Seafood led rally on the Oslo Stock Exchange – OBI Online

The main index of the Oslo Stock Exchange rose 0.66 percent to 622.89 points Monday. It was traded securities scant 1.9 for billion.

Oil prices

Brent 1st position was traded for $ 49.87 a barrel shortly before closing on the Oslo Stock Exchange and is thus down 0.16 percent intraday, but the level of closing on Oslo stock Exchange Friday.

in an assembly conducted by Bloomberg ahead of Opec meeting on Thursday, 27 of 28 analysts no expectations about oil production freeze agreement, according to TDN Finans.

That’s very little expectation of anything from that meeting. Deputy Oil Minister of Iraq said that a freeze agreement will be discussed. But the market seems to balance itself without such an agreement, said oil analyst Trond Omdal in Pareto Securities TDN Finans.

Iran’s production is now close to the level before the sanctions against the country were introduced, and most analysts estimates that both Saudi Arabia and Iran must undertake major investments to increase much more.

-We wait much lower growth rate going forward, says Omdal, who however think Saudi Arabia will seasonally adjust production edged up during the summer months .

Meanwhile, fires in Canada soon under control, and the market expects the 1.2 million barrels a day that has lapsed, will soon be back.

Statoil klatret0,52 percent to 135.80

Seafood pulled exchange

Seafood sector led recovery. Salmar and Grieg Seafood rose more than four percent, The Scottish Salmon Co. and Havfisk were up between three and four percent, while Marine Harvest rose 1.45 percent.

Analysts highlights the news that Icelandic Arnarlax will buy competitor Fjardalax as the most obvious driver of the recovery. Salmar indirectly owns 23 percent of Arnarlax.

-The only driver I look for Salmar is the news from Iceland. I think also that this is not enough to justify such a rise, says analyst Alexander Aukner DNB Markets TDN Finans.

Arnarlax is scheduled to be listed on the Oslo Stock Exchange within one to two years.

oil discovery

Statoil and the Norwegian has made a small oil discovery in the North Sea, where each of the companies has a share of 50 percent. The discovery was made in production license 035. The preliminary calculation of the size of the discovery is between 0.7 and 2.5 million standard cubic meters (Sm3) of recoverable oil equivalents, and found will now be included in the evaluation of a new field development together with previous findings in the area.

the Norwegian oil company ended up 1.40 percent to 79.50 crowns.

Increased revenues

Electromagnetic Geoservices (EMGS) said in a statement that the company is waiting “uplift” -earnings at around $ 9.5 million from data license agreements after 23 round. Revenue will be recognized in the second quarter of 2016.

The share was up most of the day but ended unchanged at 0.17 million.

Have booked into much of 2016

With an increase of 26 percent to 0.63 million was Polarcus stock winner. The company has as mid-May booked 80 percent of capacity for 2016.

According to the company’s 100 percent of capacity booked in Q2 this year, while capacity in Q3 and Q4 are booked respectively 90 and 50 percent.

the total order book for 2016 and 2017 are now at $ 180 million.

Building for 100 million. Western Norway

Etne municipality has set AF Gruppen as contractor for the construction of a new care center in the municipality, it can be seen by a stock exchange release.

this is a turnkey contract valued given to 103 million, excluding VAT. Work will begin as soon as the case is formally treated in Etne council.

AF Group ended unchanged on the Oslo Stock Exchange on Monday to 133.50 kroner.

Getting Money

DNO new Tawke million from the KRG, but fell still 4.57 percent Friday. Monday fetched share something again with a rise of 2.71 percent to 8.90 million.

The regional Kurdish government in northern Iraq (KRG) has reported that the international oil companies will get the second of two partial payments for deliveries for April in late May

Settlement property

Norwegian Forest and Halden municipality have agreed a settlement in the valuation of the company’s factories in Halden. The settlement means that Norwegian Forest Saugbrugs will be reimbursed as lump sum 8.6 million in too much paid property taxes for previous years.

Until the next assessment in 2019 will Saugbrugs pay 12.0 million in property taxes to Halden Municipality each year. To date, the company paid 15.6 million annually in property taxes.

Forest shares stuck up 2.27 per cent to 2.25 million.