DetNor likt lupe klockren på 1-10 års sikt

Det Norske’s Outgoing CEO Sees Value Doubling on Output Surge
By Mikael Holter
november 19, 2012 11:10 fm


Det Norske Oljeselskap ASA (DETNOR) outgoing Chief Executive Officer Erik Haugane said the shares will double by 2015 as reserve estimates are set for the Johan Sverdup oilfield and the company becomes a full-fledged producer.

The 59-year-old, who will next year step down as CEO of the company he founded in 2001, said he will remain a shareholder through his investment company, Koerven AS, which holds 724,414 shares. That represents 0.57 percent of the Trondheim-based company, which is valued at 10.3 billion kroner ($1.8 billion).

“A good deal of the market has short-term investment horizons,” he said in an interview. “I’m at least going to make sure I’m sitting with quite a few shares since I know the upturn is coming.”

The stock has already more than tripled since the company announced the first find on its side of what is now known as the Johan Sverdrup field, which may hold 3.3 billion barrels of oil equivalent. Statoil ASA (STL), which owns 40 percent of both blocks that contain the field, has said new reserve estimates will be released early next year, while a development plan is due in 2014 and an output start in 2018.
Det Norske is transforming itself from an exploration company into an oil producer as pumping is scheduled from fields such as Jette in March next year and Ivar Aasen in 2016. Ivar Aasen, of which Det Norske holds 35 percent, could yield 25,000 barrels of oil a day at its peak in 2018, compared to the company’s output of about 800 barrels of oil equivalent a day in the third quarter, according to its website.

By 2014, when the Sverdrup plan is released and Aasen is two years away from production, it will be “sufficiently short- term for the markets to start to react,” he said.
Swedbank First Securities analyst Teodor Sveen Nilsen, who has a buy recommendation and a target price of 130 kroner, estimated the company’s production will grow to as much as 26,000 barrels a day in 2017 and more than 80,000 barrels a day in 2021.
The shares have dropped from a record close of 98.5 kroner on Sept. 14 to 81.25 kroner as of the 4:30 p.m. close in Oslo.
Det Norske said in October that Haugane would leave after a mutual agreement. Aker ASA (AKER), the biggest owner with 49.99 percent of the shares, said the company needed to improve operationally and strengthen its team in order to become a full oil producer.

Det Norske took a 1.9 billion write-down on the North Sea Jette project in the third quarter after technical problems with a production well. Chairman Svein Aaser said in an interview that organizational changes could in hindsight have been made before the development of the field started.

Haugane said his stepping down had nothing to do with Jette since the departure had been agreed on before the difficulties. He said he would now seek to sit on boards at Norwegian companies and would be unlikely to seek an executive post at a rival company. Det Norske will also likely be his only investment, he said.
“I’m not an investor type,” he said. “It’s not very exciting.”

Fondförvaltaren Adrian Day köper i SIAF

Detta är goda nyheter. Ett gott tecken i dessa tider när många är skeptiska och misstror Kinesiska företag noterade i USA.

Om SIAF inte är ett bluff-företaget gäller "the sky is the limit", med ett P/E nu på under 1 för innevarande års resultat, samt att företaget förväntas bli starkt kassaflödespositivt år 2014.

AD: I agree. I like to quote Mark Mobius: "I think China is still flying." We buy very few Chinese companies. We are concerned about the books and local government interference with businesses. One we have bought recently is Sino Agro Foods Inc. (SIAF:OTCBB), a dairy company. It trades on the OTC and it's extraordinarily cheap.


The Gold report - Adrian Day

Nils Erik Sandberg (Nisse) på JF tar plats i SIAF styrelse

On November 22, 2012, the Board of Directors (the "Board") of Sino Agro Food, Inc. (the "Company") appointed George Yap and Nils Erik Sandberg as non-employee directors of the Company commencing January 1, 2013

http://biz.yahoo.com/e/121128/siaf8-k.html

Gästinlägg om Börs & Finans & Mode

Mode borde höra ihop med framgång. Stil, klass hänger ihop med basic-mode skills.

Modegallerian.se verkar vara ett exempel på sajt där man kan fräscha upp sin stil estetiskt. Efter bra klipp på börsen kanske läge att höja elegans-klassen ett steg?

Börs och Finans i naturligt samarbete med Mode.

Börs Mode & Finans.


