Obbligazioni societarie Obbligazioni Oil & Gas (1 Viewer)
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Imark
Forumer storico
Gazprom stima nella misura del 40% il calo del valore delle vendite quest'anno rispetto al precedente e valuta un taglio del precedente programma di investimenti nell'ordine del 30% per l'anno in corso...
Associated Press
Gazprom considers 30 pct cut in investment
Associated Press, 06.25.09, 07:18 AM EDT
MOSCOW -- Gazprom, Russia's state-controlled gas monopoly, said Thursday it may cut its investment program by 30 percent this year due to weaker finances amid the global economic downturn.
The Gazprom deputy chief for finances, Andrei Kruglov, told a news conference that "the current difficult situation will call for a change of plans." He insisted, however, that Gazprom has enough cash and credit facilities to maintain a high level of liquidity
The board of directors will consider a new budget in September, Kruglov said.
The company's board earlier approved a 920 billion ruble ($29.4 billion) investment program for 2009.
Gazprom Deputy CEO Alexander Medvedev said Wednesday that the company expects sales to drop by about 40 percent this year despite increased consumption in Europe in recent months.
Gazprom is Russia's largest company and the world's biggest gas producer. It has been hit hard by plunging commodity prices and flagging demand
Associated Press
Gazprom considers 30 pct cut in investment
Associated Press, 06.25.09, 07:18 AM EDT
MOSCOW -- Gazprom, Russia's state-controlled gas monopoly, said Thursday it may cut its investment program by 30 percent this year due to weaker finances amid the global economic downturn.
The Gazprom deputy chief for finances, Andrei Kruglov, told a news conference that "the current difficult situation will call for a change of plans." He insisted, however, that Gazprom has enough cash and credit facilities to maintain a high level of liquidity
The board of directors will consider a new budget in September, Kruglov said.
The company's board earlier approved a 920 billion ruble ($29.4 billion) investment program for 2009.
Gazprom Deputy CEO Alexander Medvedev said Wednesday that the company expects sales to drop by about 40 percent this year despite increased consumption in Europe in recent months.
Gazprom is Russia's largest company and the world's biggest gas producer. It has been hit hard by plunging commodity prices and flagging demand
samantaao
Forumer storico
1
quotazioni pressochè stabili. Comunque anche qui, come in tutto il mercato gli emittenti meno solidi soffrono. Oltre a Chesapeake anche Gaz ha accusato credo per le notizie riportate da Mark.
mercati di alcuni prezzi (grazie a Mark):
ICMA CHESAPEAKE 2017
ICMA ENI 2010
ICMA ENI 2013
ICMA MOL 2015
ICMA PEMEX 2016
ICMA REPSOL 2013
ICMA REPSOL 2017
ICMA REPSOL 2010
ICMA STATOIL 2011
ICMA TOTAL 2011
ICMA TOTAL 2017
ICMA TOTAL 10/2010
quotazioni pressochè stabili. Comunque anche qui, come in tutto il mercato gli emittenti meno solidi soffrono. Oltre a Chesapeake anche Gaz ha accusato credo per le notizie riportate da Mark.
mercati di alcuni prezzi (grazie a Mark):
ICMA CHESAPEAKE 2017
ICMA ENI 2010
ICMA ENI 2013
ICMA MOL 2015
ICMA PEMEX 2016
ICMA REPSOL 2013
ICMA REPSOL 2017
ICMA REPSOL 2010
ICMA STATOIL 2011
ICMA TOTAL 2011
ICMA TOTAL 2017
ICMA TOTAL 10/2010
Imark
Forumer storico
quotazioni pressochè stabili. Comunque anche qui, come in tutto il mercato gli emittenti meno solidi soffrono. Oltre a Chesapeake anche Gaz ha accusato credo per le notizie riportate da Mark.
mercati di alcuni prezzi (grazie a Mark):
ICMA CHESAPEAKE 2017
ICMA ENI 2010
ICMA ENI 2013
ICMA MOL 2015
ICMA PEMEX 2016
ICMA REPSOL 2013
ICMA REPSOL 2017
ICMA REPSOL 2010
ICMA STATOIL 2011
ICMA TOTAL 2011
ICMA TOTAL 2017
ICMA TOTAL 10/2010
Ti dirò, mi stupisce la tenuta di Pemex...
