BG Group Share Discussion Threads

[davidlloyd] 12/2/2013 15:45

Nice to have that sort of available wonger.

DL

[nisbet] 12/2/2013 15:27

The Chairman has just purchased 35,000 shares at £11.20.

[philanderer] 12/2/2013 09:16

12th feb UBS buy tp 1400p

reiterates

[philanderer] 11/2/2013 19:56

11th feb Deutsche Bank hold tp 1350p

[philanderer] 11/2/2013 09:44

11th feb Credit Suisse reiterates 'neutral' ...tp cut to 1150p from 1215p

[philanderer] 10/2/2013 10:36

BG Group: developing the Santos Basin, offshore Brazil

Published on Feb 8, 2013

BG Group and partners are developing the big five oil discoveries (Lula, Iracema, Sapinhoa, Iara and Carioca) in the pre-salt Santos Basin, offshore Brazil. In January 2013, FPSO 2 started production on the Sapinhoa discovery on time and on budget. A total of 15FPSO's will be onstream in the Santos Basin by 2018.


video:

[philanderer] 08/2/2013 17:33

Much ado about nothing

-19p on the week with the FTSE100 - 84points

[philanderer] 08/2/2013 13:44

photo of the week:

Inside a LNG tank at the QCLNG project, Curtis Island, Queensland, Australia

The QCLNG project includes constructing a two-train LNG plant on Curtis Island near Gladstone where the gas will be converted to LNG for export.

[philanderer] 08/2/2013 09:08

BG committed to North Sea despite analysts' warnings

Friday 8 February 2013

BG Group has stressed its commitment to the UK North Sea, although sector watchers have said the oil and gas firm should think about selling its assets in the area.

Analysts at Jefferies said the recent management change at BG presented the opportunity to refocus the company and predicted investors would welcome the sale of the North Sea assets at the right price.

In a note to clients, analysts at the investment bank valued BG's North Sea assets at around $6.6 billlion (£4.2bn).

The Jefferies analysts said while BG has generated lots of cash from the portfolio, the company has experienced problems on some assets. These impacted on production levels in the year to December 31.

The assets include a 14% stake in the Elgin Franklin development, which was shut in by Total following a gas leak in March last year.

BG could use the funds from selling what Jefferies judges to be the non-core UK portfolio to help grow its operations in areas such as Brazil and Australia.

"While we recognise the importance of the cash-flows from the UK, we deem the assets non-core to the essence of BG, therefore a future candidate for disposal," said Jefferies.

However, Neil Burrows, head of global media at BG, told The Herald: "Our commitment to the UK North Sea is undiminished."

Mr Burrows noted that the management presentation which accompanied BG's annual results announcement on Tuesday demonstrated the value of North Sea production to the company and how it plans to improve performance.

In his first annual results presentation since succeeding Frank Chapman as chief executive on January 1, Chris Finlayson said: "The UK assets have continued to create significant value for BG Group. Over the past five years they have delivered $12bn of operating profit and we have added around 200 mmboe [million barrels of oil equivalent] of discovered reserves and resources."

Mr Finlayson said BG is planning a big maintenance campaign on the Everest and Lomond fields in 2014 and 2015 after achieving big efficiency improvements on the Armada development.

"With production restored from Elgin Franklin and new production from Jasmine we expect our UK production to be higher in 2013 than 2012," added Mr Finlayson.

[philanderer] 07/2/2013 23:43

New one to me , an italian Investment bank apparently...

"Equita SIM SpA reissued their buy rating on shares of BG Group (LON: BG) in a report released on Thursday. Equita SIM SpA currently has a $22.16 (1415 GBX) target price on the stock."

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Successful appraisal of BG Group plc operated Mzia field confirmed by Ophir Energy plc

Thursday, 07 February 2013

Mzia-2 encountered 62m of net gas pay in Cretaceous reservoirs.

Ophir Energy plc (LON:OPHR) has confirmed the successful results of its appraisal programme on BG Group plc (LON:BG) operated Mzia field, Block 1 Tanzania, and the commencement of its Block 1 flow testing programme. Ophir holds 40 per cent of Blocks 1, 3 and 4; BG holds 60 per cent.

