Oslo Borse is in the red – shares fall after brokerage giant sell-off

Oslo Borse is in the red – shares fall after brokerage giant sell-off

The company stated that the contract is worth 625 million Norwegian kroner. Norwegian Refugee Council shares rose 3.1 percent on the day the agreement became public knowledge. Sweden's NCC claims that the rival company lacks competence with regard to underwater blasting, a view upheld by the Oslo District Court. On Saturday, the NRC sent notice to the stock exchange that the agreement with Forsvarsbygg had been suspended. The stock fell 2.4 percent on Monday.

In green

Akobo Minerals has updated its gold production plan for the first 12 months of its Segele mine. The updated plan will have a significant impact on early revenue and EBITDA estimates. The majority of improvements will come in the first part of production.

The company now estimates first-12-month revenue and EBITDA at $39 million and $28.8 million, respectively, versus $29.4 million and $20 million previously.

The stock rose 22 percent on the news to NOK 1.40 per share. stock.

REC Silicon confirms delays in prestigious Moses Lake project. The first delivery is scheduled to take place early in the second quarter of 2024, according to the stock exchange’s announcement on Monday morning.

Earlier, the company indicated that the first delivery would be in the first quarter. The company confirms that the factory will operate at full capacity by the end of the year. In a new announcement to the stock exchange, the company reported that no security violations were found at the prestigious facility after a supervisory inspection. The stock rose 2.6 percent to NOK 10.31.

Aker Carbon Capture and CO280 Solutions have entered into a letter of intent to collaborate on the development of large carbon dioxide removal (CDR) projects for the pulp and paper industry in the United States and Canada. The stock rose 7.9 percent to NOK 5.81.

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Ola Eikanger at SEB raises the target price on Cadeler from NOK 55 to NOK 68 per share. Inventory and repeat purchases. The share rose by 3.6 percent to NOK 47.90. Norway's shares fell 1.5 percent to 15.93 Norwegian kroner.

Oil price

The May contract for North Sea oil (burned) rose 0.5 percent to $85.89 a barrel. Barrel since midnight. US West Texas Intermediate crude rose 0.7 percent to $81.0 per barrel.

In comparison, the price of a barrel of North Sea oil reached $85.54 per barrel at the close of trading on Friday.

Rising geopolitical tensions, coupled with an increase in attacks against energy facilities in Russia and Ukraine, coupled with weak hopes for a ceasefire in the Middle East, raise concerns about global oil supplies, one analyst said. Reuters.

Equinor rose 0.7 percent, while Aker BP rose 0.9 percent. Vår Energi stock rose 2.5 percent.

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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