BG Group Share Discussion Threads

[philanderer] 31/1/2012 20:18

Telegraph market report...

...... the FTSE 100 still put on 10.52 points to 5,681.61, while the FTSE 250 rose 75.18 points to 10,769.35. That meant the benchmark index finished the month up 2pc, managing its best monthly showing since October.

Fuelling the large-cap rebound were the oil explorers and producers, which were buoyed by a jump in the price of Brent crude as traders continued to fret over the potential for supply problems.

BP climbed 12.4 to 470.85p, while Tullow Oil advanced 49p to £13.90, despite Investec cutting its rating to "hold". BG Group gained 21p to £14.25.

[miata] 31/1/2012 09:27

BG has been spending heavily on infrastructure in Brazil and Australia and its forthcoming results are likely to show only a 3.8% increase in profit compared with perhaps 12% for BP and 29% for Shell.

This is a long-term play.

[mikejay] 31/1/2012 09:02

Something doesn't smell right

Has BG loaned to Greece

[miata] 30/1/2012 14:12

BG group agrees to add 2mtpa to its deal with Cheniere energy.

Investment bank Tudor Pickering Holt put the total value of the deal at $4.3 billion, or about $1.25 billion more than the original agreement. Analysts there called it "another good deal for BG" and sees it as "creating value with no capex and hedge against [BG's] US volumes".

[the bear man] 30/1/2012 11:12

i.e. this-




By Mark Chediak - Jan 26, 2012 12:00 AM GMT .

Natural gas prices that slumped to a 10-year low this month could save U.S. consumers $16.5 billion on home energy bills over the course of a year, according to a senior economist at the U.S. Federal Reserve.

U.S. households might see total savings from lower gas prices of as much as $113 billion a year through 2015, including tack-on effects such as lower product prices and higher wages generated by cheaper fuel, according to energy industry consultants IHS Inc. (IHS)

The projected savings is "an unbelievable amount of money," said Greg Ebel, chief executive of Spectra Energy Corp. (SE), during a Jan. 17 interview. "That's better than any tax cut you've seen out there, better than any government handout."

If consumers end up pocketing more than $100 billion due to low gas prices, it could add a "significant" piece to U.S. gross domestic product growth for 2012 or 2013, said Robert Solow, professor emeritus at the Massachusetts Institute of Technology in Cambridge, who won the 1987 Nobel Prize in economics. "If that figure is right, it's a substantial amount," Solow said in a telephone interview yesterday.

The savings realized by the nation's 113 million households will vary depending on location and how much gas makes up the home's total energy bill. Gas utilities are passing along the lower prices they're paying for the fuel because of a glut of new domestic production from hydraulic fracturing and horizontal drilling in shale formations.

[the bear man] 30/1/2012 10:55

any idea what impact the shale gas price slump has on BG

[philanderer] 30/1/2012 08:45

Morning all

Meanwhile yet another EU summit, no result from the Greek bond restructuring and Sarkozy slaps on his financial tax.

Nymex below $99 at present

[mpclag] 30/1/2012 07:55

results out in just over a week-should be interesting giving the growth in volumes and prices of their LNG business

[philanderer] 27/1/2012 22:43

'Call for EU to control Greek budget' - Financial Times.

In other words Germany :-S

....thin end of the wedge.

[philanderer] 27/1/2012 15:56

Afternoon sf, I think it`s a combination of the GDP which came in less than expected combined with Chevron missing it`s numbers.

[scottishfield] 27/1/2012 14:02

Are they really so bad?

[philanderer] 27/1/2012 14:01

Breaking down with those US GDP figures.

[spob] 26/1/2012 13:01

January 26, 2012 11:00 am

Obama seeks to lift natural gas demand

By Ed Crooks in New York

FT


Plans to increase US demand for natural gas, including a new tax break for gas-fuelled trucks, are being unveiled by President Barack Obama on Thursday as part of the effort set out in his state of the union address to support "American-made energy".

The proposals, some of which will require legislation from a Congress that has been reluctant to endorse any of president Obama's initiatives, include a new lease sale of offshore drilling rights in the Gulf of Mexico, the second since the Deepwater Horizon disaster in 2010.

The plans to strengthen gas demand follow a slump in the US gas price to a ten-year low last week. This was caused by the boom in reserves that were previously thought to be uneconomic, weak demand because of warmer weather than expected and the slow growth of the economy.

Gas producing companies such as Chesapeake Energy and ConocoPhillips have been announcing plans to cut back their North American gas output.

They are also hoping, however, that increased demand will help lift prices from their present levels of about $2.75 per million British thermal units.

President Obama's proposed tax break for trucks powered by gas or other alternative fuels would be worth half the difference in price between one of those trucks and a conventional diesel-powered vehicle.

Among other proposals, he also wants a competitive grant programme to give funds to communities that come up with ways to break down the barriers to greater use of natural gas, support for investment in infrastructure such as filling stations and help for municipalities to switch to gas for their buses and trucks.

With US crude oil at about $100 a barrel, gas is a much cheaper alternative.

However, the growth of vehicles using natural gas as fuel has been restricted by the lack of infrastructure such as filling stations to give drivers the confidence that they will be able to refuel when they need to.

President Obama will be making his speech at a UPS depot in Las Vegas, which has trucks powered by liquefied natural gas (super cooled to minus 162 degrees centigrade) in its fleet.

UPS had been reluctant to deploy LNG-powered trucks in that area, the administration says, because of the lack of infrastructure, but the company was able to switch to gas after a filling station was opened in the city, thanks in part to help from the president's 2009 stimulus package.

Mr Obama has been stressing the value of US gas production in terms of job creation and the environmental benefits of burning gas rather than coal to generate power.

The substitution of gas for oil in transport could help US energy security, given that oil imports are still running at almost 9m barrels a day.

[philanderer] 26/1/2012 09:27

And as Soros says, things could be worse for the UK: we could be in the euro .

Morning :-)

[philanderer] 25/1/2012 12:29

Oh blimey..

The Daily Telegraph:

George Soros, the billionaire investor, has predicted riots on the streets and global class war as the economic downturn results in a new "age of fallibility".

[mpclag] 25/1/2012 08:32

yea with Sam Laidlow at the helm, I would expect some corporate action at some stage

[philanderer] 24/1/2012 20:01

Agree mp, plus Centrica (CNA) yielding nearly 6% looks good value.

Fine performance by BG. today.

[mpclag] 24/1/2012 17:53

must admit the food retailers seem quite attractive at their levels

[philanderer] 24/1/2012 09:02

Morning mp.

I`m still unsure with the market. Defensive stocks for me at present with energy exposure through BG. and ENQ

[mpclag] 24/1/2012 08:09

I personally think were at the start of a long bull market-all the key ingredients here. Only worry is about inflation on the coming years-bad for bonds good for equities.

[philanderer] 23/1/2012 19:28

I`m sure it will happen Melf and I`ve still got a reasonable exposure here.

Just wanted to put some funds into the precious metals sector, which I think will do well short term, without increasing the amount of cash I`ve got invested in equities.

[melf] 23/1/2012 19:01

So you think those broker targets around the 1800p mark are unlikely to happen for a while Phil?

[philanderer] 23/1/2012 16:40

Sold part of my remaining holding today , just left with a free carry.

Nymex $99+

[philanderer] 23/1/2012 13:01

We`re a bit stuck here at the moment.... BP and Shell both heading north today.

Iran oil embargo to be phased in July 1