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[waldron] 04/11/2011 12:57

UK minister expects oil, gas prices to de-link by mid-decade
London (Platts)--4Nov2011/749 am EDT/1149 GMT




UK junior energy minister Charles Hendry expects oil and gas prices to de-link in Europe within a few years, he told parliament during a debate Thursday afternoon.

"We have seen the separation of gas and oil prices in the United States," Hendry said. "My assessment is that that will happen gradually over time in Europe, probably in the middle of this decade."

In the US the development of gas production from shale rocks has driven gas prices below their traditional oil-linked levels. The US gas price has been trading around $4/MMBtu, whereas European gas prices, still influenced by high oil market prices, are trading around $10/MMBtu.

Long-term gas sales, especially in Continental Europe, have often been linked to oil price indexes in contracts.

Hendry said shale gas in the UK "will not be a driver" of oil and gas prices de-linking in Europe, without specifying what would.

Some analysts think that the development of shale gas reserves in countries like Poland could help to split European gas prices from oil-linked levels.

Major gas importers such as E.ON Ruhrgas, RWE and GDF Suez have also been seeking to renegotiate contract terms with their suppliers.

EARTHQUAKE REPORT

Hendry confirmed the Department of Energy and Climate Change had received a report on the link between shale gas explorer Cuadrilla's shale gas fracking operations in Lancashire, northwest England, and earth tremors earlier this year.

Hendry pointed out that coal mining also caused seismic activity. "There is often a strong connection between coal mining and seismic activity," he said, "much greater than there is in relation to fracking."

He said the depth at which shale gas fracking took place could help to mitigate the risks.

"Shale gas development normally takes place thousands of feet further below the surface than coal mining, so there are additional reasons for believing that such operations can be done in a safe and proper way," he said. The government is considering the report before deciding whether Cuadrilla can resume fracking activity.

--Alex Froley, [e-mail]

[grupo guitarlumber] 02/11/2011 16:01

© TEC


SYNTHESE
Le MACD est négatif et inférieur à sa ligne de signal. Cette configuration dégrade les perspectives sur le titre. Le RSI n'indique pas encore une survente donc la poursuite de la baisse est techniquement possible. Inférieurs à 20, les stochastiques sont extrèmement bas. Les volumes échangés sont supérieurs à la moyenne des volumes sur les 10 derniers jours.

MOUVEMENTS ET NIVEAUX
Le mouvement haussier semble être arrêté. Le titre est sous sa moyenne mobile à 50 jours située à 21,5 EUR. Le premier support est à 17,46 EUR, puis à 16,28 EUR et la résistance est à 23,38 EUR, puis à 24,57 EUR.



Dernier cours : 19.68
Opinion : négative
Tendance : neutre
Support : 17.46 / 16.28
Resistance : 23.38 / 24.57

[waldron] 02/11/2011 11:32

Le mercredi 2 novembre 2011, à 11h 17
(CercleFinance.com) - Nomura réaffirme sa position 'achat' et ajuste son objectif de cours de 32 à 31 euros sur GDF Suez (Euronext: GSZ.NX - actualité) , se voulant rassurant après l'annonce par la Belgique de sa volonté de sortir de l'énergie nucléaire.

[ariane] 02/11/2011 06:50

PARIS (Dow Jones)--S&P Equity Research déclasse GDF Suez de conserver à vendre et abaisse son objectif de cours pour le titre de EUR21 à EUR18.

[ariane] 01/11/2011 04:59

Chinese fund inks stake purchase agreement with GDF Suez(Xinhua)09:43, November 01, 2011 BEIJING, Oct. 31 (Xinhua) -- The China Investment Corp. (CIC), the country's sovereign wealth fund, on Monday signed an agreement to pay GDF Suez 2.3 billion euros (3.2 billion U.S. dollars) in exchange for a 30-percent stake in the French company's exploration and production division.

CIC chairman Lou Jiwei signed the agreement Monday in Beijing with Gerard Mestrallet, chairman and chief executive officer of GDF Suez.

CIC also agreed to pay 600 million euros for a 10-percent stake in GDF Suez's Atlantic LNG liquefaction facility located in Trinidad and Tobago. The deal is expected to be finalized at the end of the year.

Gerard said that the partnership with CIC will provide opportunities for GDF Suez to boost its businesses.

On Monday, GDF Suez also signed an agreement to supply China's largest off-shore oil producer, the China National Offshore Oil Corporation (CNOOC), with a ship that can store and regasify liquid natural gas.

GDF Suez is the largest buyer of natural gas and importer of liquefied natural gas in Europe, while CIC is an investment arm established in 2007 as a wholly state-owned Chinese company that makes long-term global investments.

