BG Group Share Discussion Threads

[tweeeek] 15/1/2013 10:34

I hear you octo you don't have to shout, must admit my profits on this are lower than a few weeks ago but I still add to my short 1062 today. I can assure you of one thing and that is there will be no takeover at these prices, lets wait till it gets to £8.50

[octopus100] 15/1/2013 10:18

TWEEK THIS CAN'T BE GOOD FOR YOUR DERAMPING ALL THESE ANALYSTS POSITIVE PRICE TARGETS. OF BIGGER CONCERN TO YOU WILL BE WHEN THE TAKEOVER RUMOURS THAT PERIODICALLY OCCUR RETURN AT WHICH POINT THESE WILL BE £13+

[tweeeek] 15/1/2013 08:40

Thats a fair point phil, but those on the ground are saying that the fighting is having little effect on RRS, the mines are still running and only issues are with some disruption to transport. They are working around this and worse case can stockpile the gold in the heavily guarded mines until these matters are resolved, heck the gold price may have crept even more by then.

[philanderer] 14/1/2013 23:27

Just 15 trading days until the Q4 2012 Earnings Release and Strategy Presentation on february 5th. Tweeeek, I still reckon there`s more to be had by shorting Randgold even at these levels with all this Mali trouble.

[dr biotech] 14/1/2013 21:04

So can you post some of that information then?

[tweeeek] 14/1/2013 20:40

This is complete hogwash, the information that I am being given would suggest this share price is going to crash horribly and these very brokers will have a lot of explainging to do to the authorities. Also the charts clearly show that this is not a very healthy stock.

[philanderer] 14/1/2013 16:24

Sorry Tweek but I`m afraid there`s one more today, last one , promise :-) 14th january 2013 BG Group plc (LON:BG) have received a new guidance update from analysts at Nomura. The key changes to existing guidance has been made to EPS forecasts while other elements to investor guidance remain unchanged: BG Group is maintained at a Buy with a target share price at 1600p. http://www.economy-news.co.uk/bp-plc/2428-bp-earning-per-share-guidance-2013-204-43535345

[tweeeek] 14/1/2013 14:36

LOL.will you stop it phil this is ridiculous the only reasonable one that I saw was a few weeks ago and the broker said it was worth about a tenner.

[tweeeek] 14/1/2013 10:55

Goodness knows where on earth they pluck these figures from but good luck to them, they'll need it.

[philanderer] 14/1/2013 10:14

14th january Morgan Stanley equal weight tp 1170p

[philanderer] 14/1/2013 09:01

Morning everyone. Goldman Sachs reiterating 'conviction buy' this morning.

[tweeeek] 14/1/2013 08:29

Morning all, its nice to see this back to its normal self. Unfortunately missed out on adding to my short this morning but got one in at 1048.

[philanderer] 13/1/2013 15:00

photo of the week :-) Drilling rig, Karachaganak, Kazakhstan BG Group is joint operator of the giant Karachaganak field in north west Kazakhstan. The field covers an area of more than 280 kilometres where some 375 wells have been drilled. Only 10% of the total gross estimated reserves have been produced to date. http://www.flickr.com/photos/bggroup/8370740902/in/photostream

[philanderer] 11/1/2013 19:41

Much better week arja, slowly, slowly... 2p a day would do me fine ;-) Welcome aboard Dr. This may have also helped today.. Gujarat State Petroleum Corp gets CCI nod for GGCL acquisition AHMEDABAD: The Competition Commission of India is learnt to have given its nod to the state venture Gujarat State Petroleum Corporation (GSPC) for acquisition of BG Group subsidiary Gujarat Gas Company Limited (GGCL). A government of Gujarat official engaged with the energy and petrochemicals department confirmed the development. GSPC emerged as a sole bidder for BG Group's 65.12% stake in GGCL that is country's largest city gas distribution player in the private sector. http://economictimes.indiatimes.com/news/news-by-industry/energy/oil-gas/gujarat-state-petroleum-corp-gets-cci-nod-for-ggcl-acquisition/articleshow/17985669.cms

[arja] 11/1/2013 14:09

afternoon philanderer, so that is why it is starting to p[erform at last ! sorry for typing error - teansposition indeed ! I think tweeeek is playing a dangerous game not partially closing his shorts but presumably he is still in a paper profit position - he has stronger nerves than me ! chart shows a short term steady uptrend perhaps back to 1070 or 1080 area .

[dr biotech] 11/1/2013 13:20

Well FWIW I am in here - bought a modest amount over the last couple of days. So time for everyone else to head out. Not held a smallish O&G play since the days of Clyde Petroleum (and Goal). That goes back longer than I care to remember, I think I lost 80% on that one till they recovered over several years...

[philanderer] 11/1/2013 13:03

Good weekend Tweeeek, .. I`ve been roped in to going to a George Bernard Shaw play :-S

[tweeeek] 11/1/2013 13:00

Have a good weekend all, I'm done for today, hopefully see this return to falling in the coming weeks.

