November 30, 2022

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Gambling Stocks Decline Based On Quarterly Numbers |  Finansavisen

Gambling Stocks Decline Based On Quarterly Numbers | Finansavisen

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in red

Gambling company Fifth Planet Games It fell 12.9 percent to NOK 2.50 after the third quarter figures were reported. The company increased its sales and improved its profits.

John Frederiksen dominates front line It fell 3.7 percent to NOK 138.30. On Wednesday, Kepler analyst Anders Rede Carlsen raised the price target for the stock from 145 kronor to 199 kronor, and reiterated his recommendation to buy the stock.

Another Frederiksen also shared, Avance Gas , significantly falls on Thursday. This morning, the company presented its figures for the third quarter after earnings for this period were of the most modest kind. The share decreased by 5.7 percent to NOK 65.05.

forging company Adgell for drilling It fell 2.8 percent to NOK 82.00 after halving profits in the third quarter.

satellite company Astrocast It fell by a whopping 22.8 percent to NOK 4.60. On Thursday, it became known that Hiber is withdrawing from the agreement with the company, at the same time demanding a transferable loan in the amount of 1.5 million euros. Astrocast disputes this claim and is considering legal action.

Mortgage company Infibco It decreased by 2.7 percent to 32.00 NOK. On Thursday, it was announced that the company nearly doubled its turnover and tripled its profit in the third quarter.

oil price

Brent crude fell 1.17% to $84.41 a barrel, while West Texas Intermediate crude fell 0.76% to $77.36 a barrel.

On the other hand, a barrel of North Sea oil was trading at $85.19 a barrel by the end of the Oslo Stock Exchange on Wednesday.

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Nordent analyst Roger Berntsen notes in his morning report that the price of oil has fluctuated wildly this week due to rumors and news.

Earlier in the week, most of the talk was about OPEC and a possible increase in production. Oil prices fell again yesterday, after reports of a possible price cap for Russian oil. The G7 nations are now introducing a price cap for Russian oil exported by ship, at $70 a barrel. The dollar also fell after the publication of the Federal Reserve’s interest rate report, as well as interest rates.

Equinor It decreased by 0.2 percent to 360.95 Norwegian crowns, while Aker BP It weakened marginally 0.06 percent to NOK 335.60.