A small update on "What is going on in Norway"...

I'm assuming those of you that might be awake at this time, got RT on OSEBX:OSE anyways, so I won't bother you with running stock quotes, but I could give you a small update on how it looks on the forums and the general index macros atm.

First of a gem from the hegnar.no forum (and more a 25 on a dusin, then one of a kind):
(translated to english by me)

Headline: "Why is QEC going up?"

"The company reports the spudding of a well. This is just expenses, and not any income in my book."

We are flooded with these kinda posts, showing worse results then CRN, but its hard to comprehend why. A lower entry is the only half sane reason that comes to mind, but on the other hand, you would have to be pretty ignorant to believe a bunch of anonymous posts on a random forum would do an impact on the SP of a 6M a day volume.

But to be a bit more realistic, its probably just the result of the age of internet-access at schools, and kids with no concept of equity trading, that likes the attention. The quoted post above illustrates that lack of insight.

Just like the doomsday analyst that pop up like shrooms everytime the indexes turns red. Right before the big relief rally, a norwegian analyst caught big headlines for saying "NORWAY COULD END UP LIKE GREECE!", so you catch my drift.

So back to the OSE action. OSEBX just done a double test of 368 (-2%), both times holding, consistent with the Brent Oil flatening its fall around 77,8USD(-2.6%).
If you lay a chart of the DAX-index (Germany) on top, the movements pretty much fit like a glove, with the OSEBX going a bit deeper then the DAX (-1.36%), since we are so oil-heavy.

Not the best of environements for QEC, as we usually stick like glue to the OSEBX, times three, but it might prove the better in the long run cause we might see a more controlled increase in SP, then the panic spike new might have created under a green OSE. As long as you guys don't panic in the negative sense, just we are taking it a bit slower in Norway atm.

Just keep in mind that the falling Brent Oil is the only thing that keeps QEC:OSE from breakin 20 on onwards on high volume and you'll do fine :)

The oil-price ain't something thats really that fundamental to QEC or even the NG-price, but its the bread and butter of OSE.

Currently fooling around at about 19,50 NOK, up 3.17%, with 20.10 slightly tested twice.

And we are all waiting for the Q1!