Oslo Bors is in the green – real estate stocks fell due to capital needs

Oslo Bors is in the green – real estate stocks fell due to capital needs

Unlike that Front line It fell by 2.11 percent to NOK 251.00. Hafnia And Golden ocean They fell by 1.73 percent to NOK 79.75 and 1.96 percent to NOK 142.25, respectively.

Boarding

Small Energy Inserge It has now completed its first delivery of small batteries. This raises the stock by 20.38 percent to NOK 1.48 with high turnover.

The company indicates in its announcement that this is the first in a series of deliveries that will take place in the near future.

Last week it became known that Acastor Its subsidiary HMH won an arbitration case against Jurong Shipyard. They have now calculated the interest the shipyard will pay them after the arbitration award, and believe they have a total of NOK 1.9 billion payable. Akastor shares rose 4.62 percent to NOK 13.60.

Seacrest Petroleum It was reported Monday that it had nearly quadrupled production in the first quarter compared to the same period last year. The stock rose 2.40 percent to NOK 5.12.

Norwegian Forest It rose another 3.05 percent to NOK 37.80 on Monday, after the stock finished 4.3 percent higher on Friday when the company presented first-quarter numbers. Some numbers were disappointing, but sales volume increased.

ABG Sundal Collier now raises its price target for Norske Skog stock to NOK 40.

Oil price

The June contract for Brent crude fell 1.13 percent to $86.30 a barrel on Monday, while West Texas Intermediate crude fell 2.33 percent to $81.20 a barrel.

In comparison, a barrel of North Sea oil was trading at $89.68 per barrel at the close of the Oslo Stock Exchange on Tuesday.

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The US House of Representatives has now approved new sanctions on the Iranian oil sector, and the Senate is expected to adopt them within a few days.

What is surprising is that despite the increasing risks and tensions in the Middle East, the oil market does not seem to be particularly concerned. The market needs to know whether US sanctions impact Iranian oil flows before it reacts, says Warren Patterson, commodities strategist at ING, according to TDN Direkt.

moderation It fell by 0.87 percent to NOK 296.40 Aker BB It fell by 0.60 percent to 281.60 Norwegian kroner. The latter announced on Monday morning that production at the Hans field in the North Sea has now begun.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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