Røkke with billion gain in the Norwegian – OBI Online

The Norwegian oil company have risen 84 per cent on the Oslo Stock Exchange this year. Having started at 55 million, passed heading 101.40 million yesterday, Finance writes newspaper today.

Aker’s wholly owned subsidiary, Aker Capital owns 66.93 percent of the company, and has a paper gain of 4 , 7 billion. Kjell Inge Rokke TRG Holding and The Resource Group TRG together own 68.18 percent of Aker.

– We do not comment on short-term fluctuations, but we are very pleased with the development of the Norwegian oil company, said communications director Atle Kigen Aker said.

He added that the merger with BP makes this is a very exciting company.

mergers and acquisitions

When the merger with BP Norway became known, the exchange rate rose immediately from 84 to 90 million, and since the rise still.

– the rate has tripled over the past year and a half, so I do not believe in some new triple over the next year. We have a neutral recommendation on the stock, because we believe oil prices partly are discounted into the price, analysts said Teodor Sveen Nilsen, analyst at Swedbank.

The acquisition of Premier Oil Norway, Svenska Petroleum’s Norwegian operations and three licenses of Centrica Resources Norway would prove to be only the precursor of giant merger with BP’s Norwegian operations. According to estimates the company itself has done and with the consulting firm Wood Mackenzie data, it will be able to sail up as the second largest producer on the Norwegian shelf in 2023, with a production of 260,000 barrels. Today, Finance writes newspaper.

– All credit to the management and control, which has done very much appropriate in order to adapt to the market and make transactions, said Teodor Sveen Nilsen, analyst at Swedbank.

fully priced?

Sveen Nilsen adding that over 100 million, we believe the Norwegian begin to be fully appreciated, although pointing out that there are two ways to look at the valuation on .

– comparing the Norwegian Lundin, which is a quite similar company, it is still cheaper, he says to the newspaper, pointing out that there are few oil companies that are undervalued.

His recommendation is that if you believe that oil prices will rise further purchase one shares in the Norwegian.

– Many people are probably agree that the stock is not canon cheap anymore, but the lack of quality companies buy the the Norwegian says Sveen Nilsen Finansavisen.