Oslo Stock Exchange has fluctuated between plus and minus during the morning, but the impact is small. At lunchtime, the main index down 0.09 percent to 612.06.
Companies that have released quarterly noted high on both the winner and the loser list.
Crude
Oil prices fall. North Sea oil now goes for $ 48.63 a barrel, down 0,623prosent, while the price was $ 49.21 a barrel as stock market closed Monday.
Watch the TV broadcast clock 15 30. Where will oil analyst Thina Saltvedt of Nordea Markets take us through the development of oil prices.
Statoil falling 0.99 percent to 130.20 kroner.
Performer Prosafe option
Lundin Norway AS has exercised an option for one month for Prosafe accommodation rig Safe Boreas on Edvard Grieg project on the Norwegian shelf.
The contract is worth 10 million dollar.
Prosafe falling 3.15 percent to 21.50 kroner.
Awilco straight up despite torpedering
Danske Bank Markets raises price target on Höegh LNG from 130 to 200, and retains buy recommendation, it goes according to TDN Finans forward an update Tuesday.
According to the update is the global capacity for converting gas to LNG likely to grow at least 54 percent, while lower prices are expected to make a strong push in LNG demand.
Danske believes according to news agency that Höegh LNG is “uniquely positioned” with its FSRU’s (Floating Storage & amp; Regasification Units).
The same brokerage hammering however price target on Awilco LNG down from 17 to five million and downgrades from buy to sales. The fear is that the company may run out of cash in mid-2016 if it is not sold one of its older ships.
Höegh LNG rising 4.64 percent to 124 kroner, while Awilco LNG exceeds 11.94 percent to 7.50 million.
New Norwegian routes
Norwegian continues to offer new destinations between the US and Scandinavia, with new direct routes between Oslo and Boston, Copenhagen and Boston and, as previously announced, London and Boston.
– This is good news for Europeans and Americans who want to fly cheaply and comfortably between the continents, says CEO Bjorn Kjos said in a statement.
DNB Markets raises price target on Norwegian from 400 to 450 crowns per share
The stock is up 1.94 percent to 373 kroner.
GIG-profit
Gaming Innovation Group (GIG) reports a net income of 0.8 million euros in Q2 2015, compared to minus 0.1 million euros in the same period last year.
– Other quarter has been eventful and GIG has made considerable progress in all business areas. I am very pleased that we can present a positive result in a period characterized by major changes and strong growth. Further underpinning the agreements we have signed recently and generally favorable outlook, the positive outlook we have on the performance of the rest of 2015 and thereafter, said Robin Reed, CEO of GIG.
The market is satisfied and sending shares up 5.92 percent to 1.79 kroner. The turnover was just over nine milllion crowns.
Link Mobility doubles bottom line
Link Mobility posted a profit after tax in Q2 2015 of 7.9 million, compared NOK 3.8 million in the same quarter the year before.
The share rises 0.78 percent to 39 million.
Napatech-minus
Napatech report a profit after tax of minus 5.1 million Danish kroner in 2nd quarter 2015 compared with minus 2.8 million in the same period last year.
The share falling 3.61 percent to 18, 70 million.
Q-Free earns more money
Q-Free reports a profit after tax of NOK 6.3 million in Q2 2015 against 0 , 9 million kroner in the same period last year.
The company is now entering to cut their costs and the company has implemented measures to reduce the cost base by 25-30 million on an annual basis.
Q-Free is down 4.58 percent to 11.45 kroner from the start.
PCI-news
PCI Biotech has completed a successful completion of the third dose with Amphinex the test persons, the company said.
PCI Biotech reported moreover on a profit after tax of minus 6.6 million in Q2 2015 against a loss of NOK 8.1 million in the same period last year.
The stock is at lunchtimes flat at 5.80 million.
Bright Red from Seabird
Seabird report a profit after tax of minus 16, $ 8,000,000 in Q2 2015 against a loss of $ 7.9 million in the same period last year.
Seabird «plunges» 20 percent, ie one cent, to four cents. Share tops the list of losers.
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