Oslo Stock Exchange falls as expected from the start Tuesday. After a few minutes trade is the main index of 585.54, down 0.69 percent.
– The Asian bourses ended down Tuesday, which will affect the stock market opening in Europe today. Investors chose to sell shares after the Bank of Japan decided to keep quiet during the night monetary policy meeting. Having said that, later in the day it starts two-day monetary policy meeting in Fed (the US central bank). The outcome of this will mean significantly more than any other monetary policy meetings. Whether the process of raising interest rates in the United States continues or not is the big question. Featured events today; Macro: PPI, Retail sales, Empire state index (USA) , writes chief analyst Roger Berntsen in today’s morning report from Netfonds.
Oil prices fall
Oil prices fall Tuesday morning. By trading hours traded a barrel of Brent oil for $ 38.77, down 1.92 percent.
WTI oil is also down 1.96 percent to $ 36.45 a barrel.
in comparison, a barrel of North Sea oil traded at $ 39.07 at the close of trading Monday.
Statoil
the election committee in Statoil recommends according to a stock exchange announcement on Tuesday that the company’s corporate assembly appoints Jeroen van der Veer to new member of Statoil’s board.
“Jeroen van der Veer was CEO of the international oil and gas company Royal Dutch Shell Plc (Shell) in the period 2004 to 2009, when he retired. Van der Veer then continued as a board member of Shell until 2013. He joined Shell in 1971 and has experience in all areas of its operations, “the statement said.
The stock is down 1, 15 percent to 129.10 kroner from the start.
Comprehensive refinancing
Songa Offshore, where Frederik W. Mohn Perestroika AS is the majority shareholder, plans to issue a convertible bond issue of $ 100 million, with an option to increase the loan to $ 125 million, according to an announcement made by the company Tuesday.
The company will also complete a placement of up to $ 25 million, to 0.15 million shares, writes TDN Finans. Both measures are part of a comprehensive refinancing. “The new convertible bond is partially guaranteed by a bridging loan of $ 91.5 million, which has been fully subscribed by the company’s shareholders,” it says.
grips taken to ensure liquidity and operation of the last Cat -D-rig currently under construction in South Korea, it appears from the stock exchange release.
Songa Offshore has also received notification from Statoil that it has exercised its right to reduce the contract for the “Songa Equinox “and” Songa Endurance “, it is stated in a message.
for the former, the contract is reduced by 347 days, whereas for the” Songa Endurance “will contract cut by 184 days.
Statoil’s drilling contracts is the requirement that the customer has the right to shorten the duration of the contract equivalent to approximately the time the rigs has been delayed compared to the agreed delivery date.
the share falls entire 65.79 percent to 0.26 million the news, and with the obvious biggest loser from the start.
during the opening trade the stock has been down to all-time low of 0.22 million, representing a drop of 71 percent from yesterday’s closing at 76 ear.
at 26 cents, the company is priced at 227 million. Before today’s fall had stock fell 99.11 percent from the peak.
Opera
Opera informs in a press statement Tuesday that the company at a time have been in talks to sell its TV business.
According to the notification, however, has no agreement has been made and it is not certain that it will be completed a sale.
Golden Brick was informed about the process before it bid for Opera. A potential sale of its TV business will be conducted on terms that will not affect the bid, it appears the message message.
The share falling 0.15 percent to 66.90 crowns.
red heavyweights
There is very little positive to trace among the most traded shares in the morning. Only Norwegian excels in plus, with a rise of 0.26 percent to 312.10 kroner.
The share that Norwegian Hydro, DNO, Seadrill and Subsea 7 falls all by 2-3 percent.
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