Around the close of the Oslo stock Exchange was the dax index up 0.7 percent, while the cac40 and the ftse100 was up respectively. 0.5 and 0.4 per cent respectively. Oslo stock Exchange started the day in the plus, but ended down on a weak oil price.
the listing was for the main index was 638,83 points after a slump of 0.23 per cent. It was traded securities of nok 3.5 billion.
Oil
Shortly before sluttauksjonen cost one barrel brentolje 44,24 dollars, and was thus down 1,14% intraday. At the same time fell the american lettoljen 1,11 percent to 42,93 dollars.
Early Monday morning, the price respectively 44,77 dollars a barrel and 43,35. In comparison, a barrel Nordsjøolje traded for 44,87 dollars a barrel by the close of business in Oslo on Friday.
Read also: chief analyst believes the OPEC cut
According to Bloomberg News and TDN Finans keeps prices weak after that Iran increased its oil production and u.s. oil companies raised the number of active drilling rigs to the highest level since February.
market participants pointed out that these conditions highlights the persistent problems with tilbudsoverskudd in the oil market.
Iran has according to the news of increased production in the three western oil fields faster than expected. While the production in the fields was of 65.000 barrels per day in 2013, is the now of 250,000 barrels per day.
According to Baker Hughes ukestall have american oil companies since may put into operation more than 130 drilling rigs.
- the Markets are increasingly sceptical that Opec will bring some agreement to limit production. Probably, it is already priced in that the group doesn’t do anything, but we will be able to experience a refleksbevegelse to under 40 dollars per barrel for WTI-oil, if it is not announced any deal, ” says ressursanalytiker in the Fat Prophets in Sydney, David Lennox, to Bloomberg News.
at the same time, the market is skeptical that Opec will succeed in getting up the prices by adopting the limitation in oil production.
Statoil fell 1,76 per cent to 134,20 money. Oljeserviceindeksen OBOSX rose 0,34 percent, after solid growth in Seadrill and Subsea7.
- Best exposure to the price of salmon
Several investment firms are out with updates after farming company Grieg Seafood put forward the quarterly figures on Friday. The stock climbed 5,92 per cent to 80,50 money.
According to TDN Finans oppjusterer Arctic Securities kursmålet on the stock from 85 to 90 million. Kjøpsanbefalingen repeated.
Grieg still offers the best exposure to the salmon price from the oppdrettselskapene, believes the Arctic. It appears that the company has a low contract coverage for 2017.
Sjømatindeksen step 1,39%
While Grieg Seafood led the way hype, followed Hofseth BioCare hands-on, with an increase of 5,11%. Norway Royal Salmon rose 3.7 per cent, while Bakkafrost and Austevoll was up between two and three per cent.
Still fooling around with gold
Avocet Mining reported last week that a judge in Ouagadougou in Burkina Faso had decided to release the Avocet Minings gullforsendelse seized 7. October.
the Company enlightened at the same time that they intended to continue operations at the Inata mine, if possible already in the course of the same week.
Even if the seizure is raised, notify the company on Monday that they have not yet seen anything to gold.
As a result of the delays has also not production at Inatagruven been put back up again.
the Stock fell 7,99% to 6,45 million.
Option is bankruptcy
If the restructuring plan for Havilah, Shipping is not approved is bankruptcy the most likely option, the enlightened company Monday.
the Statement came after the board of directors of Havilah has received a letter from the Obigasjonseiergruppen where it set forth arguments for an alternative restruktureringsløsning.
Havilah was sharply down large parts of the day, but ended on 0,89 million, down by 1,11%.
Building for Obos
AF Gruppen has entered into an agreement with OBOS Kværnerbyen AS for the construction of Kværnerdammen cooperatives in Kværnerbyen.
Engineering start 1. quarter of 2017 with a planned construction start in april 2017. Scheduled completion is 1. quarter of 2019. It is taken subject to sufficient advance before commissioning. The project is being conducted as a key ready with a total value of nok 211 million excl. vat.
the AF Group fell 0,34 percent to 146,50 money.
Two contracts
Eidesvik Offshore ASA is awarded two contracts from CGG for the two seismikkskipene Vantage and Veritas Viking, which has been in circulation since, respectively, august 2014 and november 2015.
the Contracts have a duration of a fixed period of 180 days subsequent options, and the ships will be used as skytebåter.
the Stock was not traded on Monday.
Contract Data Response
the Data Response has signed a contract with a value of nok 90 million with a customer within the market for medical equipment.
the Deliveries will take place in the course of the next 2 years.
the Stock climbed 2,72 percent to 18.9 million.
Ex dividend
American Shipping Company were traded ex-dividend on Monday. The dividend is on the 0,124 dollars per share, equivalent to approximately 1,05 million.
the Share price fell 1,10 money, a listing was on 23,90.
New ships
Ocean Yield has taken delivery of the vessel “Gaschem Beluga” from the Sinopacific Offshore & Engineering.
the Ship has already started on a 15-year bareboat charter contract with Hartmann Group
Ocean Yield fell to 0.37 per cent to 66,50 money.
Buy NyeBoliger AS
jpmorgan chase Bank has entered into an agreement to buy 35 per cent of the NyeBoliger AS, while Verdun is Holding AS acquires 16 per cent of the shares.
jpmorgan chase Bank step 1,67 percent to 36,60 money.
Sell your own debt
Norwegian Property ASA reported that it has sold its own bonds for nok 97 million in one of the company’s bond loan at the rate of 101, and with the settlement 14.november.
the Company has then according to the message sold out the entire house inventory of this loan which is on a total of 1.335 million.
NPRO ended down 0,97 percent of 10,20 million.
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