Guangdong Development Fund Share Discussion Threads

[waldron] 01/12/2012 15:30

Graphiquement : les niveaux de résistances se situent sur : 18.3 puis 18.7. Tandis que les prochains supports sont sur : 17 puis 16.8.

Notre préférence : Achat court terme sur GDF Suez (TLO: GAZ-U.TI - actualité) (GSZ).

Le point d'invalidation de notre scénario est situé sur : 16.8.
Cours de référence : 17.3.

[waldron] 01/12/2012 11:32

GDF Suez SA (EPA: GSZ)'s stock had its "hold" rating reaffirmed by research analysts at Independent Research GmbH in a report released on Friday. They currently have a $24.29 (€19) target price on the stock

[waldron] 30/11/2012 11:22

GDF Suez Close to Buying Repsol's LNG Unit- Report
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Today : Friday 30 November 2012
French power company GDF Suez SA (GSZ.FR) is close to seal a deal to buy the liquefied natural gas unit from Spain's oil company Repsol SA (REP.MC), French website Wansquare said Friday, citing banking sources.
GDF Suez's Chief Executive Gerard Mestrallet may announce a deal during an investors day scheduled next Thursday. GDF Suez is interested in the unit as it is already big on liquefied natural gas production, export and supply shipment, Wansquare added.
Repsol put its natural gas unit, which operates in Canada, Peru and Trinidad and Tobago, after the Argentine government seized its oil activities in the country.
Officials at Repsol and GDF Suez declined to comment on the report.
Newspaper Web site:
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[waldron] 30/11/2012 08:56

i can't wait for investors day
on thursday 6th Dec

[grupo guitarlumber] 30/11/2012 08:28

28 Feb 2013

2012 annual results

23 Apr 2013

Shareholders' Meeting

23 Apr 2013

1st quarter 2013 results

[ariane] 30/11/2012 06:51

L'analyste s'attend à ce que la journée investisseurs du 6 décembre prochain constitue un véritable catalyseur pour le titre

[ariane] 30/11/2012 06:43

PARIS--French Energy Minister Delphine Batho Thursday said she will release new gas tariffs for 2013 on Dec. 10

[grupo guitarlumber] 29/11/2012 18:46

French Energy Min to Release 2013 Gas Tariffs Dec 10
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Today : Thursday 29 November 2012
By Inti Landauro
PARIS--French Energy Minister Delphine Batho Thursday said she will release new gas tariffs for 2013 on Dec. 10, which will take into account a high court ruling that limited regulated gas tariff increases for the fourth quarter.
Ms. Batho's comments come hours after France's highest administrative court Conseil d'Etat ruled against the 2% cap set by the government to regulated gas tariff charged to households in the country. The ruling paves the way for higher gas prices, and prompted an increase in the share price of GDF Suez (GSZ.FR), the country's largest gas utility.
The court said the French government underestimated gas supplies costs incurred by gas distributors and was therefore detrimental to them. Gas tariffs in France are regulated and set every quarter through an established formula that takes into account supply costs.
The court also said the government's move was unlawful as it ignored the formula to benefit customers. Under the calculation method, gas tariffs should have increased 6.1% for the fourth quarter.
The prospects of higher tariffs in France boosted shares in GDF Suez, which ended 2.8% up at 17.39 euros ($22.54).
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[grupo guitarlumber] 29/11/2012 17:55

Tarifs du gaz: le gouvernement annoncera sa décision le 10 décembre - Batho
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Today : Thursday 29 November 2012
La ministre de l'Energie Delphine Batho donnera le 10 décembre la décision du gouvernement pour les tarifs du gaz à compter du 1er janvier, a-t-elle annoncé jeudi, après l'invalidation par le Conseil d'Etat de la hausse réduite de 2% décidée pour le quatrième trimestre.



Cette décision "tiendra compte" de la décision du Conseil d'Etat, qui a donné un mois au gouvernement pour revoir sa copie, assure le ministère dans un communiqué.



