Friday, March 18, 2016

Stock Exchange up 15 percent in 5 weeks – revenge for terror shares – OBI Online

Oslo Stock Exchange rose broadly on Friday afternoon. The main index ended up 0.8 percent to 590.28. The reason for the increase was primarily the oil price rising to levels close season best.

At the current upswing is the main index only down 3.3 percent since January. The return last month of 6.4 percent. Did you meet the bottom of 513 points intraday on February 11, you can enjoy a return of 15 percent!

Turnover was 5.0 billion, as a result of billion trade in Statoil and Lerøy.

Crude

the price of Brent oil rising 1.8 percent to $ 42.30 a barrel, while WTI oil is up 1.0 percent to 42, $ 09 a barrel.

in comparison, a barrel of North Sea oil traded at $ 41.12 a barrel at the close of trading Thursday.

– This week’s announcement from the Federal Reserve, and the depreciation in the dollar has strengthened commodities in general, and oil have served on this (…) Prices approaching however levels where a number of swing producers start getting profitable operation again, says an analyst at IG in Melbourne, Angus Nicholson, to Bloomberg News, according to TDN Finans.

North Sea oil is set to rise for the fourth consecutive week in a row the longest continuous recovery of around one year. Reuters reports that the rate is driven by increasing optimism about the major oil producers will reach agreement on a deal to freeze production at January levels.

Statoil gained 1.5 percent to 135.50 kroner. Less than two months ago you could have taken stock of the 100-tag. Turnover was 1.177 million.



Dumper Lerøy shares for one billion

Lerøy Seafood today’s second most traded stock, after Austevoll Seafood has sold 2.75 million shares in the company at a price of 355 kroner. Leroy fell 0.3 percent to 383 kroner. Turnover was 1.064 million.

Austevoll announced Friday also that the Board proposes a dividend of NOK 7.00 for 2015. The stock rose 5.8 percent to 68 million.



revenge for terror stocks

  • Songa Offshore ended loud on the winners with plus 17.2 percent to 34 cents. Turnover was 9.3 million. From the peak in 2008, the stock plummeted entire 99.6 percent.
  • Seabird could point to a rise of 14.7 percent to 12.50 million. Here’s downturn around by 100 percent compared to the all time high of 435,000 kroner (adjusted for splices) November 6, 2006
  • REC Silicon rose 12.4 percent to 1.47 million. Here is the downturn of 99.5 percent from the peak.

Jens Ulltveit-Moe is Chairman of Rec Silicon, and has for years been involved in the solar sector.

– I acknowledge that I was a bit early to go into the industry, but now I’m straight, said Jens Ulltveit-Moe Dagens Næringsliv under Swedbank’s annual energy conference in Oslo on Thursday.

Updates DNO and the Norwegian

DNO published Friday morning figures for its reserves at the end of 2015. They show that the company’s proven and probable reserves (2P) on working interest basis (CWI) is estimated to 392 million barrels as of December 31.

This is a decrease from 484 million barrels at the same time in 2014.

DNO share fell 1.7 percent to 6.91 million .

Also, the Norwegian came with spare update. Shares rose 4.3 percent to 63.90 crowns.



New Appointment for Sevan Drilling

Sevan Driling climbed 4.2 percent to 2.71 million .

Upstream writes according to TDN Finans that Seadrill has entered into an agreement with Shell for Sevan Drilling “Sevan Driller” for a contract of up to four months offshore Brazil, referring to a “well-informed source”.

the contract has a fixed term of 60 days and has options on a further two times 30 days.

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