Guangdong Development Fund Share Discussion Threads

[waldron] 09/1/2013 15:07

GDF Suez Nomura dégrade à neutre, le rendement demeure.

(CercleFinance.com) - Un note note sectorielle publiée ce matin par le bureau d'études Nomura sur les valeurs des services collectifs n'étant guère engageante : 'la situation peut empirer, on peut s'attendre à de nouvelles difficultés', indiquait son sous-titre. Dans ce cadre, le conseil des analystes sur l'énergéticien français GDF Suez a été abaissé du conseil acheteur de 'surperformance' à 'neutre'. A la différence des comparables allemands E.On et RWE, le titre échappe cependant au conseil de 'réduire' en raison du rendement qu'il procure. L'objectif de cours est lui aussi abaissé de 23 à 20 euros.

[waldron] 08/1/2013 08:49

January 07, 2013 07:30 AM Eastern Time World's Largest CFB Biomass Power Plant Now in Commercial Operation Using Foster Wheeler Advanced Technology
ZUG, Switzerland--(BUSINESS WIRE)--Foster Wheeler AG (Nasdaq: FWLT) announced today that the GDF Suez power plant located in Polaniec, Poland, is now in commercial operation, delivering over 200 MWe of electricity to the country's electricity grid solely from biomass.

"This particular CFB incorporates many advanced design features that enable the Polaniec plant to achieve a net plant efficiency of over 36%, based on the fuels lower heating value, while firing solely biomass containing up to a 20% agro component."
.The plant is powered by the world's largest and most advanced biomass CFB (circulating fluidized-bed) boiler, which was supplied by Foster Wheeler. CFB technology is capable of fully firing a wide range of biomasses and other fuels, including those derived from agricultural crops. "Agro" biomass can be produced much faster and on a larger scale than longer growth wood-based biomasses, thus improving the economics and sustainability of biomass power.

"The challenge has always been to design a boiler capable of reliably firing difficult-to-burn agro biomass while at the same time increasing steam temperatures to achieve high power plant efficiency," said Jaroslaw Mlonka, President and Chief Executive Officer of Foster Wheeler Energia Polska. "This particular CFB incorporates many advanced design features that enable the Polaniec plant to achieve a net plant efficiency of over 36%, based on the fuels lower heating value, while firing solely biomass containing up to a 20% agro component."

Mlonka further stated, "This Advanced Bio CFB -- or ABC -- is the largest and most advanced biomass CFB steam generator Foster Wheeler has ever supplied. Our goal for this project was to provide GDF Suez with a reliable, biomass-flexible boiler that would allow the client to build a high-efficiency green power plant – and we have achieved that objective."

The Polaniec plant is owned and operated by GDF Suez, one of the leading energy producers in the world. The plant began commercial operation on November 15, 2012, six weeks ahead of schedule. Foster Wheeler provided a turnkey delivery of the boiler island and fuel yard, including design and supply of all steam generation and auxiliary equipment, civil work, erection and commissioning.

Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company's Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company's Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

[waldron] 08/1/2013 08:46

Latest News
GDF SUEZ partners with Barcelona to design and develop the City of tomorrow
Gérard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ, and Xavier Trias, Mayor of the city of Barcelona, Spain, signed a strategic partnership in regard to the city of tomorrow. This agreement follows suit to the "City Protocol", an initiative launched by the city of Barcelona last July, to establish a model of excellence and reference in terms of developing solutions for sustainable cities projects.

Within this partnership, the city of Barcelona has already entrusted GDF SUEZ with the implementation of a smart city dashboard, a unique IT tool designed and developed by the Group for collection, analysis, and optimal use of available data about the city (energy, water, traffic, etc.).

This smart city dashboard will enable concurrent monitoring and development of the city's territorial policy; control of infrastructures; event communication, anticipation and management; and optimization of investments.

In addition, GDF SUEZ will develop, alongside the local authority, several research and innovation projects focusing on the city of tomorrow. These projects will include the development of local and renewable energy (heating and cooling networks), as well as studies on urban mobility, smart grids and energy-positive buildings and districts.

At the signing ceremony, Gérard Mestrallet, Chairman and Chief Executive Officer of GDF SUEZ said:
"Today we are taking another step in our long-term collaboration with the city of Barcelona, which is already strongly committed in the field of sustainable urban development. This new strategic partnership illustrates the Group's strong local presence and its ability to design and deliver innovative solutions that are immediately applicable in the area of the city of tomorrow."

