Thursday informed DNO on production and future prospects for Tawke field after parts of the pipeline Kirkuk-Ceyhan were destroyed Monday. The message sent DNO shares up over five percent to a closing price of 8,225 kroner.
– All else being equal, it is negative for DNO that the pipeline is blown up and out of service. Province Sirnak is completely bordering tawke field. The geopolitical risk has fluctuated from bad to worse in a short time, said Swedbank analyst Teodor Sveen Nilsen to Dagens Næringsliv.
– The share price has been weak in recent days, so it is a reaction to it. Second reason is that the operations are going well. Thirdly because the company will now sell more oil locally, says Sveen Nilsen.
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