Glencore Share Discussion Threads

[waldron] 03/1/2019 16:42

BREAKING THE 280p support not so good me thinks

also me thinks BH not happy to make such a short term call

as of today we are in the 250 to 280p BOX


Glencore
268.85 -4.83%

[waldron] 03/1/2019 16:26

MIGHT WELL BE TRUE VOLSUNG

BUT AS LONG AS THE DIVIDENDS KEEP ROLLING IN, WE ARE HAPPY

ONLY THOSE THAT ARE FORCED TO SELL OR HAVE MADE THE WRONG CALL NEED CARE

[volsung] 03/1/2019 16:13

If you have cash to spare in this market keep it. You will rapidly lose whatever cash you invest quickly for the next 6 months or so maybe longer

[waldron] 03/1/2019 16:01

WE LIVE IN STRANGE TIMES

WITH GREAT OPPORTUNITIES IF YOU HAVE CASH TO SPARE


Glencore
269.4 -4.64%

[montyhedge] 03/1/2019 15:58

Wow what a great price, just topped up.

[maywillow] 03/1/2019 14:00

Anglo American PLC (AAL.LN) said Thursday that Duncan Wanblad will focus solely on his role as group director of strategy and business development and Ruben Fernandes will takeover as chief executive of its base metals business from March 1.

The mining company said the appointments follow its decision to divide the management of its global base metals business from its strategy and business development activities.

Anglo American said it has also appointed Wilfred Bruijn as CEO of Anglo American in Brazil, succeeding Mr. Fernandes.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

January 03, 2019 08:27 ET (13:27 GMT)

[dmf] 03/1/2019 12:24

Art Cashin's predictions for 2019: Fed won't hike and there's an 'outside chance' they cut rates

[montyhedge] 03/1/2019 11:38

Yes, but forecast p.e 6, nice dividend, good tuck away. It is a traders favourite also no stamp duty, helps trading margins.

[montyhedge] 03/1/2019 09:26

Trading range 280p to 297p, back to 315p on a positive rns.So bottom of trading range. What's that song, The only way is up. Lol.

[montyhedge] 03/1/2019 08:14

Not moving on good news strange, buybacks started, so of course in a low volume market with extended holidays, should close up today.

[montyhedge] 02/1/2019 22:47

Should be up bigtime tomorrow.

[waldron] 02/1/2019 20:59

Victoria Oil Approved To Buy 75% Stake In Cameroon Licence From Glencore
LONDON (Alliance News) - Victoria Oil & Gas PLC said Wednesday it has received approval from ...
Alliance News
2 January, 2019 | 12:12PM
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LONDON (Alliance News) - Victoria Oil & Gas PLC said Wednesday it has received approval from Cameroon President Paul Biya for its acquisition of a 75% interest in the Matanda production sharing agreement licence from Glencore PLC.

Victoria's wholly owned subsidiary Gaz du Cameroun SA, Glencore Exploration Cameroon Ltd and Afex Global Ltd received the presidential decree for the transfer of interest in licence.

The decree confirms approval of the transfer by Glencore of 75% of its participating interest in the production sharing agreement to Gaz du Cameroun and 15% of its participating interest to AFEX Global, which previously held a 10% interest.

Victoria first agreed the deal, for an undisclosed amount, back in early 2016.

The Cameroon-focused gas and condensate producer and distributor said Gaz du Cameroun will become operator and will assume responsibility for carrying out the work programme agreed with Cameroon government. The agreed obligation for the work programme is one exploration and appraisal well plus reprocessing of existing seismic in the first two-year period of the production sharing contract.

The Matanda licence covers an area of approximately 1,235 square kilometres and is highly prospective for natural gas and gas condensate, Victoria said. It contains the previously discovered offshore North Matanda field with current 2C gross recoverable gas resources of 150 billion cubic feet and 6 million barrels of condensate and upside of 1 trillion cubic feet of gas.

Shares in Victoria Oil & Gas were up 0.4% at 22.95 pence each on Wednesday.

By Tapan Panchal; [e-mail]

[waldron] 02/1/2019 19:06

Alliance News

Victoria Oil Approved To Buy 75% Stake In Cameroon Licence From Glencore
Wed, 2nd Jan 2019 12:12


LONDON (Alliance News) - Victoria Oil & Gas PLC said Wednesday it has received approval from Cameroon President Paul Biya for its acquisition of a 75% interest in the Matanda production sharing agreement licence from Glencore PLC.