For his part, Xavier Trias, Mayor of Barcelone, stated: "In signing this agreement Barcelona welcomes GDF SUEZ on board as a partner in its drive to become a smart city leader, for the benefit of its people. In this respect, strengthening public-private partnership is key to improve energy efficiency and sustainable, smart urban development. This cooperation is also necessary to foster innovation and to implement new technologies to serve citizens."

GDF SUEZ has been working with the city of Barcelona in the area of energy and the environment for more than 100 years, through its subsidiaries Agbar (Aguas de Barcelona), Degrémont and Cofely and its subsidiary, Districlima. Through Districlima in particular, the Group commissioned two plants in 2004 and 2012 to feed the urban cooling network, by collecting sea water, and the heating network, by using steam from the incineration of waste, in the new district "22@" in Barcelona.

For 150 years, GDF SUEZ has been providing services to local authorities. Today the Group offers innovative solutions in many cities around the world, from Paris to Chongqing, through London (tri-generation plants concurrently producing heat, air conditioning and electricity), Amsterdam, Casablanca, and even Rio de Janeiro or Singapore.

More about "City Protocol"

"City Protocol" is a system for measuring the quality and efficiency of cities through structural, functional, environmental and social indicators. The goal is to create an international standard – like the Internet protocol – a model of excellence that will serve as a global reference for governments, cities, planners and anyone who wants to convert their city into a "smart city".

(Source: GDF Suez)

[waldron] 07/1/2013 11:43

GDF Suez peut conserver sa valeur en 2013 - Deutsche Bank
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Gdf Suez (EU:GSZ)
Intraday Stock Chart
Today : Monday 7 January 2013
GDF Suez (GSZ.FR) "peut au moins conserver sa valeur en 2013 et pourrait commencer à s'apprécier si les investisseurs se concentrent moins sur le bénéfice par action et davantage sur la relative solidité du bilan, des flux de trésorerie et de la croissance hors d'Europe", estime Deutsche Bank. La banque note également que GDF Suez, grâce à la renégociation de ses contrats d'approvisionnement en gaz et à ses victoires devant la justice française, devrait être en mesure de continuer à récupérer ses coûts auprès des clients. Deutsche Bank a une recommandation "conserver" sur le titre, avec un objectif de cours de 18 euros. L'action GDF Suez recule de 1,3% à 15,78 euros. ([e-mail])

[waldron] 03/1/2013 15:23

AlphaValue reiterated their buy rating on shares of GDF Suez SA (EPA: GSZ) in a research report sent to investors on Thursday morning. The firm currently has a $19.47 (€15) price target on the stock.

[waldron] 02/1/2013 15:33

MOUVEMENTS ET NIVEAUX


Le titre est orienté à la baisse. Il est sous sa moyenne mobile à 50 jours située à 16.65 EUR. La moyenne mobile à 20 jours est inférieure à la moyenne mobile à 50 jours. Notre premier support est à 14.08 EUR, puis à 13.2 EUR et la résistance est à 17.61 EUR, puis à 18.49 EUR.

Dernier cours : 15.41
Support : 14.08 / 13.2
Resistance : 17.61 / 18.49
Opinion court terme : positive
Opinion moyen terme : negative

[waldron] 29/12/2012 10:05

Graphiquement : les niveaux de résistances se situent sur : 16.5 puis 17. Tandis que les prochains supports sont sur : 14.9 puis 14.6.

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

Le (Paris: FR0000072399 - actualité) point d'invalidation de notre scénario est situé sur : 14.6.
Cours de référence : 15.4.

[waldron] 25/12/2012 08:32

MOUVEMENTS ET NIVEAUX


Le titre est orienté à la baisse. Il est sous sa moyenne mobile à 50 jours située à 16.78 EUR. La moyenne mobile à 20 jours est inférieure à la moyenne mobile à 50 jours. Notre premier support est à 13.24 EUR, puis à 12.3 EUR et la résistance est à 17 EUR, puis à 17.95 EUR.

Dernier cours : 15.44
Support : 13.24 / 12.3
Resistance : 17 / 17.95
Opinion court terme : negative
Opinion moyen terme : negative

[waldron] 22/12/2012 08:58

GDF SUEZ : Small scale LNG: GDF SUEZ takes positions in this high potential market with capacities in Zeebrugge LNG terminal
12/21/2012| 11:01am US/Eastern

GDF SUEZ continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF SUEZ will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015). Those capacities will enable GDF SUEZ to reload small LNG carriers, such as LNG feeders and LNG bunkering vessels that will supply LNG as marine fuel for shipping companies.