Mme Batho présentera à la même occasion les "travaux" lancés par le ministère pour l'"optimisation des coûts d'approvisionnement et sur le renforcement des audits de la Commission de régulation de l'énergie", précise son cabinet.



Le ministère n'indique pas quelles pistes sont envisagées, mais rappelle que le gouvernement a demandé "à GDF Suez, dès le début du mois de septembre, de renégocier ses contrats d'approvisionnement afin de diminuer leur exposition aux prix du pétrole".



Le gouvernement a également demandé à GDF Suez de "lisser les hausses de tarifs dans le temps", rappelle-t-il encore.



La hausse des tarifs réglementés du gaz avait été limitée à 2% au quatrième trimestre, alors que la formule légale aurait dû entraîner une hausse de 6,1%, selon la Commission de régulation de l'énergie (CRE).



Le Conseil d'Etat avait été saisi le mois dernier par l'Anode, une association regroupant quatre concurrents de GDF Suez, qui sont pénalisées par les prix trop faibles de l'opérateur historique.

[grupo guitarlumber] 29/11/2012 16:47

France's Court Rules Against Capped Gas Tariffs
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Today : Thursday 29 November 2012
By Geraldine Amiel
PARIS--France's highest administrative court Conseil d'Etat Thursday ruled against the limits set by the government to regulated gas tariff increases for the fourth quarter this year, paving the way for higher natural gas prices and prompting a rise in gas distributors' share prices.
Ruling through an emergency procedure, the Conseil d'Etat said that the government, which capped the tariff increase at 2%, underestimated the gas supplies costs incurred by gas distributors and was therefore detrimental to them. It also said the government's move was unlawful as it ignored a set method to calculate tariffs for customers.
Under the calculation method the government ignored, gas tariffs should have increased 6.1% for the fourth quarter.
The prospects of higher tariffs in France sent shares in GDF Suez SA (GSF.FR) up. At 1455 GMT, shares were trading 2.9% higher to 17.41 euros ($22.49).
Gas tariffs in France are regulated and set every quarter for the following three months, to take into account the supply costs of gas distributors.
The French government, under Socialist President Francois Hollande since May this year, has pledged to defend households' spending power during the economic crisis, as consumer spending is one the remaining strengths of France's economy.
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[grupo guitarlumber] 29/11/2012 16:45

Polish Companies Seen Issuing Long-Maturity Bonds
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Today : Thursday 29 November 2012
SOPOT, Poland--Polish companies that face the challenge of financing large infrastructure projects will increasingly turn to issuing long-maturing bonds, Dariusz Daniluk, chief executive of state-run Bank Gospodarstwa Krajowego, said Thursday.
"I think 50-year or 60-year bonds is the natural path Poland will take for power and infrastructure investments," Mr. Daniluk told a conference on energy policy in Sopot on the Baltic coast. "Profitable investments find financing sooner or later."
The Polish government is in the process of creating a state entity called Inwestycje Polskie, a quasi-private equity fund that will spend privatization revenue to make equity investments in infrastructure projects.
Mr. Daniluk said that "the market has it's imperfections, so there is space for a role for the state." He said the role of his bank will be to provide "complementary financing" to Inwestycje Polskie. Bank BGK shares a credit rating with the Polish state and is wholly government-owned.
Polish electricity prices are depressed, making it nearly impossible to finance any new power plant investments in a commercially viable way, said Wojciech Hann of Deloitte.
A presentation by Mr. Hann showed French power utility GDF Suez SA (GSZ.FR) has issued a 100-year bond.
Dariusz Lubera, chief executive of Tauron Polska Energia SA (TPE.WA), said he welcomed the arrival of Inwestycje Polskie and that his company could issue eurobonds as a "next step" after a bond issue on the domestic market.
Write to Marynia Kruk at [e-mail]

[waldron] 29/11/2012 12:38

GDF Suez Crédit Suisse relève son opinion à 'neutre'.