Imark
Forumer storico
Outlook compartimentale globale pesantemente negativo per Moody's: le scorte resteranno alte per oil & gas anche nel 2010, i prezzi caleranno e con essi i margini ed il cashflow delle aziende del settore...
[FONT=verdana,arial,helvetica]Moody's: Outlook Negative for Global Integrated Oil[/FONT]
[FONT=verdana,arial,helvetica]New York, July 02, 2009 -- Moody's outlook for the global integrated oil industry is negative as the economic recovery in 2010 is expected to be slow and painful, crimping worldwide demand for oil and natural gas at a time when inventories are near record highs. [/FONT]
[FONT=verdana,arial,helvetica]Overall, gross cash flow for the integrated oil companies will fall about 40% to $180 billion in 2009 and will remain at lower levels in 2010, amid declining prices for crude oil and natural gas, said Moody's. [/FONT]
[FONT=verdana,arial,helvetica]"The negative outlook reflects our view that prices for crude oil and natural gas could turn lower, squeezing margins and causing cash flow for integrated oil companies to fall by more than a third in the year ahead," said Moody's Senior Vice President Thomas Coleman. [/FONT]
[FONT=verdana,arial,helvetica]In the short-term, the global economic malaise is expected to have a negative effect on energy prices, as well as on the reduced cash-flow profiles of the major integrated oil companies. Longer term, the industry will likely continue to struggle with reserve replacement, production growth and political risks, said Moody's. [/FONT]
[FONT=verdana,arial,helvetica]However, although cash flows will be pressured and financial leverage is likely to increase in 2009, the ratings agency does not see a threat to the superior capital resources and strong credit profiles of the major integrated companies. [/FONT]
[FONT=verdana,arial,helvetica]"In addition, inflated costs are beginning to decline, providing some relief to cost structures and operating margins of the integrated oil companies," said Moody's VP-Sr Credit Officer Francois Lauras. [/FONT]
[FONT=verdana,arial,helvetica]Despite the downturn in demand and pricing, capital spending will hold relatively steady due to large multiyear developments and higher embedded costs, added the analyst. As a lower-price outlook takes hold, the large free cash flow of recent years will decline and turn negative for most companies. Higher-cost and early-stage investments could be delayed, and some projects may be deferred as the industry waits for costs to come down. [/FONT]
[FONT=verdana,arial,helvetica]The full report titled, "Global Integrated Oil," is available at www.moodys.com[/FONT]
[FONT=verdana,arial,helvetica]Moody's: Outlook Negative for Global Integrated Oil[/FONT]
[FONT=verdana,arial,helvetica]New York, July 02, 2009 -- Moody's outlook for the global integrated oil industry is negative as the economic recovery in 2010 is expected to be slow and painful, crimping worldwide demand for oil and natural gas at a time when inventories are near record highs. [/FONT]
[FONT=verdana,arial,helvetica]Overall, gross cash flow for the integrated oil companies will fall about 40% to $180 billion in 2009 and will remain at lower levels in 2010, amid declining prices for crude oil and natural gas, said Moody's. [/FONT]
[FONT=verdana,arial,helvetica]"The negative outlook reflects our view that prices for crude oil and natural gas could turn lower, squeezing margins and causing cash flow for integrated oil companies to fall by more than a third in the year ahead," said Moody's Senior Vice President Thomas Coleman. [/FONT]
[FONT=verdana,arial,helvetica]In the short-term, the global economic malaise is expected to have a negative effect on energy prices, as well as on the reduced cash-flow profiles of the major integrated oil companies. Longer term, the industry will likely continue to struggle with reserve replacement, production growth and political risks, said Moody's. [/FONT]
