Energiser Investments Share Discussion Threads

[sarkasm] 21/5/2020 13:11

05/21/2020 | 10:49am BST

Goldman Sachs is positive on the stock with a Buy rating. The target price is still set at EUR 13.10.

[waldron] 21/5/2020 06:51

EU court rejects Nord Stream 2 challenge against gas rules
May 20, 2020 6:32 PM ET|About: Public Joint Stock Company ... (OGZPY)|By: Carl Surran, SA News Editor

The consortium developing the Nord Stream 2 gas pipeline says it has two months to appeal a decision by Europe's General Court rejecting its challenge against European Union rules on gas.

In dismissing the case, the court said Nord Stream 2 was not directly concerned by the changes to the EU's gas directive, as the rules were transposed and applied with some discretion by national governments, thus any complaint should be directed at the national level.

The ruling comes just days after Germany's energy regulator rejected Nord Stream 2's formal request for a waiver from the rule changes.

Gazprom (OTCPK:OGZPY) leads the Nord Stream 2 consortium, which also includes Uniper (OTC:UNPPY), BASF's (OTCQX:BASFY) Wintershall unit, Royal Dutch Shell (RDS.A, RDS.B), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).

[waldron] 20/5/2020 17:36

Brent Crude Oil NYMEX 35.63 +3.10%
Gasoline NYMEX 1.06 +0.31%
Natural Gas NYMEX 1.94 -0.82%
(WTI) 32.855 USD +3.93%

FTSE 100
6,067.16 +1.08%
Dow Jones
24,620.05 +1.71%
CAC 40
4,496.98 +0.87%
SBF 120
3,552.37 +0.88%
Euro STOXX 50
2,946.01 +1.36%
DAX
11,223.71 +1.34%
Ftse Mib
17,232.39 +1.16%



Eni
8.429 +0.54%



Total
33.37 +1.26%



Engie
9.784 +0.53%


Bp
318.55 +1.40%

Vodafone
126.68 -0.30%

Royal Dutch Shell A
1,344.2 +2.67%



Royal Dutch Shell B
1,277.4 +2.19%

[waldron] 20/5/2020 17:02

Iron Ore 91.13 +0.48(0.53%)
Gold COMEX 1,752.00 +0.37%
Silver COMEX 18.05 +0.83%
Platinum NYMEX 937.40 +5.37%
Copper COMEX 2.46 +1.70%
Brent Crude Oil NYMEX 35.63 +3.10%
Gasoline NYMEX 1.06 +0.31%
Natural Gas NYMEX 1.94 -0.82%

FTSE 100
6,067.16 +1.08%
Dow Jones
24,620.05 +1.71%
CAC 40
4,496.98 +0.87%
SBF 120
3,552.37 +0.88%
Euro STOXX 50
2,946.01 +1.36%
DAX
11,223.71 +1.34%
Ftse Mib
17,232.39 +1.16%



Rio Tinto
4,286.5 +0.40%


Bhp
1,560 +1.17%


Anglo American
1,638.8 +1.80%



Glencore
153.78 -0.14%

[la forge] 19/5/2020 17:38

ENGIE EPS Mixed General Meeting: 1 July 2020 Without the Physical Presence of Its Shareholders, Investor Live Webcast to Follow
May 19, 2020 12:21 PM Eastern Daylight Time

PARIS & MILAN--(BUSINESS WIRE)--Regulatory News:

“Covid-19: the AMF informs shareholders and listed companies of exceptional measures taken for the organisation of shareholders' meetings”
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ENGIE EPS S.A. (“ENGIE EPS” or the “Company”;) (Paris:EPS), a technology pioneer and an industrial player in the field of energy storage systems and e-mobility, whose securities are admitted to trading on the regulated market of Euronext Paris (EPS:FP), informs its shareholders of the organizational arrangements of its mixed general meeting (the "AGM").

Given the context of the ongoing Covid-19 outbreak and in accordance with the Ordinance No. 2020-321 of 25 March 2020 of the French Government adapting the rules for convening and holding the meetings of shareholders and governing bodies of legal entities and entities without legal personality under private law due to the Covid-19 outbreak, the AGM will be held, without the shareholders and other persons entitled to attend being physically present, on Wednesday 1 July 2020 at 28, rue de Londres, 75009 Paris, at 10:30 a.m.

In accordance with the recommendations of the Autorité des Marchés Financiers (the "AMF")1, the shareholders are invited to exercise their right to vote remotely beforehand:

- by voting by correspondence using a voting form available on the Company's website www.engie-eps.com under Investors / Annual General Meeting 2020.
- by giving a proxy to a person of your choice or to the Company.

