Monday, March 30, 2015

Winner stock on the exchange jumped 22 percent – HegnarOnline

The main index on the Oslo Stock Exchange climbed 0.50 percent today before it stopped at 619.54 points. It was traded shares for 2.7 billion.

During the last month the main index put on 0.63 per cent while it is up 7.55 percent so far this year.

Oil
The so-called 5 + 1 group (the US, UK, France, Germany, Russia and China) have negotiated with Iran on its nuclear program since 2013. An eventual agreement on a nuclear agreement will be felt well into the oil market.

With its nine percent of the world’s proven oil reserves, Iran is a dormant oil giant, and a nuclear deal could open up massive foreign investment.

– This may prove to be a potential “game changer” for the industry, wrote commodity editor Andrew Critchlow in The Telegraph in a commentary published yesterday.

– An agreement to drop Iran till bake the international community could easily trigger a further sell-off towards levels around $ 20 a barrel, he adds.

A barrel of North Sea oil sold for $ 55.91, down 0.89 percent.

Statoil
Statoil announced today a new gas discovery offshore Tanzania through exploration well Mdalasini-1.

The discovery of further 1.0-1.8 trillion cubic feet gas present in Mdalasini-1 well increases the total present volumes in block 2 to about 22 trillion cubic feet.

Mdalasini-1 discovery is located in the southernmost part of the block on 2296 meters of water. The new gas discovery was made in sandstone layers of tertiary and Cretaceous age.

Statoil ended Monday at 142.90 million after a decline of 0.35 percent.

Yara
Board of Yara International has appointed Svein Tore Holsether as the company’s new CEO. He succeeds acting CEO Torgeir Kvidal and joins later than 1 October 2015.

Holsether is currently the CEO of Sapa Group, a position he has held since 2011.

Yara climbed 1.41 percent to 415.70 dollars.

Byggma
Sunday night sent Byggma out a notice that it was Saturday signed an agreement with Bluebird Holding AS for the sale of 100 percent of shares in Fibo-Trespo AS and formica International Limited.

Bluebird Holding AS is wholly owned by FSN Capital Fund IV.

The total purchase price for the shares is 440,600,000 million based on the companies’ balance sheets December 31, 2014.

Byggma jumped entire 21.82 per cent to 67 million. Monday’s highest price was 73 million.

The Company’s prime
Company’s prime bought land at Fornebu in Bærum to about 160 homes. The first homes will be ready for sale in late 2015.

The share gained 1.10 percent and ended at 27.60 dollars.

Biotec Pharmacon
employee representative Gerd Nilsen of Biotec sold Friday all its 11,056 shares in the company at a price of 18.10 per share.

However, she has options.

The stock fell 4.92 percent to 17.40 dollars.

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