolio. Even at current oil prices around $ 80 the company generates cash equivalent yield of 6 million shares, and it will double to over 12 per share with an oil price of $ 100 a barrel, "says Omdahl. Arctic expects a near doubling of the share price to more than 250 million shares during 2012.

Questerre is another favorite. If Utica turns out to be among the ten largest shale gas fields in the U.S., as the limited test results currently indicate, the stock price could increase 3 or 4 fold, says the analyst.

Omdal recommends four energy stocks. You'll find all the recommendations with justifications in the Financial Times on Tuesday.