Norwegian energy firm Statoil ASA recently announced the resignation of its President and CEO Helge Lund with immediate effect. The company's board of directors have appointed Eldar Saetre as acting president and CEO of Statoil, until a permanent CEO is selected.

Today I dropped Statoil, Entergy and Ace Ltd from the Barchart Van Meerten New High portfolio for negative price momentum.

The best scoring ADRs from one year ago (7/22/2013) returned 2,180 bps more than the EFA in the past year. Returns have been led by SHPG up 150%, YPF up 126%, NOK up 106%, and BIDU up 74%

Torgrim Reitan, the chief financial officer of Norway’s Statoil, is upbeat about Europe’s fuel supply, despite the dispute between Russia and Ukraine that has threatened the continent’s access to gas.

This week I added Royal Dutch Shell (RDS.B), Statoil ASA (STO),Dynegy (DYN) and Ace Limited (ACE) to the Barchart Van Meerten New High portfolio for great technical indicators and price momentum:

Lukoil and Norway’s Statoil were jointly prospecting for oil in Iran's Anaran block but were forced to abandon the project due to the US-led and EU sanctions against Iran. Lukoil has announced it is now prepared to return.