The preliminary notice of meeting (avis de réunion) will be published in the Bulletin des Annonces Légales Obligatoires "BALO" no later than 27 May 2020. It will contain the agenda, the draft resolutions as well as the details of participation and voting modalities for this AGM. The preliminary notice of meeting as well as the Board of Directors' report on the draft resolutions and legal information will be available on the Company's website www.engie-eps.com under Investors / Annual General Meeting 2020 , in accordance with legal and regulatory requirements.

The AGM will be recorded in its entirety and this recording will be available on the ENGIE EPS website under Investors / Annual General Meeting 2020. An investor live webcast with interactive Q&A session will take place after the AGM, starting at 11:30 am - the dial-in, webcast link and the presentation will be available on the Company’s website www.engie-eps.com under Investors / Annual General Meeting 2020.

[waldron] 19/5/2020 17:25

Brent Crude Oil NYMEX 34.51 -2.87%
Gasoline NYMEX 1.05 +0.51%
Natural Gas NYMEX 1.98 +1.75%
WTI 31.604 USD -3.14%


FTSE 100
6,002.23 -0.77%
Dow Jones
24,595.99 -0.01%
CAC 40
4,458.16 -0.89%
SBF 120
3,521.51 -1.35%
Euro STOXX 50
2,906.42 -0.39%
DAX
11,075.29 +0.15%
Ftse Mib
17,084.47 -1.82%



Eni
8.384 -3.15%


Total
32.955 -0.57%



Engie
9.732 -1.40%



Bp
314.15 -2.07%

Vodafone
127.06 +0.84%

Royal Dutch Shell A
1,309.2 -1.56%



Royal Dutch Shell B
1,250 -1.71%

[waldron] 18/5/2020 17:42

Brent Crude Oil NYMEX 35.46 +9.11%
Gasoline NYMEX 1.06 +7.55%
Natural Gas NYMEX 2.00 +8.89%
(WTI) 32.599 USD +6.95%

FTSE 100
6,048.59 +4.29%
Dow Jones
24,503.02 +3.45%
CAC 40
4,498.34 +5.16%
SBF 120
3,557.92 +4.72%
Euro STOXX 50
2,911.88 +5.20%
DAX
11,058.87 +5.67%
Ftse Mib
17,435.33 +3.46%



Eni
8.657 +1.61%


Total
33.165 +7.47%



Engie
9.822 +4.76%


Bp
320.8 +8.20%

Vodafone
126 +4.15%

Royal Dutch Shell A
1,330 +8.31%



Royal Dutch Shell B
1,271.8 +8.18%

[la forge] 16/5/2020 07:10

ENGIE amends its planning application for Rugeley Power Station with proposal to include new ‘All Through School’
Published:
Friday 15th May 2020 | 11.57am

The owner of the former Rugeley Power Station site, ENGIE, has submitted a revised planning application for the redevelopment of its site which includes the addition of either an All Through School (ATS) serving nursery pupils up to post 16 students or a stand alone primary school, along with new sports provision for both school and community use.

The revised outline planning application made to Cannock Chase Council and Lichfield District Council follows the granting in January 2020 of outline planning permission by both councils for the mixed-use redevelopment of the site.

The John Taylor Multi-Academy Trust is seeking government support for an All Through School on the site that would provide 52 nursery places, a 2 Form Entry Primary School, a 5 Form Entry Secondary School and post-16 provision for up to 200 students. The school would occupy 7.85 hectares of land.

If this is unsuccessful, the planning application amendment seeks a primary school as the second option occupying 2.5 hectares of land.

The All Through School would be located in the centre of the site near a proposed Solar Meadow providing solar energy to the redevelopment.

In addition to the educational provision, the amended application includes sports provision to supersede some of the facilities provided by the former Rugeley Power Station Sports and Social Club which closed in 2017.

The sports provision will cover an area of 2.26 hectares and will include a MUGA or Multi-Games Area, an adult all-weather football pitch, an adult grass football pitch, an under 15/16 years grass football pitch, a hard games area for sports including tennis, an indoor sports hall, a cricket pitch, and smaller pitches and an area for primary school use.

This provision will be shared by the schools and the wider community outside school hours as part of a proposed section 106 agreement with both councils.

The overall application to provide up to 2,300 dwellings and residential units and up to 5 hectares of employment land remains as approved with the granting of outline planning permission.

The full details of the amended application can be viewed at



Dean Piper, Head of Economic Prosperity at Cannock Chase Council said: “This revision marks a significant to change to the application and if approved by the Council’s Planning Committee would provide benefit to the community, not least in the aspiration to address the current challenges around secondary education provision in the town.

