DNO ASA (DTNOF) (DTNOY), Norwegian E&P company, which has fundamentally recalibrated portfolio this year, presented its Q1 results. The figures were generally inspiring, though not without slight disappointments, such as increased lifting costs, lower netback, and negative quarterly FCF. Despite increased EPS, revenue, EBITDA, and operating cash flow, the market capitalization went into a tailspin immediately after the earnings announcement; the market dragged DNO ASA down by ~12%. In my view, this downward plunge is not justified; the response was partly caused by the full-scale trade war concerns and recent Brent correction that rattled