Obbligazioni societarie Obbligazioni Oil & Gas (2 lettori)
- Creatore Discussione Hopa
- Data di Inizio
samantaao
Forumer storico
Carlo, quali hai tolto alla fine ?
Ti ho scaricato i prezzi da OnVista, ma la druckversion non mi torna più con lo schema excel... se mi dici quali hai eliminato, ti faccio la verifica manuale sui prezzi illiquidi, more solito...
Peraltro, si poterebbe pensare ad inserire qualche nuovo bond di emittenti già in lista, il che potrebbe tornare utile per la curva dei rendimenti...
ahh mi sono accorto solo adesso del messaggio, non avendo visto mail pensavo saltassimo e non ti ho voluto disturbare, appena posso faccio il lavoro e ti aggiorno
perdonate...
Imark
Forumer storico
Quando vuoi: io pensavo invece che tu non avessi avuto tempo, e non ho voluto insistere...
samantaao
Forumer storico
Carlo, quali hai tolto alla fine ?
Ti ho scaricato i prezzi da OnVista, ma la druckversion non mi torna più con lo schema excel... se mi dici quali hai eliminato, ti faccio la verifica manuale sui prezzi illiquidi, more solito...
Peraltro, si poterebbe pensare ad inserire qualche nuovo bond di emittenti già in lista, il che potrebbe tornare utile per la curva dei rendimenti...
io eliminerei questi
per inserire nuovi titoli no problem
è sufficiente che per ogn titolo si abbiano le info da inserire nelle celle gialle... poi ci penso io
Allegati
Imark
Forumer storico
io eliminerei questi
per inserire nuovi titoli no problem
è sufficiente che per ogn titolo si abbiano le info da inserire nelle celle gialle... poi ci penso io
Allora, sulla eliminazione, sono d'accordo su questi... ti fornisco i dati oggi i dati sui nuovi inserimenti, anche se per lo più si tratta di bond recenti, con il problema che raramente si riesce a comprarli, ma intanto - se sei d'accordo - cominciamo a tenerli d'occhio...
Imark
Forumer storico
io eliminerei questi
per inserire nuovi titoli no problem
è sufficiente che per ogn titolo si abbiano le info da inserire nelle celle gialle... poi ci penso io
Le nuove:
ENI 4% (ISIN: IT0004503717; data emissione 29/06/2009; data scadenza 29/06/2015; cedola: annuale; prezzo emissione: 99,90; prezzo scadenza: 100; taglio minimo: 1000; mercato quotazione: MOT)
Statoil 5.625% (ISIN: XS0416848520; data emissione 11/03/2009; data scadenza 11/03/2021; cedola: annuale; prezzo emissione: 99,02; prezzo scadenza: 100; taglio minimo: 50.000; mercato quotazione: mercati tedeschi)
Repsol 6.5% (ISIN: XS0419352199; data emissione 27/03/2009; data scadenza 27/03/2014; cedola: annuale; prezzo emissione: 99,93; prezzo scadenza: 100; taglio minimo: 50.000; mercato quotazione: mercati tedeschi)
Gaz Capital 5.875% (ISIN: XS0220790934; data emissione 01/06/2005; data scadenza 01/06/2015; cedola: annuale; prezzo emissione: 100; prezzo scadenza: 100; taglio minimo: 50.000; mercato quotazione: mercati tedeschi)
Gaz Capital 8.125% (ISIN: XS0442330295; data emissione 31/07/2009; data scadenza 04/02/2015; cedola: annuale; prezzo emissione: 100; prezzo scadenza: 100; taglio minimo: 50.000; mercato quotazione: mercati tedeschi)
Total Capital 4.875% (ISIN: XS0410303647; data emissione 28/01/2009; data scadenza 28/01/2019; cedola: annuale; prezzo emissione: 99,27; prezzo scadenza: 100; taglio minimo: 1000; mercato quotazione: mercati tedeschi)
samantaao
Forumer storico
Capirex85
Value investor
Shell, come le altre altre big europee del petrolio che hanno pubblicato i dati del 2° trimestre, accusa un forte calo della profittabilità nel 2° trimestre a causa de calo del prezzo degli idrocarburi e della contrazione della domanda, per affrontare il difficile momento è impegnata in iniziative di taglio di costi, taglio delle capex e razionalizzazione della struttura organizzativa.