LNG as a fuel for ships will develop in the future in a context of increasing pressure on maritime regulatoryconstraints on particle emissions in North Europe, as well as on fuel oil prices. Worldwide potential could reach more than 30 MTPA by 2025. LNG offers financial advantages and has various environmental benefits compared to diesel: CO2 emissions are 15-20% lower, the particulate matter content is 95% lower, the emission of sulphur is reduced by 90% and of NOx by 80%. Also, noise pollution of engines running on LNG is limited.

GDF SUEZ is already developing small scale LNG activities in Europe. Earlier this year, GDF SUEZ and GASNOR signed an LNG sales agreement for the supply of 7.5 TWh over a 12 year period. LNG volumes will be loaded first by trucks, from January 2013. In parallel, the Group is involved in the supply of LNG as fuel for trucks business through its affiliates Electrabel in Belgium, GDF SUEZ LNG Solutions in the Netherlands, and GNVert in France.

GDF SUEZ is one of the global LNG leaders and has a significant presence in regasification terminals around the world. Its LNG portfolio of 16 MTPA is sourced from 6 countries. The Group operates a fleet of 17 LNG carriers. The Group is the main LNG importer in the Atlantic Basin and the 2nd operator of LNG import terminals in Europe. In Western Europe, GDF SUEZ has access to long term regasification capacities in Zeebrugge, Belgium, Isle of Grain, the United Kingdom, Montoir-de-Bretagne and Fos sur-Mer, France.

[waldron] 22/12/2012 08:37

GDF Suez Plans to Invest 90 Million Euros in Romanian Wind Park
By Andra Timu - Dec 21, 2012 1:57 PM GMT+010 GDF Suez Energy Romania SA, a Romanian unit of France's GDF Suez SA (GSZ), said it acquired Alizeu Eolian SA, a local project company, to develop a wind park of about 90 million euros ($119 million).

The wind park will have total capacity of 50 megawatts and is located in a village in the southeastern Romanian county of Galati, GDF said in a statement sent to the Bucharest Stock Exchange today.

To contact the reporter on this story: Andra Timu in Bucharest at [e-mail]

To contact the editor responsible for this story: James M. Gomez at [e-mail]

[waldron] 20/12/2012 10:42

GDF Suez Barclays abaisse l'objectif de cours.

(CercleFinance.com) - Barclays réitère son opinion 'pondérer en ligne' sur GDF Suez et abaisse l'objectif de cours à 15 euros, contre 18 euros précédemment, avec les objectifs décevants communiqués le 6 décembre dernier, lors de la journée investisseurs.

[waldron] 19/12/2012 15:55

GDF Suez SA (EPA: GSZ)'s stock had its "hold" rating restated by equities researchers at Landesbank Baden-Wuerttemberg in a report issued on Wednesday. They currently have a $21.97 (€17) target price on the stock.

[waldron] 19/12/2012 11:29

French Electricity Tariffs to Increase 2.5% in January-Ministry
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EDF (EU:EDF)
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Today : Wednesday 19 December 2012
By Geraldine Amiel
PARIS--Regulated electricity tariffs in France are set to increase 2.5% from January to take into account costs related to subsidies for renewable energies and to guarantee the same treatment to all French households despite geographical discrepancies, the French environment and energy ministry said Wednesday.
Since July, French regulated tariffs include a charge of 10.5 euros ($13.84) per megawatt per hour, under a scheme known as CSPE. Following the tariff increase in January, the charge will be brought to EUR13.5/MWh, the ministry said.
The ministry wasn't able to provide further details on the increase to consumers' bills.
The French government has pledged to defend households' spending power during the economic crisis in Europe, but it is also seeking to boost renewable energies, a move that entails higher investments and could substantially increase customers' bills, as in Germany.
The energy regulator Commission de Regulation de l'Energie has calculated that the charge should be raised to EUR18.8/MWh for 2013 to take into account higher costs as well as to compensate French power producer Electricite de France SA(EDF.FR) for losses incurred after the charge remained unchanged over the previous years.
By EDF's latest calculations, the government owes it as much as EUR5 billion from the CSPE supposed to guarantee customers the same tariffs throughout the French territory, be they on the mainland or remote overseas territories as far as New Caledonia in the Pacific Ocean or Saint-Pierre-et-Miquelon off the coast of Canada's Newfoundland. The scheme also covers subsidies for individual renewable power producers.
The debt will be reimbursed over several years, the ministry also said.
Write to Geraldine Amiel at [e-mail]
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[waldron] 17/12/2012 09:41

GDF Suez Sells 60% of Renewable Capacities in Canada
12/17/2012| 03:56am US/Eastern

PARIS--GDF Suez SA (>> GDF SUEZ) Monday said it is selling a 60% stake in its Canadian-based renewable power activities to Japan's Mitsui & Co.(>> Mitsui & Co Ltd) and a consortium led by Fiera Axium Infrastructure Inc. for an enterprise value of around 1.5 billion euros ($1.97 billion), in a move that will help reduce its debt by EUR1 billion.