[FONT=verdana,arial,helvetica]However, although cash flows will be pressured and financial leverage is likely to increase in 2009, the ratings agency does not see a threat to the superior capital resources and strong credit profiles of the major integrated companies. [/FONT]
[FONT=verdana,arial,helvetica]"In addition, inflated costs are beginning to decline, providing some relief to cost structures and operating margins of the integrated oil companies," said Moody's VP-Sr Credit Officer Francois Lauras. [/FONT]
[FONT=verdana,arial,helvetica]Despite the downturn in demand and pricing, capital spending will hold relatively steady due to large multiyear developments and higher embedded costs, added the analyst. As a lower-price outlook takes hold, the large free cash flow of recent years will decline and turn negative for most companies. Higher-cost and early-stage investments could be delayed, and some projects may be deferred as the industry waits for costs to come down. [/FONT]
[FONT=verdana,arial,helvetica]The full report titled, "Global Integrated Oil," is available at www.moodys.com[/FONT]
Imark
Forumer storico
La situazione della liquidità di breve periodo di gazprom nell'analisi di Fitch: abbastanza uona, in quanto, se è vero che le scadenze ravvicinate sono corpose, la liquidità disponibile è anch'essa piuttosto consistente, ed inoltre gazprom ha collocato di recente un bond per 2,25 mld $ i cui proventi sono destinati a rifinanziare il debito in scadenza, dispone di 1,6 mld $ di linee di credito disponibili presso banche russe e si suppone che - in virtù del suo controllo da parte dello Stato, abbia ulteriore accesso al sistema bancario russo in caso di necessità.
Fitch Rates Gazprom Short-term IDR 'F3'
30 Jun 2009 4:23 AM (EDT)
Fitch Ratings-London/Moscow-30 June 2009: Fitch Ratings has today assigned OAO Gazprom (Gazprom) a Short-term foreign currency Issuer Default rating (IDR) of 'F3'. Gazprom is rated Long-term foreign and local currency IDR 'BBB' and senior unsecured 'BBB'.
Gaz Capital S.A.'s debt issuance programme is rated 'BBB'. The Outlooks on Long-term foreign and local currency IDRs are Negative.
Fitch considers Gazprom's liquidity position to be adequate with FYE08 cash of RUB371bn (USD12.5bn) sufficient to cover most of its FYE08 short-term debt of RUB440.7bn (USD15bn). In addition, the company's undrawn committed credit lines arranged with Russian banks amount to about RUB50bn (USD1.6bn) with maturity in 2012.
In April 2009, Gazprom also successfully placed USD2.25bn 9.25% loan participation notes due in 2019, the proceeds from which will be used for refinancing purposes. Fitch believes that the group's financial flexibility is also underpinned by its easy access to funding from Russian state-related banks; loans from state banks helped finance the recent exercise of an option to purchase a 20% stake in JSC Gazpromneft for USD4.1bn
Gazprom is the world's largest gas producer and Russia's largest oil and gas company. It is 50.002%-owned by the state. The Russian Federation is rated Long-term foreign and local currency IDR 'BBB' and Short-term IDR 'F3'. The Outlooks on Long-term foreign and local currency IDRs are Negative
Fitch Rates Gazprom Short-term IDR 'F3'
30 Jun 2009 4:23 AM (EDT)
Fitch Ratings-London/Moscow-30 June 2009: Fitch Ratings has today assigned OAO Gazprom (Gazprom) a Short-term foreign currency Issuer Default rating (IDR) of 'F3'. Gazprom is rated Long-term foreign and local currency IDR 'BBB' and senior unsecured 'BBB'.
Gaz Capital S.A.'s debt issuance programme is rated 'BBB'. The Outlooks on Long-term foreign and local currency IDRs are Negative.
Fitch considers Gazprom's liquidity position to be adequate with FYE08 cash of RUB371bn (USD12.5bn) sufficient to cover most of its FYE08 short-term debt of RUB440.7bn (USD15bn). In addition, the company's undrawn committed credit lines arranged with Russian banks amount to about RUB50bn (USD1.6bn) with maturity in 2012.