Shell Cuts Capital Spending, Jobs as Profit Falls 67% (Update3)
By Fred Pals
July 30 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, plans to reduce capital spending by about 10 percent next year and make further “substantial” job cuts, saying the economy won’t recover any time soon.
The budget to buy and maintain assets will drop to about $28 billion in 2010 from as much as $32 billion this year, The Hague-based Shell said today in a statement after posting a 67 drop in quarterly earnings. The company, which has cut senior management positions by 20 percent, said more staff reductions are “likely.”
The recession forced oil producers to delay projects and merge units, protecting dividends in anticipation of higher prices in the years ahead. BP Plc this week also warned of a prolonged economic slowdown, after its second-quarter earnings were dragged down by a 52 percent slump in U.S. crude prices.
“We are stripping away layers and overlaps to add more value and that means fewer people,” Shell Chief Executive Officer Peter Voser said today on a conference call. “The company is in a very competitive position and needs to sharpen focus” as the slowing economy puts “earnings under pressure.”
Net capital investment for the second quarter was $7.8 billion, according to the statement. Shell paid out $2.9 billion in dividends in the period and announced a quarterly dividend of 42 cents a share, a gain of 5 percent from a year earlier. The company doesn’t rule out freezing the payout at that level, Chief Financial Officer Simon Henry said on the call.
Staff Cuts
Shell’s workforce shrank to 102,000 last year from 119,000 in 2003, according to data compiled by Bloomberg. Former CEO Jeroen van der Veer said in May that the company may be forced to cut jobs further in the event of a severe economic slowdown.
Voser, who took over from Van der Veer this month, has said Shell has become “too complex,” pledging to streamline operations by consolidating three units into two, focused on the Americas and the rest of the world. Shell is tapping so-called unconventional hydrocarbon deposits in Qatar and Russia to revive production growth after output dwindled for six years.
“This is necessary as they need to transform and become more efficient,” said Jason Kenney, an Edinburgh-based analyst at ING Wholesale Banking with a “hold” rating on the stock. “It will take at least a year before we start to see the benefits” of the restructuring, while the spending cuts may lead to the “same or slightly less activity” next year as this year, Kenney said today by telephone.
BP, Repsol
BP, Europe’s second-largest oil company, expects the economic recovery to be “long and drawn out,” CEO Tony Hayward said July 28 after posting a 53 percent slump in profit. Repsol YPF SA, Spain’s biggest oil producer, reported a 62 percent decline in earnings today as oil and gas prices retreated.
Shell’s net income dropped to $3.8 billion from $11.6 billion a year earlier, the company said in the statement. Earnings excluding gains and losses from holding inventories and one-time items were $3.15 billion, beating the $2.43 billion median estimate of 17 analysts surveyed by Bloomberg News.
“Conditions are likely to remain challenging for some time and we are not banking on a quick recovery,” Voser said in the statement. “Shell is adapting to this new situation and we must do more.”
Shares Drop
Shell lost as much as 0.8 percent to 1,576 pence in London trading, and was at 1,582 pence as of 10:22 a.m. local time. The stock is down 12 percent this year, compared with a 3.8 percent decline for BP. Exxon Mobil Corp., the largest U.S. oil company, may post adjusted earnings per share of 98 cents when it reports today, according to the average of 16 estimates.
Shell’s quarterly crude and gas output fell 5.3 percent to 2.960 million barrels of oil equivalent a day on weaker demand for fuel and production disruptions in Nigeria, the company said in the statement. It previously said output may fall in 2009 for the seventh consecutive year, and forecast annual growth of 2 to 3 percent starting next year.
Shell is entering a “very uncertain period” in Nigeria, Voser said on the call. Militant attacks in the country have forced the company to shut plants, cutting onshore production to 140,000 barrels of oil equivalent a day in June. In 2004-2005, Shell pumped as much as 1 million barrels a day from the West African nation, along with partners.
