Right down on the Oslo Stock Exchange – OBI Online

At lunchtime is the main index on the Oslo Stock Exchange in 578.50 points, down 1.62 percent. It is so far traded shares for two billion.

Petroleum / Statoil

A barrel of oil sold for $ 39.16, up 1.14 percent. Oil prices continue thus rise after US oil companies according to Bloomberg News and TDN Finans last week reduced the number of active drilling rigs for the lowest level in more than six years .

Figures from the US CFTC shows that hedge funds reduced their salgsveddemål in the fastest pace in ten months, in a situation where the prospect of oil prices in the 20s fades.

According to news agency contributes however, increasing oil stocks to dampen the recovery. The Russian Energy Minister Alexander Novak confirmed Friday that major oil producers will meet in Russia, Doha or Vienna during the period March 20 to April 1 to discuss a freezing of production.

Statoil falls 0.97 percent to 132.50 million.

Seadrill

John Fredriksen’s Seadrill topped Friday winners on the Oslo stock Exchange with a rise of 21.2 per cent throughout. Monday climbs share further, and is now up 28.98 percent to 37.65 kroner. Earlier today, the stock was up to 49 million.

Trygve OBI and analysts guest Tomas Middelthon said during Friday’s broadcast on HegnarTV that there probably is a short squeeze that is causing Seadrill rising so violently.

– I think there are two things: the price of oil has gone up quite a bit, from 30 to 37 dollars. Secondly today is that Noble has bet on buying back bonds in their own company, said analyst Johan Power Carnegie told Reuters Friday.

Other Fredriksen stocks rise sharply on Monday morning. Archer is up 35 percent, Deep Sea Supply climb 32.43 percent, Golden Ocean is gaining 11.25 percent while Frontline rising 0.62 percent.

Norwegian Hydro

Norwegian Hydro maintains that they do not see any indications that the company has acted in violation of applicable laws, rules or policies in Tajikistan. The company delivered Monday morning a statement on the matter for Industry and Fisheries Ministry.

There is emphasized that trade in Tajikistan has been thoroughly assessed along the way.

The share falls 2.70 percent to 34.96 crowns.

Songa Offshore

Songa Offshore has come with an update Monday morning .

Furthermore, it has been known that Christen Sveaas’ Kistefos Investment sells 9.7 million futures-funded shares in Songa Offshore.

Following the transaction Kistefos aS and Kistefos Investment aS, which are related companies, contracts on purchase of total 40,290,252 shares in the company, equivalent to 4.61 percent of the company.

the share climbs 7.32 percent to 0.88 million.