Guangdong Development Fund Share Discussion Threads

[waldron] 02/10/2011 22:20

23/09/2011 - Natural gas tariffs


GDF SUEZ regrets the French government's decision on regulated natural gas tariffs which complies neither with the public service contract signed between the State and the company, nor with legal and regulatory provisions governing natural gas tariff changes.

GDF SUEZ only asks for coverage of costs paid to natural gas suppliers. These costs recently increased as a result of an increase in the price of oil on which natural gas prices are indexed.

The tariff freeze generates an estimated earnings shortfall for the company of approximately EUR 290 million for second-half 2011.

On June 9, 2011, the French Energy Regulation Commission (CRE) in charge of verifying company requests, took the position that "a tariff adjustment on October 1, 2011 is imperative if necessary to reflect the supply costs of GDF SUEZ at that date."

GDF SUEZ will take appropriate legal action to protect its rights.

[waldron] 28/9/2011 18:54

Adds oil and gas production figures throughout.)

PARIS (Dow Jones)--French power group GDF Suez (GSZ.FR) said Wednesday it has signed an agreement with Italian oil company Eni (ENI.MI) for the sale of its 10.4% stake in the Elgin-Franklin gas condensates fields for EUR590 million.

The two fields, which are operated by French oil company Total SA (TOT), have peak production capability of 175,000 barrels a day of condensate and 15.5 million cubic meters of gas per day, Total says on its website.

GDF Suez holds its stake in Elgin-Franklin through a 22.5% shareholding in EFOG, a joint-venture with Total. Total holds a 46.2% stake in the fields, GDF Suez said in a statement.

Prior to the deal with GDF Suez, Eni already held a 21.87% stake in the Elgin-Franklin fields, according to its website.

The transaction, which is part of GDF Suez's EUR10 billion portfolio optimization program announced earlier this year, should be completed by the end of 2011, subject to the satisfaction of certain conditions, the company said.

Eni already has large-scale oil and gas operations in the U.K. North Sea. In 2009, it produced 104,000 barrels a day equivalent of oil and gas, according to its website.

-By Noemie Bisserbe and James Herron, Dow Jones Newswires; [phone]; [e-mail]

[waldron] 27/9/2011 20:34

GDF Suez Sells CHF300 Million In Six-Year Bonds With 1.5% Coupon
Share this article print
Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Tuesday 27 September 2011
French power company GDF Suez SA (GSZ.FR) on Tuesday said it sold CHF300 million worth of six-year bonds with a 1.5% coupon.

The company said it took advantage of favorable conditions on the Swiss franc bond market.

GDF Suez swapped the francs into euros at a 2.99% fixed rate, which is more attractive than a straight sale of euro-denominated bonds.

-By Inti Landauro, Dow Jones Newswires; 33-1-4017-1740; [e-mail]

[grupo guitarlumber] 24/9/2011 13:47

23 april 2012
Shareholders' General Meeting

9 february 2012
2011 annual results

10 november 2011
Ex-interim dividend date

27 october 2011
2011 3rd quarter results

[ariane] 24/9/2011 13:41

23/09/2011 - GDF SUEZ unveils the Rodenhuize 100% biomass power station in Belgium


GDF SUEZ and its subsidiary Electrabel unveil today the Rodenhuize 100% biomass power station in Belgium. A €125 million investment has allowed to transform a coal-fired unit at the Rodenhuize power station into a 100% biomass unit.

This power plant is a world first in two ways: it's the largest conversion of this kind and it offers the best environmental results among the transformed biomass units.

The new unit has an output of 180 MW and generates a volume of electricity every year that is equivalent to the annual consumption of 320,000 families. In addition, it will reduce CO₂ emissions by 1.2 million tonnes annually. The plant is jointly owned by Electrabel (73%) and Ackermans & van Haaren (27%)

In the new unit, coal has been fully replaced by wood pellets that are certified by an independent body to be of sustainable origin. One-third of the supply of wood pellets for the new Rodenhuize unit is sent by boat to the port of Ghent from the Pacific BioEnergy production facility located in the Canadian province of British Columbia, with whom Electrabel has signed a long-term contract for 225,000 tonnes of biomass per year.

Sophie Dutordoir, General Manager of Electrabel, asserted that, "This achievement is a world first in terms of environmental performance. It is one of a kind for its scope, the technology used and its environmental features, and is a major contribution to the achievement of the goals set by the European Union. This project dovetails perfectly with our strategy to develop diversified facilities and is in line with the ambitious commitments that the Group has pursued in renewable energy."