More Cuts
Shell may implement further capital spending cuts next year if necessary and will seek better savings from suppliers, Voser said. The company is examining plans to sell 330,000 barrels a day of refining capacity, including plants in New Zealand, Canada and Germany, he said. It’s “more difficult” to get returns from downstream operations, he added.
Sales volumes of liquefied natural gas fell 6 percent from a year earlier to 2.89 million tons, mainly because of supply disruptions in Nigeria and reduced demand in the Asia Pacific region, Shell said. Excluding the impact of Nigerian cuts, LNG sales volumes would be 7 percent higher than the year-earlier quarter, it said in the statement.
Global oil demand will fall by 2 million barrels a day this year, the most since 1980, Voser said. European gas consumption will drop by 5 percent, he said, adding that the world’s energy supplies are “ample.”
Shell last month pledged to increase overall output through 2020 from existing reserves by starting new projects that can produce more than 1 million barrels a day.
In July, Shell started production at its Brazilian BC-10 deposit, which will have capacity of 100,000 barrels of oil equivalent a day. Oil and gas explorers are moving into harder- to-reach areas as fields in regions such as the North Sea and Siberia decline.
Shell Cuts Capital Spending, Jobs as Profit Falls 67% (Update3)
By Fred Pals
July 30 (Bloomberg) -- Royal Dutch Shell Plc, Europe’s largest oil company, plans to reduce capital spending by about 10 percent next year and make further “substantial” job cuts, saying the economy won’t recover any time soon.
The budget to buy and maintain assets will drop to about $28 billion in 2010 from as much as $32 billion this year, The Hague-based Shell said today in a statement after posting a 67 drop in quarterly earnings. The company, which has cut senior management positions by 20 percent, said more staff reductions are “likely.”
The recession forced oil producers to delay projects and merge units, protecting dividends in anticipation of higher prices in the years ahead. BP Plc this week also warned of a prolonged economic slowdown, after its second-quarter earnings were dragged down by a 52 percent slump in U.S. crude prices.
“We are stripping away layers and overlaps to add more value and that means fewer people,” Shell Chief Executive Officer Peter Voser said today on a conference call. “The company is in a very competitive position and needs to sharpen focus” as the slowing economy puts “earnings under pressure.”
Net capital investment for the second quarter was $7.8 billion, according to the statement. Shell paid out $2.9 billion in dividends in the period and announced a quarterly dividend of 42 cents a share, a gain of 5 percent from a year earlier. The company doesn’t rule out freezing the payout at that level, Chief Financial Officer Simon Henry said on the call.
Staff Cuts
Shell’s workforce shrank to 102,000 last year from 119,000 in 2003, according to data compiled by Bloomberg. Former CEO Jeroen van der Veer said in May that the company may be forced to cut jobs further in the event of a severe economic slowdown.
Voser, who took over from Van der Veer this month, has said Shell has become “too complex,” pledging to streamline operations by consolidating three units into two, focused on the Americas and the rest of the world. Shell is tapping so-called unconventional hydrocarbon deposits in Qatar and Russia to revive production growth after output dwindled for six years.
“This is necessary as they need to transform and become more efficient,” said Jason Kenney, an Edinburgh-based analyst at ING Wholesale Banking with a “hold” rating on the stock. “It will take at least a year before we start to see the benefits” of the restructuring, while the spending cuts may lead to the “same or slightly less activity” next year as this year, Kenney said today by telephone.
BP, Repsol
BP, Europe’s second-largest oil company, expects the economic recovery to be “long and drawn out,” CEO Tony Hayward said July 28 after posting a 53 percent slump in profit. Repsol YPF SA, Spain’s biggest oil producer, reported a 62 percent decline in earnings today as oil and gas prices retreated.
Shell’s net income dropped to $3.8 billion from $11.6 billion a year earlier, the company said in the statement. Earnings excluding gains and losses from holding inventories and one-time items were $3.15 billion, beating the $2.43 billion median estimate of 17 analysts surveyed by Bloomberg News.
“Conditions are likely to remain challenging for some time and we are not banking on a quick recovery,” Voser said in the statement. “Shell is adapting to this new situation and we must do more.”
