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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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| Guangdong Dev. | LSE:GDF | London | Ordinary Share | GB0003933917 | US$0.01 |
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| - | O | 0 | 0.03 | USD |
Guangdong Development Fund (GDF) Share Charts1 Year Guangdong Development Fund Chart |
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1 Month Guangdong Development Fund Chart |
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| Date | Time | Title | Posts |
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| 12/3/2016 | 10:24 | EDF/GDF: Obelix & Asterix would think it a Gaz and shockingly so. | 1,286 |
| 20/4/2007 | 12:41 | Anyone else out there? | 10 |
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Posted at 12/3/2016 10:24 by la forge Siemens boss sees bright future for oil and gasPosted on 12 Mar 2016 inShare Siemens boss sees bright future for oil and gasAt a US conference at the end of last month, Siemens (www.siemens.co.uk) CEO Joe Kaeser said that the long-term fundamentals for the oil and gas industry are “positive̶ He said that depressed oil prices mean companies are in “a competitive landscape” where they need to discover new ways to become more efficient. New technologies such as computer simulations could help oil companies “map out processes and use their wealth of data to optimise their investments”. Mr Kaeser said he believes that Siemens’ future lies in “a world increasingly drawing on power from renewable sources”, adding that the private sector “has a responsibility to engage actively in global efforts to reduce greenhouse-gas emissions and to help the world move toa low-carbon, climate-resilient economy.” Mr Kaeser said that Siemens has recently invested in the oil and gas industry. Towards the end of last year, the German group acquired Texas-based Dresser-Rand — a manufacturer of industrial equipment for the oil, gas and process industries — for $7.8 billion. “The current price of oil increases the focus of our customers on ways to reduce costs. Despite the challenges presented by a low oil price, it also brings opportunities as we focus our efforts on offers that reduce costs and increase efficiency.” Mr Kaeser concluded his speech by saying that “people want to make a difference in life, so making them proud to work for a company is the best way to attract top talent. For employees trying to understand their role in our huge organisation, the key is to have them treat it as if they owned it. No matter what you do, no matter who you are, act as if it was your own company and you’ll be fine.” |
Posted at 04/10/2015 19:26 by waldron Now may not be the best time to unveil plans to export liquefied natural gas from the U.S. But don't tell Charles "Buddy" Roemer.The former governor of Louisiana will formally announce Monday one of the largest LNG-export proposals in the U.S., at a time when faltering demand for gas in Asia, as well as low prices, threaten the viability of ventures much further along the way than his. "There may be 40 ahead of us in the world already producing, but there are 30 behind us, and something is happening," said Roemer, chairman of a Baton Rouge-based G2 LNG. "This will be a powerful industry." The company is assembling a project worth nearly $11 billion, which would make it one of the biggest energy undertakings ever in Louisiana. Over 30 years, G2 LNG would export 672 billion cubic feet of LNG annually to China, Europe, the Caribbean and India. G2 LNG has already made progress on the regulatory front, having obtained approval from the Department of Energy earlier this year to export gas to countries with free-trade agreements with the U.S. Now, it's awaiting word from DOE on an application to sell to other countries, including China and India, and intends to file soon with the Federal Energy Regulatory Commission for permission to build the necessary facilities. This comes as leading energy authorities like the International Energy Agency caution that Asia and other markets will be unable to absorb most of the LNG capacity of plants proposed or under construction in the U.S. and elsewhere for the next five years or so. The industry leader in the U.S., Cheniere Energy, plans its first shipments in December from a facility in Louisiana. But Roemer, a banker as well as Louisiana's governor from 1988 to 1991 and a congressman from 1981 to 1988, says some energy analysts overlook the long-term potential for LNG demand in the world, especially in light of global concerns over climate change and recognition that gas is a cleaner-burning fuel than coal