In a market in disarray reappears timidly in positive terrain Title Saipem. The listing of a subsidiary of Eni is marking +0.01% to 7.26 euros. Meanwhile, the company has signed a contract with Norway’s Statoil offshore drilling worth about $ 160 million.
Analysts have confirmed the opinion of Rasfin buy the title in the giant Eni. The group has signed an agreement with the state company Croatian INA, for the joint exploitation of oil fields located offshore Croatian 5. Are investments of 320 million euros and the production will be launched at the end of 2004. The operation is judged as positive Rasfin within the terms of the strategic plan recently confirmed by Eni. Furthermore the development of gas reserves offshore in Croatia is synergistic with existing structures and offshore in the industrial area of Ravenna.
Despite the closure in soil bullish for Wall Street, the main square close the Asian session today with the Nikkei index, which marked a delay of 0.76%. Red Topix also has remedied that a delay of 0.73%. The market has proved prudent waiting for data tomorrow on the national GDP.
continues the plan of divestiture of Edison, a subsidiary of Fiat and EDF Energy. Cereol, which is controlled in the food industry, has announced that it had sold its subsidiary Carapelli (olive oil) to a group of investors led by B & S Private Equity Group for 101 million euros.
Contrary to what was stated earlier, the French oil giant Total Fina Elf has not published the data in Q1 2002 before the market opens. The company has announced that publication of the quarterly will be made this afternoon at 15.30 hours. The mercto not seem to appreciate this innovation and the title indicates, the Paris stock exchange, a decline of 0.9%.
Technical Bounce for the title of the six-legged dog. After the sharp correction last Friday, caused by a downgrade by JP Morgan at Total Fina Elf and the decision of Russia to remove progressively over the next two months with the limits imposed export of crude oil, Eni is rising by 0.4% with the action that passes from hand to 16:53 euros. Brent is stable at $ 26.4 per barrel.
good day at the Madrid Stock Exchange for the group of telecom giant Telefonica, at least according to the first trade of the session that they see all the titles of the group in positive terrain. Telefonica marks an increase of 2.02%, passing from hand to 13.13 euros. Well even Moviles, the mobile sector, which marks an increase of 1, 42% to 7.15 euros. In soil also positive TPI, a subsidiary of Yellow Pages and advertising that earns 2.86% Terra Networks and an increase of 2.59%.
Eni falls in line with other European oil because titles were announced just positive data about stocks. “The price of oil dropped in the last two weeks, but now is catching up because OPEC would cut production before September,” said Fabio Di Giansante, manager of BCI, “At the moment there is an oversupply on market. As for Eni many are reincorporated bodied positions they had built on the license. In general, however, the retracement of the European oil is healthy “.
The investment bank Goldman Sachs has reiterated its positive assessment of “outperform” with E. On, the German multi-utility whose main scope is the energy sector. According to Goldman Sachs, the agreement between E. ON and Britain’s BP Amoco, under which the German company Veba Oil will sell its subsidiary in exchange for a stake of 25.5% in the European gas giant Ruhrgas, is a good opportunity strategic for the company in Dusseldorf. The target price set by Goldman of 76 euros, with the title currently shared at 63.93 euros in bending of 0.82% compared to yesterday.
The new Paris market does not seem to suffer from a positive opening of the Nasdaq, which is dragging upward the Neuer Markt in Frankfurt (+0.89%). The index of technology stocks in Paris marks a decline of 0.17% at 2798 points. Among the titles out Stelax Industries (+26.53%), Cryonetworks (+12.79%) and BVRP (+6.3%). In soil rather negative Soft Computing (-14.41%), Fi System (-14.18%) and Belvedere (-9.11%).
