The oil price sends Oslo Stock Exchange up Thursday morning.
After only 30 minutes of trading is the main index of 550.70, up 1.89 percent, and it is so far sold shares for 510 million
Crude
Brent oil falls 0.03 percent to $ 35.03 a barrel, while WTI oil is up 0.34 percent to $ 32.39 a barrel.
In comparison, a barrel of North Sea oil traded at $ 33.03 a barrel at the close of trading on Tuesday.
According to The Wall Street Journal and TDN Finans due upturn that oil traders looked past record high US inventory levels, and drew attention to a weaker US dollar.
Dollar index fell 1.7 percent Wednesday, which is the most since March 2015. that makes oil and other commodities cheaper for investors with other currencies.
Venezuela notified according to news agency Wednesday that six Opec members and two non-members, Russia and Oman, are willing to line up at an extraordinary meeting to discuss production cuts, if such be convened. US oil inventories rose during last week to a record level of 502.7 million barrels.
– Oil made a big jump, but I expect at least one new dive down in the 20th century, before we see any stabilization. Even if you had six manufacturers reduced production, there are so many other manufacturers who can fill the vacant market, says analyst at IG in Melbourne, Angus Nicholson, to Bloomberg News.
Phil Flynn, analyst at Price futures Group, told the Wall Street Journal that the growth of US oil stocks was “a shocking number, but I think that many people knew that a large structure would come.”
Buckets large
Statoil disappointed Thursday morning big with its 4Q, but oil prices still sends giant sharply. Stock climbs 6.78 percent to 116,650 crowns.
The company reported a profit after tax of minus 9.2 billion in Q4 2015, compared to minus 8.90 billion in the same period last year. According to TDN Finans was expecting a profit of 4.04 billion
The board of Statoil proposes Q4 2015 maintained a dividend of $ 0.2201 per share, and the introduction of a two-year program dividend shares starting in Q4 2015.
the other shares in oil and oil climbs. DNO rise 4.68 percent, while the Norwegian oil company, up 4.00 percent.
Subsea 7 rises 2.37 percent, Seadrill is up 2.45 percent, while TGS and PGS climbs respectively 0.41 and 1.80 prosent.Aker Solutions is up 2.80 percent.
Meets predictions
Unlike Statoil redeemed DNB analysts’ expectations for Q4 . It sends shares up 2.37 percent to 99.55 crowns.
Bank put forward the net profit of 6.804 million in Q4 2015, compared to 4.965 million in the same period last year. According to TDN Finans was expecting a profit of 6.719 million.
– This is a strong result for DNB. The result shows that parts of Norwegian industry is still growing despite the sharp drop in oil prices. It also shows that we are an attractive bank for Norwegian retail customers. We received over 170 000 new mortgage deals in 2015, and there is a good growth against the previous year. Overall we are very satisfied with the performance and cost trends, says Rune Bjerke comments.
Earnings Season
Also, some other companies have presented fourth quarter results Thursday morning.
Prosafe reached nowhere near up to analysts’ expectations. The stock opened down but is now up 1.95 percent.
Atea promises however both top and bottom lines, and rising 0.70 percent.
Increased by 9 percent
Norwegian Air Shuttle announces that in January transported 1,756,656 passengers, up 9 percent compared to the previous year.
– we are pleased that we continue to fill planes as well in a lavsesongmåned as January. Traffic growth was stronger international commitment, with domestic flights in Spain and not least the routes between the French Caribbean and the US East Coast. In addition, we have received several passengers on long-haul routes, says Norwegian’s CEO Bjørn Kjos in a statement.
Norwegian rising 2.14 percent to 252.50 kroner.
News
Nordic Mining reported Thursday morning that their associates, Keliber, through several tests have produced lithium battery quality.
the news sends Nordic Mining up 6.90 percent to 0 , 62 million.
No comments:
Post a Comment