and oil. "Natural gas will be the product of the future," he said in an interview. "It will take the place of coal. It will take the place of oil. It will be a threat to the old empire." Moreover, according to Roemer, U.S. LNG will become increasingly appealing in comparison to gas from other, less stable regions of the world, like Russia and the Middle East. "The thing that's attractive about America is its consistency," he said. "It's the fact that you make a deal and we honor it. It's not (Russian President Vladimir) Putin. It's not the Middle East. It's America, and I think this energy business will be important to America. That's the reason we started this venture. I know there's competition. I like that. But the chance to deliver a promise made in America around the world is powerful to me." Patriotism aside, Roemer maintained that G2 LNG enjoys competitive advantages compared to some other U.S. export projects. Among them, FERC has already issued a favorable environmental review of the site on the Calcasieu Ship Channel in Cameron County when it was under consideration for an LNG-import operation several years ago. He said should bode well for his project. Perhaps even more important, G2 LNG owns gas resources in east Texas that it would draw on for exports, giving it flexibility in negotiating contracts with foreign customers, and the firm is looking for more gas acquisitions in Texas and Louisiana. "We can place a price on it differently than anybody else," he said. In short, Roemer maintains that G2 LNG will be well positioned by 2020, when it expects to complete construction of the facilities and begin shipping gas. While he acknowledged that forecasting gas prices is difficult, he said he is sure the market will have absorbed the current surge in LNG exports and will be looking for much more. "Some people can't see past their feet," he said of the caution flags being raised over the number of pending LNG export projects. "Other people know they're standing on a mountain. I've always taken the long view." Bill Loveless — @bill_loveless on Twitter — is a veteran energy journalist and television commentator in Washington. He is a former host of the TV program Platts Energy Week. |
Posted at 05/9/2015 10:37 by maywillow Cheaper gas in time for winterSeptember 05, 2015 GAS prices in France are to fall by 1.3% on October 1 - meaning cheaper energy bills for seven million homes that benefit from government-regulated tariffs. The reduced rate applies to customers of Engie, the new name for GDF-Suez, who are on the provider's tarif réglement&eac It follows another 1.3% decline in July and a slight rise (0.5%) on September 1. Prices for gas are adjusted by France's energy regulation committee on a monthly basis, based on the real cost of production, distribution and storage. Until recently, the rates were only revised quarterly. - See more at: |
Posted at 24/4/2015 18:03 by waldron PARIS--Goodbye GDF Suez SA. Hello Engie.French power utility GDF Suez said on Friday it was changing its name to "Engie," in a bid to reflect a changing energy industry and prepare for the departure of the company's longtime chief executive Gérard Mestrallet. Mr. Mestrallet's scheduled exit comes after 20 years at the helm of a company he has transformed through a series of large mergers and acquisitions. He said he and his anointed successor Isabelle Kocher, who is currently GDF Suez's deputy CEO, decided to change the name. "I personify the construction of the group and its history, Isabelle personifies its future," Mr. Mestrallet, 66, told a news conference as he unveiled the new name and a new logo. He said the new name is shorter--two syllables instead of five--and is easier to associate with the group's business: energy. The management decided to spell the name Engie--pronounced like the Rolling Stones song Angie--because it's reminiscent of the French word "énergie" to keep faithful to its roots. Ms. Kocher, 49, said the new name looks and sounds like a woman's first name. Mr. Mestrallet said a female name is "a coincidence that doesn't displease" him as the company will soon be run by two women, Ms. Kocher and CFO Judith Hartmann. Ms. Kocher's anticipated elevation to the top job would make her the only woman to run one of the 40 top French companies included in the blue chip index CAC 40. Since he took over as CEO of Suez 20 years ago, Mr. Mestrallet has turned the 150-year-old company into a behemoth, with almost 150,000 employees in 70 countries. He successively merged it with water and waste utility Lyonnaise des Eaux--which was later spun off as Suez Environnement--Belgi Most recently, under his guidance, the company has sought