As the European leader in generation from biomass, GDF SUEZ has developed unique expertise, and is currently building a 190 MW power plant in Polaniec, in Poland, which will be commissioned at the end of 2012.

[ariane] 24/9/2011 07:56

source: TEC

MOUVEMENTS ET NIVEAUX
Depuis le plus bas à 19,49 EUR le titre est en phase de reprise technique vers sa moyenne mobile à 50 jours située à 21,4 EUR : le comportement des cours sur ce niveau permettra d'envisager la poursuite du mouvement à moyen terme. Pour alléger la position, on pourra attendre de tester les résistances à court terme situées à 23,35 EUR et 24,02 EUR. Les supports sont à 18,64 EUR puis à 17,29 EUR .



Dernier cours : 21.09
Opinion : neutre
Tendance : baissière
Support : 18.64 / 17.29
Resistance : 23.35 / 24.02

[ariane] 23/9/2011 18:54

GDF Suez : support à 18.4.

Imprimer..Sociétés :GDF SUEZGDF SUEZRubriques :Bourse.Cours associés
Symbole Cours Variation
GSZ.NX 20.02 +0.2

GSZ.PA 20.18 +0.25


Suivre ces actions
{"s" : "GSZ.NX,GSZ.PA","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le vendredi 23 septembre 2011, à 19h 35
Sur les 5 derniers jours, le titre s'est effondré de 4.29%. Depuis le début de l'année, il est en baisse de 24.82%.

Du point de vue de l'analyse technique : le RSI est inférieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et négatif. La configuration est mitigée à court terme. Enfin, le titre est inférieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en baisse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 22 puis 22.8. Tandis que les prochains supports sont sur : 18.9 puis 18.4.

Notre préférence : Un rebond court terme sur GDF Suez (Euronext: GSZ.NX - actualité) (GSZ) est possible.

Le point d'invalidation de notre scénario est situé sur : 18.4.
Cours de référence : 20.2.
Copyright © CHARTS

[ariane] 23/9/2011 18:49

2ND UPDATE: SSE Pullout From UK Nuclear Casts A Pall Over Sector
Share this article print
Scottish & Southern Energy (LSE:SSE)
Intraday Stock Chart
Today : Friday 23 September 2011
U.K. utility Scottish and Southern Energy PLC (SSE.LN) Friday exited a major new nuclear project in the U.K., announcing it would sell its 25% stake in the NuGeneration Ltd. consortium to partners Iberdrola SA (IBE.MC) and GDF Suez SA (GSZ.FR) for an undisclosed sum.

Although GDF Suez and Iberdrola confirmed their commitment to the project, SSE's withdrawal from a major nuclear project in its home market casts a shadow over U.K. government plans to build a fleet of new nuclear reactors to meet ambitious climate change targets and energy supply concerns as it shutters older power plants.

The U.K.'s nuclear power program, one of the most advanced in Europe, has already been delayed after the disaster at Japan's Fukushima nuclear facility prompted a government review of new reactor designs. Friday's news is the latest to suggest that the U.K. will end up with less than the 16 gigawatts of new nuclear by 2025 previously planned by utilities.

"I think the U.K. will be doing really well to get 10 gigawatts of new nuclear by 2030," said Lakis Athanasiou, U.K. utilities analyst at Evolution Securities.

Electricite de France SA (EDF.FR), which is spearheading the atomic revival in the U.K. and has spent millions so far on its project, has already indicated a delay in its plans due to the government review. EDF's first new reactor was originally slated to be in commercial operation in 2018.

EDF said Friday it, together with partner Centrica PLC (CNA.LN), remains committed to its nuclear plans in the U.K.

SSE, which has no prior experience owning or operating a nuclear power station, said it would focus on renewables, gas-fired power stations and carbon capture and storage.

"The U.K. will need both nuclear and renewable energy in the future, but we have made it clear from the start of our involvement in NuGen that for SSE our core investment in generation should be in renewable energy," said Alistair Phillips-Davies, SSE's director of Generation and Supply.

GDF Suez and Iberdrola said SSE's decision to exit the project shouldn't impact NuGen's plans or timetable to take the final investment decision around 2015 and build a new nuclear power station of up to 3.6 gigawatts near Sellafield in northwest England by 2023.

