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.

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

StockMarketWire.com
Deutsche Bank retains buy on BG Group, target cut from 1400p to 1300p.

StockMarketWire.com
BG Group has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group (ASX: APA), Australia's largest gas infrastructure business, for approximately US$5.0bn.

QCLNG Pipeline Pty Ltd owns a 543 kilometre, large-diameter underground pipeline network linking BG Group's natural gas fields in southern Queensland to a two-train liquefied natural gas (LNG) export facility at Gladstone on Australia's east coast.

BG says the sale of this non-core infrastructure is consistent with the group's strategy of actively managing its global asset portfolio. The pipeline was constructed between 2011 and 2014 and has a current book value of US$1.6 billion. Tariffs payable on the pipeline are set to provide a fixed rate of return on the asset base with the primary tariff components escalating annually with US inflation indices. For the year ended 31 December 2016, the pipeline tariff is expected to deliver to APA Group EBITDA of approximately US$390 million.

The sale is conditional on the start of commercial LNG deliveries (post commissioning) from the QCLNG export facility at Gladstone and on partner consent. BG Group and its partners have firm capacity rights in the pipeline for 20 years, with options to extend.

BG Group agrees sale and charter of LNG vessels
BG Group (LSE: BG.L), a world leader in exploration and LNG, has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric ("TFDE") LNG carriers for proceeds of $460 million. BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and eleven years with further options to extend the term for each vessel by either three or five years. The transactions provide BG Group with flexibility in managing its future fleet requirements and, as the ships are currently managed by GasLog, leave day to day operations broadly unchanged.

The LNG carriers are currently associated with a Pension Funding Partnership which is one element of the Group's funding arrangements for the BG Pension Scheme. Consequently the majority of the proceeds from this sale will be utilised to support the funding of that scheme.
The remaining net proceeds from the transaction of around $100m will be used to reduce the Group's net debt.

Closing of the transaction is subject to the satisfaction of certain conditions, including the completion of definitive documentation. The transaction is expected to close in the first quarter of 2015, with the charter agreement expected to commence at the same time.

StockMarketWire.com
BG Group has been loading the first cargo of LNG from its Queensland Curtis LNG (QCLNG) facility since 28 December.

The vessel being loaded is the 'Methane Rita Andrea'. The second cargo of LNG from the facility will be loaded on to the 'Methane Mickie Harper' which is expected in Gladstone in the first week of January.

QCLNG is the world's first LNG project to be supplied by coal seam gas. The start of production from the plant's first LNG train is the result of more than four years of development and construction on Curtis Island.

Interim executive chairman Andrew Gould said: "This is an immense achievement which demonstrates the company's ability to deliver a highly complex LNG project. The start-up of QCLNG is testament to the hard work, skill and dedication of all our employees, partners and customers including the thousands of individuals who have been involved in physically building the plant. The ongoing support from both the State Government of Queensland and the local councils of our upstream region and in Gladstone has also been pivotal in this development. We thank them all."

The project will expand further with the start-up of the second train in the third quarter of 2015. At plateau production, expected during 2016, QCLNG will have an output of around 8 million tonnes of LNG a year.

StockMarketWire.com
BG Group has received a further payment equivalent to US$350m from the Egyptian government following its commitment to repay outstanding debts to the energy industry.

This reduces the company's domestic receivables balance in Egypt to around US$920m.

While the Group has been affected 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.