Victoria's wholly owned subsidiary Gaz du Cameroun SA, Glencore Exploration Cameroon Ltd and Afex Global Ltd received the presidential decree for the transfer of interest in licence.

The decree confirms approval of the transfer by Glencore of 75% of its participating interest in the production sharing agreement to Gaz du Cameroun and 15% of its participating interest to AFEX Global, which previously held a 10% interest.

Victoria first agreed the deal, for an undisclosed amount, back in early 2016.

The Cameroon-focused gas and condensate producer and distributor said Gaz du Cameroun will become operator and will assume responsibility for carrying out the work programme agreed with Cameroon government. The agreed obligation for the work programme is one exploration and appraisal well plus reprocessing of existing seismic in the first two-year period of the production sharing contract.

The Matanda licence covers an area of approximately 1,235 square kilometres and is highly prospective for natural gas and gas condensate, Victoria said. It contains the previously discovered offshore North Matanda field with current 2C gross recoverable gas resources of 150 billion cubic feet and 6 million barrels of condensate and upside of 1 trillion cubic feet of gas.

Shares in Victoria Oil & Gas were up 0.4% at 22.95 pence each on Wednesday.

By Tapan Panchal; [e-mail]

[montyhedge] 02/1/2019 17:16

The good thing with massive buybacks, it underpins the shareprice, one bit of positive news easily back over 310p.But trading range 280p to 297p, until news.

[waldron] 02/1/2019 16:52

Rio Tinto
3,690.5 -1.06%


Anglo American
1,710.4 -2.14%


Glencore
282.5 -3.04%

SO THE NEW YEAR STARTS IN THE 280 to 310p BOX

Gold COMEX 1,286.10 +0.37%
Silver COMEX 15.58 +0.23%
Copper COMEX 2.61 -0.99%
Brent Crude Oil NYMEX 55.34 +2.86%
Gasoline NYMEX 1.35 +4.03%
Natural Gas NYMEX 2.95 +0.20%

[montyhedge] 02/1/2019 16:13

293p my forecast for tomorrow.

[montyhedge] 02/1/2019 15:23

Buybacks will take this back to 293p in a thin market because of holidays.

[wbecki] 02/1/2019 11:56

"Leoneobull
1 Jan '19 - 08:45 - 317 of 326
0 0 0
Brextremists are petrified of a second referendum"

Why?

Anti democratic whiney Remoaners should be for it will herald a civil war.

That what you want just to get your way?

Sad.

[la forge] 02/1/2019 11:31

Financial Survey: GLENCORE PLC/ADR (GLNCY) versus China Oilfield Services (OTCMKTS:CHOLY)

Posted by Darrell McKinsey on Jan 2nd, 2019
inShare

GLENCORE PLC/ADR (OTCMKTS:GLNCY) and China Oilfield Services (OTCMKTS:CHOLY) are both basic materials companies, but which is the superior investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, risk, earnings, analyst recommendations and profitability.

Valuation & Earnings
Get GLENCORE PLC/ADR alerts:

This table compares GLENCORE PLC/ADR and China Oilfield Services’ top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
GLENCORE PLC/ADR $205.48 billion 0.25 $5.78 billion $0.78 9.28
China Oilfield Services $2.57 billion 0.60 $4.89 million $0.02 850.50

GLENCORE PLC/ADR has higher revenue and earnings than China Oilfield Services. GLENCORE PLC/ADR is trading at a lower price-to-earnings ratio than China Oilfield Services, indicating that it is currently the more affordable of the two stocks.

Dividends

GLENCORE PLC/ADR pays an annual dividend of $0.34 per share and has a dividend yield of 4.7%. China Oilfield Services pays an annual dividend of $0.15 per share and has a dividend yield of 0.9%. GLENCORE PLC/ADR pays out 43.6% of its earnings in the form of a dividend. China Oilfield Services pays out 750.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. GLENCORE PLC/ADR is clearly the better dividend stock, given its higher yield and lower payout ratio.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for GLENCORE PLC/ADR and China Oilfield Services, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
GLENCORE PLC/ADR 0 2 6 0 2.75
China Oilfield Services 0 0 1 0 3.00

Institutional & Insider Ownership

0.1% of GLENCORE PLC/ADR shares are held by institutional investors. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares GLENCORE PLC/ADR and China Oilfield Services’ net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets
GLENCORE PLC/ADR N/A N/A N/A
China Oilfield Services -0.59% -0.33% -0.16%

Risk and Volatility

GLENCORE PLC/ADR has a beta of 2.06, suggesting that its share price is 106% more volatile than the S&P 500. Comparatively, China Oilfield Services has a beta of 1.02, suggesting that its share price is 2% more volatile than the S&P 500.