Iberdrola and GDF Suez are each raising their stake in the NuGen group to 50% from 37.5% previously. The amount they will pay for SSE's stake hasn't yet been confirmed, a spokeswoman for the U.K. utility said.

To date, NuGen has spent GBP19.5 million to secure the Sellafield site, which has a total value of GBP70 million.

Some analysts have long been sceptical of the U.K's ambitious nuclear targets, as cash-strapped utilities don't have the money and may not have the inclination in the current environment to borrow the huge sums required for projects with such large construction risks.

Furthermore, public opinion has turned against nuclear power following the Fukushima disaster. This has already led to a loss of revenues for German utilities E.ON AG (EOAN.XE) and RWE AG (RWE.XE), who have seen their nuclear reactors in Germany shuttered, putting their nuclear investments elsewhere under question, analysts have said.

The Horizon Nuclear Power joint venture between RWE AG (RWE.XE) and E.ON AG (EOAN.XE) plans to invest around GBP15 billion in around 6 gigawatts of new nuclear in the U.K. by 2025. But the group has yet to take its final investment decision or select the reactor technology.

-By Selina Williams, Dow Jones Newswires [phone]; [e-mail]

[ariane] 23/9/2011 14:15

Iberdrola, GDF Suez To Raise Stakes In NuGen To 50% Each
By Noemie Bisserbe

Published September 23, 2011
| Dow Jones Newswires

Print Email Share Comments
inShare.0 Text Size
PARIS -(Dow Jones)- French power group GDF Suez (GSZ.FR) and Spanish utility Iberdrola (IBE.MC) plan to raise their stakes in nuclear power joint venture NuGeneration Ltd (NuGen), to 50% respectively following the exit of Scottish and Southern Energy Plc (SSE.LN), the two companies said Friday in a joint statement.

NuGen was set up to develop proposals for a new nuclear power station in the U.K.

SSE said earlier Friday it intends to sell them its 25% stake.

Iberdrola and GDF said SSE 's departure won't affect their plans or the timetable for the project.

"As scheduled, the final investment decision should take place around 2015 with commercial operation of a new nuclear power station expected by 2023," the companies said.

NuGen has an option to buy land for a power station of up to 3.6 gigawatts, near Sellafield in West Cumbria. The option was secured in October 2009 for an initial GBP19.5 million and the site was named as a suitable place to build a nuclear power station in the U.K.'s National Policy Statement for Nuclear Power Generation published in June 2011.

Copyright © 2011 Dow Jones Newswires



Read more:

[ariane] 23/9/2011 05:28

Shale Drilling Must Improve to Protect Environment, GDF Says
QBy Tara Patel - Sep 22, 2011 9:38 AM GMT+0200 .
inShare.4
More
Business ExchangeBuzz up!DiggPrint Email ..Enlarge image
Shale Drilling Must Improve to Protect Environment Eddie Seal/Bloomberg
Patterson UTI Drilling Co.'s drilling rig #220 stands during natural gas drilling operations in the Eagle Ford shale in Karnes County, Texas, U.S.

Patterson UTI Drilling Co.'s drilling rig #220 stands during natural gas drilling operations in the Eagle Ford shale in Karnes County, Texas, U.S. Photographer: Eddie Seal/Bloomberg
Enlarge image
Shale Drilling Must Improve to Protect Environment Eddie Seal/Bloomberg
Natural gas is flared at the Handy Gas Unit #1, a Pioneer Natural Resources well, in Karnes County, Texas, U.S.

Natural gas is flared at the Handy Gas Unit #1, a Pioneer Natural Resources well, in Karnes County, Texas, U.S. Photographer: Eddie Seal/Bloomberg
.The technology used to extract oil and gas from shale rocks, a process that has revolutionized the U.S. energy industry, should be improved to protect the environment, the head of Europe's largest gas company said.

"There are concerns about the environmental impact," Gerard Mestrallet, chief executive officer of GDF Suez (GSZ) SA, said in an interview at Bloomberg's headquarters in New York. "Probably it can be improved and probably it has to be improved."

Hydraulic fracturing, a technique that uses water, sand and chemicals to break apart rocks and release trapped fuel, has made the U.S. the world's largest natural gas producer. That success hasn't quelled concern that fracking, as the process is known, risks polluting drinking water.

GDF Suez is the former gas monopoly in France, which in July became the first country in the world to pass a law making fracking illegal. The Paris-based company held talks with Schuepbach Energy LLC, holder of permits for shale exploration in southern France, to buy stakes in the licenses. These have been dropped, and the utility isn't currently developing shale gas projects elsewhere, although it holds licenses in Germany.

