Energiser Investments Share Discussion Threads

[waldron] 19/12/2018 07:54

The Doel saga. Engie extends the Doel 1 stop until March, in order to repair a water leak. The history of the Belgian nuclear group is not a long quiet river. Doel 1 was supposed to restart at the end of January.

[waldron] 18/12/2018 17:21

Total
46.755 -3.83%

Engie
12.67 -1.52%

Orange
14.225 -1.45%

FTSE 100
6,701.59 -1.06%
Dow Jones
23,815.6 +0.94%
CAC 40
4,754.08 -0.95%


Brent Crude Oil NYMEX 57.23 -3.99%
Gasoline NYMEX 1.37 -3.19%
Natural Gas NYMEX 3.75 +6.38%

WTI - 18/12 18:02:49
47.22 USD -3.67%




BP
497.3 -2.22%


Shell A
2,266.5 -2.39%


Shell B
2,281.5 -2.46%

[the grumpy old men] 18/12/2018 11:52

PARIS (Agefi-Dow Jones) - The Thai group Glow announced Tuesday that the energy company Engie had received several offers for its 69.1% stake in this independent power producer in Thailand and Laos.


"Our reference shareholder has informed us that he has recently received multiple expressions of interest in his interest in Glow," the group said in a statement.


This communication follows a request for clarification requested by the Thai trader after press reports mentioning the interest of investment company I Squared Capital for the 69.1% stake put on sale by Engie .


Contacted by Agefi-Dow Jones, Engie declined to comment on this information.


Last October, the Thai regulator blocked the plan to sell the stake by Engie to the Thai group Global Power Synergy PCL (GPSC), arguing that the move would reduce competition in the electricity market. This operation was announced in June and involved an amount estimated by Engie at € 2.6 billion.


GPSC appealed this decision, but this appeal was rejected last week. This rejection does not put an end to the procedure, a second appeal is still possible, said a source familiar with the matter to the Agency Agefi-Dow Jones.


-Alice Doré, Agefi-Dow Jones; [phone]; [e-mail] ed: VLV


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


December 18, 2018 05:32 ET (10:32 GMT)

[waldron] 17/12/2018 16:59

Total
48.615 -0.99%


Engie
12.865 -0.31%

Orange
14.435 -0.72%

FTSE 100
6,773.24 -1.05%
Dow Jones
24,003.8 -0.40%
CAC 40
4,799.87 -1.11%


Brent Crude Oil NYMEX 59.62 -1.09%
Gasoline NYMEX 1.42 -0.98%
Natural Gas NYMEX 3.65 -4.57%


WTI - 17/12 17:40:23
50.1 USD -2.32%


BP
508.6 -0.80%


Shell A
2,322 -0.88%


Shell B
2,339 -0.81%

[waldron] 17/12/2018 06:52

Engie is playing the game. The group will conduct hedging operations to ensure that gas rates do not increase by next summer, in accordance with the will of the government. The formula for calculating the prices charged by Engie, which includes the costs of supply, will be provisionally frozen.

[waldron] 14/12/2018 17:38

Total
49.1 +0.33%


Engie
12.905 +1.02%

Orange
14.54 -0.38%

FTSE 100
6,845.17 -0.47%
Dow Jones
24,160.19 -1.78%
CAC 40
4,853.7 -0.88%


Brent Crude Oil NYMEX 60.29 -1.89%
Gasoline NYMEX 1.44 -2.74%
Natural Gas NYMEX 3.89 -5.67%

WTI - 14/12 18:17:07
51.15 USD -3.13%



BP
512.7 -0.29%


Shell A
2,342.5 +0.06%

Shell B
2,358 -0.17%

[sarkasm] 14/12/2018 12:14

13/12/2018 | 3:41 p.m.

Paris (AFP) - Regulated gas prices, applied to nearly 4.5 million French homes by Engie, will fall on average by 1.9% on January 1, announced Thursday the Energy Regulatory Commission (CRE).

In detail, this drop (excluding tax) will be "0.6% for those who use gas for cooking, 1.2% for those who have a dual use cooking and hot water and 2% for homes who heat gas, "detailed the regulator in a statement.

