BG Group Share Discussion Threads

[sanks] 07/2/2014 10:40

She is, st. She nurses the bell of nob with the highest care offered, even better then BUPA nurses.

Thats why i have a level 4 target of £4.73
It'l start to make sense soon

Sanksalot

[supermarky] 06/2/2014 11:14

Sanks if all your targets are set at such stupidly low entry points you must never buy anything!

[mitchy] 04/2/2014 09:52

What's the diffference between sanks and BG?..answer , sanksy has more natural gas!

[sanks] 03/2/2014 22:08

...markets are now in "Shag" mode!
target remains 4.73

Please be careful...Sheila told me last night
Hope it helps

[supermarky] 03/2/2014 09:24

Any thoughts about tomorrow anybody? Surely it can only be up from here?

[mjb2] 31/1/2014 19:49

Phil140158 – As I invest only in energy, commodities and utilities, I couldn't turn down the opportunity of getting some BG at today's price. I'm in it for the long run but if I can turn a profit on a stock, I'll sell.

[phil140158] 31/1/2014 16:40

Good luck, mj. I think there may be more bad news from Eygpt, but we might expect to see a decent news stream from Australia and Brazil, so I predict a bumpy ride. £150 million worth of shares traded today, so we are not alone.

[mjb2] 31/1/2014 12:08

Just bought a few @ 1019 as phil140158 has as an investment not a pure trade. See how things work out.

[phil140158] 31/1/2014 09:12

Super - I bought at 1029 and was cursing not having waited a bit longer, but my loss seems to have disappeared now! Investment though and not a trade, so I'll see how the land lies when it gets back to 1300.

[sanks] 30/1/2014 17:36

Hi my nobular friends

I wish you could see what i see. If only you looked through the level 4 window and into Fit birds house across the road..you'd see what i see. Infact, i see this easily dripping below £10..and most definitely below £8..cos Sheila told me last night.

Thats why i have buy orders in titty batches closer to £4.73, so i'm not catching a falling knife.

Hope this begins to make some sense soon.
Sanks...trading amongst genuine nobs

[supermarky] 30/1/2014 14:53

I know it is just a few pence really and I should really go for it but I would like 10.00 on the nose.

[salpara111] 30/1/2014 12:51

The support line is clearly £10 so I have set a limit order which I guess will get filled either today or tomorrow.

[supermarky] 30/1/2014 09:28

Come on 10.00 I want some more!

[phil140158] 29/1/2014 22:11

Thanks for your post TDay. Next time I come across Sanks' work on the BBs, I'll try and hold onto that vision!

[eisler] 29/1/2014 18:42

Drop way overdone

[marben100] 29/1/2014 18:02

u813061,

I asked about the non-operated nature of Brazil at last year's AGM. I was advised that BG have a technical team of about 200 out there, working closely with Petrobras, and that their technical recommendations are listened to. That gives me some comfort.

The biggest problem with Brazil (besides the technical challenges, which are many for the sub-salt plays) is govt. interference - e.g. local content requirements pushing costs up.

Cheers,

Mark

[tday] 29/1/2014 17:06

Don't be horrible to Miss Sanks. She is a spinster of mature years, living alone on her old age pension, in a bungalow in Frinton-On-Sea.

[u813061] 29/1/2014 15:12

The government now owes BG about $1.2 billion in payments for its gas

This is an important point. I'm not sure when BG last got paid by the Egyptian Government.

It puts more pressure on Brazil and Australia to deliver. Brazil is non-operated and Australia has many technical challenges.

[marben100] 29/1/2014 10:14

kibes,

The situation in Egypt is actually worse than that: not only is gas for export being diverted but payment for the diverted gas is erratic (at best!). See hxxp://www.nytimes.com/2014/01/28/business/international/bg-group-warns-of-gas-problems-in-egypt.html?_r=0

"...But the political ferment has worsened Egypt's financial problems, adding to the government's tendency to withhold payments to oil and gas producers...

...The government now owes BG about $1.2 billion in payments for its gas..."

Nevertheless, I do feel that at this share price the market is undervaluing BG's potential, so also added on Monday.

Cheers,

Mark
Twitter @marben100

[donaferentes] 29/1/2014 08:55

Added yesterday, since this looks well oversold to me. Egypt is a short term problem that will be resolved. Uk is a longer term problem. Australia and Brazil are the drivers and they are about to embark on a serious non-core asset disposal, so free cash flow should be looking well up from here.

[nickg2] 29/1/2014 08:28

Looks like it's recovering today

[kibes] 28/1/2014 12:57

So how serious is the situation in Egypt? They are being forced to divert nearly 1 billion scfd to the domestic market (which is a hell of a lot) at presumably lower prices than if they converted it to LNG and exported it and as a result will default on their LNG contracts. Is this situation temporary or likely to continue? If as they say the Egyptian state is defaulting on its obligations that would be extremely damaging to investment in Egypt (which is very badly needed). The share price drop looks an over-reaction to me, although it is not likely to recover quickly.