(CercleFinance.com) - Crédit Suisse relève sa recommandation sur GDF Suez, passant de 'sous-performance' à 'neutre', et fixe désormais l'objectif de cours à 16 euros, contre 15,5 euros précédemment.

Le bureau d'études indique que la réforme du marché du gaz en France devrait bénéficier à GDF Suez à moyen-terme.

Il estime par ailleurs que le groupe pourrait dévoiler les détails d'un virage stratégique, caractérisé par une réduction des coûts et un recentrage du portefeuille.

L'analyste s'attend à ce que la journée investisseurs du 6 décembre prochain constitue un véritable catalyseur pour le titre

[waldron] 28/11/2012 11:14

GDF SUEZ : Hydrogen and natural gas : a new energy field: The French government supports the GRHYD demonstration project
11/28/2012| 05:26am US/Eastern

Paris La Défense, November 28th, 2012,

The GRHYD project, involving the injection of hydrogen into natural gas networks and the production of Hythane® (a fuel composed of hydrogen and natural gas), was recently chosen as part of the Investments for the Future program in answer to ADEME's Call for Expressions of Interest in hydrogen fuel cells, on behalf of the French government.

The purpose of the GRHYD project, led by GDF SUEZ with a 12-member group of partners, is to transform into hydrogen electricity from renewable energy produced outside peak period and to utilize the hydrogen combined with natural gas for heating, hot water production, as a fuel, etc. Providers of intermittent renewable energy will thus have a new application of their energy and a new way to achieve further greenhouse gas reductions.

France has plans to achieve 23% of its total energy consumption via renewable energy by 2020. Wind and solar power sources produce electricity on an intermittent basis at times when consumers do not necessarily need it. It is necessary therefore to find a means to store this energy or make use of it in other ways.

The GRHYD project proposes to transform unused electricity into hydrogen. Injecting hydrogen into natural gas networks opens new ways of utilizing electricity through natural gas applications. The project thus facilitates introduction of a flexible solution coupling electricity and natural gas in the energy chain through hydrogen production while maximizing the share of renewable energy in French energy consumption.

The project will begin with a preliminary study phase lasting roughly two years consisting of two demonstration projects:

•an industrial scale Hythane® fuel project where a natural gas vehicle (NGV) fueling station will be adapted to a hydrogen/natural gas mixture, with 6% hydrogen at first, then 20%.
•a project involving the injection of hydrogen into the natural gas distribution network. A new residential neighborhood of some 200 housing units will be heated using a mixture of hydrogen and natural gas, with the hydrogen content varying up to a maximum volume of 20%.
Over a five-year period, these two pilot projects will provide a basis for evaluating the technical, economic, and environmental soundness of this new energy field and for collaborating with local jurisdictions and neighborhood residents.

The results of these two demonstration projects will make it possible to evaluate the effectiveness of using hydrogen for renewable energy storage to:

•optimize the value of renewable energy,
•produce and market even lower carbon natural gas to meet the environmental standards of municipalities and new eco-districts, and
•provide a new, lower carbon fuel for public transportation and/or municipal vehicles.
The GRHYD project, coordinated by the GDF SUEZ Research and Innovation Division, is a joint effort of twelve partners, including GrDF, GNVERT, AREVA - Hydrogène et Stockage de l'Énergie, CEA, McPhy Energy, INERIS, CETIAT, and CETH2.

Within 10 to 15 years, the hydrogen market in France is expected to generate estimated revenues of between €5 and €40 billion a year. Today, hydrogen is mainly used in chemical compounds for industrial processes (refining, ammonia production, etc.). In the future, thanks to its potential as an energy vector, it could be used to produce electricity and heat buildings, as a fuel for nomad objects, and to store energy.