to expand mainly in Latin America and other emerging markets, as energy demand in Western Europe stagnated over the past few years. At the same time, European subsidies for renewable energy has made many conventional power plants unprofitable. Mr. Mestrallet said the idea is to gradually place the company's different units under the "Engie" brand. The renaming of the company will cost GDF Suez several million euros, Mr. Mestrallet said, but that isn't much for a company that reported sales worth close to EUR75 billion ($81.2 billion) last year, he added. The new name will be set up gradually and approved definitely at the general shareholders' meeting in mid-2016 when he is due to leave the company after reaching retirement age. GDF Suez is the latest large French company to move to change its name in recent years, often to boost an international profile or to better reflect identity after asset disposals. Luxury and retail group PPR was renamed Kering SA in 2013 and France Téléco Write to Inti Landauro at inti.landauro@wsj.co Access Investor Kit for GDF SUEZ SA Visit hxxp://www.companysp Subscribe to WSJ: |
Posted at 05/3/2015 06:17 by waldron EUBUSINESSGDF Suez in 2.5-bn-euro bond issue, including rare zero-coupon bond 05 March 2015, 01:12 CET — filed under: France, energy, business, bonds, GDFSuez (PARIS) - French energy giant GDF Suez said it sold four tranches of debt Wednesday for a total value of 2.5 billion euros ($2.7 billion), including a rare zero-coupon bond. "The coupons for each tranche are the lowest obtained by GDF Suez at these maturities in euros. In particular, the two-year tranche bears a zero-percent coupon," the group said in a statement. The Wall Street Journal called the launch of the zero-coupon two-year bond "a true rarity" and said GDF Suez was the first company in over 14 years to issue bonds in euros offering no regular payments to investors. The move comes as bond yields have slipped into negative territory ahead of a massive quantitative easing programme announced by the European Central Bank. The ECB is on Thursday expected to unveil details of the initiative, which will see the central bank buy 60 billion euros of bonds public and private bonds each month for 18 months. The GDF Suez sale offered a 500-million-euro 20-year bond that will pay interest of 1.5 percent and a 750-million-euro bond maturing in March 2026 with a coupon of 1.0 percent. A 750-million-euro bond maturing in March 2022 with a coupon fixed at 0.5 percent and a 500-million-euro two-year bond with a zero-percent coupon were also offered. "The average coupon of the issue is 0.75 percent and the average maturity is 9.8 years," the statement said. "This transaction shows the investors' trust in GDF Suez signature," the group's CEO Gerard Mestrallet added. "It is aligned with the strategy of dynamic management of the GDF Suez balance sheet and allows the group to secure its refinancing needs in exceptionally favourable market conditions currently prevailing in the eurozone." Unlike regular bonds, zero-coupon bonds do not see any interest payments made to the bondholder. Instead, the bondholder receives the face value of the bond at maturity, gaining on the difference between what they originally paid for the bond and the amount received at maturity. sbo/boc/cj/mfp/pdh GDF SUEZ |
Posted at 27/2/2015 12:16 by waldron GDF Suez (GSZ.FR) doesn't have a role in recapitalizing the struggling nuclear group Areva SA (AREVA.FR), GDF Suez chief executive Gerard Mestrallet says in a newspaper interview published Friday.After Areva last week warned of a $5.6 billion loss in 2014, speculation has swirled over whether the 85% state-owned company will need a capital injection. That speculation was fueled when energy minister Segolene Royal said she wants Areva to find synergies with state-controlled power utility Electricite de France SA (EDF.FR) and the state Commission for Atomic Energy. "We are watching carefully," Mr. Mestrallet says in the interview with French daily Le Figaro. "Public authorities haven't asked us anything yet and GDF Suez doesn't have a calling to own capital in Areva," he adds, noting that GDF Suez isn't an equipment maker. Government spokesman Stephane Le Foll said Wednesday the state won't take position on the matter until Areva presents a strategic plan next week. "Before this plan is presented, it wouldn't be very constructive to foresee solutions," said Mr. Le Foll, who is also agriculture minister. Newspaper Web site: hxxp://www.lefigaro. -Write to William Horobin at william.horobin@wsj. Subscribe to WSJ: |