“The academy trust’s application for a free school has gained the support of Staffordshire County Council. If approved the ATS would open from September 2023 as part of the plans.

“Comments on the application can be made on the Council’s website using the above link or by email to [e-mail]. These need to be received by 15 June 2020.”

[waldron] 15/5/2020 18:47

German regulator nixes Nord Stream 2 request for EU law waiver
May 15, 2020 12:56 PM ET|About: Public Joint Stock Company ... (OGZPY)|By: Carl Surran, SA News Editor

Germany's energy regulator declines to grant a waiver of European Union gas directives to the Nord Stream 2 pipeline, in another blow to the project to carry gas from Russia to Germany under the Baltic Sea.

The regulator says the project is not exempt from EU unbundling rules that require separate operators for the production, transport and distribution of energy for the section that runs through German territory.

Gazprom (OTCPK:OGZPY) leads the Nord Stream 2 consortium, which also includes Uniper (OTC:UNPPY), BASF's (OTCQX:BASFY) Wintershall unit, Royal Dutch Shell (RDS.A, RDS.B), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).

[waldron] 15/5/2020 17:44

Brent Crude Oil NYMEX 32.14 +2.32%
Gasoline NYMEX 0.97 +3.81%
Natural Gas NYMEX 1.87 +0.11%
WTI 29.167 USD +4.00%


FTSE 100
5,799.77 +1.01%
Dow Jones
23,528.07 -0.41%
CAC 40
4,277.63 +0.11%
SBF 120
3,397.7 +0.35%
Euro STOXX 50
2,770.7 +0.59%
DAX
10,465.17 +1.24%
Ftse Mib
16,885.45 +0.10%



Eni
8.52 +0.07%



Total
30.86 +0.16%


Engie
9.376 +1.41%



Bp
296.5 +0.02%

Vodafone
120.98 +1.22%

Royal Dutch Shell A
1,228 +1.99%


Royal Dutch Shell B
1,175.6 +1.48%

[waldron] 14/5/2020 17:30

Brent Crude Oil NYMEX 30.12 +3.19%
Gasoline NYMEX 0.92 +3.77%
Natural Gas NYMEX 1.92 +1.75%
WTI 26.709 USD +2.61%


FTSE 100
5,741.54 -2.75%
Dow Jones
23,175.82 -0.31%
CAC 40
4,273.13 -1.65%
SBF 120
3,385.9 -1.77%
Euro STOXX 50
2,754.52 -1.96%
DAX
10,337.02 -1.95%
Ftse Mib
16,844.15 -1.97%



Eni
8.514 -0.13%



Total
30.81 -0.90%



Engie
9.246 +0.81%



Bp
296.45 -1.72%

Vodafone
119.52 -1.61%

Royal Dutch Shell A
1,204 -4.85%



Royal Dutch Shell B
1,158.4 -5.31%

[florenceorbis] 14/5/2020 07:39

5/13/2020 | 12:24pm BST

James Brand from Deutsche Bank retains his Neutral opinion on the stock. The target price is unchanged at EUR 10.

[florenceorbis] 14/5/2020 07:03

An additional disposal plan at Engie? Engie is considering several divestments, which could involve more than 15,000 positions, in particular the specialist in maintenance of industrial sites and Endel nuclear power plants, according to concordant sources. Ineos Défense, Culturespaces and Gepsa could also be on the list. The proposed scope would represent between 1.2 and 1.8 billion €, or between 2 and 3% of the company's overall turnover.

[waldron] 13/5/2020 17:30

Brent Crude Oil NYMEX 29.68 -1.00%
Gasoline NYMEX 0.90 -3.89%
Natural Gas NYMEX 1.89 -3.82%
WTI 25.971 USD +0.72%


FTSE 100
5,904.05 -1.51%
Dow Jones
23,279.14 -2.04%
CAC 40
4,344.95 -2.85%
SBF 120
3,446.94 -2.72%
Euro STOXX 50
2,810.55 -2.72%
DAX
10,542.66 -2.56%
Ftse Mib
17,190.32 -2.10%



Eni
8.525 -2.17



Total
31.09 -3.79%



Engie
9.172 -1.80%




Bp
301.65 -3.70%

Vodafone
121.48 -1.14%

Royal Dutch Shell A
1,265.4 -3.52%


Royal Dutch Shell B
1,223.4 -3.00%

[grupo] 13/5/2020 08:05

Engie: Morgan Stanley targeting 12 EUR

[waldron] 13/5/2020 07:11

MAY14/2020 Shareholders Meeting

[waldron] 12/5/2020 17:27

Brent Crude Oil NYMEX 30.07 +1.48%
Gasoline NYMEX 0.93 -1.02%
Natural Gas NYMEX 2.00 -4.03%
WTI 6.091 USD +2.68%