[philanderer] 07/2/2013 17:15

FTSE100 - 120pts this week, BG. holding up well at just -8p

info:

Fabricating LNG modules for BG Group's QCLNG terminal, Curtis Island

[philanderer] 07/2/2013 16:16

Video: BGGroup's "remarkable engineering feat" as it lifts LNG tank roof @QGC QCLNG, Australia

[philanderer] 07/2/2013 09:07

Resumes coverage...

7th feb BOA Merrill neutral tp 1300p

[philanderer] 06/2/2013 16:57

Afternoon arja, looks like that early morning spike was down to Goldmans, then more or less following the market.

Couple more from earlier...

6th feb Citigroup buy tp 1380p
6th feb Nomura buy tp 1500p

reiterations.

[arja] 06/2/2013 14:12

certainly a trading stock lately with big intra-day swings in share price !

[philanderer] 06/2/2013 11:32

HB Markets:

Our view: BG's Groups Q4 2012 performance was marred by a 29% drop in earnings due to lower liquefied natural gas prices and a tax credit in 2011 that wasn't repeated. However, the company has made significant progress on projects across the globe, particularly in Brazil and in Australia.

BG Group's risked exploration resources grew by more than 20%, with new licences acquired in Uruguay, Egypt, India and Trinidad and Tobago. The company's successful portfolio rationalisation programme, focussing on its core strengths in E&P and LNG, is likely to reap rewards in the future.

Also, the company's agreement with China National Offshore Oil Corporation (CNOOC) for the sale of 5 million tonnes of LNG will make it the largest supplier of LNG into the world's fastest growing energy market. With seven projects expected to come on-stream this year, the production outlook remains positive.

The company's strong fundamentals alongside the growing contribution from the expanding LNG business, is likely to result in earnings growing considerably faster than upstream production. An almost 20% decline in stock price since October 2012 makes the stock available at attractive valuations.

Given the company's rapid progress towards tapping into its world class assets in Brazil and Australia, we maintain our Buy rating on the stock.

[nick100] 06/2/2013 08:31

Energy giant BG's shares plunged 14% in October after it said did not expect any production growth next year, stunning the market, which had expected more than 10% growth. Yesterday we were told that not only is the energy group's guidance for the current year being reduced for a second time, but 2015 guidance will not be met either. Previously, we were told to expect a flat performance this year. In 2012, the group produced 657,000 barrels of oil equivalent per day (boepd) but now sees output of 630,000 to 660,000 boepd. Also, it no longer expects to hit its 2015 production target of 1m boepd.

A! n investment in BG was always about "jam tomorrow". Even before the production guidance cuts, the growth in output was back-end loaded. However, the market has re-rated the shares significantly over the past three months. The shares now trade on a current year earnings multiple of 12.9 times, compared with a previous rating of about 16 or 17. This valuation is still at a higher level than oil majors such as Dutch, however, which trades on an earnings multiple of 8. The Telegraph's Questor team is happy keeping a buy rating looking beyond 2015.

What's a few thousand barrels of oil between friends? In the case of BG Group, it is the difference between being a stock market darling and just any old oil company. Thus, BG is still having trouble meeting its production targets. A well-received presentation from Chief Executive Chris Finlayson was encouraging, but investors must wait for his more detailed strategy update in May to figure out quite where the company stands. BG is finding it tough to go from being a go-go explorer and acquirer of oil and gas assets to ho-hum producer. Let's face it, the one thing an oil production company needs to do is meet production targets, and this is where BG slips up. The company's shares trade at a 50% forward earnings premium to either BP or Shell. Investors still clearly think BG should grow faster that its two bigger sisters. It is just that they would love to know how, The Financial Times's Lex column writes on Tuesday.

[philanderer] 05/2/2013 19:49

FT market report...

"..Some traders put the move higher in BG's share price down to short positions in the stock being squeezed"

[the juggler] 05/2/2013 16:21

Anything over 1150 is a bonus :-)

[davidlloyd] 05/2/2013 16:20

1160 by close is my guess, and guess it is!!
DL