"In Europe, the geological situation has given serious hopes in Poland and France," Mestrallet said. In France, "there will be no development of shale gas without the maximum of measures to protect the environment."

The U.S. Environmental Protection Agency is studying the effects of fracking on drinking water. A committee advising the U.S. Energy Secretary Steven Chu said Aug. 11 that gas companies risk causing serious environmental damage unless they commit to best practices in engineering.

Convince Public
Opposition in Pennsylvania, New York and other U.S. states shows the industry needs to convince the public shale drilling in safe, Mestrallet said.

"When we see resistance in Pennsylvania, it's clear that there is progress to be made and explanations to be given to populations everywhere," he said.

GDF Suez, which has natural gas exploration and production projects from Australia to the North Sea, isn't planning to invest in U.S. shale to gain expertise in the drilling technology, Mestrallet said in the interview.

In fracturing, millions of gallons of chemically treated water and sand are forced underground to break up rock and allow gas to flow. Advances in the technology have, in a few years, pushed gas from shale to almost 30 percent of U.S. production and may account for 47 percent of the total in 2035, according to a report given to Chu last month and the Energy Information Agency.

Texas Shale

Total SA (FP), Europe's third-largest oil company and also based in Paris, is producing natural gas from U.S. shale. The French company entered the business last year when it agreed to pay $800 million for 25 percent of Chesapeake Energy Corp.'s assets in the Barnett Shale field in Texas.

"We have associated ourselves with a good teacher in the U.S. They are drilling so many wells," Armand Khayat, a gas analyst at Total, told a conference in Paris last week. "We are learning very quickly."

In addition to the U.S., Total plans to develop unconventional gas in Algeria, Argentina, Australia, Canada, China, Denmark and Poland, company executives have said. Total is now readying to start drilling in Argentina, Khayat said.

In France, the company applied to the government earlier this month to keep its exploration permit in Montelimar, pledging to use conventional technology and not hydraulic fracturing. The oil company won the permit last year to probe the area for shale gas and has had to revise its strategy because of the ban.

'Respect Environment'
"There are no other techniques" than fracking to extract hydrocarbons from shale, French Industry Minister Eric Besson said in an interview on RTL radio last week. "Many experts think that in two, three or four years, we will have techniques that scrupulously respect the environment and allow us to exploit what is underground."

Hydraulic fracturing of one well requires between 10,000 and 15,000 cubic meters of water compared with the 550,000 cubic meters consumed daily by a city like Paris, according to France's IFP Energies Nouvelles, an energy research organization, adding that between 20 percent and 70 percent of the water can be recovered and treated when production begins.

"The environmental impact is not neutral," according to the institute.

To contact the reporter on this story: Tara Patel in Paris at [e-mail]

To contact the editor responsible for this story: Will Kennedy at [e-mail]

[ariane] 22/9/2011 20:33

PARIS (Dow Jones)--Energy group GDF Suez (GSZ.FR) Thursday said it regretted a French government decision to freeze regulated natural-gas prices, adding that it would challenge the decision with the "relevant authorities."

Earlier Thursday, French Industry Minister Eric Besson said he had turned down GDF Suez's request to increase gas prices from Oct. 1, according to French news agency Agence France Presse.

The company said in a statement that it would miss out on revenue of 290 million euros () because of the tariff freeze, at a time when the price of oil and gas is soaring.

-By Noemie Bisserbe and David Gauthier-Villars,

Dow Jones Newswires; [phone];

[e-mail]

[grupo guitarlumber] 20/9/2011 21:42

Why GDF Suez CEO Gérard Mestrallet Likes Emerging Markets
September 20, 2011 • Jayne Jung

The Amazon River basin, home to 10 percent of the world's species and purifier of 1.5 gigatons of carbon dioxide a year, is a global ecological treasure trove. Yet, French energy giant GDF Suez obtained ready permission from Brazil to build a 3,700-megawatt hydroelectric dam on the Madeira River, a chief tributary of the Amazon. Astute international corporate relations explain why.

Known informally as the Jirau plant, the dam is expected to generate enough clean power for the equivalent of more than 10 million homes when it is fully operational in 2013. Significantly, the $6 billion cost includes $600 million to preserve the surrounding rain forest, protect fisheries and build housing and provide health and educational services for displaced indigenous people.

