Oslo Stocks rose – Oil stocks rose by double digits in the analysis

Oslo Stocks rose - Oil stocks rose by double digits in the analysis

The case is updated…

The Oslo Poor’s Index rose on Tuesday, and the main index ended 0.91 percent higher at 1,255.09 points.

The price of a barrel of North Sea oil traded at the close at $98.06, up 1.7 percent. The price of West Texas Intermediate crude also rose by 1.6 percent, and the price of a barrel at the close was $91.95 a barrel. Yesterday, Goldman Sachs lowered its oil price forecast, but still saw a significant rise in oil prices.

Equinor It was by far the most heavily traded stock in the Oslo Stock Exchange, rising 3.1 per cent to 363.40 NOK per share. stock. Aker BP It rose 3.5 percent to 330.00 Norwegian kroner. our energy It rose 1.9 percent to 38.53 Norwegian crowns.

On the other hand, it was another oil share that escaped attention on Tuesday.

Barreto analyst Tom Eric Christiansen came out on Tuesday with a new analysis of DNO before the quarterly numbers. The brokerage believes the company will generate half its market value in free cash flow this year at an oil price of $100.

– We believe the market is underestimating DNO volume and cash flow, according to Christiansen, and has raised the target price from NOK 18 to NOK 22.

DNO shares rose 16.5 percent to 15.6 Norwegian kroner. DNO’s gone too straight oil He is the largest owner with 44.9 percent of the company. Ras Al Khaimah Petroleum rose 9.4 percent to 12.75 Norwegian crowns on Tuesday.

REC silicone It fell more than 3 per cent to 20.19 Norwegian crowns per share with a high turnover. Board member Heike Heiligtag has informed the Board of Directors of REC Silicon ASA that she will be stepping down from the company’s Board of Directors effective August 10, 2022.

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Yesterday Karl-Johan Mullens, a commentator on stocks at Finansavisen, wrote that REC Silicon “should be written off”, and that the company is more suitable for investors who like excitement than those who like returns.

Bergen Carbon Solutions It fell more than 15 percent on Tuesday, after what might look like a big Spetalen sale ruled the Saga Pure. There is no obligation on the company and therefore it can sell the shares without informing the market about it.

Kongsberg Automotive released the numbers Tuesday morning . The company’s sales closed at 225.6 million euros for the period from 215.4 million euros in the second quarter of last year. The stock fell 6 percent to 2.64 Norwegian kroner. Before the closing date, the company was able to report that the company’s CEO had bought more than 600,000 NOK shares.

Othello The biggest drop was in Oslo Stocks on Tuesday, as a result of the company having to pay a dividend of NOK 21 per share. stock. The stock closed yesterday at NOK 28.5 and therefore should theoretically fall to NOK 7.5 per share in today’s trading. The intraday session was down to NOK 7.29 each, but rose sharply and closed at NOK 8.82 on Tuesday. So it was still a good day for the company’s shareholders.

Tuesday no digging digging The figures for the second quarter were presented and may show revenues of 105.3 million dollars, an increase of 23.3 million dollars compared to the first quarter of this year. At the same time, the company expects strong earnings growth for 2023. On Tuesday, the company fell more than 8 percent to NOK 36.26.

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On Monday, ABG Sundal Collier released a new target price for Borr of NOK 40 per share.

Dalila Awolowo

Dalila Awolowo

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