After the recent share swap between Petrobras (NYSE:PBR) and the Brazilian government, Citigroup (NYSE:C) said it likes the assets held by BG (LSE:BG) better than those held by Repsol YPF SA.
Citi analyst Mark Fletcher said, BG is “more sensitive to any positives in the Petrobras valuation.”
The reason is the assets held by Repsol would have to be revalued before an initial public offering were to be worked out.
Fletcher added that BG is trading at a percent fair value while Repsol is “10 percent rich.”
Showing posts with label BG Group. Show all posts
Showing posts with label BG Group. Show all posts
Friday, September 3, 2010
Saturday, April 24, 2010
BG Group (LSE:BG) Battling for Karachaganak Stake
With Kazakhstan desiring to push its way into a stake into the huge Karachaganak oil and gas field in the western part of the country, BG Group (LSE:BG) has been fighting the move, as it would mean they would lose a portion of its stake in the lucrative project.
Also part of the consortium operating the field are Eni SpA (MI:ENI) from Italy, LUKOIL (MM:LKOH) from Russia and Chevron (NYSE:CVX) from the U.S.
The latest pressure from Kazakhstan to force its way into the consortium is to accuse the KPO of transgressing the immigration laws of the country.
Another bizarre strategy was to accuse Karachaganak of producing more oil and gas than under agreement with the government in 2008.
Ongoing talks are reportedly strained, and it's understandable why when you look at what the Kazakhstan government is attempting to do.
Also part of the consortium operating the field are Eni SpA (MI:ENI) from Italy, LUKOIL (MM:LKOH) from Russia and Chevron (NYSE:CVX) from the U.S.
The latest pressure from Kazakhstan to force its way into the consortium is to accuse the KPO of transgressing the immigration laws of the country.
Another bizarre strategy was to accuse Karachaganak of producing more oil and gas than under agreement with the government in 2008.
Ongoing talks are reportedly strained, and it's understandable why when you look at what the Kazakhstan government is attempting to do.
Tuesday, March 23, 2010
BG Group (LSE:BG) $80 Billion Deal with China National Offshore Oil Corp
BG Group in Huge Natural Gas Deal with China
BG Group (LSE:BG) is about to sign a major deal worth from $50 billion to up to $80 billion with China National Offshore Oil Corp for a liquified natural gas agreement.
If prices are close to last years' prices, the deal would be close to the higher end of $80 billion.
This is why Australia and China have been working hard behind the scenes to patch up their relationships, as this follows a deal with PetroChina and Royal Dutch Shell for Arrow Energy, also based in Australia for $3.4 billion. That was for coal-seam gas.
BG Group in Huge Natural Gas Deal with China
BG Group (LSE:BG) is about to sign a major deal worth from $50 billion to up to $80 billion with China National Offshore Oil Corp for a liquified natural gas agreement.
If prices are close to last years' prices, the deal would be close to the higher end of $80 billion.
This is why Australia and China have been working hard behind the scenes to patch up their relationships, as this follows a deal with PetroChina and Royal Dutch Shell for Arrow Energy, also based in Australia for $3.4 billion. That was for coal-seam gas.
BG Group in Huge Natural Gas Deal with China
Friday, March 19, 2010
BG (LON:BG) Behind Exxon Mobil (NYSE:XOM) Rumor?
BG and Exxon Mobil Acquisition Rumors
There always seems to be a new rumor concerning EXxon Mobil (NYSE:XOM) acquiring BG (LON:BG), and as usual, there is a brief upward movement of BG stock before it falls back to earth.
It does make one wonder whether BG is the one that instigates the rumors, as it can generate a lot of free publicity, although if they did, they would have to be careful not to incur the wrath of regulators if it were to be discovered they did.
This is my own rumor of course, as there's nothing to prove BG has been behind some of these rumors over the years.
It does make one wonder if someone with a vested interest somewhere does keep these rumors circulating in order to make some quick money or get free publicity for the company.
There always seems to be a new rumor concerning EXxon Mobil (NYSE:XOM) acquiring BG (LON:BG), and as usual, there is a brief upward movement of BG stock before it falls back to earth.
It does make one wonder whether BG is the one that instigates the rumors, as it can generate a lot of free publicity, although if they did, they would have to be careful not to incur the wrath of regulators if it were to be discovered they did.
This is my own rumor of course, as there's nothing to prove BG has been behind some of these rumors over the years.
It does make one wonder if someone with a vested interest somewhere does keep these rumors circulating in order to make some quick money or get free publicity for the company.
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