Lunchtime stock market rally – Rigg shares fall by double digits

Lunchtime stock market rally – Rigg shares fall by double digits

OK It takes a write-down of up to NOK 2 billion in the fourth quarter, but recorded record high production in the quarter. “Today's update is a positive data point regarding Okea's operational capabilities. It is reassuring to see the positive development of operated assets such as Draugen and Brage,” Arctic Securities wrote in an update. Okea shares rose 2.1 percent to NOK 23.68.

Chemical tankers company Stolt Nielsen It also presented quarterly figures on Thursday, with the company generating $98.4 million, equivalent to more than 1 billion Norwegian kroner, in the quarter. At lunch, the share rose by 3.3 percent to NOK 407.

Our energy Last night it completed the acquisition of Neptune Energy Norge earlier than expected. This means that SpareBank 1 Markets raised its target price by NOK 2. On Thursday afternoon, the stock rose 2.6 percent to NOK 31.41.

Tom Johan Osterheim resigns as CFO Ida Wind. The stock fell 1.8 percent to 24.05 Norwegian kroner.

Sparpunkkin jacket It benefited from higher interest rates in the fourth quarter, which led to increased revenues and profits. The stock rose 4.1 percent to NOK 115.60 in the afternoon.

Oil price

At lunchtime, a barrel of North Sea oil (Brent spot price) is trading at US$81.18, an increase of 0.7 percent. On the other hand, the March Brent contract fell 0.6 percent to $81.28 on Thursday.

The March contract for US light crude, West Texas Intermediate crude, rose 0.9 percent to $76.54.

Otherwise, weekly figures released by US energy authorities on Wednesday afternoon showed that crude oil inventories rose by 1.2 million barrels last week to 421.9 million barrels. Inventories were expected to fall by 0.2 million barrels in advance, according to Trading Economics.

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Dalila Awolowo

Dalila Awolowo

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