Monday, February 2, 2015

Rally in oil shares on Oslo Børs – HegnarOnline

Rally in oil shares on Oslo Børs – HegnarOnline

When burnt oil price shortly after lunch rose to $ 55.34 in the sports market, hung Oslo Stock Exchange at the rally. Oil prices fell temporarily back throughout the day, and a barrel of burning was traded for $ 53.05 in the spot market when the Oslo Stock Exchange closed. This corresponds to an increase of 1.07 percent in the current day.

Today and Friday rise in oil prices came after Baker Hughes presented figures showing that onshore oilfield in the United States fell sharply IgE week and that oil companies have chosen to take around 100 new rigs out of production.

Morgan Stanley avdarer market against being “too excited”. Broker giant shows that the rigs that are taken out are those that are least profitable and least productive, and that the relationship between rig count and production expectations therefore not unique.

The main index on the Oslo Stock Exchange ended Monday up 0.94 percent to 601.80 points. Statoil rose 5.14 percent to 135.00 kroner.

Most other oil-related shares of any size hung on the oil-run rally that started around lunchtime. Fred. Olsen Energy rose madcap 14.3 percent, while The Norwegian oil company was up 10.5 percent. Subsea 7, PGS and Aker Solutions rose respectively. 8.73, 7.23 and 6.34 percent. Seadrill that was current third most traded stock, had an increase of 5.65 percent to 87 million. TGS and DNO was up between 3 and 4 percent.

English, SAS and RCL which is served by lower oil prices went in the opposite direction and fell respectively. 5.03, 2.56 and 4.58 percent.

Deep Sea Supply announced rate update for the month of January and reported 2 PSV contracts. Shares rose 12.22 percent to 4.59 million.

According to estimates by Morgan Stanley, the entire 13 to 18 percent of the VLCC fleet will be used for the storage of oil by the end of second quarter 2015. The brokerage predicted day rates against $ 50,000. Frontline which also reported completed share issue according previously announced agreement, was up 8.70 percent to 20.00 dollars.

Bergen Group has purchased Mountain Industries Sotra with 40 employees. Price is unknown, and Bergen Group shares ended the day unchanged to 2 million.

TTS has been contracted on a ship transfer system. The value stated to be 23 million. TTS stock fell back throughout the day and ended down 0.22 percent to 4.59 million.

Q-Free announced contract in the US value of NOK 14 million. Shares rose ended unchanged at 9.17 million.

Scana Industrier has sold Scana Steel Söderfors. The sale will inflict Scana Industrier an accounting loss of NOK 100 million. The price tag for Scana Steel Söderfors was 30 million Swedish kronor based on EV with cash and debt free. Scana shares ended the day up 6.93 percent to 1.08 million.

Siem Offshore has put in place a bank loan of 350 million euros to build two intervention vessels in Germany. The vessels were ordered in February last year, to be delivered in February and July 2016. The vessels will be built by Flensburger Schiffbau-Gessellschaft, a shipyard as the main shareholder in Siem Offshore, Siem Industries, acquired in September. Siem Offshore shares rose 8.80 percent to 2.35 million.

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