Oslo Børs is expected opened relatively flat on Tuesday. After a few minutes ‘trade is the main index of 573.08, up 0.10 percent.
“The Chinese central bank lowered banks’ reserve requirements in the night. This was well received by investors in the region, which sent most bourses from minus to plus your message. That said, the central bank’s decision is a response to the recent macroeconomic figures, which have been weak. Featured events today; Macro: PMI Index (EU), Unemployment (EU), PMI Index (US), ISM Index (US). Other: YAR (Capital Markets Day) ‘, writes chief analyst Roger Berntsen in today’s morning report from Netfonds.
Oil prices
On Tuesday morning traded Brent oil for $ 36.98 barrel, up 1.12 percent, while WTI oil rises 1.36 percent to $ 34.21 a barrel.
In comparison, a barrel of North Sea oil traded at $ 36.11 at the close of trading Monday.
Analysts awaiting according to Bloomberg that oil stocks in the United States will have risen by 2.75 million barrels when the US energy information Agency (EIA) Wednesday published figures for the week leading up to 26 February.
– We have seen a recovery, but we are approaching a period of weak seasonal demand, in a situation of high inventories. It is possible we have come as far as it is possible to get, based on the mood. For WTI is a significant resistance level just below $ 35 per barrel, said Ric Spooner, chief analyst at CMC Markets in Sydney, to the news service.
Statoil rising 0.31 per cent to 127.50 million from the start.
Yara
Yara International’s run rate scenario with current prices gives a profit per share of 35 million.
It appears from the material for Yara’s Capital Tuesday, according to TDN Finans.
In 2015 Yara earnings per share 31.5 million. The main difference from 2015 to 2016 is lower nitrogen prices, which offset by a stronger dollar, lower gas prices in Europe and lower shipments compared to capacity.
In the scenario with a urea price of 300 dollars per tonne, “full cost scenario “looking Yara a profit per share of 57 million.
the stock is up 1.86 percent to 344.90 kroner.
Trade for survival
Western Bulk company Bulk Invest risk by a bankruptcy a claim of $ 250 million, equivalent to 2.2 billion. Monday, the Board and management in Western Bulk / Bulk Invest around the negotiating table with a group of Japanese shipowners in Tokyo, writes Dagens Næringsliv.
According to the newspaper will in the coming hours and days decide the company’s fate and its payments are set in pending clarification.
– the company’s future is extremely uncertain, says Managing. Director Jens Ismar the company’s quarterly report, which was presented Monday.
WBULK is not yet traded.
Taking out 380 million.
not all is equally grim in shipping. John Fredriksen get well 380 million in dividends from Frontline and Ship Finance for Q4, according to Dagens Næringsliv.
Frontline surprised with a dividend of $ 0.35 share on Monday, but the average of analysts’ expectations lay some cents lower.
of tank dividend of $ 54.7 million, equivalent to 477 million, accruing 52 percent Fredriksen. Since the merger of the two Frontline shipping companies Frontline and Frontline 2012, he claimed the newspaper have been enjoying the overall yields of around NOK 420 million.
Front Line is down 1.19 percent to 78.70 crowns.
The earnings season continues and Monday night / Tuesday morning, companies Farstad Shipping and Vardia put forward figures. Each performance issues can be found here!
Milliardtap for Farstad
Farstad Shipping reports a profit after tax of minus 1,310.9 million in Q4 2015 against a loss of 225.8 million kroner in the same period last year. According to Reuters were expecting a loss of NOK 66.6 million respectively.
Earnings per share were minus 33.61 million, against a loss of 5.79 million at the same crossroads last year. There were expecting a loss of NOK 1.38 per share.
The result was significantly burdened by Farstad took write-downs of 1,094.6 million in the quarter.
The Board will propose that no dividend be paid for 2015.
in a separate message informs Farstad company has decided to reduce the organization of the office in Ålesund with 26 positions.
the share fall 10.53 percent to 12 , 75 million as the second biggest loser from the start.
Missed less
Vardia report a profit after tax of minus NOK 57.5 million in Q4 2015, compared with minus 85, 1 million kroner in the same period last year.
Earnings per share were minus $ 0.16, compared with minus $ 2.66 at the same crossroads in 2014.
the stock is still down most of all, with a fall of 16.95 percent to 0.98 million.
the deficit rose sharply
Questerre Energy Corporation reports a profit after tax of minus 56.0 one million US dollars in Q4 2015 compared to minus $ 39.1 million in the same period last year.
Earnings per share were minus $ 0.21, compared with minus $ 0.15 at the same crossroads in 2014.
the stock is down 4.92 percent to 1.16 million.
Medistim earns more
Medistim a profit after tax in Q4 2015 12.2 million, against 11.1 million in the same quarter of 2014.
the operating profit for the quarter was 16.0 million, against 14.4 million in Q4 2014.
the share is currently flat at 50.50 crowns.
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