The main index on the Oslo Stock Exchange climbed today 0.77 percent before ending at 589.54 points. It was traded shares for 3.8 billion.
During the last month, the Oslo Stock Exchange jumped 12.87 percent while the main index is down 3.40 percent so far this year.
Petroleum / Statoil
A barrel of oil sold for $ 39.07, down 3.27 percent.
The Iranian oil minister Bijan Namdar Zanganeh said according to TDN Finans before the weekend that the country will increase its oil production to four million barrels per day, before it would consider joining other manufacturers in an attempt to rebalance the market.
Statistics from Baker Hughes showed on Friday that the number of active drilling rigs in the US has fell to its lowest level since December 2009 . During the week leading up to March 11, the number of rigs with six to 386.
– There is a downside risk to prices if Iranian production is picking up much faster than the market expects. Oil has pretty good upward force, but there is still a tremendous amount of stock that must be cleared, says an analyst at IG in Melbourne, Angus Nicholson, to Bloomberg News.
Statoil gained 0.85 percent and joined thus 130.60 million.
Marine Harvest
Monday climbed Marine Harvest 3.88 percent to 128.50 crowns, which is a new record high.
the shareholders of Lerøy Seafod, Norway Royal Salmon, Grieg Seafood, Salmar, Austevoll Seafood, the Scottish Salmon Company and NTS could also enjoy time highs.
last week raised Nordea Markets price target on all breeding stocks, including on Marine Harvest (from 150 million to 155 million).
the strategists expect to see a global supply shock, which will send prices of Chilean salmon sharply and with the support also the high prices of Norwegian salmon.
it is expected in addition that more European salmon shipped to the US market, where a fordelaktjg currency (USD / EUR) favors US buyers.
Please note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest
Aker Solutions
Further 600 jobs lost in Aker Solutions. According Offshore.no be downsizing happen subsea business.
The cuts will probably happen at the facilities at Fornebu, Moss, Tranby and at Ågotnes.
Monday endorsed the stock at 27.30 million, unchanged from Friday’s listing
Q-Free
Q-Free and Telekom Slovenije has been awarded a toll contract in Slovenia to total value of NOK 940 million of veiselskapet DARS. Q-Free’s share is 470 million.
The news sent Q-Free up 6.02 percent to 9.86 million.
Norwegian Forest
Gjeldtyngede Norwegian Forest unable to get a satisfactory number of acceptances for its swap agreement from the owners of the bond maturing in 2016, and expanding therefore the acceptance deadline to March 21.
More than 40 percent of bondholders have given their acceptance, but the company requires approval from at least 90 percent in order to implement the planned rescue plan.
the stock fell 8.38 percent to 1.75 million.
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