News sent several stocks aloft – OBI Online

The main index on the Oslo Stock Exchange climbed today 3.22 percent before ending at 539.15 points. It was traded shares for four billion.

Large company DNB, Telenor and Yara gained respectively 6.32 percent, 2.18 percent and 2.85 percent.

during the past month, the Oslo stock Exchange fell 0.56 percent while the main index is down 11.65 percent so far this year.

Oil

A barrel of oil sold for $ 34.34 , up 1.03 percent. The upturn came, according to The Wall Street Journal and TDN Finans Friday night, following speculation that the world’s largest oil exporters will be able to cut production.

On Thursday night announced the Minister of Energy of the United Arab Emirates that members of Opec is “ready to cooperate, “assuming” total cooperation with all other “outside the oil cartel.

– every time someone stands up and says ‘we are willing to cooperate’, comes an instinctive reaction in the market to buy. Prices have fallen so much that people do not want to end up selling at the bottom, says broker Liquidity Energy in New York, Peter Donovan, said.

Michael Tran, commodity strategist at RBC Capital Markets, says according to TDN Finans that there will be a lot of noise in the market over the coming months, but that he did not envisage any major changes in the short term.

Statoil climbed 3.24 percent to 117.90 crowns, DNO let wearing 10.31 percent, while the Norwegian oil company could point to a rise of 0.86 percent.

PGS

the earnings season continues and Petroleum Geo-Services was one of the companies presented fourth quarter results Monday morning.

Oil services company delivered as expected bright red numbers. The promises, however, guidance for operating investments in 2016 from 240 million to 250 million crowns, and also report that they have booked into around 100 percent of the 3D fleet capacity in Q1, 2016.

– We are healthy compared with those three other major seismic companies, in terms of what we can get out of the library. Here we have lower impairment risk than the others, said CFO Gottfred Langseth during its presentation Monday.

Pareto Securities writes that interim was largely as expected, but that the order intake was good. They further show that the company maintains its guidance for 2016 and writes that only small adjustments to our estimates.

“Overall, it is positive to see repayment of the revolving credit facility given the uncertainty of the cash flow for 2016,” writes Pareto, which will maintain buy recommendation but has price target of 45 million “under consideration”.

the share jumped entire 14.06 percent to 24.34 crowns.

Selvaag Bolig

Selvaag Bolig has however delivered solid 4Q, despite the fact that they were weaker than in the same period last year.

in addition, reports Board of Selvaag that they now propose a dividend for the second half 2015 of NOK 0.80 per share. For the year will yield be NOK 1.50 per share, compared with NOK 1.20 per share in 2014.

The stock fell 1.22 per cent to 24.20 crowns.

Hexagon

Hexagon Composites has now agreed to buy 67 percent of a Brazilian company that supplies fuel assemblies for buses and heavy trucks.

the remaining 33 percent of the company will be owned by Tony Bermudo and the initial purchase price is a million dollars. Hexagon will eventually increase its ownership to one hundred percent for an earn-out model.

The share climbed 5.73 percent to 20.30 crowns.