This decline, the second consecutive after the 2.4% decline in December, is explained by the decline in gas prices on the wholesale market.

These two months of decline come after a period of sharp rise in tariffs (+ 5.8% in November, + 3.25% in October, + 0.9% in September)

These regulated tariffs are calculated monthly on the basis of a mathematical formula and are the subject of an opinion from the French Energy Regulatory Commission (CRE).

The formula takes into account gas supply costs as well as other costs (routing, storage, commercial costs).

To the amount obtained are added taxes, including the internal tax on natural gas consumption (TICGN) which was to increase by 22% on 1 January next because of the planned increase in the carbon tax (contribution climate energy), an abandoned increase by the government against the movement of "yellow vests".

Agefi-Dow Jones The financial newswire

[sarkasm] 14/12/2018 10:16

14/12/2018 | 11:04
GTT (+ 4.73% to 70.80 euros) is one of the few values ​​in the SBF 120 index to escape the decline, retrieved by Kepler Cheuvreux, which has raised its recommendation to Alleviate to Keep. The target price goes from 46 euros to 58 euros. The consulting firm has raised its forecasts for 2019 and 2020, increasing on average by 15% its revenue forecast and by 18% its estimate of Ebitda. He took into account a sales dynamic better than expected, with 5 contracts having been announced since the beginning of the month.

Earlier this week, GTT announced that it had received an order from a Korean shipyard for the design of LNG tanks for two new LNG tankers, with a capacity of 174,000 cubic meters, on behalf of a European shipowner. Ship delivery is scheduled for the first half of 2021.

As a result, the group specializing in the design of membrane containment systems for the transport and storage of liquefied gas has at least two years of visibility on its activity.

GTT is always valued by the analysis office on the basis of an EBITDA value of 12.

Kepler Cheuvreux, however, continues to consider his competitor DSME as a threat in the medium term, and he believes that the commercial momentum should slow down in 2019-20. The broker also believes that US LNG projects will probably not be allowed because of the trade war between China and the United States. However, the analyst considers that the potential for withdrawal of the title is limited, hence its change of recommendation.

[waldron] 13/12/2018 18:01

Total
48.94 +0.97%


Engie
12.775 +0.99%

Orange
14.595 -1.22%


FTSE 100
6,877.5 -0.04%
Dow Jones
24,527.25 +0.00%
CAC 40
4,896.92 -0.26%


Brent Crude Oil NYMEX 60.73 +0.96%
Gasoline NYMEX 1.45 +2.12%
Natural Gas NYMEX 4.18 +1.02%

WTI - 13/12 18:41:05
51.92 USD +1.15%

BP
514.2 -0.45%


Shell A
2,341 -0.32%


Shell B
2,362 -0.19%

[adrian j boris] 13/12/2018 08:46

Published 09:36 December 13, 2018
Updated 09:36 December 13, 2018

US Assistant Secretary for Energy Resources tells reporters that Nord Stream-2 seeks to deepen EU’s dependency on Russian gas.
By Kostis Geropoulos
Energy & Russian Affairs Editor, New Europe
+

The United States urged Germany to drop its political support for Russian monopoly Gazprom’s Nord Stream-2 project and warned companies that are involved in the construction of the gas pipeline that they face the risk of sanctions unless they withdraw from the controversial project.

US Assistant Secretary for Energy Resources Frank Fannon told a conference call with reporters on December 11 that Nord Stream-2 and an expanded Turkish Stream Pipeline, both of which bypass Ukraine, are designed to deepen Europe’s dependency on Russian gas and weaken the bloc’s security architecture.

“Germany can certainly remove their political support from the project…of the gas directive. That policy has been languishing for over a year and a half. That would be a positive step in advancing energy security,” Fannon said, fresh from a trip to the Czech Republic, Croatia, and Hungary.

Referring to the construction of the gas pipeline, which has an annual capacity of 55 billion cubic meters and connects Russia’s mainland pipelines to Germany through an underwater link in the Baltic Sea, Fannon said the US government has the ability to sanction Russia’s energy export pipelines under Section 232 of the Counter-Americas Adversaries Through Sanctions Act.