In April 2009, Gazprom also successfully placed USD2.25bn 9.25% loan participation notes due in 2019, the proceeds from which will be used for refinancing purposes. Fitch believes that the group's financial flexibility is also underpinned by its easy access to funding from Russian state-related banks; loans from state banks helped finance the recent exercise of an option to purchase a 20% stake in JSC Gazpromneft for USD4.1bn
Gazprom is the world's largest gas producer and Russia's largest oil and gas company. It is 50.002%-owned by the state. The Russian Federation is rated Long-term foreign and local currency IDR 'BBB' and Short-term IDR 'F3'. The Outlooks on Long-term foreign and local currency IDRs are Negative
Imark
Forumer storico
Repsol valuta la dismissione di alcuni asset, fra i quali la controllata argentina YPF.
Per il 75% di YPF la cinese CNPC, la prima società del paese per giro di affari, avrebbe offerto fra i 13,2 ed i 14,5 mld $. Apparentemente, secondo quanto riferito da Repsol, sarebbero interessate a YPF altre società cinesi, russe ed indiane.
CNPC to bid up to $14.5 bn for Repsol YPF stake -report
Mon Jul 6, 2009 11:03pm EDT
HONG KONG, July 7 (Reuters) - China National Petroleum Corp. (CNPC), the country's largest oil company, has offered to pay between $13.2 billion and $14.5 billion for a 75 percent stake in Spanish oil major Repsol's (REP.MC) Argentine unit YPF, the South China Morning Post reported on Tuesday, citing sources.
Executives from CNPC, the parent firm of top Asian oil and gas producer PetroChina (0857.HK) (PTR.N) (601857.SS), and Repsol have begun talks over the offer and the initial reaction from Repsol's board members has been receptive, the newspaper said.
But Liu Weijiang, a CNPC official in charge of responding to foreign media inquiries, told Reuters that he did not have any information on the deal.
The bid is lower than the $17 billion offer that CNPC was prepared to make, reported by the paper last week.
Repsol had said it received several offers for a stake in YPF. China's top offshore oil and gas producer CNOOC (0883.HK) (CEO.N), India's Oil and Natural Gas Corporation (ONGC.BO) and Russian companies are also eyeing stakes in the firm. (Reporting by Sui-Lee Wee and Jim Bai in BEIJING, Editing by Jonathan Hopfner)
Per il 75% di YPF la cinese CNPC, la prima società del paese per giro di affari, avrebbe offerto fra i 13,2 ed i 14,5 mld $. Apparentemente, secondo quanto riferito da Repsol, sarebbero interessate a YPF altre società cinesi, russe ed indiane.
CNPC to bid up to $14.5 bn for Repsol YPF stake -report
Mon Jul 6, 2009 11:03pm EDT
HONG KONG, July 7 (Reuters) - China National Petroleum Corp. (CNPC), the country's largest oil company, has offered to pay between $13.2 billion and $14.5 billion for a 75 percent stake in Spanish oil major Repsol's (REP.MC) Argentine unit YPF, the South China Morning Post reported on Tuesday, citing sources.
Executives from CNPC, the parent firm of top Asian oil and gas producer PetroChina (0857.HK) (PTR.N) (601857.SS), and Repsol have begun talks over the offer and the initial reaction from Repsol's board members has been receptive, the newspaper said.
But Liu Weijiang, a CNPC official in charge of responding to foreign media inquiries, told Reuters that he did not have any information on the deal.
The bid is lower than the $17 billion offer that CNPC was prepared to make, reported by the paper last week.
Repsol had said it received several offers for a stake in YPF. China's top offshore oil and gas producer CNOOC (0883.HK) (CEO.N), India's Oil and Natural Gas Corporation (ONGC.BO) and Russian companies are also eyeing stakes in the firm. (Reporting by Sui-Lee Wee and Jim Bai in BEIJING, Editing by Jonathan Hopfner)