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.

Goldman Sachs Conviction Buy 1,078.00 1,082.00 - 1,580.00 Reiterates

Barclays Capital Equal weight 1,078.00 1,082.00 - 1,370.00 Reiterates

HSBC Overweight 1,079.50 1,082.00 1,425.00 1,325.00 Reiterates

Can't make up my mind whether to buy any at this level. Historically the sp seems to regularly fall off a cliff and then slowly build back up again. Shame the divi yield isn't that great.

I've had a dabble @1075 £10 has been support on several occasions.

Investec Sell 1,079.75 1,082.00 1,100.00 1,000.00 Retains

Societe Generale Hold 1,079.75 1,082.00 1,400.00 1,200.00 Retains

BG Group seems to have got it wrong in Egypt and the US, yet it is hard to lay responsibility for the write-downs in either region at the company's door. The group's fortunes will be decided not in either of those two jurisdictions but in Australia and Brazil. By Credit Suisse's - no cheerleader for the stock - calculations, production from the outfit will rise to just under 1.2m barrels of oil equivalent by 2020, from just over 600,000 at present. Rose tinted glasses aside, that is all very well and good but after Monday's warning the stock will be left trading at a forward price-to-earnings multiple of approximately of 15, versus roughly 10 times earnings over at Shell and BP. And on what basis? The company's own production targets? This is an outfit which has cut its own estimates on four occasions throughout the last 18 months, Deutsche bank reminds us. That multiple prices in a lot of confidence that the company can deliver, says the Financial Times' Lex column.

Reaching support level. Am thinking about investing sub £10.

Harry yes £8 would suit us.

Hmmmmmm....£8 might be a bit optomistic.

Added a few today @1,019.

Final results

Full Year Key Points
· Business Performance total operating profit down 5% at $7.6 billion
· Upstream total operating profit down 9%; LNG Shipping & Marketing (S&M) up 3%
· Delivered all 10 key milestones in 2013; continued to make progress in Brazil and Australia
· Business Performance EPS flat at 128.6 cents; total results EPS down 33% at 64.8 cents
· Total results included non-cash post-tax impairments in Egypt and US totalling $2.4 billion
· Issued Force Majeure notices in respect of LNG agreements in Egypt
· Full year dividend increased by 10% to 28.75 cents per share (18.02 pence per share)

· 2014 production outlook of 590 - 630 kboed; 2014 profit outlook for LNG S&M at $2.1 - $2.4 billion
· 2014 unit operating costs range $15.50 - 16.25 / boe; Unit DD&A costs range $12.25 - 13.00 / boe
· 2015 production outlook of 710 - 750 kboed: expect to be free cash flow positive in 2015

Ex-divi wed 23rd Apr (9.51p)

1st Quarter results

First Quarter Key Points

· Business Performance EPS down 3% to 33.8 cents; Total EPS down 9% to 32.4 cents

· Net cash flow from operating activities up 6% to $2.4 billion

· E&P production volumes down 4% at 633 kboed

· LNG segment total operating profit down 7%; no BG Group cargoes from Egyptian LNG

· Egyptian domestic offtake exceeded contractual commitments; deteriorating reservoir performance

· Good progress in Australia and Brazil with key milestones delivered

· Group's exposure to commodity prices and foreign exchange rates 50 - 70% hedged in 2014

about 8.5m traded today which i think may be much heavier than the norm
sp has been very buoyant which is greatly against the trend
a serious nibbler at work perhaps?

2+2 = 5

keep an eye on this one ...... sp was down fairly sharply this morning but has now recovered well, and the following just may have some credibility ....

BG has become the perfect target for a takeover attempt. Indeed, the company appears to have lost its way recently and is currently without a CEO. Former CEO Chris Finlayson was ousted by shareholders earlier this year, after only 16 months on the job.
What's more, some of the company's major projects are delayed and running over budget. Then there is Egypt, where the company has issued a Force Majeure. Egypt accounts for about 18% of BG's production and much of this gas is now being diverted away from export terminals, to the domestic market. This has hit the company's income from the region.
Nevertheless, BG does have some attractive assets. For example, the company is still producing around 600,000 barrels of oil equivalent per day and is the world's most active LNG trader.

Blimey - who is it this time - just about everyone has been in the frame over the years, including :-

RDSB,Exxon Mobil,China National Petroleum Corp and Sinopec.

.

The initial fall was probably due to :

Nomura Neutral 1,251.75 1,350.00 1,350.00 Downgrades

Ooops.

Half Yearly Report

Second Quarter Key Points

· Business Performance EPS up 22% to 35.5 cents; Total EPS up 64% to 40.1 cents

· Interim dividend increased 10% to 14.38 cents per share (8.47 pence per share)

· E&P production down 10% at 591 kboed; primarily declines in Egypt and the USA

· LNG segment operating profit up 44%; additional cargo deliveries and favourable realised prices

· Excellent flow rates in Brazil; FPSO 2 at plateau; gross production around 300 kboed in July

· QCLNG remains on track; commissioning of the gas turbine generators underway

· CATS infrastructure asset sale for up to $961 million completed in July

StockMarketWire.com
BG Group has received a $350 million payment from the Egyptian government following its commitment to repay outstanding debts to the energy industry. BG says reduces the company's domestic receivables balance in Egypt to around $1.2bn.

The payment is the result of the government of Egypt raising funds specifically to help repay debts to the oil and gas sector.

While the group has been impacted by the reduction of LNG exports from Egypt, the company continues to investigate options for increasing the supply of gas and is working with the government on resolving the outstanding receivable balance.

3rd Quarter Results

Third Quarter Highlights

· Appointment of Helge Lund as Chief Executive

· E&P production down 2% at 569 kboed; decline in Egypt, partially offset by higher production in Brazil; no change to 2014 production guidance

· Upstream total operating profit at $746 million, down 36%; increased proportion of higher margin oil, more than offset by lower realised prices and higher costs

· LNG total operating profit at $576 million, down 4%; no change to 2014 LNG guidance

· Business Performance EPS down 29% to 22.3 cents; Total EPS up 22% to 44.3 cents

· Excellent flow rates in Brazil; BG Group net production exceeded 100 kboed in October

· QCLNG remains on track for first LNG in December; commenced mechanical testing of compressors

· $350 million equivalent received from Egyptian government in October; receivables down to $1.2 billion