Posted at 26/2/2015 13:13 by waldron EUbusinessGDF Suez bounces back with EUR 2.44 bn profits in 2014 26 February 2015, 13:16 CET — filed under: energy, France, earnings, Belgium, GDFSuez (PARIS) - GDF Suez bounced back in 2014 after major losses the previous year, results showed on Thursday, but the energy group announced fresh cuts in response to falling energy prices. The French-Belgian electricity and gas company posted a net profit of 2.44 billion euros ($2.77 billion) last year, the group said in a statement. Turnover slumped 6.6 percent to 74.7 billion euros compared with a year earlier. The better-than-expected net earnings were a marked improvement on the collossal losses of 9.65 billion euros registered in 2013, after difficulties in the European energy market forced it to devalue its power plants by 14.9 billion euros. The company said last year's growth was still affected by "the impact of climate on sales of gas in France, since 2014 was exceptionally warm, and by the impact of the fall in prices on the European electricity markets." Besides warm weather in Europe, the company was also hit by dry weather conditions in Brazil which curbed hydroelectric production and the shutting down of three nuclear reactors in Belgium. The group said it is putting in place a "rapid reaction plan", cutting some 250 billion euros from operational costs and reducing investments, particularly in exploration and production over the next two years. |
Posted at 31/7/2014 21:28 by waldron GDF Suez Warns 2014 Profit to Be in Lower Forecast Range By Tara Patel GDF Suez SA (GSZ), operator of Europe's biggest natural-gas network, said its first-half profit dropped 13 percent and warned the outage of two Belgian nuclear reactors and reduced heating demand may weigh on full-year earnings. While the utility confirmed 2014 financial targets, Courbevoie, France-based GDF Suez said these may be changed in the second half depending on what happens with the Belgium generators. The utility has forecast net recurring income in the range of 3.3 billion to 3.7 billion euros ($4.4 billion to $5 billion) for the year, compared with 3.4 billion euros in 2013. "We expect to be close to the low end" of the range under average weather conditions, even if the Belgian nuclear reactors are restarted in the fourth quarter, Chief Executive Officer Gerard Mestrallet said on a conference call. "Even if we do better on financial charges, 3.3 billion euros is reachable but would be a good result," Chief Financial Officer Isabelle Kocher said on the call. She cited the effects of the relatively warm winter in France, the Belgian reactors and the rising cost of producing electricity in Brazil as reservoirs dry up. GDF Suez, which operates installations from atomic reactors and pipelines to offshore gas platforms, has been hurt by lower demand for gas-fired power during Europe's economic slump, leading it to close or mothball more than 11,000 megawatts of capacity. Mestrallet has sought to expand in Asia, Latin America and the Middle East to counter the slowdown. Earnings Drop The utility reported today net recurring income fell to 2.125 billion euros from 2.425 billion euros a year earlier. Earnings before interest, taxes, depreciation and amortization declined 14 percent to 6.6 billion euros. The utility beat an estimate compiled by Bloomberg of 2.04 billion euros for net recurring income over the period and just missed the 6.66 billion euro average of eight analysts' estimates for Ebitda. Net debt fell to 26 billion euros, 3.2 billion euros less than at the end of December, according to the statement. The company is aiming to cut debt and lower costs. The outage of the Doel-3 and Tihange-2 nuclear reactors in Belgium that are run by GDF's Electrabel unit is costing about 40 million euros a month in net recurring income, according to the utility. Reactor Uncertainty The future of the reactors has been clouded by uncertainty since cracks were found in their cores in 2012, prompting the Belgian authority to order operations halted until their safety could be assured. Further tests are being performed, Vice-Chairman Jean-Francois Cirelli said on the call. In addition to the closures in Belgium, a tax on atomic energy in that country is "confiscatory" and would be fought by "all legal means" including arbitration, the utility said today. The levy will cost GDF Suez 400 million euros a year, Cirelli said. "We will examine all options concerning the future of our nuclear activities in Belgium," he said. The utility wrote down 14.9 billion euros in asset values and goodwill, it said in February, mostly because of the shutdown of European thermal plants. The shutdowns continued in the first half of the year, Cirelli said today on the call. For the 2014 to 2016 period, GDF