Norwegian Stocks: Kongsberg, Hoegh and Questerre rise on deals, upgrades

Questerre Energy (Canada)

04/06/2018 11:05

OSLO, June 4 (Reuters) -  
 * Norwegian shares traded up on Monday 
 * Oslo's benchmark index  .OSEBX  rose 0.24 pct, or 2.12
points, to 882.65 points and was up by 8.11 pct year-to-date
 * The broader Oslo All Share Index  .OSEAX  was up 0.23 percent
 * Brent crude futures  LCOc1 , a trigger for the oil heavy Oslo
Bourse, fell $0.5 to $76.29 a barrel  O/R 
 * Among the biggest firms on the Oslo Bourse, Equinor  EQNR.OL 
was flat 0.00 pct, Telenor  TEL.OL  rose 1.44 pct and DNB
 DNB.OL  rose 0.13 pct
 * Turnover at the Oslo Bourse was 1.4 billion Norwegian crowns
and most traded shares were Equinor EQNR.OL , Telenor TEL.OL 
and Marine Harvest MHG.OL 
 
 * Shares of Kongsberg Gruppen ASA  KOG.OL  were up 3.17 pct to
NOK 189
 
 * Broker DNB Markets raises recommendation to buy from hold and
share price target to NOK 210 from 200 after Kongsberg Gruppen
on Friday won a missile deal with the U.S. Navy  urn:newsml:reuters.com:*:nFWN1T211X
 
 * Shares of BW LPG Ltd  BWLPG.OL  were up 2.22 pct to NOK
35.45, peer Avance Gas AVANCE.OL  rose 0.9 pct
 
 * Avance Gas spot index for very large gas carriers rose for
the third consecutive week to $6,281 per day from $4,774 the
previous week 
  
 * Canadian gas explorer Questerre QEC.OL  QEC.TO  rose 9.5 pct
to NOK 6.31
 
 * Questerre says it has settled a lawsuit in Quebec, which
means it will acquire exploration rights to 753,000 net acres in
the Lowlands area  urn:newsml:reuters.com:*:nFWN1T603Y
 
 * Broker Pareto reiterate buy on Questerre and said it was
likely it will raise share price target from current NOK 11 per
share  urn:newsml:reuters.com:*:nL5N1T617S
 
 * Hoegh LNG HLNGH.OL  rose 2 pct after winning a 3 year
contract for its Esperanza FSRU unit with China's CNOOC
 urn:newsml:reuters.com:*:nFWN1T608Q
  * Biggest losers: Bergenbio ASA  BGBIO.OL  -6.54 pct, BW
Offshore Ltd  BWO.OL  -4.21 pct and Nel ASA  NEL.OL  -3.99 pct
 
  * Abroad European shares  .FTEU3  rose 0.54 pct, Japan's main
share index Nikkei  .N225  ended up 1.37 pct, while in China
Shanghai index  .SSEC  was up 0.52 pct and Dow Jones index
 .DJI  in the United States 0.90 pct on Friday

 (Reporting by Ole Petter Skonnord, editing by Terje Solsvik)
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))