BG. Gas prices over 14% up recently with more to come - global LNG expanding and further exploration rights --- about to break out.

http://www.moneyam.com/action/news/showArticle?id=989336

dikytree.

I'm convinced that this will be 15 by mid-summer and this will be a 20 stock at some stage....and how about a takeover target ...with the Brazilian discoveries and if I was one of the really big boys : I would snap this up before we hit the 20 mark !

Went ex-divi recently, so a slight dip was to be expected:
"a final dividend in respect of the year ended 31 December 2007 of 5.76 pence per ordinary share payable on 23 May 2008 to holders of ordinary shares on the register of shareholders of the Company at the close of business on 11 April 2008."
Onwards & upwards hopefully. Am happy to hold for the foreseeable future.

For reference on Substantial shareholdings as per 2007 Report & Accounts

Legal and General Gp and subsidiaries 181,148,616 shs------5.42%

BG. taking a bit of a knock today....hope that the drop will stop soon....if it wasn't for the takeover we would be over 14 !.

Yes, as is usual, the bidder's sp takes a bit of a drop, while the target company's sp takes a nice boost:

"LONDON (Thomson Financial) - Shares in BG Group Plc. fell after it launched a $12 billion all-cash takeover bid for Australia's Origin Energy Ltd., overshadowing the UK natural gas producer's forecast-beating first quarter earnings.

BG offered to pay A$14.70 for each Origin share, 40 percent above the group's Tuesday closing price. It plans to use debt and existing cash to finance the acquisition.

Origin, Australia's second-largest energy retailer, said it has not yet considered the proposal and discussions with BG are to take place shortly.

At 1.25 p.m., BG shares were down over 5 percent at 1,241 pence following the bid, which Dresdner Kleinwort described to be an 'aggressive step up' in BG's Australian ambition.

Given the scale of the offer, investors are waiting for a 'convincing explanation' from BG, the broker said."

Finished up !, (a fraction), great stock this...I'm repeating myself but can see this hitting 15 during the summer and then later 20 when the Brazilian assets are flow tested !

LONDON (Thomson Financial) 13.06.08 - "BG Group Plc said it has found more oil in the deep water Santos Basin in Brazil.

The well, known as Guara, encountered oil within the BM-S-9 concession area, it said.

This followed the first oil strike, called Carioca, at the site announced in September last year. BG holds a 30 percent stake the project, along with operator and 45 percent shareholder Petrobras, the Brazilian state-run oil company. Spain's Repsol holds the remaining 25 percent.

'Together with our partners, we will now continue to advance our evaluation and development programme, targeting initial production from the pre-salt Santos Basin during 2009,' said Frank Chapman, BG chief executive.

Further assessment of the well will be carried out to determine the scale and characteristics of the reservoir. Once this is completed, an evaluation plan will be submitted to Brazil's National Petroleum Agency, BG said."

Another stupendous result from British Gas, my "stock of the year" for me, sp should be over 15 not below 13 !.

BG Group's Chief Executive, Frank Chapman said:
'I am delighted to report that BG Group has delivered another strong business performance and continues to create material value through our exploration programme with successful results in Brazil, Algeria, Norway, Trinidad and Tobago and the UK.'

And yet upon posting of good interim results, the sp drops 6% in a couple of hours!
Another case of buy on rumour, sell on fact?

Impressive results once again....will be 20 one day this stock....buy and tuck away for some time this one !.

yes required field.....main oil producers seem to be getting attacked whether its tullow, pmo etc....all are doing well so suppose market just bashing it as they been doing too well.

probaly after summer, this will all change again and sp will go up for all these companies

LONDON (Thomson Financial) - "Shares in Galp and BG Group are expected to go higher in opening deals after news that a second well has been confirmed in the the Santos Basin next to the much celebrated Tupi well in a block offshore Brazil.

London based traders said BG is expected to go 40 pence higher on the news.

Lisbon brokers said the news is 'obviously very positive' for the pair, which owns a 10 percent and 25 percent stake in the block respectively."

Another fantastic result....(after this I think BG. should move down to the Falklands.....they are on a run here !), I could curse the pullback in the oil price....I must be one of the few that wants it to rise !.

Another discovery....this stock should be way higher !.

It's a huge company with %age stakes in lots of fields, so any discovery is absorbed in to the whole picture, unlike the little AIM explorers who only have a couple of drilling programs at any one time.
Oil price is also weakening a little against a stronger $.
A good stock though, imo, with good income & scope for capital growth. Worth holding on to.

Yes Harrycat....large company....but they keep on making great discoveries....the market at the moment for oil companies is not that good....I have not put a trade through for ages now.....need some profits from existing positions.

BG....recoiled spring possibly ?.

Rumours of an interest from Exxon Mobil.

I'm now in, BG is based only four miles away from where I live and over the last year or so I've had the good fortune to meet many of their staff from all over the world . I've driven some of their top guys around and can also say what a fantastic company this is, they really look after their employees. Investors Chronicle is also a big fan of BG , and the fact that their top execs have been buying shares recently must be a good sign .I'm not really an expert in the oil and gas exploration field but find it a fascinating one !

When was the last time we had BG. down 10% in a day.

Unheard of I'd thought. This is either a bottoming clear-out or the SM is on the point of collapse.

Next few days will tell us.