Oslo power rises from the start

Oslo power rises from the start

The case is expanded.

The main index of the Oslo Poor’s calmed down a bit after the rapid opening, and settled after 54 minutes of trading on Friday at 1188.16, up 0.5 percent.

Norske Skog stock rose more than 6 percent in the first trade, but bounced back a bit and increased 5 percent after today’s quarterly numbers, which showed a doubling of operating result from the third quarter to the fourth quarter. At the same time, the company announced a net investment of around NOK 180 million in a new thermomechanical production line at the Skogn plant.

Borr Drilling bounced nearly 5 percent after issuing a new $1 billion bond to refinance its $350 million loan that matures May 23, 2023.

energy boost

Oil prices rose for the third consecutive day on Friday morning, while gas prices in the United States fell to less than $3 a gallon. mmbtu for the first time since May 2021. At the peak of August last year, the price was around $10.

Recent revisions to the weather forecast have been “extremely harsh,” suggesting that the looming cold snap in the US will not last long, and traders are mostly betting on mild February temperatures, says Gary Cunningham, head of analysis at Tradition. Energy for Bloomberg.

Equinor rose 1.6 percent to NOK 299.40 after Goldman Sachs upgraded the stock from sell to hold, while Aker BP rose nearly 2 percent to NOK 296.60 after the update that included 1 billion writedowns in the Wisting field. The company’s net production amounted to 432,000 barrels of oil equivalent annually. Today in the fourth quarter, up from 411,700 barrels in the previous quarter.

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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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