In the wake of the upturn on Wall Street Friday and in Asia Monday morning, opened the Oslo Stock Exchange up, and the main index stood at its peak in 590.79.
After a half hour trading, however, the exchange dropped a good part back, and the main index now stands at 585.31, up 0.05 percent. So far traded shares 807 million.
Oil prices
Brent oil falls Monday 1.63 percent to $ 39.73 a barrel, while WTI oil is down 2.00 percent to $ 33.73 a barrel.
In comparison, a barrel of North Sea oil traded at $ 40.79 a barrel at the close of trading Friday.
The Iranian oil minister Bijan Namdar Zanganeh said according to TDN Finans before 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 US has fallen to its lowest level since December 2009. during the week leading up to March 11, the number of rigs with 6 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.
Oil Minister Zanganeh, according to TDN Finans meeting Russian Energy Minister Alexander Novak Monday without place or time for the meeting was specified. Novak is currently leading the business delegation in Tehran.
Statoil falling 1.00 percent to 128.20 kroner.
Tung keepers
There are now mixed mood among the most traded shares. Most climbs Fredriksen shares Marine Harvest and Frontline, which is up respectively 2.10 and 3.75. The former is also present hitherto most traded, and it is currently traded shares in Marine Harvest 89 million.
Otherwise rises DNB 0.66 percent, Norwegian Hydro is up 0.12 percent, and Telenor climbs 0 , 36 percent. Yara rising 0.33 percent, while Norwegian is up 1.07 percent.
Seadrill depreciates 2.49 percent and DNO is down 2.09 percent.
We Please note that Periscopus by Trygve OBI owns four million shares, representing a stake of 0.9 percent in Marine Harvest.
Economic potential
Nordic Mining reports Monday morning that Keliber, a company they own 25 percent of, has completed a pre-study linked to their lithium project in Finland, which now indicates a significant economic potential.
Referring to a preliminary net present value of 92 million euros, based on a discount rate of eight percent, with an IRR of 20 percent and an annual output of 9,000 tons.
Nordic Mining climbs 4.05 percent to 0.77 million.
New contract
Also, Q-Free markedly increase Monday morning, and the stock is currently up 6.02 percent to 9.86 million.
the company reports that together with Telekom Slovenije is assigned an RFID contract in Slovenia to total value of NOK 940 million of veiselskapet DARS. Q-Free’s share is 470 million.
Boss stockpiling
The CEO of Höegh LNG, Sveinung JS Støhle purchased Friday 2500 shares in the company at a price of 88.9849 million.
the share rises Monday morning 2.83 percent to 90.75 crowns.
non acceptance
indebted Norwegian Forest were unable to get a satisfactory number of acceptances for its swap from the owners of the bond loan maturing in 2016, and expanding therefore the acceptance deadline to March 21.
More than 40 percent of obligasjonsierne have given their acceptance, but the company requires approval from at least 90 percent in order to implement the planned rescue plan.
the share falling 1.57 percent to 1.88 million.
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