Saturday, March 19, 2016

Oil prices sends the Oslo Stock Exchange up – OBI Online

Oslo Stock Exchange rises broadly on Friday afternoon. At 13 o’clock is the main index up 0.7 percent to 569.67. The reason for the increase is primarily the oil price rising to levels close season best.

The turnover has reached 1.5 billion.



Crude

the price of Brent oil rising 1.5 percent to $ 42.17 a barrel, while WTI oil is up 1.3 percent to $ 42.20 a barrel. Oil prices are a scanty dollars higher now than when the exchange opened.

In comparison, a barrel of oil traded at $ 41.12 a barrel at the close of trading Thursday.

– This week’s announcement from the Federal Reserve and the weakening of the dollar has strengthened commodities in general, and oil have served on this (…) Prices approaching however levels where a number of swing producers start getting profitable operation again, says an analyst at IG in Melbourne, Angus Nicholson, Bloomberg News, according to TDN Finans.

North Sea oil is set to rise for the fourth consecutive week in a row the longest continuous recovery of around one year. Reuters reports that the rate is driven by increasing optimism about the major oil producers will reach agreement on a deal to freeze production at January levels.

Statoil rising 0.6 percent to 134.30 kroner.



Dumper Lerøy shares for one billion

Lerøy Seafood is today’s most actively traded stock, after Austevoll Seafood has sold 2.75 million shares in the company at a price of 355 NOK. Lerøy fall 1.6 percent to 378 kroner. The turnover has reached 1.028 million.

Austevoll report Friday also that the Board proposes a dividend of NOK 7.00 for 2015. The stock rises 5.8 percent to 68 million.



Marine Harvest imposed slaughter

Food Safety Authority has now ordered John Fredriksen’s Marine Harvest to harvest the fish in two of its facilities in Feøyvika and Bjørgan in Nord-Trondelag. The reason is repeated infringements of louse limits.

FSA requires the fish to be harvested by March 25, and warns that the company be imposed if the deadline is not met.

The share falls 0.6 percent to 129.20 million.

Please note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest.

Update from DNO

DNO Friday morning published figure for its reserves at the end of 2015. They show that the company’s proven and probable reserves (2P) of working interest- basis (CWI) is estimated at 392 million barrels as of December 31.

This is a decrease from 484 million barrels at the same time in 2014.

DNO share falls 0.6 percent to 6.99 million.

New appointment for Sevan Drilling

Sevan Driling climb 3.9 percent to 2.70 million.

Upstream writes according to TDN Finans that Seadrill has entered into an agreement with Shell for Sevan Drilling “Sevan Driller” for a contract of up to four months offshore Brazil, referring to a “well-informed source”.

contract have a fixed period of 60 days and has options on a further two times 30 days.

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