Also Friday sends oil prices Oslo Børs upwards. US stock exchanges ended sharply up Thursday while bourses in Asia rose sharply on Friday morning.
In just over 20 minutes’ trade is the main index of 558.14, up 1.09 percent, and it is so far sold shares for 708 million.
Scatec Solar CEO Raymond Carlsen, today’s guest on HegnarTV with Trygve OBI!
Crude
Brent oil rises Friday 2.16 percent to $ 35.55 a barrel, while WTI oil is up 2.35 percent to $ 34.00 a barrel.
In comparison was a barrel of North Sea oil traded at $ 34.65 a barrel at the close of trading on Thursday.
Prices for oil contracts continues thus Thursday’s upturn, despite widespread skepticism about Russian statements that Opec and other manufacturers will be able to meet to discuss production cuts.
– If Saudi Arabia and Russia should reach an agreement on reducing production, it will only allow for Iran to fill the void. Price increases as this tends to be short-lived, and with little chance to last, says analyst at IG in Melbourne, Angus Nicholson, to Bloomberg News, according to TDN Finans.
Read also: Oil Analyst: – When will the price much up
In a client note Thursday night denotes Barclays reports of an Opec cuts as “nothing more than an attempt to turn around market sentiment,” and waits that a meeting between Russia and Opec will help change the imbalance in the physical oil market.
“There is a huge difference between a meeting to exchange views on the state of the market, and a meeting to arrange production cuts . This will probably be the first type of meeting, “said the note. According to the news agency.
Barclays predicts that the parties will come together to ensure that there is a light at the end of the tunnel, that not -Opec production already falling and expected to fall further, and that if they can just get through the first half, the balance will begin to return.
Statoil rising 2.52 percent to 117.80 kroner . Oil giant ended Thursday up 7.18 percent throughout.
DNO is up 4.27 percent, while the Norwegian oil company jumping 4.39 percent.
Sharp rise
Storebrand climbs Friday morning the entire 11.89 percent to 35.57 kroner.
The reason is that the company Thursday night came with a stock exchange announcement where it was stated that the Q4 has implemented several measures as part of the long-term adaptation to Solvency II.
Overall Set expected that measures forces solvency by approximately 15 percentage points in the quarter. It is expected that the measures, in combination with other significant transactions with accounting effect, overall will be neutral on profit after tax for the Storebrand Group Q4
Earnings
Yara comes with profit warning after having undertaken billion writedowns. The news sends stock down 2.07 percent to 326.90 kroner.
Fertilizer giant writes down assets worth a total of about 1.150 million in the fourth quarter of 2015, of which approximately NOK 930 million is related to Yara’s production plant in Montoir ( France) and Trinidad.
The company’s operating profit for the fourth quarter of 2015 is now expected to be approximately 0.7 billion, while EBITDA is expected to be about 3.5 billion.
Results Season
Fourth Quarterly begin these days slowly ticking in, and Friday morning have a few companies submitted their reports for Q4.
Funcom turned in period a small surplus to a larger deficit . The company also reports that equity was negative at the end of 2015, and they are therefore planning to raise between 5 and 10 million in fresh equity. Stock drops entire 12.44 percent to 1.91 million.
Scatec Solar’s bottom line grew contrast sharply in Q4 last year, and the stock jumps 3.23 percent to 38.40 kroner.
Funding in place
Norwegian-daughter Arctic Aviation Assets Ltd. (AAA) has now put in place “pre-delivery payment” (PDP) -finansering of 50 Airbus 320 Neo-fly .
– These deliveries the next four years is the key to Norwegian’s future growth plans, and PDP financing is a milestone in Norwegian påpgående program for “direct-buy” promotional financing of aircraft, says CFO in Norwegian, Frode Foss said in a statement.
Norwegian shares climb 6.40 percent to 257.50 kroner.
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