December 1, 2022

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Disagreement between brokerages has sharply reduced electricity shares

Disagreement between brokerages has sharply reduced electricity shares

The fall intensified throughout the afternoon of Tuesday after the Oslo Boroughs started their day in the red.

At 14:30, the main index stands at 1120.58 points, down 1.26 percent.

oil price

Brent crude fell 1.3 percent to $94.85 a barrel, while West Texas Intermediate crude fell 1.5 percent to $89.77 a barrel.

In contrast, a barrel of North Sea oil traded for $97.60 a barrel at the close of the Oslo Stock Exchange on Monday.

A strong dollar and concern that weak global growth will dampen oil demand are among the reasons for lower oil prices, writes TDN Direct.

Rising inflationary pressure, geopolitical uncertainty and increased contagion (Covid) in China are expected to weaken oil demand going forward, says Roger Berntsen, analyst at Nordent.

our energy It fell 9.1 per cent to NOK 32.53 after news that the company is adjusting its guidance downward for the full year 2022, to produce CHF220,000-225,000 per day, from the previous guidance of 230,000-245,000 foepd.

At the same time, the company reported that it expects to post a net currency loss of $260 million due to the weakness of the Norwegian krone in the third quarter.

Equinor It fell 1.6 percent to 371.10 Norwegian kroner, while Aker BP 4.4 percent goes back to 314.40 NOK.

in red

Earthquake Association PGS It announced preliminary figures for third-quarter revenue, which is expected to end at $199 million. The share fell 10.7 percent to 6.77 NOK.

Pareto sets the target price down Norwegian Aquatic From 65 NOK to 60 NOK per share and repeat booking. The share fell 4.1 percent to 59.14 Norwegian crowns.

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empty Its price target was lowered by two brokerages, and it fell 1.6 percent to 163.28 Norwegian crowns per share. The same goes for Nilewhich returns 2.8 per cent to 10.89 Norwegian kroner.

Almirah Formerly known as Fjordkraft, it fell 8.6 per cent to 15.73 Norwegian crowns per share after DNB Markets cut the stock for sale and cut its target price almost in half. SpareBank 1 Markets, on the other hand, upgraded the stock to buy, and saw a 40 percent rise.

Rec silicone It marginally drops 0.1 percent to NOK 17.55. In the shareholder letter from Lodbrok Capital, the company is strongly against main shareholder Hanwha Solutions, and believes that there is a risk that the main owner will take actions hostile to shareholders.

green

digging cliff It was awarded a five-year contract in the Arabian Gulf worth around NOK 2.5 billion. The stock rose 3.1 percent to 17.82 Norwegian crowns.

Zweep It received a new commercial order for its Zwipe Pay platform. The biometrics company describes the award as significant, and the share was raised by 0.8 per cent to NOK 6.61.

Softox Solutions He secured funding until next summer. The stock rose 1.3 percent to 23.80 Norwegian crowns.