Wednesday, June 29, 2016

Full speed up the exchange – solid rally Wednesday – OBI Online

Oslo Stock Exchange rose as expected from the start on Wednesday. After 25 minutes of trading was the main index up 0.8 percent to 592.12. The reason was a rise in Asia this morning and rising oil prices.

Since then, the arrows pointed to a road, and the main index ended up 2.10 percent 599.68.

Also in Europe rising markets marked. DAX in Frankfurt was up 1.29 percent, the FTSE 100 in London rising 2.47 percent, while the CAC 40 in Paris put on 2.14 percent.

Crude rises towards $ 50

A barrel of Brent oil are writing to $ 49.82, up 1.14 percent. It is just over a dollar more than at the close of trading Tuesday. The price has picked up after it was released US oil inventory figures Tuesday night. API figures showed a reduced inventories by 3.9 million barrels last week.

Statoil ended up 3.42 percent to 142.10 kroner.

Statoil has signed an agreement on delivery of services from the Rogaland based company IKM Testing.

Thus, the agreement may be IKM’s biggest ever, writes pursuits.

The agreement includes services supplying nitrogen, steaming and mechanical and chemical cleaning.

– we hope for a value between one and two billion, says CEO Ståle Kyllingstad within the IKM Group.

Deep Sea Supply get three contracts

John Fredriksen- company Deep Sea Supply announces three new time charter contracts for PSV is in Egypt. BP Egypt’s principal.

Deep Sea Supply rose entire 12.00 percent to 1.40 million on Wednesday.

More Fredriksen

Marine Harvest, where also Fredriksen’s largest shareholder, was currently number two on the turnover list. Shares rose 2.18 percent to 145 kroner.

DNB Markets recommends purchase of the Marine Harvest and Grieg Seafood. Sistnevte was up 4.63 percent to 56.50 crowns.

Also Fredriksens Archer excellent positively. Here the increase was 4.33 per cent to 5.30 million. Frontline rose 1.28 percent to 67.45 crowns.

TGS-examination

TGS has started up North West Shelf Renaissance 2D seismic survey northwest of Australia.

the survey covers 8.000 km.

TGS ended up 3.45 percent to 131.90 kroner.

Skandiabanken-gain

Skandia Bank’s share of the first portion of the cash consideration related to Visa’s purchase of VISA Europe is confirmed to 24.5 million euros.

Effect on income before taxes of the first part of the consideration will be in amount of NOK 230 million, which is more than the bank’s previous estimates.

the stock was up 3.41 percent to 53 million.

Borregaard

Borregaard reported that they and Rayonier Advanced Materials has completed analyzes related to a new lignin factory in Florida. Late Tuesday night announced Borregaard that an investment decision expected to be performed by the boards of companies in the second half of 2016.

Borregaard climbed Wednesday 3.64 percent to 64 million.

Says up over 150

Dolphin Drilling says according Offshore.no up over 150 employees.

– I can confirm that we are immersed in a new downsizing round that affects just under 140 offshore employees and 25 on land, says manager Espen Kristoffersen union Industri Energi Dolphin Drilling to the site.

Missing mission Borgland Dolphin rig will be the background for the cuts.

– We’re in the middle in the process and can not at this time confirm the number being affected, says CFO Hjalmar Krogseth Moe parent company Fred. Olsen Energy, to the site.

FOE fell 6.79 percent to 24.70 kroner Wednesday.

Share Tip

Citigroup cuts price target on Schibsted from 255 to 250 million, Reuters reported. Simultaneously cuts Barclays Gjensidige Forsikring to “underweight” while the price target cut to 129 million.

Schibsted rose 0.57 percent to 248 kroner, while Gjensidige rose 2.52 percent to 138.50 kroner after being in minus earlier in the day.

Ex-day in BW Offshore

BW Offshore was down 68.97 percent to 18 cents, but be aware that share was quoted ex-emptive rights.

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