Extreme Frontline waterfalls on the Oslo Stock Exchange – HegnarOnline

Extreme Frontline waterfalls on the Oslo Stock Exchange – HegnarOnline

Oslo Stock Exchange was expecting something down Tuesday in the wake of new price bottoms on oil. The answer shows a nervous development, where it has fluctuated between plus and minus. After 23 minutes trade is the main index up 0.3 percent to 575.18 ..

The main index has fallen by 0.1 percent so far this year.

Should we fix the interest? Today’s guest in HegnarTV Peter Batta in Huseiernes Association. Follow with kl. 15.30 on www.hegnar.no

Looking oil 30s
Analysts at Goldman Sachs says that the bottom of the oil market is not reached.

The US light crude is down 3.4 percent to $ 44.50 a barrel. It is the lowest oil prices since the spring of 2009. Brent oil traded 46,78dollar, down 3.9 percent.

Analysts at Goldman Sachs believe the price of US light crude may fall down to $ 39 a barrel within a half years. Also North Sea oil will continue to fall in value because of a saturated market, according to analysts.

– Short Statoil
On the New York Stock Exchange explodes short interest Statoil shares .

– I understand well, said John Olaisen in ABG Sundal Collier Finansavisen Tuesday.

– Historical Statoil been priced at between 8 and 12 times the estimated twelve month earnings. If one is kind and says that it should be priced 12-time opportunity, so the company must earn 10 kroner. share. But if Statoil will manage it must be oil prices around $ 85 per. barrel. This screams out a short, says the analyst said.

Statoil is down 0.6 percent to 124.80 dollars.

Capital of TGS
TGS-NOPEC reports that quarter revenues in the fourth quarter was a record high. They are according to the company waited in at around $ 298 million, up 10 percent from the year before.

Analysts had expected revenue of $ 251 million, according to TDN Finans.

The expected revenues of approximately $ 915 million throughout 2014, up four percent from 2013. Previously guiding was 870- $ 950 million.

TGS expects revenues of approximately $ 750 million in 2015 and an operating profit of about 260 milllion dollars.

It is proposed that a dividend of NOK 8.50 per share.

TGS rising 2.4 percent to 160.20 dollars.

DOF Subsea contracts
DOF Subsea, a subsidiary of DOF ASA, has been awarded several new contracts

and has been extended existing contracts from key customers in the Asia region.

DOF rising 1.8 percent to 14.25 dollars.

Tank Lines surging forward
Tank shipowners Frontline Thoughts and Investments is up 14.3 and 7.1 percent. Frontline is thus completely up in 37.50 million.

Frontline ended nine percent higher in New York than in Oslo Monday. At three months, Frontline risen amazing 317 percent. So far this year the stock has gone 100 percent. The many brokerages who suggested Frontline as New Year rocket can cheer.

Albert Collett has taken Thoughts Investments into its ukeportefølje.