[ariane] 31/10/2011 13:33

Bloomberg

GDF Suez Falls in Paris on Reports Nuclear Plants to Close Early
October 31, 2011, 6:02 AM EDT
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By Kari Lundgren


Oct. 31 (Bloomberg) -- GDF Suez SA, the largest electricity producer in Belgium and the Netherlands, fell in Paris trading on reports Belgium may accelerate a phase-out of nuclear plants.

GDF declined 4.4 percent to 20.80 euros by 9:52 a.m. in the city, bringing its slide this year to 24 percent and valuing the utility at 46.9 billion euros ($66 billion).

Elio Di Rupo, prime minister-designate, and parties trying to agree a new government plan to phase out Belgium's nuclear plants, national news agency Belga said. The Doel I and II and Tihange I reactors will be closed in 2015 and other plants shut by 2025, Belga said, citing an unidentified person. A 10-year life extension for the plants had been agreed in 2009, Vincent Ayral, an analyst at UniCredit SpA, wrote in a report.

"The risk on GDF Suez's nuclear is rising once more," Ayral said. "We expect the stock to give up the bulk of its gains last week on the back of this news." The company rose 6.9 percent on Oct. 27 in Paris trading.

GDF's Electrabel SA unit operates Belgium's seven nuclear reactors and the utility has a capacity of about 13,000 megawatts in the country, including nuclear and wind farms.

The reactor closures depend on development of a program to ensure energy supply, according to Belga. Early closure may raise power security risks as the country struggles to replace the plants' 1,788 megawatt capacity, UniCredit said.

--Editors: Tony Barrett, Alex Devine

To contact the reporter on this story: Kari Lundgren in London at [e-mail]

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

[ariane] 31/10/2011 10:20

CercleFinance.com) - Oddo indique ce matin être passé à Neutre sur le titre GDF Suez contre Achat avec un objectif de cours de 28 E.

[waldron] 29/10/2011 17:26

La Belgique confirme sa sortie du nucléaire à partir de 2015
(AFP)

[waldron] 28/10/2011 21:54

Price freeze limits new entrants to French gas market: Altergaz
Paris (Platts)--28Oct2011/1054 am EDT/1454 GMT




New entrants to the French gas market face difficulty competing due to the regulated tariff structure that allows consumers to pick controlled retail prices, independent French energy supplier Altergaz said at an industry conference Friday.

"Gross profit margins are squeezed due to regulated tariffs on which a discount must be offered in order to attract customers," Altergaz CEO Jacques Deyirmendjian told delegates of the Petrostrategies Gas and Electricity Summit in Paris.

French users can choose to buy energy on tariffs set by the government every three months. In April this year, and again at subsequent reviews, the government opted to freeze gas prices for households and small businesses, saying it would not raise prices until well into next year, when presidential elections are due to be held.

The regulated tariffs are too low to cover GDF Suez's procurement costs for gas, and are also difficult for independent suppliers to make a profit against.

GDF Suez has estimated that the price freeze would impact the company's July-December profits by around Eur290 million ($401 million), and has filed an appeal to France's Council of State against the tariff freeze.

Rising prices of both long-term oil-indexed gas contracts and spot prices are undercutting profits, particularly for smaller suppliers, said Deyirmendjian.

"Everyone is suffering," he said, "Is that true and fair competition? I don't know."

Also speaking at the conference, energy regulator CRE's Director of Gas Dominique Jamme agreed that the formula for deciding gas tariffs should be reformed and that it shares the concerns held by market participants.

Late last month, CRE said it was formally against the government's tariff freeze, as it was insufficient to cover the procurement costs of GDF Suez.

--Jillian Ambrose, [e-mail]

Similar stories appear in European Gas Daily. See more information at

[waldron] 28/10/2011 20:14

GDF Suez : support à 20.3.

Imprimer..Sociétés :GDF SUEZRubriques :Bourse.Cours associés
Symbole Cours Variation
GSZ.PA 21.76 -0.59


{"s" : "GSZ.PA","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Le vendredi 28 octobre 2011, à 19h 08
Sur les 5 derniers jours, le titre a peu évolué, gagnant 1.21%. Depuis le début de l'année, il est en baisse de 18.96%.

Du point de vue de l'analyse technique : le RSI est supérieur à sa zone de neutralité des 50. Le MACD est inférieur à sa ligne de signal et négatif. L'enfoncement de la zone des 50 sur le RSI validera une poursuite de la baisse. Enfin, le titre est supérieur 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 : 24.6 puis 25.6. Tandis que les prochains supports sont sur : 20.9 puis 20.3.

Notre préférence : consolidation vers 20.3 avant un rebond.

Le point d'invalidation de notre scénario est situé sur : 20.3.
Cours de référence : 21.8.
Copyright © CHARTS

[waldron] 28/10/2011 13:30

The Associated Press October 27, 2011, 4:50AM ET text size: TTGDF Suez reports higher 9-month sales

PARIS

GDF Suez says its sales rose nearly 9 percent in the nine months to Sept. 30, with growth led mainly by acqusitions in its European and international energy division.

