Oslo Stock Exchange falls into the opening Monday morning.
After 25 minutes of trade stands main index 647.62, down 0.58 percent, and it is so far traded shares for 364 million.
Analysis Principal credit in Swedbank, Pål Ringholm, is our guest today on HegnarTV!
Oil prices
Brent oil falls on Monday morning 0.11 percent to $ 65.21 a barrel, while WTI oil is down 0.47 percent to $ 56.88 a barrel.
For comparison, a barrel of North Sea oil traded 64 , $ 96 a barrel by the end of trading Friday. Year lowest quotation was set on January 13, when Brent oil was traded for $ 46.59 a barrel.
Friday joined Brent oil at the highest level since mid-December last year, and although it now falling back slightly, keeping prices relatively strong concern for problems with supplies from the Middle East, in a situation where Saudi Arabia has stepped up its military action against Yemen, writes Bloomberg News, according to TDN Finans.
According to figures from Baker Hughes, the number of active drilling rigs in the US last week fell by a further 31 to 703. That’s the lowest since October 2010.
– Brent price supported by an increasing risk premium related to the events in Yemen. Although there is no imminent danger, there is a possibility that exports may be affected, says chief strategist at CMC Markets in Sydney, Ric Spooner, news agency.
Meanwhile, there are signs that the global oil production grows, and partner in Again Capital in New York,. John Kilduff, indicate that there are signs that Russia makes an unexpected increase in production.
– The market is in a fragile balance situation right now. Marginal increases may overturn, said Kilduff to The Wall Street Journal, according to news agency.
Statoil falling 0.51 percent to 154.60 dollars.
Top Boss goes
Vardia Insurance Group Announces Monday morning that CEO Ivar S. Williksen goes the day. Executive Vice President and COO of Vardia, Rune Olsen Arneberg, appointed as interim CEO.
The company decided at the AGM on April 9 to fetch 275 million in a rights issue. Monday reports the Board that they also want to bring an additional 100 million.
The news sends stock down 23.73 percent to 12.05 million.
Fredriksen shares
John Fredriksen Golden Ocean reported Monday morning that they have entered into a sale-leaseback agreement with Ship Finance for eight Capesize vessels, and the total sales value is $ 272 million.
In addition reports that they will sell four Capesize newbuildings to a third party at a price that is in line with the original contract price. Stock climbs 4.06 percent to 43.60 dollars.
Another Fredriksen company, Seadrill, depreciates 1.51 percentage to 88.00 kroner. Broker giant Citi has Monday downgraded the stock from neutral to sales, and cuts while the price target from 76 to 72 million, and believes the market valuation does not reflect the balance risk and the increasingly weak outlook.
New product
Navamedic is now launching a new product in the Nordic markets, Florinef. They expect annual sales of the product of over three million.
The share rises Monday 2.17 percent to 11.75 dollars.
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