The French power group will retain a 40% interest in the 680 megawatt production capacities as well as their operatorship, while it will continue to develop its own new renewable projects in Canada.

GDF Suez has been trying to cut its debt and reduce its exposure to mature markets in the face of weaker energy demand, power-production overcapacity and increased competition stemming from Europe's crisis, while confronted with capped regulated gas tariffs in France and higher taxes on nuclear operations in Belgium.

Out of the EUR5 billion worth of assets the group has planned to sell, it has now achieved around EUR3.9 billion, it also said.

"This transaction represents an excellent example of monetizing value created through our investments, alongside retaining the upside from future renewable developments and from our operations and maintenance experience," the group's Chairman and Chief Executive Gerard Mestrallet said in a statement.

The 680MW portfolio comprises 363MW of operating wind facilities, and a further 317MW of wind and solar capacity that is expected to start commercial operation between 2013 and 2014. All projects are backed by power purchase agreements with provincial utilities. The facilities are located in Ontario, New Brunswick, Prince Edward Island and British Columbia

-Write to Geraldine Amiel at [e-mail]

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[waldron] 14/12/2012 19:05

Graphiquement : les niveaux de résistances se situent sur : 15.7 puis 16.1. Tandis que les prochains supports sont sur : 14.1 puis 13.6.

Notre préférence : Le titre GDF Suez (TLO: GAZ-U.TI - actualité) (GSZ) est baissier tant que 16.1 est résistance.

Le point d'invalidation de notre scénario est situé sur : 16.1.
Cours de référence : 15.3

[waldron] 14/12/2012 18:01

Norway's Crude Oil Output Continues to Disappoint
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BP (NYSE:BP)
Intraday Stock Chart
Today : Friday 14 December 2012
By Kjetil Malkenes Hovland
OSLO--Norway has missed its oil production target for a third consecutive month and won't achieve its 2012 goal for output because of maintenance and technical problems, mostly involving fields operated by BP Plc (BP) and Statoil ASA (STO).
November crude oil production was 15% below the official forecast, while September were also off by 12% and 15% respectively, the Norwegian Petroleum Directorate said.
Oil production is about 4% below expectations for the year so far, the government agency said.
Norway's crude oil output peaked in 2000 at 3.12 million barrels per day. It was about half that in 2011. Output averaged 1.443 million barrels a day in November, when maintenance and technical problems kept the Valhall and Hod fields operated by BP out of service for a second month.
Three other fields--BP's Ula and Tambar and the Oselvar field operated by the DONG Energy AS S (DONG.YY)--also remained closed, because of a hydrocarbon leak.
Plans to start production have been delayed at two other fields. One, the BP-operated Skarv field, is expected to start pumping in December but that will not save the production target, the agency said.
Production at Gjoa, operated by GDF Suez (GSZ.FR), and Statoil's Njord, Asgard and Troll fields have also been affected by technical problems or planned maintenance, according to the directorate.
The production start-up at the Talisman-operated Yme field is still uncertain after it was evacuated earlier this year due to cracks in the platform structure.
Total petroleum production by end-November 2012 is slightly higher than in the year-earlier period, at 1.294 billion barrels of oil equivalent, or about 3.86 million barrels per day. This includes oil, gas, condensates and natural gas liquids.
-Write to Kjetil Malkenes Hovland at [e-mail]
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[waldron] 14/12/2012 09:04

GDF Suez Nomura dégrade à 'neutre' contre 'achat'.

(CercleFinance.com) - Nomura a dégradé jeudi sa recommandation sur GDF Suez de 'achat' à 'neutre', avec un objectif de cours réduit de 23 à 20 euros, dans le cadre d'une vaste étude consacrée aux groupes énergétiques européens.

WE ONLY AWAIT SOC GEN AND BERENBERG TARGETS

[waldron] 14/12/2012 08:41

AlphaValue lowered shares of GDF Suez SA (EPA: GSZ) to an add rating in a research report released on Thursday morning. AlphaValue currently has $23.38 (€18) price target on the stock.