The French gas and electric utility says it made euro65.4 billion ($91 billion)in sales during the period, up from euro60.1 billion a year earlier.

In a statement Thursday, GDF Suez also warned that a decision by the French government to freeze the regulated consumer gas price will lead to almost a euro290 million shortfall in the fourth quarter, after a euro108 million impact during the first nine months of the year.

The group forecasts its earnings before interest, tax, depreciation and amortization will rise to between euro17 billion and euro17.5 billion this year, up from euro15.1 billion in 2010.

[waldron] 28/10/2011 12:17

source: boursorama

MOUVEMENTS ET NIVEAUX
Après un plus haut à 23,83 EUR le titre corrige vers la moyenne mobile à 50 jours à 21,47 EUR : le comportement des cours sur ce niveau permettra d'envisager la poursuite du mouvement à moyen terme. Les premiers points d'achats (ou supports court terme) sont à 18,71 EUR et 17,77 EUR. Les résistances sont à 23,39 EUR et 24,32 EUR.



Dernier cours : 22.35
Opinion : négative
Tendance : haussière
Support : 18.71 / 17.77
Resistance : 23.39 / 24.32

[waldron] 27/10/2011 11:35

source: investir


Nous sommes acheteurs sur le plan fondamental avec un objectif de cours de 26 euros.


Le cours au moment du conseil : 21.99 €

[waldron] 26/10/2011 18:26

French Government Intends To Extend Gas Tariff Freeze - Sources
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Wednesday 26 October 2011
The French government is set to extend a freeze in regulated natural-gas tariffs beyond Dec. 31 to avoid upsetting consumers months before the Spring presidential election, people familiar with the matter said Wednesday.

Regulated gas tariffs for household and small companies are normally reviewed every three months and vary up or down to reflect a rise or drop in the purchasing costs of distributors.

Yet, demands for tariff hikes submitted by GDF Suez SA (GSZ.FR) and other gas distributors were rejected by the government twice this year, in the third and the fourth quarters. And the government is intent on extending the freeze until March 31, the people familiar with the matter said.

An official at France's Energy Ministry declined to comment.

GDF Suez has appealed the government decision to freeze tariffs in the fourth quarter by taking the matter to the Conseil d'Etat, France's highest administrative court. The case is still to be heard.

Despite efforts to take the gas tariff issue off the political agenda by creating an algorithm which would automatically reflect the change in wholesale gas prices, successive French governments have intervened to block price hikes. These interventions often coincided with elections.

- By Geraldine Amiel, Dow Jones Newswires, [phone]; [e-mail]

[waldron] 26/10/2011 05:25

source: neurope.eu

Gazprom, EdF, GDF Suez discuss French power plans
Article | October 25, 2011 - 2:12pm

The nuclear central of Elecricite de France (EDF) at Cattenom, eastern France. |EPA/CHRISTOPHE

Russian gas monopoly Gazprom's Deputy Chief Executive Alexander Medvedev said his company has discussed with Electricite de France (EdF) and GDF Suez the possibility of exploring energy projects.

"This topic has been discussed with our partners, EdF and GDF Suez, but I don't want to run after two hares at the same time," Les Echos quoted Medvedev as saying on 19 October. "The idea is to establish a model with (Germany's) RWE and to then see if we can reproduce this with other partners. Our exclusivity with RWE does not cover France. That is why we have discussed it with our French partners."

RWE in July secured exclusive talks with Gazprom that could secure natural gas supply to RWE and provide for potential partnerships in coal and gas fired power plants in Germany, the U.K., Belgium and the Netherlands.

[ariane] 24/10/2011 17:53

EARNINGS PREVIEW: Europe's Utilties Face Policy Uncertainties
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 24 October 2011
TAKING THE PULSE: Third quarter results among Europe's utilities should be characterized by uncertainties stemming from governments implementing policy and tax changes on power companies in the wake of the economic slowdown and the post-Fukushima anti-nuclear backlash.

Looking forward, clouds are gathering over Europe's economic growth outlook, and slower growth would hit demand for electricity, potentially leading to a glut in production capacity and a potential weakening of electricity prices.

COMPANIES TO WATCH:

E.ON AG (EOAN.XE)--Nine Months results, Nov. 9, likely at 0630 GMT

MARKET EXPECTATIONS: E.ON's results for the first three quarters of the year are expected to be ill-fated due to the inauspicious decision this summer to accelerate the planned nuclear exit in Germany. However, results should have stabilized somewhat in the third quarter, although margin pressure in the wholesale natural gas and power generation businesses continues. Previously lowered 2011 profit guidance is expected to be reiterated.