“Firms that are working with the Russian energy export pipeline sector are engaging in a line of business that carries a sanctions risk. We continue to review potential sanctions actions and encourage governments or companies to contact us if they have questions about this process,” Fannon said while shying away from discussing details about future any possible sanctions.



In an effort to lessen gas dependence on Russia, Fannon told reporters that the US would continue to support European energy diversification, including alternative sources of energy such as liquefied natural gas (LNG).

The controversy surrounding the Nord Stream-2 project stems from the fact that most of Europe’s gas from Russia passes through Ukraine, which emerged as a budding European and NATO ally following Moscow’s illegal annexation of Crimea and its subsequent war in eastern Ukraine, caused the European Union and the United States to impose stiff targeted sanctions against the Kremlin.

Russia’s pipelines through Ukraine are a major source of revenue for Kyiv and a key contributor to the Ukrainian state budget. Many in the West are concerned that by allowing Moscow to bypass Ukraine by diverting European gas supplies directly to Germany, Kyiv will be effectively cut off from a vitally important money maker that would further cripple its economy.

The primary concern for most observers who oppose the continued development of Nordstream-2 makes Europe more dependent on Russian gas and pipelines at a time when the bloc’s own home-produced gas resources are diminishing.

Responding to those concerns, Nord Stream’s EU representative, Sebastian Sass, told New Europe, “Politically motivated interventions against Nord Stream-2 would counteract the interests of European consumers and the EU’s energy security,” an assertion that is in line with certain EU-based proponents of the project that include German industrial giants such as BASF, as well as the consortium financing the project – Gazprom, Uniper and Wintershall of Germany, Austria’s OMV, Engie from France, and Royal Dutch Shell.

These companies have long asserted that Nord Stream-2 is being implemented in full compliance with both international law and EU legislation, while each considers it essential to secure Russian gas as a way to compete with rival US companies, particularly when, in their eyes, American LNG supplies are far more expensive and logistically challenging than betting on gas piped by corporations with ties to the Kremlin.

[waldron] 12/12/2018 17:08

Total
48.47 +1.48%


Engie
12.65 +3.18%

Orange
14.775 +1.23%


FTSE 100
6,880.19 +1.08%
Dow Jones
24,669.46 +1.23%
CAC 40
4,909.45 +2.15%

Brent Crude Oil NYMEX 61.00 +1.33%
Gasoline NYMEX 1.46 +1.10%
Natural Gas NYMEX 4.19 -4.99%

WTI - 12/12 17:45:59
52.31 USD +0.58%



BP
516.5 -0.06%


Shell A
2,348.5 +0.43%


Shell B
2,366.5 +0.70%

[waldron] 12/12/2018 07:54

11/12/2018 | 7:15 p.m.

BARCELONA (Agefi-Dow Jones) - Engie's decision to maintain the status quo regarding its 32% stake in Suez is no surprise, says Bryan Garnier. A takeover of Suez does not match the transformation plan of Engie's CEO, Isabelle Kocher, and the trades of both groups offer "fairly limited synergies", says analyst Pierre-Antoine Chazal. The timing is also not opportune for a sale of this stake, while Suez has performed poor stock market performance and must integrate the activities of GE Water, bought in March 2017, adds the financial intermediary. The title Suez gave 2.8% Tuesday while Engie took 2.3%.

-Cristina Roca, Dow Jones Newswires ed .: ECH

Agefi-Dow Jones The financial newswire

[waldron] 11/12/2018 17:29

Total
47.765 +0.90%


Engie
12.26 +2.25%

Orange
14.595 +0.69%


FTSE 100
6,806.94 +1.27%
Dow Jones
24,462.16 +0.16%
CAC 40
4,806.2 +1.35%

WTI 51.63 +1.37%

Brent Crude Oil NYMEX 60.29 +0.53%
Gasoline NYMEX 1.43 +0.78%
Natural Gas NYMEX 4.38 -3.59%


BP
516.8 +1.51%


Shell A
2,338.5 +0.93%


Shell B
2,350 +0.99%

[adrian j boris] 11/12/2018 10:56

11/12/2018 | 11:36
Suez sells 2.3% to 12.05 euros, penalized by the status quo of Engie. Its main shareholder (32% of the capital) has finally decided to keep this stake, reveals Les Echos. This choice excludes the launch of a takeover bid or an assignment to a competitor such as Veolia, two options that would have been likely to support the share price, and which explains the decline of the day. Engie will confirm this decision today at the end of its board of directors.