Suez plans to invest 6 billion to 8 billion euros a year, compared with 3 billion euros last year, and scale back asset sales to 2 billion to 3 billion euros a year. "There will be no transformative acquisitions because our group does not need it," Mestrallet said. Instead, GDF Suez is studying "interesting" possibilities and will spend about 2 billion to 3 billion euros annually buying "small and medium-sized" assets in the next three years. On the possibility of selling European energy infrastructure, he said GDF Suez has "no intention to do that right now." To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.ne To contact the editors responsible for this story: Will Kennedy at wkennedy3@bloomberg. |
Posted at 17/7/2014 07:53 by waldron GDF Suez faces new Texas market manipulation suit16 Jul 2014, 8.11 pm GMT Washington, 16 July (Argus) - Two trading firms have refiled a suit in federal court that claims GDF Suez has repeatedly withheld its generation capacity in Texas when surplus capacity is limited to drive up power prices and manipulate futures contracts it holds. The refiled complaint provides new specifics about the more than $20mn the two firms, Aspire Commodities and Raiden Commodities, claim to have lost in power trades over the past two years because of the generator's alleged conduct in the Electric Reliability Council of Texas (ERCOT) territory. GDF last month asked the US District Court for the Southern District of Texas to throw out the initial lawsuit, in part because it said Aspire and Raiden had failed to provide details to support their claim for damages. The refiled suit appears to address this by claiming specific damages for each day the alleged conduct occurred, providing examples about why it believes that GDF's alleged re-pricing of its generation as high as $4,999/MWh caused the firms to lose nearly $1mn in futures trading on three days last July. The main claim of the suit is that on days ERCOT had just enough generation to meet demand because of harsh weather or forced outages, GDF would allegedly use its generation to exert market power and cause power prices to spike. This alleged activity caused generation capacity that was otherwise deep "in-the-money" not to run, the suit claims. The suit claims GDF used economic withholding on six days in 2013 when reserve margins were tight and re-priced its generation to as high as $4,999/MWh to take units off the line. It also claims GDF on four days in 2013 and two days this year designated some units not run to create scarcity that could artificially drive up power prices. The firms said the alleged conduct was illegal because GDF would take out futures contracts that offered it profits far in excess of the amount of money it stood to lose by ramping down its otherwise profitable generation capacity. The suit said by allegedly withholding generation, GDF was manipulating the futures markets. GDF declined to comment on the new lawsuit but said it has been "fully transparent and complaint with applicable regulations." The company owns more than 4,000MW of merchant generation at six power plants in the ERCOT territory. Most of the power comes from gas-fired power plants. GDF under the regulations in ERCOT is considered a "small fish" that lacks enough generation capacity to exert market power and thus free to price its power however it likes, a point the company cited in its motion to dismiss the complaint. The grid's threshold for being considered unable to exert market power is 5pc of total generation or lower. The energy trading firms contend that despite its label as a "small fish," GDF has been able to exert market power when there is little surplus capacity. ck/ee Send comments to feedback@argusmedia. |
Posted at 26/5/2014 11:39 by waldron GDF Suez Upgraded to "Overweight" at Morgan Stanley (GDFZY)Posted by Joseph Griffin on May 26th, 2014 GDF Suez (NASDAQ:GDFZY) was upgraded by research analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report released on Thursday. A number of other analysts have also recently weighed in on GDFZY. Analysts at Credit Suisse downgraded shares of GDF Suez from an "outperform" rating to a "neutral" rating in a research note on Friday, April 11th. Analysts at Berenberg Bank upgraded shares of GDF Suez from a "sell" rating to a "buy" rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of "Hold". Shares of GDF Suez (NASDAQ:GDFZY) opened at 27.77 on Thursday. GDF Suez has a 52 week low of $18.92 and a 52 week high of $27.86. The stock has a 50-day moving average of $26.93 and a 200-day moving average of $24.89. The company's market cap is $65.545 billion. |
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