May 25, 2022

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Oslo Stock Exchange opens in the red - miner paused after 1 billion valuations

Oslo Stock Exchange opens in the red – miner paused after 1 billion valuations

(case is being updated)

The Oslo Stock Exchange opens on Friday. A few minutes after the exchange opened, the main index fell 0.16 percent to 1254.33.

oil prices

Brent oil fell 0.9 percent to $117.98 a barrel. barrel, while West Texas Intermediate crude fell 1% to $111.22. By comparison, the price of a barrel of North Sea oil was $119.18 at the close of the Oslo Stock Exchange yesterday.

ANZ analysts Brian Martin and Daniel Haynes confirmed that International Energy Agency CEO Faith Birol said the group is ready to release more oil to the market from emergency stocks if needed.

OPEC has also expressed its displeasure over rumors that the European Union will ban Russian oil, according to Reuters.

It is possible that the EU will not start an oil embargo because many countries rely heavily on Russian oil – Germany among others – and have opposed the proposal, says Carsten Fritsch, an analyst at Commerzbank.

movements

scandinavian mining Finland’s lithium project has now received a final valuation of NOK 11.7 billion. Previously, the valuation was only $384 million – a third of the current valuation.

The stock has been paused from the start, but trading is now going on again and the stock is up 22 percent.

That same week, Røkke’s subsidiary Aker Horizons sold Rec shares for $1 billion and raised new capital in Mainstream Renewable Power, doubling the valuation of the Aker Group. Trygve Hegnar Comments.

oil service work deep value excavator By 3.3 percent today. Øystein Stray Spetalen quickly sold off the project, but then had to see his stock mates double the money.

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– The class should have gone much further, says Ketil Skorstad.

Aker’s prospects The stock has released several buy signals in the past two days. Several analysts have raised their price targets in recent days and are seeing a rise of up to 130 percent. The stock has risen 11 and 12.7 percent in the past two days and will rise another 1 percent on Friday.

board in NTS Review Salmar’s offer document and consider that the offer reflects the financial and strategic value of NTS, and recommends NTS shareholders to accept the offer.

Orkla You expect to be affected by the Ukraine war, but the extent remains unclear.

Telenor Today I completed the sale of Telenor Myanmar and received 50 million dollars – about 450 million kroner. The remaining $55 million will be settled in five equal installments over the next five years. The company incurred a loss of NOK 800 million in the sale.

ECIT It buys a 50.1 percent stake in Norwegian software company Catacloud.