BG Group Share Discussion Threads

[miata] 05/3/2012 10:04

05 Mar BG Group PLC BG. Credit Suisse Outperform 1,521.50 1,730.00 1,730.00 Retains

05 Mar BG Group PLC BG. UBS Buy 1,521.50 1,635.00 - Reiterates

05 Mar BG Group PLC BG. Oriel Securities Add 1,521.50 - - Retains

05 Mar BG Group PLC BG. UBS Buy 1,521.50 1,635.00 - Reiterates

[miata] 05/3/2012 09:59

BG Group has started test drilling in the Iracema area of the BM-S-11 concession in the pre-salt Santos Basin off the coast of Brazil.

The floating production, storage and offloading vessel (FPSO) Cidade de São Vicente was connected to the RJS-647 well, in water depths of 2,212 metres, and will remain in the area for around half a year, gathering technical information on reservoir behaviour and oil flow in the sub-sea lines.

The well test is part of BG Group's fast-track development for its interests in the pre-salt Santos Basin discoveries and prospects. The information gathered will support the development of the final production system in the area, expected to be in operation by the end of 2014.

BG Group has a 25% interest in block BM-S-11, with operator Petrobras holding 65% and Petrogal Brasil SA 10%.

[stavros28] 03/3/2012 13:00

Gas price is at all time low in the States this is a perfect contrarian play.
All your other commods are very high. Its time to buy a good British Company ( for now)


Stavros GAS bull.

[philanderer] 03/3/2012 08:53

Indepenfent newspaper market report...

"...Elsewhere, BG Group slipped 3p to 1,523p as UBS said that during a recent field trip to Brazil the explorer "gave a pretty clear message that ... a partial sell-down of [its operations in the country] is not imminent".

[spob] 29/2/2012 00:14

February 27, 2012 6:55 pm

Blackstone funds Cheniere Energy's new LNG plant

By Dan McCrum

FT

Blackstone has agreed to provide $2bn of financing to Cheniere Energy Partners to fund the construction of a natural gas liquefaction plant.

The agreement comes as private equity groups look for opportunities thrown up by the glut of fuel created by new drilling technology.

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Cheniere is to build a plant in Sabine Pass, Louisiana to chill and compress gas for export to Europe and Asia where prices for natural gas are higher, the first such plant to be built in the continental US.

The deal comes amid heightened private equity interest in energy assets.

At the weekend, El Paso Corp agreed to sell its oil and gas exploration and production business to a private equity consortium led by Apollo for $7.15bn, the second large private equity takeover of an energy producer in the last six months. In November, KKR announced the $7.2bn purchase of Samson Investment.

The $2bn of financing is to come from Blackstone's flagship buy-out fund and an energy fund that is still raising cash.

The investors have received rights which will convert into a Cheniere equity stake once the plant is completed. During the five-year construction process, Blackstone will receive payment-in-kind rather than cash interest; its stake will increase by about 18 per cent a year.

Construction is expected to cost between $4.5bn and $5bn, with the balance raised from debt financing. Work is planned to start in April, pending final approval from the federal energy regulator.

While other deals in the sector were based in part on an expectation that depressed gas prices may recover, the Cheniere project is "gas price agnostic", according to a person familiar with the investment.

The company has contracts in place with customers such as the UK's BG Group and India's Gail to buy the plant's production for 20 years once it is completed. It has presold 100 per cent of expected baseload production, the normal level of operation, and half of forecast seasonal peak output, the person said.

Energy producers are rushing to develop export infrastructure for liquefied natural gas due to the glut of gas supply created by fracking and horizontal drilling techniques that have caused US gas prices to plummet.

Blackstone financed a $250m convertible debt security for Cheniere in 2008. The private equity firm now expects to appoint four directors to Cheniere's board.

[stavros28] 27/2/2012 16:15

YES this baby is on the move big time.

Stavros options bull

[miata] 24/2/2012 08:31

BG Group plans to sell half of its 40 percent interest in the Quintero liquefied natural gas plant on Chile's central coast as it focuses on developing natural-gas fields in the U.K. and Brazil.

[miata] 23/2/2012 09:04

23 Feb BG Group PLC BG. JP Morgan Cazenove Overweight 1,509.50 1,900.00 1,900.00 Retains

India's diversified Adani Group is interested in picking up the 65% stake of BG Group PLC in Gujarat Gas Co., Adani Chairman Gautam Adani said Thursday.
The deal is valued at about $900 million.

[stavros28] 22/2/2012 17:41

Again today BG up FTSE down we have a good 1 gents.

Stavros

[miata] 22/2/2012 16:37

The rising tide of high oil prices lifts all energy shares, but as the graph above shows, some rise more strongly.

[elmfield] 22/2/2012 16:22

Very nice rise today, what a great share to hold in any portfolio.

[stavros28] 21/2/2012 08:56

Looking for this to move to £18. Safe to sell puts below the action now it has shown its hand.

Stavros

[mpclag] 20/2/2012 08:37

last chance to get in below £15?

[stavros28] 16/2/2012 10:24

BG on the move up against the FTSE good sign.

Stavros

[stavros28] 14/2/2012 17:00

Bionic not looking to ramp any stock just repeating what the brokers say!!

Buy Buy Buy

Stavros

[miata] 14/2/2012 10:54

I think Buy, Outperform, Buy, Conviction Buy, Buy (post 1735) has some strength.

13 Feb BG Group PLC BG. Collins Stewart Buy 1,474.00 1,750.00 1,750.00 Reiterates
13 Feb BG Group PLC BG. Liberum Capital Hold 1,474.00 1,658.00 1,645.00 Downgrades
13 Feb BG Group PLC BG. Societe Generale Buy 1,474.00 1,700.00 1,700.00 Retains

[bionicdog] 14/2/2012 10:44

A multi-billion pound company isn't going to move on the strength of that sort of post.

[stavros28] 14/2/2012 09:51

Buy Buy Buy yes starting to stack up as a very firm growth company.

Stavros

[apad] 14/2/2012 07:58

People,
Debt is being stretched to finance BG playing with the big boys.
This share is a hold for a year unless/until it has a Chinese hook-up
Reread the Lex column - it says it all:

Projected growth predicated on vast development projects in Brazil and Australia that will test the group's financial capacity - can BG go it alone?

Can BG finance its 27% share of Brazil?

Operational cash flow of $10bn in 2011 plus $5.6bn raised on bond markets is enough to fund a capex program of $11bn a year.

BG's ability to extract profit from Brazil depends on Petrobas, which is huge but overstretched.

Shell (revenue $470bn, cf BG $21bn) intends to spend $30bn in 2012. I.e 20 times the revenue cf 3 times the capex illustrates the degree of BG ambitions.

Big bets on gas are a mixd blessing. BG is repositioning itself as a middleman between supply heavy US and demand heavy Asia.

It is now at that difficult age where keeping up momentum can only get harder.

[mpclag] 14/2/2012 07:37

pause before next leg up imho

[philo124] 13/2/2012 23:07

Thanks Phil, CS comment on the results were that they were flattered by $277m tax credit, slight reduction in short/medium goals but long term still a buy.