The CEO of Engie, Isabelle Kocher, and the new president, Jean-Pierre Clamadieu, have not retained the option of a takeover, the benefits of integration of the two groups are not obvious. .

"A local authority or a company would have no interest in entrusting all its needs to the same company," said an observer quoted by Les Echos.

Engie believes that it can implement certain synergies without having to take control of Suez, for example in the field of seawater desalination, where both groups are present in the Middle East, or in the green gas, an activity that interests one as the other, thinks of everyday life.

This decision comes at a key moment for Suez, which is preparing to appoint a new CEO and a new president to succeed Jean-Louis Chaussade and Gérard Mestrallet respectively. According to several sources, Engie would seek to place one of his own in the presidency, Pierre Mongin, his secretary general who already sits on the board of directors of Suez.

Oddo BHF's analysts share Engie's management's analysis of the extremely limited strategic and financial interest of a total takeover of Suez.

According to the broker, this change in governance at the number two global environmental could be a catalyst with the implementation of new strategic parameters to reduce the capital employed group while improving economic performance.

This is undoubtedly the signal that Engin expects before deciding further to maintain the capital link or to reduce it while enjoying a better valuation, says the design office.

In this context, the broker has confirmed its purchase recommendation and its price target of 15.60 euros on Suez.

[florenceorbis] 11/12/2018 08:49

Engie Won't Change Its Stake in Suez -Les Echos
11/12/2018 7:53am
Dow Jones News

Suez (EU:SEV)
Intraday Stock Chart

Today : Tuesday 11 December 2018
Click Here for more Suez Charts.

--The board of French energy group Engie will on Tuesday decide to keep its 32% stake in Suez, valued at 2.5 billion euros ($2.85 billion), reports Les Echos, citing an unnamed source.

--With the decision Engie will for the first time exclude the idea of launching a takeover bid for the water-and-waste-management services company, according to Les Echos.



Full story in French: bit.ly/2PtiPcx



Write to Barcelona editors at [e-mail]



(END) Dow Jones Newswires

December 11, 2018 02:38 ET (07:38 GMT)

[waldron] 11/12/2018 08:14

11/12/2018 | 7:31

PARIS (Agdefi-Dow Jones) - Electricity and gas supplier Engie to formally decide at a board meeting on Tuesday to leave its stake in the Suez Utilities Group unchanged, say Echoes on Tuesday, citing sources close to the file.
PUBLICITY
inRead invented by Teads

Engie owns 32% of Suez. In October, previous news reports reported that the energy group considered that this participation was "too much or too little", opening the way for speculation on a merger between the two groups or, conversely, on a transfer by Engie of his participation.

In the end, "there will be no sale of shares nor the reverse of Suez buyout," according to a source close to the case cited by Les Echos.

Contacted by Agence Agefi Dow-Jones, a spokesman for Engie declined to comment on this information.

-Julien Marion, Agefi-Dow Jones; [phone]; [e-mail] ed: VLV

Agefi-Dow Jones The financial newswire

[the grumpy old men] 10/12/2018 17:38

Monday 10 December 2018
More graphics of the GTT Stock Exchange


PARIS (Agefi-Dow Jones) - The cryogenic membrane manufacturer for the transport of liquefied natural gas Gaztransport & Technigaz (TWG) said Monday it has received an order from a "Korean yard" for the design of LNG tanks (liquefied natural gas) of two new LNG carriers.


The vessels, with a capacity of 174,000 m3 and built on behalf of a European shipowner, are to be delivered in the first half of 2021. They will be equipped with tanks using the Mark III Flex membrane containment solution developed by GTT, indicated the group in a statement.


-François Berthon, Agefi-Dow Jones; [phone]; [e-mail]


ed: LBO


Agefi-Dow Jones The financial newswire


(END) Dow Jones Newswires


December 10, 2018 12:05 ET (17:05 GMT)