GDF Suez, often described as the world's biggest utility, today finds emerging markets as appealing as countries like Brazil, China and Saudi Arabia find GDF Suez's ability to provide electricity, natural gas and alternative energy in an environmentally and socially acceptable fashion.

Driving the Paris-based company's latest global thrust is Gérard Mestrallet, the animated chairman and CEO who has steadily extended GDF Suez's global domain since he became chief executive of its predecessor Compagnie de Suez in 1995.

At the time, the nearly 200-year-old Suez, which had built the Suez Canal in 1869, operated primarily as a bank, but one that controlled much of the big French water company Lyonnaise des Eaux. Suez's extensive exposure to French real estate had caused its balance sheet to spring a leak. Mestrallet audaciously sold what some considered the soul of Suez, Banque Indosuez, to Crédit Agricole for Ff 6.3 billion ($1.38 billion) to concentrate on energy engineering. And deals.

Several acquisitions later GDF Suez, by now a global energy conglomerate, had sales in first-half 2011 of €45.7 billion ($65.9 billion) and earnings before interest, taxes, depreciation and amortization of E8.9 billion; both revenues and income are up about 8 percent over the first half of last year.

Mestrallet's deal making has yet to slacken. In February of last year, GDF Suez completed a $23.4 billion reverse takeover of British utility International Power, thereby quadrupling its U.K. power production, to 11 gigawatts, and considerably expanding its presence in emerging markets. Then last month the CEO sold a third of GDF Suez's exploration and production division to China Investment Corp., that country's sovereign wealth fund, for €2.3 billion.

The son of a stationery-store owner, Mestrallet was admitted to the elite École Polytechnique and École Nationale d'Administration and started his career as an economic analyst in the government's aviation agency. He joined Suez in 1984 as a project manager.

Now 62, Mestrallet is considered a steady hand as a manager, but also a champion of the environment among utility CEOs and a visionary within his fast-evolving industry. He has a reputation as a shrewd predator on the M&A battlefield.

He spoke in June and again in August with Institutional Investor Contributor Jayne Jung about GDF Suez's newest conquests and its increasing emphasis on emerging markets.

Institutional Investor: Why are you so interested in emerging markets?

Mestrallet: We started to build a very strong position among independent power producers in North America, in Latin America, in the Middle East, in Thailand and in Singapore ten years ago through Suez. It had become more and more obvious to me that growth in the energy sector in Europe would be more limited because of lower economic growth and regulatory restrictions. And this was even before the financial crisis. It was also obvious to me that Suez had the business acumen, the teams and the know-how to be a leader in independent power production in emerging countries.

How does the recent China deal fit into this strategy?

It is really an industrial strategic partnership that will contribute to further opening the Asian market to GDF Suez. China will be a major LNG [liquefied natural gas] importer, and GDF Suez happens to be one of the world leaders in LNG. Therefore a deal with China appeared to be strategic and natural.

Utility companies are by nature sensitive to economic downturns. How were you affected by the 2008 financial crisis and its aftermath?

We are one of the rare companies that has not seen its ebitda drop during the crisis. It has been stable for two years, and now we can start to grow profits again. In fact, we have promised the market 15 percent growth for the next two years.



What was the thinking behind your merger with International Power?

We knew the company very well. They have the same approach as we do; they have the same view, the same strategy in emerging countries. The synergy was clear and very simple. We wanted to make a deal - a friendly deal - while preserving our balance sheet. So we formed a combination of IP and our international division [in effect, doing a reverse takeover in which GDF Suez swapped its international assets for majority stock ownership of a new company]. We represent 70 percent of the new company [still called International Power]. That is a very good deal. And it was without any polemics, because we had the agreement of the two managements, the two boards and the shareholders.

You've grown huge through a series of large utility mergers over the past decade: Suez and IP, but also Electrabel, Lyonnaise des Eaux, Société Générale de Belgique and Tractebel Energia. Do you worry that GDF Suez is no longer nimble enough to compete with local utilities and sovereign wealth funds?

On the contrary, we consider size a competitive advantage. Our returns on international operations are very high. We have a goal: to control the full energy chain, from financing and design to engineering and construction to controlling operations and managing a plant. We seek full control. And by raising nonrecourse project financing and also welcoming equity partners, we are able to invest in only the equity portion of a project, if, say, that represents 20 percent while nonrecourse debt is 80 percent. On top of that, we receive a fee as the project developer and an annual fee as the operator. They represent increased profitability on projects.