Jag har alltid tyckt att om man nu ska vara välklädd i kavaj, skjorta, slips, varför vara det på ett main-stream grått och tråkigt, ja färglöst, sätt.


Varför köra på Stil, klass. Bra stil och framgång på börsen borde visuellt synas estetiskt på smakfullt stiligt elegant klädsel.

Tyvärr kan man inte alltid köpa stil eller klass för massa pengar. Det behövs känsla eller talang för sätta ihop en grym helhet.

Förslag på ny företags skatt i Kina tros gynna 900.000 företag

Tax cut to benefit over 900,000 enterprises

English.news.cn 2012-11-26 19:45:00

NANJING, Nov. 26 (Xinhua) -- China's new round of structural tax cutting is likely to benefit more than 900,000 enterprises nationwide, according to a working conference held here on Monday to discuss the country's piloting of replacing business tax with a value-added tax (VAT).

About 710,000 enterprises have been covered by the tax-cutting program, and another 200,000 will be included starting from Dec.1 this year, according to the meeting jointly held by the Ministry of Finance and the State Administration of Taxation.

Shanghai piloted the program on Jan. 1 this year in an effort to decrease the overall tax burden and boost the transportation and service sectors. The pilot was then expanded to provincial regions including Beijing, Guangdong and Zhejiang later this year.

Tianjin, Hubei, Zhejiang and Ningbo will also join the program from next month, under previous plans.

All the works are progressing in an orderly and effectively manner, and the performances of the launched pilot programs have exceeded previous expectations, said representatives at the conference.

The reform has effectively promoted the growth of tertiary industry, especially the service sector, and encouraged the development of small and micro-sized enterprises, those present at the meeting agreed.

In Shanghai, the tax cut has helped reduce enterprises' tax burdens by 22.5 billion yuan (3.57 billion U.S.dollars) in the first 10 months of this year, while in Beijing, the new measure has cut tax revenue by 2.5 billion yuan in two months.

At the meeting, Vice Finance Minister Wang Jun urged further work to ensure full success of the pilot programs, following the development blueprint mapped out at the recently concluded 18th National Congress of the Communist Party of China and related government meetings.

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Presentation av Ericsson på stora aktie & fonddagen

Aktiespararna anordnade idag Stora aktie- & fonddagen i Nasdaq OMX lokaler


Det redan kända är att Ericsson inte alls är samma företag nu som för tio år sedan.

Ericsson är inte bara Network och man ser tillväxt framöver i det Mobila interners kölvatten.



Ericsson är ett bra köp, men när? Jag tror att det ännu är lite för tidigt att gå in i Ericsson och ligger kvar med tyngden i silver, genom Aurcana

Tänkvärd artikel i Dagens industri om LUPE

Lundin jagar längre norrut

Uppdaterad 2012-11-23 08:04. Publicerad 2012-11-23 06:04

Hans Christen Rønnevik, Lundin Norways chefsgeolog, ordförande Ian Lundin samt Lundin Norways vd Torstein Sanness.Foto: Jon Gustavsen

Jakten på olja utanför Norges kust flyttar allt längre norrut. Kursfenomenet Lundin Petroleum tror alltmer på Barents hav som nästa fyndplats, före Nordsjön. Det skriver tidningen Dagens industri, som besökt en av Lundins prospekteringsriggar.

 

Kostnaderna för att provborra efter olja utanför Norge är svindlande. Att hyra en plattform kostar Lundin Petroleum nära 3 miljoner kronor - om dagen. Dessutom tillkommer service- och assistanskostnader som nära dubblar taxan, skriver Di.

Det är det nordligare Barents hav som är den nya jaktmarken.

"I norska Nordsjön har cirka 1.000 borrningar genomförts, i norska delen av Barents hav, tre gånger så stort som Nordsjön, bara en tiondel av det", säger Lundins Norgechef Torstein Sanness till Dagens industri.
Men skeptiker hävdar att det mest finns gas i Barents hav. Lundin-bolagets geologer avfärdar dock det, och pekar på de framgångsrika upptäckter de gjort, som megafyndet Johan Sverdrup, det femte största oljefältet någonsin i Norge.
"En del tror att vi bara vinner på Lotto. Till dem säger vi att man vinner inte på Lotto vart tredje år", säger Torstein Sanness till Dagens industri.

DI.se - Lundin jagar längre norrut