Questerre-rally and surprise surprise at Green Stock Exchange



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Thursday, the main index of the Oslo Stock Exchange rose by 0.18% before reaching 875.70 points

In total, shares and certificates of participation of NOK 3.9 billion was exchanged.

Leading companies like Equinor and Marine Harvest respectively 0.99 and 1.37% while DNB decreased by 0.54%.

The FTSE index rose 0.08% while the DAX index and the CAC 40 index fell 0.74 and 0.56% respectively hour before closing in Europe .

The dollar continued to show strength. The EURUSD was established at 1.1610 on Thursday, which corresponds to a dollar appreciation of 0.27%.

– The feeling at this moment speaks a lot for the purchase of dollars. It is positively correlated with risk appetite and risk appetite is supported by the US earnings season, and our clients have the strong impression that there is still some margin for improvement, said Olivier Olivier Oliveri from Crédit Agricole to Reuters. Light oil rose 0.73 cents to 73.63 dollars, and light oil rose 1.28 percent to 68.62 dollars at the close of the Oslo Stock Exchange.

By comparison, a barrel of crude oil was traded for $ 71.40 REC Silicon

REC Silicon reported an after-tax loss of $ 374.4 million in the second quarter of 2018, compared with less than $ 62 million dollars at the same time last year.

] The huge loss is due to a $ 340 million write-down, or $ 2.8 billion.

– Yesterday, Rec Silicon traded at P / B 0.5x, now it's trading at 1.7x, this despite 15 percent lower prices today. Another company that overvalued profits (or underestimated loss in this case) and writes 74 percent of equity (repayment), writes Odin's general manager Thomas Nielsen on his twitter account.

Adjusted EBITDA came in at $ 9.6 million, compared to $ 1.3 million the year before. Here, Pareto Securities was expecting at least $ 17 million. Thus, Rec positively surprised operationally

The stock was down 15 percent at a time, but recovered heavily and ended at 0.88075 kroner, down 2.12 percent.

PGS

PGS reported about after-tax profit of $ 10.4 million in the second quarter of 2018, compared to $ 32.2 million for the same period last year

According to TDN Direkt, an after-tax profit of less than $ 12 million was expected. [19659002Farmincomeis$2397millioncomparedto$2405millioninthefirsthalfof1965[19659002] – Our second quarter contracts were mainly related to the completion of contracts commenced in the first quarter of the west coast of Africa. The marine market continues to improve, but remains difficult. It is encouraging that our estimate of the total value of offers and leads for contracts is at the highest level of more than three years, writes PGS in the report.

The stock ended at 39.96 crowns, up 1.83 percent on the third strongest volume ever today. TGS was deducted 1.29% to NOK 314.80

B2 Holding

Chairman Jon Harald Nordbrekken in B2Holding bought Wednesday by Valset Invest 250,000 shares of B2Holding at an average price of NOK 16.65 per share [19659002] Following the transaction, Jon Harald owns Nordbrekken and is affiliated with 27,088,496 B2Holding shares.

The share climbed to NOK 17.38, up 4, Subsea 7

Subsea 7a received a "significant" contract for offshore transport and installation work, according to a announcement on the stock market Thursday.

An "important" contract is defined by the company as 50-150 million

The execution of the work is scheduled for 2020, it was announced in a message.

The action ended 1.33 percent at a price of 122.15 crowns

Questerre Energy

Questerre ble Thursday's winner on Oslo Børs.

6. June the Quebec government proposes new rules that would lead to the prohibition of hydraulic fractures. Such a ban, if implemented, will prevent the company from exploiting its resources in the area in a meaningful way.

The proposal has received a 45-day consultation deadline that is about to expire. The stock may have increased expectations before the time expires.

We recall that elections in Quebec will be held in early October. This can also affect the outcome of the process.

Questerre's share broke at 3.29 kroner, up 11.53 percent.

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