DNO can not escape the red color on the Oslo Stock Exchange and pulls down 2.7 percent to 11.45 kroner Wednesday afternoon.
In our stock comment earlier today we mentioned the statements of Natural Resources Minister Ashti Hawrami of the Kurdish regional authorities in northern Iraq (KRG) that KRG from May will be able to export 600,000 barrels of oil per day, exclusive oil from Kirkuk fields.
The statements fell according TDN Finans in an interview with Rudaw.
An oil price $ 56 will be according Hawrami be enough both to balance the KRG budget and pay international oil companies.
Sends 8 billion in June?
The consequences of this is that Baghdad for the first time have a financial incentive to cooperate with the KRG, writes Pareto analyst Trond Omdal according TDN Finans in an update.
He eyes a possible further budget payment from Baghdad KRG in June, and estimates this to $ 1.1 billion. The estimate is based on the KRG plans for export increase.
Pareto according to news agency DNO as one of two top choices within E & amp; P and oil, purchase recommendation and target price of 27 kroner.
Omdal looks thus upside in the stock at 135 percent from current levels.
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