MAIN FOCUS: Germany's largest utility by market value has said that profits should trough in 2011, before growing again next year. Any comment from E.ON on the development of natural gas and power prices to back up this guidance should therefore be welcome. Progress in the talks with Gazprom OAO (GAZP.RS) over commercial terms of long-term gas procurement contracts would also lend support. E.ON previously said it intends to shed up to 11,000 jobs to help lower costs by around EUR1.5 billion to the end of 2015. So far, E.ON hasn't provided much detail on its job cutting plans--causing bad blood between the company and its employees. Further information on these plans, however, are unlikely before a supervisory board meeting Dec. 12.

Enel Spa (ENEL.MI), 3Q earnings, Nov. 9, 1400 GMT

MARKET EXPECTATIONS: Analysts are expecting Enel's third quarter net profit to drop about 3% due to weakness at Spanish unit Endesa (lower margins in Spanish domestic generation; weaker performance in Latin America) and thinner margins in Italy. The company's stock has underperformed the utilities sector this summer because of overcapacity in the Italian power market.

MAIN FOCUS: Market watching for a possible dividend cut because of the "Robin Hood" tax on utilities in the government's austerity plan, with dividend yield remaining the same however at 7.6%. Some analysts starting to eye a possible cut in targets, given the Robin Hood tax, an increase in cost of debt and pressure on gas prices. In worst-case scenario, third quarter results could trigger a revision to consensus.

September, the Italian government raised the Robin Hood tax to 10.5% from 6.5% for the next three years.

Electricite de France SA (EDF.FR), Nov. 10, before market open

MARKET EXPECTATIONS: EDF's nine-months and net profit are seen up thanks to higher nuclear output, as the group forecast when releasing its first-half earnings. The current sovereign-debt crisis will still have an impact on consumer spending although as the weather in the Northern hemisphere is now turning cold there will be higher sales.

MAIN FOCUS: The group is expected to maintain its full-year guidance. Investors eagerly expect any comment regarding increased provisions for decommissioning nuclear plants and additional costs after the group submitted its own report to the country's power regulator on the post-Fukushima "stress tests" and potential needs for increase safety schemes. Also, EDF made a move to buy its Italian partners out of unit Edison SpA (EDN.MI) but the group fell short of announcing a price per share, a detail investors would be eager to have clarifications upon. Any comment on synergies and the amounts the company plans to invest in Edison if its offer is accepted will also be of interest. Investors also await news regarding Poland as EDF seeks to build a nuclear plant there.

GDF Suez SA (GSZ.FR), Oct. 26, before market open

MARKET EXPECTATIONS: GDF Suez's nine-months earnings before interest, tax, depreciation and amortization, or Ebitda, is seen 9% higher at EUR11.95 billion, boosted by the integration of U.K.-based power distributor International Power PLC (IPR.LN) and improved exploration and production margins. Sales are seen 8.9% higher at EUR65.42 billion. After GDF Suez already lowered its full-year guidance when releasing its first-half earnings figures, analysts don't expect the group to further amend their financial objectives for the year.

MAIN FOCUS: The gas tariff freeze decision in France is likely to be a focus for investors, who wonder about the impact on the group's earnings this year and its guidance for next year. Any comment from the management on their take on the next step by the French government over tariffs in January--a prolonged freeze or an increase--would also be interesting. More worrying is the situation in Belgium where the group owns and operates seven nuclear plants. The Belgian government has been reported to be considering a nuclear tax but is also reported to be considering putting in place a system under which it would buy nuclear power at cost and resell it to clients. Deutsche Bank says this would leave a margin of only EUR450 million from EUR1.8 billion currently. "The answer by GDF Suez in our view is to exit the Belgian market gradually, by closing down plants."

CEZ AS (BAACEZ.PR), 3Q earnings, Nov. 9, 0600 GMT

MARKET EXPECTATIONS: Analysts expect the Czech-based utility to post a sharp annual decline in net profit due to lower annual power prices, a trend already seen in the first two quarters. That should be compounded by losses on the company's stake in Hungary's oil and gas company MOL Nyrt (MOL.BU). In the third quarter MOL shares declined in value and it will be reflected via a downward revaluation of CEZ's options on its stake in MOL.

MAIN FOCUS: New taxes on revenues at subsidized solar power stations may have a negative impact on CEZ's earnings, though analysts expect the company to reiterate its full-year guidance and welcome any detailed information on the outlook for production levels and the expected production mix for the remainder of the year. The announcement on how much of 2012 and 2013 production CEZ has already presold will also be watched.

-By Sean Carney, Dow Jones Newswires; [phone], [e-mail]

(Jennifer Clark in Milan, Jan Hromadko in Frankfurt, Geraldine Amiel in Paris contributed to this report)

Go to for the new Dow Jones blog on Central and Eastern Europe, covering business, politics, society and more, written by our correspondents across the region.