BG Group Share Discussion Threads

[philanderer] 19/1/2012 12:56

BREAKING: EU governments to impose sanctions on Iran's Central Bank and oil sector on Monday - Alain Juppé says.

[philanderer] 19/1/2012 12:52

Financials pulling markets up by their boostraps today - BARC +8%

[mug punter] 19/1/2012 12:17

Some guy on CNBC this morning saying that the current market cap is justified by the Brazilian assets alone.

[elmfield] 19/1/2012 12:04

scotty, phil, and £15 we have!

[melf] 19/1/2012 12:00

Amazing to think that in September it nearly touched 1100p. Glad I kept faith!

[philanderer] 19/1/2012 11:54

Nudging that 1500p !

[spob] 19/1/2012 09:51

A Good opportunity for BG group to ship cheap US gas back to Ripp-Off Britain.

[spob] 19/1/2012 09:49

January 19, 2012



US natural gas prices fall to decade low

By Gregory Meyer in New York

FT

US natural gas prices have sunk to the lowest point in a decade as the shale drilling boom threatens to fill the nation's underground storage network.

Nymex February gas was $2.402 per m British thermal units early Thursday, down almost 50 per cent from a year ago to return to levels last reached in early 2002.

More
On this story
Gas market US set to change roles from importer to exporter
US industry hits at LNG export plan
North America US has its eye on oil independence
IN Commodities
First senior exit at Glencore since IPO
Asia proves bright spot in weak oil market
Oil demand falls for first time since 2009
Hopes grow of weakening La Niña


The decline marks a stunning turnround for a market that was building sea terminals to handle an anticipated flotilla of imports just a few years ago. Drillers' use of horizontal drilling and hydraulic fracturing techniques has instead added decades to estimated reserves, allowing the US to ponder significant liquefied gas exports.

Analysts say that with production at records and mild winter temperatures leaving inventories swollen, prices could approach $1 per m Btu later this year. At some pipeline hubs near production centres, gas sells for discounts of as much as 30 cents below prices at Henry Hub, the Nymex delivery point in Louisiana.

Weak household demand for heating has raised the prospect that underground storage facilities will bulge with record stocks of more than 2tn cubic feet by the end of winter. Bentek Energy, a market analysis group, last week warned that some swollen storage facilities may soon be forced to let out gas to maintain operational integrity, causing "extreme downward pressure on prices in March."

Even a hot summer, which would force electric power plants to burn more gas, may not keep inventories from straining proved storage capacity of 4.1tn cu ft after the summer gas "injection season" ends in the autumn.

"We are starting the new gas year with an incredible glut," Bank of America Merrill Lynch Global Research said.

Drillers have endured low prices, pushing output above 60bn cu ft per day, because many gas wells also pump higher-value liquids and petroleum. "It's like a guy mining for silver and he keeps running into gold," said Vikas Dwivedi, energy analyst at Macquarie.

While the number of gas drilling rigs has recently declined, the pullback could take months to affect supply. Wells that have been drilled but not completed are also ready to be tapped if demand rebounds.

"We project that there will be very little supply response to a period of $2 (or lower) gas prices in 2012," Barclays Capital said, "meaning there is no short-term floor to prices."

US gas now costs just a third of prices in European markets and a sixth of gas sold in Japan, where it's $15 per mBtu. An analysis unit of the US Department of Energy is on Thursday expected to release a study on the impacts of exporting liquefied natural gas to higher-priced markets.

[philanderer] 19/1/2012 09:01

Morning guys.

Missed this one yesterday..

18th jan Bernstein outperform TP 1870p

Retains.

[scottishfield] 18/1/2012 23:00

£15, then £15.50 elm

[elmfield] 18/1/2012 21:10

so after 1470, where to next?

[scottishfield] 18/1/2012 20:40

UT @ £14.87 phil

[philanderer] 18/1/2012 15:59

1480p ... - are we going to break and hold that 1470p today ? ;-)

edit:

...well just about .. 1476.5p - 1477.5p at close

[philanderer] 18/1/2012 12:54

Breaking...

.Goldman misses 4Q sales expectations by about $300MM but delivers higher EPS vs "street" due to collapsing compensation expense

[philanderer] 18/1/2012 11:50

European Gas Markets Poised to Tighten Next Year, Bernstein Says..

....BG Group Plc (BG/) is most likely to gain from the shortfall near term because it's able to easily divert LNG cargo from Asia

[philanderer] 18/1/2012 08:50

Kenyan seismics...

[philanderer] 17/1/2012 17:05

Had to be 1470p - 1470.5p :-D

[philanderer] 17/1/2012 13:27

I reckon so Melf.

Citigroup bank results below expectations.

[melf] 17/1/2012 13:10

Surely a Greek default must be priced in now.

[philanderer] 17/1/2012 12:59

1471 -1472 ...trying again ? ;-)


Fitch Says Greece Will Default By March 20 Bond Payment

[philanderer] 17/1/2012 09:26

Nymex back over $100 yet we won`t budge above this 1470p :-)

[philanderer] 17/1/2012 09:18

Financial Times:

Saudi Arabia is aiming to keep oil prices at about $100 a barrel, a third above its previous public target, in a sign that Riyadh needs higher oil revenues to sustain a big rise in public spending.

[philanderer] 17/1/2012 09:08

Wells Fargo and Citigroup results due stateside later today

[philanderer] 17/1/2012 08:46

Morning Melf , brick wall again at the moment.... 1471p -1472p :-)

[melf] 17/1/2012 08:36

Morning Phil

Another go 1470p this morning???