FTSE 100
5,994.77 +0.93%
Dow Jones
24,212.15 -0.04%
CAC 40
4,472.5 -0.39%
SBF 120
3,543.38 -0.38%
Euro STOXX 50
2,884.2 +0.02%
DAX
10,819.5 -0.05%
Ftse Mib
17,560.28 +1.03%


Eni
8.714 +0.96%


Total
32.315 -0.22%


Engie
9.34 -4.30%



Bp
313.25 -0.19%

Vodafone
122.88 +8.74%

Royal Dutch Shell A
1,311.6 -0.17%



Royal Dutch Shell B
1,261.2 -0.06%

[sarkasm] 12/5/2020 13:09

ENGIE’s green energy pipeline ‘largely unaffected’ as group stays profitable

By José Rojo Martín May 12, 2020 11:27 AM BST 0

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Image credit: Web Summit / Flickr

Image credit: Web Summit / Flickr

ENGIE’s green energy work has largely escaped from COVID-19’s fallout so far, with the utlity's renewables unit recording strong performance and expected to report "low impacts" going forward.

New results out Tuesday show the French group generated in Q1 2020 revenues (€16.5 billion or US$17.8 billion) and EBITDA (€3.1 billion or US$3.3 billion) either largely in line with – or slightly lower than – the figures reported for the same period last year.

ENGIE, the update indicates, remained money-making even if current operating income dipped between Q1 2019 (€2 billion/US$2.16 billion) and Q1 2020 (€1.9 billion/US$2.05 billion). Between January and March 2020, net financial debt grew €2 billion to reach €27.9 billion (US$30 billion).

While most divisions posted year-on-year falls in gross current operating income, ENGIE's renewables unit recorded – when the metric was converted to organic income – a 17.2% jump, a contrast with Client Solutions (45.7% drop in organic terms), Thermal (16.1%) and others.

Renewables’ organic income boost in Q1 2020 was, the firm said, chiefly driven by buoyant hydro power output in France and the commissioning of wind and solar across the globe. Over in the US and Canada, green energy project completion helped offset losses on other fronts.

“Looking ahead, we will continue to prioritize employee safety while restarting previously impacted activities as soon as possible, and at the same time we will further sharpen our strategic focus on key activities and geographies. The world’s recovery from the Covid-19 crisis is a unique opportunity to address the energy transition and climate change challenges with renewed urgency”—;Claire Waysand, ENGIE’s interim CEO

Faith in long-term RES prospects after CEO's ousting

ENGIE’s pre-pandemic 2020 guidance – full-year net recurring income of €2.7-2.9 billion (US$2.94-3.16 billion) – was already pulled in April and this week’s update brought no changes. The “unquantifiable” nature of impacts means predictions will need to wait, the firm said.

The COVID-19 outbreak finds ENGIE on the other side of the high-profile ousting of former CEO Isabelle Kocher. Forced out by the board in early February, the executive was replaced by a transition team led by interim CEO Claire Waysand, who continues to hold the title as the search for a replacement continues.

Amid the boardroom controversy, the firm has continued to put stock in the green energy shift initiated by Kocher. In late February, the transition team predicted its renewables unit would be one of its only two to achieve double-digit growth of operating income in 2020, amid claims that the target it set last year to add 9GW of green energy projects by 2021 is now “fully secured”.

How the green energy agenda will be disrupted by COVID-19 beyond Q1 2020 remains unclear. In early April, ENGIE acknowledged impacts on its renewables unit, including “operational, supply chain and finance partnering constraints”. The division, the firm went on to say at the time, could be hit this year by “price movements on unhedged merchant power sales.”

One month later, the French group appeared to change discourse as it said it currently expects “low impact” from the pandemic as ongoing projects, supply chains and facility operations remain “largely unaffected”. The firm added, however: “Uncertainties remain on potential delays of commissioning and sell-downs, foreign exchange and timing of favourable rulings in Brazil.”

PV Tech has set up a dedicated tracker to map out how the COVID-19 pandemic is disrupting solar supply chains worldwide. You can read the latest updates here.

If you have a COVID-19 statement to share or a story on how the pandemic is disrupting a solar business anywhere in the world, do get in touch at [e-mail] or [e-mail].