What are you budgeting for new projects, like Jirau?

We have decided to cap our investment budget at €11 billion per year to maintain our A/A– credit rating and protect our balance sheet. We have the strongest balance sheet in our sector [total assets as of 2010: €184.7 billion] and want to preserve it. But it would be possible for us to invest €20 billion in projects every year. We can thus take the best ones - those with the best balance between risk and return. Smaller utilities have nothing close to these opportunities.

How much of that budget is set aside for emerging markets?

Our group strategy is to accelerate growth in Latin America, the Middle East and Asia, so we want 30 percent of our new projects to be in emerging countries. IP offers a fantastic platform for growth in emerging countries; it allows us to catch growth where it is.

What's it like doing projects in emerging markets versus, say, Western Europe?

Well, there is a big difference, of course. For instance, in Brazil, Chile and Peru, regulation is very clear-cut and the rules stable. And they are adapted to the needs of countries that want to increase their power capacity. We like that.

What about environmental restrictions?

There are environmental constraints everywhere in the world, especially in countries like Brazil. That's why we're spending $600 million for environmental and social projects in connection with the Jirau dam hydroelectric project. That is much more than what we have seen done in Europe.

What would you, as an energy company CEO, do to reform environmental regulations?

What I'd want to insist on is that environmental constraints be integrated into all big projects right from design and conception. This would apply everywhere in the world.

And what happens now?

It is done today more in separate negotiations. You design a project, and then later on environmental regulators ask for more protection and more constraints. This should be integrated into the project from the beginning. That is the way for our industry to protect sustainable growth. We know that big dams from time to time draw protests from environmentalists and NGOs [nongovernmental organizations]. Therefore we have to be very, very careful to work with NGOs, not just official agencies, to integrate their ideas during the early conception of a project. This is in the best interest of a country, the people living in that part of the world and the planet. But it is also in the best interest of energy companies if they want to continue to grow in the coming ten to 20 years.

Did the troubles at the Fukushima Daiichi reactor after Japan's earthquake change your attitude on nuclear power?


Fukushima will have a limited impact on a group like ours. Our business model is one-third electricity, one-third natural gas and one-third services. Nuclear represents 10 percent of our electricity production and only 3 percent of revenues for the whole group. Today we have 19,000 megawatts of power plants under construction worldwide, representing hydro, gas turbine, wind power, some coal, geothermal and solar - but no nuclear at all. Of course, we want to preserve our existing 3 percent nuclear share.

What about places like Belgium, where nuclear is critical?

Nuclear power will have to be reduced [around the world], but we don't know if that will be the case in Europe. There we have to apply stress tests to our seven nuclear plants, and then, if those are successful, we will discuss extending the plants' longevity with government officials.

Is a country's nuclear power choice more of a political decision than a scientific one?

Yes, although perhaps it is helped by scientific research. But I want to be clear. This will not change the rate of growth for GDF Suez. If there are no nuclear projects, we will still invest €11 billion in projects, but it may change the nature of our investments. In the end, we may have less gas and more renewables.

[In a follow-up to her earlier interview, Jayne Jung in mid-August asked Mestrallet for his reaction to the then-escalating European debt crisis.]

I would like to salute the efforts and the swift reaction of European governments and, more specifically, France and Germany. At GDF Suez we took early action not to be too exposed to troubled European economies and to benefit from faster-developing economies. And in March, GDF Suez launched the first euro-denominated 100-year bond issue. The group has now secured its financing needs until 2016, with 84 percent of our net debt at a fixed or capped rate. • •

[grupo guitarlumber] 20/9/2011 20:49

|
0TEC le 19/09/2011 à 11:13GDF SUEZ : Peu de risque à moyen terme


© TEC


SYNTHESE
Le MACD est négatif, mais il se situe au-dessus de sa ligne de signal : la tendance est en train de changer. Maintenant, le MACD doit franchir zéro pour que la hausse se poursuive dans les jours à venir. Le RSI est supérieur à 50, cela confirme une bonne orientation du titre. Les indicateurs stochastiques ne donnent pas de signaux clairs pour les jours à venir. Les volumes échangés sont inférieurs à la moyenne des volumes sur les 10 derniers jours.

