December 5, 2021

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Aker Carbon Capture falls again in the red stock market

Aker Carbon Capture falls again in the red stock market

In the

On Tuesday, the Oslo Stock Exchange will fall about 0.3 percent, after opening in green.

Today’s moves

heavy weights hydro It posted record profits and earned adjusted operating profit before depreciation and amortization of NOK 7.2 billion in the third quarter. The share is still down 0.6 percent.

in a It rose 10.1 percent after the company announced Monday night that Nel Hydrogen US had been awarded a new contract for PEM electoral lighting equipment from a company that would be a leader in the fuel cell space.

MPC Energy Solutions It rose 10.3 per cent after brokerage Arctic Securities covered the company with a buy recommendation and a target price of NOK 46 per share. a job. At lunchtime, the stock is trading for NOK 29.41.

Kjell Ingie Rocks turbid carbon capture It drops 11.3 percent at lunchtime to 29.09 crowns each. After the stock rose 9.3 percent to 32.8 Norwegian kroner on Monday, as a result of the company’s presentation of a quarterly result. Consequently, the share price was also lower on Tuesday afternoon than it was before the weekend, with the price ending at NOK 30.0.

The day before the quarterly display rise the chemist 2.4 percent after Carnegie Brokerage raised expectations for the company.

mining company Akobo minerals It rises 1.0% after granting the right to hold US dollars in a bank account outside Ethiopia.

Aker BP It is down 1.6 percent on Tuesday. In a statement released Tuesday morning, DNB Markets announced that it would cut the stock recommendation from buy to hold at the same time the stock gets a target price of NOK 350.

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MPC Container Ships It rises 6.8 percent after DNB Markets in the morning raised the stock from a hold to a buy recommendation. At the same time, the target price was revised down from NOK 27 to NOK 24.4 per share. a job.

Kjell Ingie Rocks Aker’s prospects It will raise nearly NOK 10 billion for a new revolving fund, and is already on the cusp of securing a core investor. The company also provided good numbers for the third quarter. The company also announced in a separate announcement that it will invest $275 million in the production of batteries, hydrogen and other green solutions in Narvik. At lunch, the share was up 4.9 percent.

oil prices

At lunchtime on Tuesday, oil prices fell, with North Sea oil (burning spot) down 0.4 percent to $85.60 a barrel.

West Texas Intermediate crude fell 0.5% to $83.28 a barrel. fat.

The main reason for the rally in recent weeks is higher demand in the US and the reopening of society, but now Iran talks are weighing on sentiment.

Iranian diplomat Ali Bagheri Kani said in a Twitter message on Monday that he will meet Enrique Mora in Brussels on Wednesday to breathe new life into the nuclear talks. According to S&P Global Platts, the agreement will likely result in at least 1.3 million barrels of Iranian oil each returning today to the market.

Edward Moya, an OANDA analyst, thinks it won’t be long before we see oil prices at $90, and brokerage house Goldman Sachs agrees.

— The outlook for a cooler November ensures that energy traders are preparing for a tight market that will meet unparalleled demand this winter, he says.

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