Oslo shares TFN at a glance outlook |
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Published
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Fri, 27 Apr 2007 07:59
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OSLO (Thomson Financial) - Shares are expected to open flat to lower after a lacklustre performance on Wall Street last night and a weaker trend in Asian markets, although rising oil prices ahead of the US summer driving season could provide some support, dealers said.The OSEBX Benchmark index closed 2.49 points higher at 478.54, and the OSEAX All Share Index rose 3.18 points to 540.98.Total turnover amounted to 13.52 bln nkr.FORTHCOMING EVENTSToday-Renewable Energy Corporation Q1 Results - Consensus EBITDA 729 mln nkr vs 380 mln, on sales of 1.47 bln nkr vs 872 mln.-Fred Olsen Energy Q1 Results - Consensus opg 272 mln nkr vs 268 mln, on sales of 979 mln vs 936 mln.-Eastern Drilling Q1 ResultsMONDAY, APR 30-Nothing expectedCOMPANY NEWS-Following the market close last night, Statoil said it will miss its 2007 production guidance after deciding to 'temporarily cease' production of gas and condensate from the Kvitebjorn field in the North Sea, cutting total Norwegian production by 190,000 barrels of oil equivalent per day.-Renewable Energy Corp said it will invest 485 mln usd in expanding its silane and polysilicon capacity in the US, and 200 mln nkr adding to its wafer capacity in Norway.-Fast Search & Transfer ASA said it was won a deal with real estate website Move, for the deployment of its Fast Enterprise Search Platform, worth an undisclosed sum.MARKET SENTIMENT-Dresdner Kleinwort cuts Statoil to 'sell' from 'hold'.-UBS reiterates its 'buy' recommendation on Statoil.-JP Morgan reiterates its 'overweight' recommendation on Statoil, saying that it sees a buying opportunity.-ABN Amro reiterates its 'buy' recommendation on Statoil.alastair.reed@thomson.comar/hjpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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TFN NEWS BRIEFING: TMT highlights to 09:10 BST 