Oslo Stock Exchange opens down Monday morning.
In just over 20 minutes’ trade is the main index of 564.26, down 0.37 per cent, and it is so far sold shares for 258 million.
Oil prices
Brent oil rises Monday 0.25 percent to $ 35.53 a barrel, while WTI oil is down 0.21 percent to $ 32.71 a barrel.
In comparison, a barrel of North Sea oil traded at $ 36.48 a barrel at the close of trading Friday.
despite the upturn traded thus North Sea oil for far less than when the Oslo stock exchange closed before the weekend.
according to Bloomberg News and TDN Finans muted price fall in February that US drilling companies last week reduced the number of active drilling rigs to the lowest in more than six years.
the rig count fell by 13 to 400. This is the tenth week in a row of decline.
the proposal by Saudi Arabia and Russia to freeze production is feasible, and prices will rise to 50 dollars per barrel by the end of the year, said Nigerian oil Minister Emmanuel Ibe Kachikwu CNBC .
– Oil prices have remained fairly stable over $ 30. There is no strong basis for a particularly large increase, but the worst selling pressure may be over. It does not seem likely with some greater commitment from Iran, with regard to freeze proposal, says an analyst at IG in Melbourne, Angus Nicholson, to the news service.
Statoil is unchanged at 124.30 million.
Last phase
In the run-off earnings season for Q4 has a number of companies put forward figures on Monday morning. You can see all here!
John Fredriksen’s Frontline is one of the companies that have put forward figures. Bulk shipping company exceeded analysts’ expectations for the bottom line for Q4, and the stock rises 0.82 percent to 80.00 crowns.
NRC Group Announces a multiplication of both top and bottom line, and are rewarded with a rise the entire 11.38 percent to 49.90 crowns.
Several companies did, however, hit a wall in Q4. Polarcus lost almost 2.5 billion during the quarter, and the stock drops entire 9.91 percent to 1.00 million.
Archer’s shares are down 7.93 percent to 2.67 million after the Monday morning reported a profit blow to the 4th quarter of just over 2.1 billion.
Höegh LNG reported that waited on bright red figures in Q4. The stock falls 1.49 percent to 82.75 crowns.
New owner invests heavily
On Monday morning reports that Mitsui & amp; Co. invests heavily in the Hexagon, while Knut Flakk sells down. The news sending shares up entire 10.26 percent to 21.50 crowns.
Hexagon and Mitsui & amp; Co. signed Saturday an agreement that Mitsui certain conditions subscribe for 33,333,000 shares at a price of 20 kroner. In parallel, Mitsui signed a separate agreement with Knut Flakk-controlled Investment AS to acquire 8,333,321 Hexagon shares for courses 20 million.
Hexagon and Mitsui has also signed a 5-year agreement on strategic cooperation.
New appointment
SeaBird exploration has entered into an agreement for the implementation of a pre-funded multi-client survey in northwestern Europe.
the share rises 5.07 percent to 11.40 crowns.
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