MOUVEMENTS ET NIVEAUX
Depuis le plus bas à 19,49 EUR le titre est en phase de reprise technique vers sa moyenne mobile à 50 jours située à 21,4 EUR : le comportement des cours sur ce niveau permettra d'envisager la poursuite du mouvement à moyen terme. Pour alléger la position, on pourra attendre de tester les résistances à court terme situées à 23,35 EUR et 24,02 EUR. Les supports sont à 18,64 EUR puis à 17,29 EUR .



Dernier cours : 21.09
Opinion : neutre
Tendance : baissière
Support : 18.64 / 17.29
Resistance : 23.35 / 24.02

[grupo guitarlumber] 20/9/2011 20:21

EON, RWE Are Dubbed 'Recovery Option' Stocks at UniCredit
Story tools
print this storyorder a reprintsuggest a storydigg thissave to del.icio.usSept. 20 (Bloomberg) -- EON AG and RWE AG are potential "recovery option" stocks should European governments find a solution to the sovereign debt crisis, according to analysts at UniCredit SpA.

"Political risk, at least in northern Europe, has peaked," analysts including Lueder Schumacher and Javier Suarez wrote in a note to investors today. "As balance sheet capacity is being exhausted, politicians will be forced to look elsewhere for revenues, tempting as extra taxes on the sector may be."

European government intervention has cut 200 billion euros ($273 billion) from utility shares since January 2009, according to Citigroup Inc. It's no coincidence that RWE and EON, Germany's two largest utilities, and France's Veolia SA have seen the biggest adjustments to dividend expectations and are the worst-performing stocks in the industry, UniCredit said.

Fortum OYJ, GDF Suez SA and International Power Plc are UniCredit's top picks even against a background of falling power prices, the analysts said. EON and RWE have "little upside" under UniCredit's base scenario, though offer "geared exposure" if a solution to the crisis is found.

German power prices for next year may fall toward 52.80 euros a megawatt-hour, about four euros below current levels, according to UniCredit. That would push so-called clean dark spreads, a measure of coal-fed power station profitability, to zero, the report said.

Baseload power for 2012 has fallen 2.2 percent this month to 57.50 euros a megawatt-hour, broker data on Bloomberg shows.

--With assistance from Catherine Airlie in London. Editors: Stephen Cunningham, Alex Devine.

[ariane] 20/9/2011 10:03

source: the connexion

Gas prices could rise 5%
September 20, 2011
GAS prices could rise on October 1.

GDF Suez is in negotiations with the government and is asking for 5%, said Le Figaro.

The company is said to be bargaining for the rise by suggesting an increase in the number of people who would be exempt from the rise on income grounds. The number would increase from 400,000 to 4 million, on the understanding prices can rise for the rest.

Consumer body CLCV has said such a rise would be unacceptable.

"They have found new gas supplies and its price has been dropping on the markets for three years," said a spokesman. "However the customer does not benefit because in France its price is still aligned with that of oil. That's no longer acceptable."

With the presidential elections in view, another rise would be a delicate matter for the government, as gas bills have already increased 20% since April 2010.

[waldron] 19/9/2011 09:29

GDF Suez In Talks To Obtain Targeted Tariff Increases - Report
Share this article print
Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 19 September 2011
Power group GDF Suez SA (GSZ.FR) is in talks with the French government seeking an increase in natural gas regulated tariffs for specific households, French daily Le Figaro reports Monday without citing sources.

According to regulations, GDF Suez would be entitled to a 5% tariff increase, yet the government is reluctant to increase tariffs ahead of next May's presidential election, Le Figaro explains.

Therefore GDF Suez offered to increase the number of households that would be spared from a tariff increase due to their low income, and high-income households would instead see their tariffs increased, the newspaper says.

No one at the Finance Ministry nor at GDF Suez was available to comment.

Newspaper Web site:

-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1740

[grupo guitarlumber] 19/9/2011 07:06

Boursier.com) -- GDF SUEZ continue à négocier de pied ferme une hausse des prix du gaz le 1er octobre prochain avec le gouvernement français, souligne ce matin 'Le Figaro', qui rappelle que le groupe serait en droit de réclamer une majoration de l'ordre de 5%

[grupo guitarlumber] 18/9/2011 20:07

seems no one believes it will go beyond 24 EUROS in the short term
and no higher than 29 EUROS in the medium term

i guess they're stripping out some goodwill and intangibles
and not happy with the high level of debt

[waldron] 18/9/2011 19:36

intangibles may have risen to 19 EUROS
THEREBY making the NAV 33 EUROS

[ariane] 18/9/2011 19:17

can we confirm the NET ASSET VALUE as being 29 EUROS
and at 15 EUROS Excluding intangibles

[the grumpy old men] 17/9/2011 07:43

GDF Suez Draws Down EUR2 Billion From Syndicated Credit Line-Report
By Paris Bureau

Published September 16, 2011
| Dow Jones Newswires

Print Email Share Comments
inShare.0 Text Size
PARIS -(Dow Jones)- French power company GDF Suez (GSZ.FR) drew down EUR2 billion from an existing syndicated credit line for the next two weeks to partly pay for the acquisition of a storage facility in Germany from Royal Dutch Shell PLC (RDSA.LN), French newsletter La Lettre de l'Expansion reported Friday.

