Vår Energi improved after Tuesday’s ugly price drop

Vår Energi improved after Tuesday's ugly price drop

On Wednesday, the arrow is pointing up on the Oslo Stock Exchange. At lunchtime, the main index reached 1,123.95 points, up 0.6 percent.

A barrel of North Sea oil is sold for $94.52, up 0.8 percent. Poland discovered a leak in the Druzhba pipeline, which transports oil from Russia to Europe. Equinor It rose 0.5 percent to 374.15 Norwegian crowns, while Aker BP It rose 1.0 per cent to 313.50 Norwegian kroner.

Tuesday modified down our energy guidance, sending prices down 9.6 percent before the stock finished at 32.38 NOK. Nordea Markets has lowered its target price for the stock from 55 kroner to 45 kroner, while maintaining its buy recommendation. SpareBank 1 Markets cuts the target price from 65 kroner to 55 kroner and repeats its buy recommendation, while Goldman Sachs cuts the price from 37 kroner to 35 kroner and keeps its sell recommendation. On Wednesday, the stock rose 3.2 percent to 33.41 Norwegian crowns.

BEWI Received final approvals from all relevant competition authorities to complete the purchase of Jackon Holding. The stock rose 3.7 percent to 45.15 Norwegian crowns.

Greg Seafood He puts a multi-billion dollar project on hold, justifying it with the government’s new tax on natural resources. The stock rose 1.0 percent to 68 Norwegian crowns.

Norcode Getting rid of fossil fuels in favor of shore energy, as part of the company’s ongoing electricity program. Management expects to be able to provide 160,000 liters of diesel annually to run electricity for the feeder fleet and its diesel-powered equipment. The share rose 6.6 per cent to 61 NOK.

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Management Board Quantafuel He appointed ABG Sundal Collier as an advisor to conduct a strategic review of the company. The stock fell 1.1 percent to 9.31 Norwegian crowns.

Wednesday was Shelf drilling North Sea Acknowledge trading on Euronext Growth. Shelf Drilling North Sea is an offshore drilling company that operates primarily in the shallow waters of the North Sea. At the opening of the exchange, the share price was set at NOK 21.32, giving the company a market value of approximately NOK 2.1 billion. At lunchtime, the stock was trading for NOK 28, up 31.3 percent.

Dalila Awolowo

Dalila Awolowo

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