Shortly after the current trading began on the Oslo Stock Exchange’s main index 613.76, down 0.32 percent.
– The US stock markets fell back Friday night. Investors now fear that the central bank (Fed) will raise interest rates earlier than expected due to a bright strong job market, writes Netfonds in Monday’s report.
Oil / Statoil
A barrel of North Sea oil sold for $ 58.59, down 0.15 percent.
According to Bloomberg News and TDN Finans, reduced drilling activity among US shale oil producers to strengthen the notion that companies are cutting production in a situation of excess supply in the oil market.
Statoil rising 0.77 percent to 143.70 dollars.
Prosafe
rig company Prosafe report a profit after tax of $ 51 million in Q4 2014 against $ 59.7 million in the same period last year.
According to Reuters, it was expected a profit of $ 56 million.
Revenues amounted to 154.1 million, compared with $ 134.8 million in Q4 2013.
The estimate was 152 million.
The Board proposes a dividend of $ 0.48 per share.
The share rises 2.55 percent to 24.10 dollars.
DNB
Berenberg jacking up the price target on DNB from 125 to 130 per share and repeats according TDN Finans purchase recommendation.
The dividend ratio DNB surprised, believes brokerage.
Also Citi repeat purchases recommendation on DNB. Course goal is 140 million.
On Monday morning traded DNB for 119.90 million, down 0.50 percent.
Norwegian Forest
Norwegian Skog reported Monday morning about changes and expansion of the exchange offer for the company’s existing debt.
Norwegian Forest extends while the deadline for responses to 20 February.
The share rises 9.04 percent to 5, 91 million.
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