Summary

GLENCORE PLC/ADR beats China Oilfield Services on 11 of the 14 factors compared between the two stocks.

GLENCORE PLC/ADR Company Profile

GLENCORE PLC/ADR logoGlencore plc engages in the production, refinement, processing, storage, transport and marketing of metals and minerals, energy products, and agricultural products worldwide. It operates in three segments: Metals and Minerals, Energy Products, and Agricultural Products. The Metals and Minerals segment is involved in smelting, refining, mining, processing, and storing zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt, and iron ore. The Energy Products segment activities include coal mining and oil production operations covering crude oil, oil products, steam coal, and metallurgical coal; and investments in ports, vessels, and storage facilities. The Agricultural Products segment engages in the storage, handling, processing, and port facilities of wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton, and sugar. Glencore plc markets and delivers physical commodities sourced from third party producers and its production to industrial consumers in the automotive, steel, power generation, oil, and food processing industries. The company was formerly known as Glencore Xstrata plc and changed its name to Glencore plc in May 2014. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

China Oilfield Services Company Profile

China Oilfield Services logoChina Oilfield Services Limited, together with its subsidiaries, provides integrated offshore oilfield services in Mainland China and internationally. The company operates through four segments: Drilling Services, Well Services, Marine Support Services, and Geophysical and Surveying Services. The Drilling Services segment provides drilling, module rigs, land drilling rigs, and drilling rigs management services. As of December 31, 2017, it operated and managed a total of 43 drilling rigs, including 32 jackup drilling rigs and 11 semi-submersible drilling rigs; 3 accommodation rigs; and 5 module rigs. The Well Services segment offers onshore and offshore well services, including logging, drilling and completion fluids, directional drilling, cementing, well completion and workover, stimulation, etc. The Marine Support Services segment owns and operates offshore vessels that provide services for offshore oil and gas fields exploration, development, construction, and production. This segment also offers anchor handling for various water level, towing of drilling rigs/engineering barges, oil lifting, offshore transportation, standby, firefighting, rescue, oil spill assisting, and other marine support services. It operates and manages approximately 130 vessels, including AHTS vessels, platform supply vessels, and oilfield standby vessels. The Geophysical and Surveying Services segment provides offshore seismic acquisition, offshore geo-surveying, seismic data processing and interpretation, and underwater engineering services. It owns five towing streamer seismic vessels, one professional source vessel professional source vessel, two undersea cable team, five integrated marine surveying vessels, and two support vessels. China Oilfield Services Limited also issues bonds. The company is based in Beijing, China. China Oilfield Services Limited is a subsidiary of China National Offshore Oil Corporation.

Receive News & Ratings for GLENCORE PLC/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GLENCORE PLC/ADR and related companies with MarketBeat.com's FREE daily email newsletter.

[adrian j boris] 02/1/2019 10:42

A VERY WISE NON ACTION

[action] 02/1/2019 10:33

THIS YEAR NEW YEAR RESOLUTIONI will entering in stock market as if I am waking on a Thin Ice.

[adrian j boris] 02/1/2019 09:51

Victoria Oil & Gas PLC (VOG.LN) said Wednesday that Cameroon President Paul Biya on Dec. 17 approved the transfer of an interest in the Matanda production-sharing agreement license assigned from Glencore PLC (GLEN.LN) in early 2016.

The Cameroon-based gas and condensate producer and distributor said it now has 75% ownership, and is operator, of the Matanda PSC.

"Matanda, which is primarily onshore and on the western side of Douala, provides an opportunity to develop an independent gas field to feed the growing industrial and domestic markets in the Bonaberi areas and beyond," the company said, adding the field has considerable potential in the longer term.

The North Matanda field was originally discovered in 1980 and to date three offshore wells on the block have tested gas and condensate from the Logbaba formation of the North Matanda field.

Victoria Oil shares at 0850 GMT were up 0.43 pence, or 1.9%, at 23.30 pence.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

January 02, 2019 04:12 ET (09:12 GMT)