Songa Slumps as Delays, Funding Hole Dent Prospects: Oslo Mover
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Songa Offshore SE, a Cyprus-based offshore drilling contractor, slumped the most in six months in Oslo trading as delays in rig construction and a possible funding gap raised investor concern about future cash flows.
Shares in the Limassol-based company fell as much as 13 percent, the most since Feb. 5. The stock lost 9.1 percent to