Investment Director lifted shares on Oslo Børs – OBI Online

The main index of the Oslo Stock Exchange fell today 0.51 percent before ending at 592.22 points. It was traded shares for 3.3 billion.

During the past week, the Oslo Stock Exchange put on 1.28 percent while the main index is down 2.96 percent so far this year.

– This week starts earnings season here at home too full. This will most likely affect the stock market developments over the next few days, beating chief analyst Roger Berntsen stuck in Monday’s report from Netfonds.

Oil

A barrel of oil traded 45 01 dollars, down 0.22 percent.

the reason for the price decline, according to Bloomberg News and TDN Finans signs that the supply surplus in the oil market will persist, because the manufacturers in the Middle East increases the production.

Saudi Arabian oil will by the end of May, completing an expansion of oil field Shaybah, which means that the total capacity of the world’s largest oil exporter maintained at 12 million barrels per day.

Statoil

Statoil is entering the German offshore wind market by buying a 50 per cent interest in offshore wind farm Arkona.

Total investment in the project is estimated to be in excess of 1.2 billion euros , or 11.1 billion. It brings up a message from the group.

– We are pleased to announce our decision to develop this major offshore wind project along with E.ON. This investment is in line with our strategy to gradually supplement our oil and gas portfolio of profitable renewable energy and other low carbon solutions, says Statoil CEO Eldar Sætre in a message.

The stock fell 1.81 percent to 136 kroner .

Next biometrics

This week release investment Director Stig Myrseth in Dovre Management in biometrics company Next biometrics in the recommended portfolio.

– The industry is very “hot” abroad and nEXT may very well be the stock exchange next Opticom, turn Myrseth firm.

Monday climbed shares 7.94 percent to 136 kroner.

Subsea 7

Subsea 7 reports a British EPIC contract Apache North Sea concerning work on Callater field, 335 km northeast of Aberdeen in Scotland.

the contract is stated to be “sizeable,” which means that it is between 50 and 150 million dollars.

The activities offshore is planned to be implemented in Q1, 2017.

The stock fell 1.09 percent to 72.30 crowns.

Hofseth BioCares

Hofseth BioCares has completed a private placement of 23.6 million, the company said in a statement Friday night.

It is in the placement issued 11.8 million new shares in the company at a subscription price of two crowns per share. Issue was placed with certain existing shareholders and external investors.

Of the 23.6 million crowns are approximately 12.9 million in cash and approximately 10.7 million comes through the conversion of debt.

the Board will propose a subsequent offering to limit the dilutive effect to the private placement.

the share climbed 4.91 percent to 1.71 million.

Havfisk

Havfisk report a profit after tax of NOK 41 million in Q1 2016, compared with 33 million in the same period last year.

revenues amounted to 270 million, compared with NOK 247 million in Q1 2015.

the share ended at 32 million following a decline of 4.48 percent.

REC

Pareto Securities downgrade REC Silicon from buying to hold, but jacking up the price target from 1.30 to 1.50 million, it goes according to TDN Finans forward an update Monday.

brokerage eyes still uncertainty in market access outside China, but believes increased Taiwanese imports of polysilicon is positive – although required discounts probably are large.

REC Silicon presents its figures for Q1 Tuesday 3 May.

Monday endorsed the stock at 1.70 million, up 5.59 percent.