GDF SUEZ Press Contacts
Tel: [phone] - Email: [e-mail]

ADEME Press Contacts
Tel: [phone] - Email: [e-mail]

[waldron] 28/11/2012 11:00

GDF Suez: BofA Merrill reprend le suivi à "achat"
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Today : Wednesday 28 November 2012
Bank of America Merrill Lynch reprend le suivi de GDF Suez (GSZ.FR) avec une recommandation "achat" et un objectif de cours de 20 euros. La société de services collectifs présente un modèle économique attractif grâce à l'accent mis sur l'international, note la banque. Elle escompte une revalorisation à moyen terme, en raison d'une meilleure visibilité sur la croissance des bénéfices et des perspectives séduisantes en termes de ratio de trésorerie par rapport aux dividendes. L'action perd 0,1% à 16,77 euros. ([e-mail])

[waldron] 27/11/2012 08:27

MOUVEMENTS ET NIVEAUX


Depuis le plus bas à 16.14 EUR le titre est en phase de reprise technique vers sa moyenne mobile à 50 jours située à 17.57 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 18.01 EUR et 18.5 EUR. Les supports sont à 16.07 EUR puis à 15.59 EUR .

Dernier cours : 17.18
Support : 16.07 / 15.59
Resistance : 18.01 / 18.5
Opinion court terme : neutre
Opinion moyen terme : negative

[waldron] 24/11/2012 09:59

GDF Suez SA Stock Rating Reaffirmed by KBC Securities (GSZ)
November 23rd, 2012 - 0 comments - Filed Under - by Trevor Kearing
Filed Under: Analyst Articles - Europe - Stock Market
GDF Suez SA (EPA: GSZ)'s stock had its "hold" rating reiterated by investment analysts at KBC Securities in a note issued to investors on Friday. They currently have a $25.64 (€20) target price on the stock.

[grupo guitarlumber] 23/11/2012 18:51

CORRECTION to Story About Total CEO and Timing of TIGF Disposal
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Today : Friday 23 November 2012
("Total CEO Doubts TIGF Disposal To Take Place Before Year End," at 1656 GMT, incorrectly stated in the first paragraph that the seven bidders were shortlisted to buy French gas storage unit TIGF. There are seven bidders but as yet no shortlist.)
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[grupo guitarlumber] 23/11/2012 18:47

Azerbaijan's Socar Gets OK for Caspian Pipeline Plan
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Today : Friday 23 November 2012
LONDON--Azerbaijan has ratified an intergovernmental agreement with Turkey spurring on plans to build a $7 billion pipeline that will carry Caspian Sea natural gas to the borders of Europe, the head of state oil company Socar said in an interview Friday.
The Azeri parliament Wednesday approved the agreement on the pipeline that will initially carry up to 16 billion cubic meters a year from the giant offshore Shah Deniz gas fields that BP Plc (BP.LN), Statoil ASA (STO), Total SA (TOT) and others are developing along with Socar.
Under the agreement with Turkey, the pipeline can be ramped up to 30 bcm/year to include gas from other offshore gas fields being developed in Azerbaijan and other Caspian producers, such as Turkmenistan. Eventually the Trans-Anatolian Pipeline, or Tanap, could be a conduit for gas from Kurdistan in northern Iraq.
"We've been doing a lot of work to implement this project and the ratification gives us the green light to move ahead," said Socar President Rovnag Abdullayev.
The European Union sees gas from Shah Deniz as vital to its future energy security as it seeks to diversify energy supplies and reduce dependence on imported gas from Russia, which currently supplies around a third of the region's gas.
Azerbaijan, which is targeting exports of up to 50 bcm/year by 2025, aims to become a major supplier to Europe, with Tanap supporting investment in other offshore gas developments.
Russia also wants to retain its grip on European gas supplies, and last month state-controlled gas giant OAO Gazprom (GAZP.RS) announced its final investment decision on the South Stream pipeline that will start transporting gas into Bulgaria in 2015, three years ahead of Tanap.
Mr. Abduallayev said that increasing demand in Turkey and demand elsewhere in Europe was strong enough for both projects to survive.
"We see South Stream and Tanap as complimentary, not competition," he said.
Socar and its Shah Deniz partners are currently evaluating two separate spurs onward from Tanap: one that would take the gas into Italy and a second into Austria. The final route selection into Europe is expected in mid-2013 along with the final investment decision for the second phase to develop Shah Deniz.
Mr. Abdullayev said although the TAP project into Italy is more advanced, that doesn't signify it is the preferred option and the Nabucco West scheme into Austria still has time to catch up.
Separately, he said Socar is working with Total and GDF Suez SA (GSZ.FR) on a development program for the Absheron gas field, where reserves are estimated at up to 300 billion cubic meters, or around a third the size of Shah Deniz, and is aiming for first production in 2020.
Mr. Abdullayev said very early indications for the Shafag-Asiman structure it is exploring with BP indicate the resource could be on a par with Shah Deniz. But he said the companies are still interpreting the three-dimensional seismic that was completed in January.
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[ariane] 23/11/2012 11:27