[philanderer] 11/1/2013 12:30

Tanzania / Ophir news... FT Alphaville Ophir Energy PLC (OPHR:LSE): Last: 543.50, down 19 (-3.38%), High: 552.00, Low: 505.00, Volume: 2.27m BE Reports that BG doesn't want their rig to drill in Tanzania. BE All stemming from a Jefferies note, I think. BE Rig sources have reported that BG has not exercised its extension options on the Deepsea Metro I with Ophir in Tanzania beyond 8 Jun/13. Ophir states the JV is looking for a cheaper option for drilling in 2H13. We believe this may the delay high-impact exploration on outboard Block 1 and raise doubt in investors' minds about BG's enthusiasm chasing the exploration upside until a new rig is confirmed, weighing on the stock short term. BE Ophir states the JV looking for a cheaper option. The Deepsea Metro I had an original contract term of 12 months beginning in mid-December, 2011. BG elected to take its first 6 month extension option, extending the contract to June 8, 2013. BG had two additional 6 months extension options which could have extended the contract to June 2014. The rig deal was signed in April 2011 and the first year of the contract was for $175m, implying a dayrate (likely including some mobalisation charges) of $480k/d. Current spot rates for rigs of this spec are low-to-mid $600k/day, 25-35% higher than the rate for 2012. The cost escalation for the options has not been disclosed so it is not possible for us to evaluate the possible cost/benefits of releasing the rig. BE Short term impact – likely delay of major catalyst for the shares. The biggest short term impact is a likely delay in testing the high impact outboard prospects in Block 1 Tanzania, one of the most important catalysts we see for Ophir in 2013. Drilling was previously planned to start mid-year. The rig will be active on the Mzia 2 appraisal and Jodari flow test until end-Feb, leaving rig time available before early June to drill an outboard well. The program is still being decided and an outboard well remains a consideration. However, with the amount of seismic that still needs to be fully interpreted and a well expected to cost c.$85m, we believe it will take a heroic effort to be fully prepared to drill a well before rig release and is unlikely the JV will be willing to take on unnecessary increased risk just to accelerate news flow. BE Laura Loppacher is the analyst. BE And the response from the Ophir fan club has been "cool your beans." BE Here's Oriel, for instance. BE News that BG will not be extending the Metro-1 drill ship contract in Tanzania beyond June has been blown out of proportion with regard to the timing of the drilling of the first Kusini outboard well and implications for Ophir's share of a Tanzania LNG project. BE First well in the Kusini Outboard could still be drilled in 1H13: As operator BG has cancelled the extension of the Metro-1 drill ship contract beyond June. However, as the rig is currently carrying out the Mzia appraisal well before moving onto the Jodari DST (both of which take around 30 days) this leaves time for the rig to drill a Kusini outboard well. The key issue is whether the partners will be ready to choose a prospect in the Kusini outboard. If they are not, the well may slip into the next campaign which could be in 2014. PM (Bang Tidy - Cenkos has a resources team, focused on e&p rather than services - Will Dymott, Ashley Kelty & Ian McInally...) BE No change to the big picture: BG and Ophir remain of the view that they have already discovered enough resource (10TCF) for a 2 train LNG project and therefore any development timelines are unaffected by the drill ship announcement. BE And SocGen BE We have spoken to BG, which says no decision has been made yet. Exploration operations typically entail the signing of rigs for set periods of time under contract and typically the partners will decide at some stage whether to sign another rig post June (or extend a current rig if the option exists in the contract), or whether instead to run seismic and analyse their drilling results for a period. BE SG View. We continue to see any weakness as a buying opportunity and look for three potential share price catalysts in H1 13: 1) conclusion of 3D seismic processing in pre-salt Gabon by PBR and well commitment for H2 13 (read-across from Cobalt drilling); 2) conclusion of 3D seismic processing in deep water Tanzania and well commitment for Q2 13 (read-across from ENI drilling); 3) Drill stem test on Jodari in February to provide evidence of the reservoir's deliverability required for the BG-operated project to move one step closer to confirming commerciality. Ophir still offers investors significant upside potential from drilling in 2013 and we prefer have exposure ahead of drilling announcements. http://ftalphaville.ft.com/marketslive/2013-01-11/

[tweeeek] 11/1/2013 09:43

Ok thanks, well I'm still short on these and will look to add further if it hits the resistence level.

[philanderer] 11/1/2013 09:28

Morning Tweeeek. Maybe this overnight news in the Aussie press? New BG Group boss may sell Queensland utilities 7:17 AM, 11 Jan 2013 inShare QUICK SUMMARY | FULL STORY | RESOURCES & ENERGY | INFRASTRUCTURE BG Group Ltd may sell several billions of dollars worth of pipeline and utility assets connected to its $US20.4 billion ($A19.438 billion) liquefied natural gas (LNG) project in Queensland as a result of a leadership change at the British gas company, according to The Australian Financial Review. The newspaper cited sources close to the company suggesting that BG Group's new chief executive Chris Finlayson is more likely than his predecessor, Frank Chapman, to monetise assets to free up capital, with the Queensland Curtis LNG venture a likely candidate. Fortescue Metals Group Ltd has undertaken a similar process in Western Australia to raise between $3 billion and $4 billion, while Xstrata is using third-party utility providers. "A strategy of earlier monetisation would make sense," London-based UBS energy analyst John Rigby said, according to The Australian Financial Review. "The change in CEO may be the catalyst for change." http://www.businessspectator.com.au/bs.nsf/Article/New-BG-Group-boss-may-sell-Queensland-utilities-pd20130110-3TQDZ?opendocument&src=rss

[tweeeek] 11/1/2013 09:17

Not for me phil, wonder why its moving up, maybe a blip before it heads south again.

[philanderer] 11/1/2013 09:08

Morning all. At least we`re still in the right direction.

[philanderer] 10/1/2013 16:40

BG boss 'favours Qld utilities sale' 10th january The leadership change at BG Group may trigger a multibillion-dollar sale of pipeline and utility assets connected to the UK gas company's $US20.4 billion liquefied natural gas project in Queensland. http://www.afr.com/p/business/companies/bg_boss_favours_qld_utilities_sale_jXmpe9VDy9uGariNxbWCBL Technical forecasts for BP Plc, BG Group plc and Tullow Oil plc are positive http://www.economy-news.co.uk/stocks/2402-tullow-oil-bg-group-and-bp-shares-543543