Noreco plunges as Huntington field shutdown threatens solvency

OSLO, Norway (Bloomberg) -- Norwegian Energy Co. ASA plunged the most on record in Oslo trading after saying it may not meet financial commitments at the end of the year because of a shutdown at its Huntington oil field this month. The producer sank as much as 76% and was down 71% to 2.38 kroner as of 12:27 p.m. in the Norwegian capital, the lowest intraday price since 2007.


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Noreco plunges as Huntington field shutdown threatens solvency Noreco plunges as Huntington field shutdown threatens solvency Reviewed by Crude Oil Brokers on 13:42 Rating: 5

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