French Gas Prices May Rise by Less Than 1% in 2013 - Report
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Today : Friday 23 November 2012
Gas prices in France may rise marginally next year, by just under 1% on Jan. 1, French business daily Les Echos reports Friday, without citing sources.
France has a regulated tariff system for both households and industry, which allows for prices to be capped indefinitely, preventing gas distributors from passing on to customers costs associated with higher supply or maintenance.
French power and utility group GDF Suez SA (GSZ.FR), which distributes gas in the country, wasn't immediately contactable for comment.
Newspaper web site: www.lesechos.fr
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[ariane] 23/11/2012 09:37

GDF Suez : vers une quasi-stabilité des prix du gaz au 1er janvier ?Abonnez-vous pour
moins de 1€ par jour ! Il y a 2 heures
(Boursier.com) -- La facture de gaz des Français devrait rester quasiment stable au 1er janvier prochain... L'application de la formule de calcul de ces prix devrait ainsi aboutir à une hausse inférieure à 1%, selon les estimations réalisées par 'Les Echos' du jour. La formule prend notamment en compte les prix des contrats d'approvisionnement passés par GDF Suez, indexés à 74% sur les cours du pétrole restés globalement stables ces derniers mois... Le calcul doit être effectué officiellement un mois avant la date de révision du tarif, soit le 1er décembre prochain.

Cependant, cette modération des prix n'est pas garantie, dans la mesure où les groupes gaziers indépendants ont saisi le Conseil d'Etat le 24 octobre pour réclamer des hausses plus importantes, en guise de rattrapage d'un manque à gagner qu'ils dénoncent sur le précédent trimestre... Si le Conseil annulait l'arrêté tarifaire du 1er octobre (+2%), une hausse de rattrapage pourrait finalement être imposée en janvier...

Au 1er octobre, le gouvernement soucieux de préserver le pouvoir d'achat des 11 millions de ménages qui utilisent le gaz, avait limité la progression des prix à 2%, alors que GDF Suez réclamait une hausse de 6,9% et que la Commission de régulation de l'énergie (CRE) préconisait une augmentation de 6,1%...

[ariane] 23/11/2012 09:34

Stratégie : quatre françaises dans une sélection "dividende" européenne 21/11/2012 10:00


Alstom, GDF SUEZ, Sanofi et Vivendi figurent dans le panier de référence du Crédit Suisse dans la catégorie "dividendes élevés et pérennes", qui comprend 25 grandes valeurs européennes. Le courtier souligne que cette stratégie a porté ses fruits ces dernières années, dans un contexte difficile pour les marchés actions. La sélection a progressé de 10,3% sur les 6 derniers mois, contre 6,3% au STOXX600 Europe.
En terme de recommandations, l'analyste est "neutre" sur Alstom, valorisé 27 euros par action, à "sousperformance" sur GDF SUEZ avec un objectif à 15,50 euros, "neutre" sur Sanofi, valorisé 72 euros par titre et à "surperformance" sur Vivendi, avec un cours cible à 17,60 euros.

Détail de cours de ALSTOM
Détail de cours de GDF SUEZ
Détail de cours de SANOFI
Détail de cours de VIVENDI



Source: BOURSORAMA