The move is temporary as GDF Suez expects to cash in revenues from asset sales of as much as EUR6 billion by early October, the newsletter said on its website.

This operation is a good test for banks, which showed they have the capacity to gather EUR2 billion in cash, La Lettre de l'Expansion said.

No officials at GDF Suez were immediately available for comment.

Newspaper website: www.lalettredelexpansion.com

[e-mail]



Read more:

[the grumpy old men] 17/9/2011 07:22

GDF Suez : support à 19.8.

Imprimer..Sociétés :GDF SUEZGDF SUEZRubriques :Bourse.Cours associés
Symbole Cours Variation
GSZ.NX 20.02 +0.2

GSZ.PA 21.09 +0.05


Suivre ces actions
{"s" : "GSZ.NX,GSZ.PA","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le vendredi 16 septembre 2011, à 18h 48
Sur les 5 derniers jours, le titre s'est envolé de 6.33%. Depuis le début de l'année, il est en baisse de 21.45%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est supérieur à sa ligne de signal et négatif. Le MACD doit dépasser la ligne du zéro pour valider une poursuite de la hausse. Enfin, le titre est inférieur à sa moyenne mobile 50 jours.
A noter que les volumes sont en hausse depuis quelques jours.

Graphiquement : les niveaux de résistances se situent sur : 23.1 puis 23.9. Tandis que les prochains supports sont sur : 20.4 puis 19.8.

Notre préférence : Achat court terme sur GDF Suez (Euronext: GSZ.NX - actualité) (GSZ).

Le point d'invalidation de notre scénario est situé sur : 19.8.
Cours de référence : 21.1.
Copyright © CHARTS

[the grumpy old men] 16/9/2011 10:38

source: this is money


Power giants form Britain's nuclear family as reactor race hots up
By Peter Campbell

Last updated at 8:22 PM on 15th September 2011

Comments (1) Share The race to the reactor is hotting up between the firms vying to build Britain's nuclear future.

GDF Suez, the owner of International Power, plans to open an operational plant by 2023 at its site in Sellafield – and trounce its main rival, EDF.

Sources close to GDF said the company would fare better as a British provider as it was used to operating in a private-sector environment, unlike the French stateowned EDF.
The race to the reactor is hotting up between the firms vying to build Britain's nuclear future
'I'm not saying EDF are bad at running nuclear,' said the source, 'I'm just saying GDF will be far more comfortable in Britain.'

The company runs seven nuclear reactors in Belgium, and is involved in projects in countries including Saudi Arabia, Chile, the United States, Poland and Turkey.
More...BAA hopes it can hang on to Stanstead after Competition Commission ruling
Shares across Europe surge after central banks co-operate to ease funding pressures on commercial banks

The source said GDF would avoid the costs incurred by its rival, which sunk £12.5billion into British Energy in 2009 and paid £300million after outbidding GDF for a site in Somerset.

'GDF walked away from that auction,' they said. 'Next time it was the only bidder, and got the site at Sellafield for £70million.'

EDF has a significant head start, having received planning permission for its location, while GDF does not anticipate starting construction until the end of 2016.

Its plant will be run by NuGen, a consortium of GDF, Scottish and Southern Energy and Iberdrola.

Chief operating officer Olivier Carret yesterday said the decision had been taken to go into Britain 'after seeing which market had a need for the technology'.

Another senior GDF source said the group saw a 'nuclear vacuum waiting to be filled', adding: 'Within Europe, if anyone wants to invest in nuclear power then Britain is the only option that is open.'

A third contender, Horizon – comprised of RWE and E.ON – plans to have a plant up and running by 2025.


Read more:

[the grumpy old men] 16/9/2011 10:34

investir


Nous sommes acheteurs pour la solidité générale du dossier. Objectif de 24 euros.