Shares Drop
Shell lost as much as 0.8 percent to 1,576 pence in London trading, and was at 1,582 pence as of 10:22 a.m. local time. The stock is down 12 percent this year, compared with a 3.8 percent decline for BP. Exxon Mobil Corp., the largest U.S. oil company, may post adjusted earnings per share of 98 cents when it reports today, according to the average of 16 estimates.
Shell’s quarterly crude and gas output fell 5.3 percent to 2.960 million barrels of oil equivalent a day on weaker demand for fuel and production disruptions in Nigeria, the company said in the statement. It previously said output may fall in 2009 for the seventh consecutive year, and forecast annual growth of 2 to 3 percent starting next year.
Shell is entering a “very uncertain period” in Nigeria, Voser said on the call. Militant attacks in the country have forced the company to shut plants, cutting onshore production to 140,000 barrels of oil equivalent a day in June. In 2004-2005, Shell pumped as much as 1 million barrels a day from the West African nation, along with partners.
More Cuts
Shell may implement further capital spending cuts next year if necessary and will seek better savings from suppliers, Voser said. The company is examining plans to sell 330,000 barrels a day of refining capacity, including plants in New Zealand, Canada and Germany, he said. It’s “more difficult” to get returns from downstream operations, he added.
Sales volumes of liquefied natural gas fell 6 percent from a year earlier to 2.89 million tons, mainly because of supply disruptions in Nigeria and reduced demand in the Asia Pacific region, Shell said. Excluding the impact of Nigerian cuts, LNG sales volumes would be 7 percent higher than the year-earlier quarter, it said in the statement.
Global oil demand will fall by 2 million barrels a day this year, the most since 1980, Voser said. European gas consumption will drop by 5 percent, he said, adding that the world’s energy supplies are “ample.”
Shell last month pledged to increase overall output through 2020 from existing reserves by starting new projects that can produce more than 1 million barrels a day.
In July, Shell started production at its Brazilian BC-10 deposit, which will have capacity of 100,000 barrels of oil equivalent a day. Oil and gas explorers are moving into harder- to-reach areas as fields in regions such as the North Sea and Siberia decline.
Imark
Forumer storico
Repsol. La lascio qui, non ho tempo per commentarla...
(Adds executive comment.)
By Bernd Radowitz
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--Spanish oil firm Repsol YPF SA (REP) Thursday said its second-quarter adjusted profit plunged 62% because of dramatically lower refining margins and oil prices.
The second-quarter adjusted profit figure, or clean replacement cost of supplies, which excludes inventory effects, fell to EUR265 million in the second quarter, from EUR694 million a year earlier.
The replacement cost adjusted profit is the figure most closely watched by analysts because it excludes often-volatile inventory effects. A Dow Jones Newswires poll of five analysts had forecast an average of EUR228 million for the adjusted figure.
Refining margins in Repsol's core Spanish market fell 94% to $0.5 per barrel in the second quarter from a year earlier, due to a reduction in spreads for diesel, and a recent tightening of the gap in prices paid for light and heavy crude.
Repsol usually has a competitive advantage in its upstream unit as its refineries are equipped to process mostly heavy crude that before was much cheaper on international oil markets than easier-to-process light oil.
The company's current refining margins "are not sustainable at all," Repsol Chief Operating Officer Miguel Martinez told a conference call later Thursday. But he added that refining margins are expected to improve later this year, as the coming winter in Spain will likely drive up demand for diesel, which Repsol hopes will improve refining margins.
Martinez also said he eventually expects the spread between the price of light and heavy crude to widen again, but not too quickly.
The executive didn't rule out new temporary refinery shutdowns in Spain to help margins. Repsol from April to July had mothballed its 100,000-barrels-a-day throughput Cartagena refinery.
Earnings in the upstream unit, meanwhile, plunged as prices for Brent crude fell 51% to $59.1 on average in the second quarter.
Repsol's average overall oil and gas output, including production from its stake in the Argentine unit YPF, was almost flat at 938,000 barrels of oil equivalent, or BOE, a day in the second quarter, compared to 928,000 BOE a day in the year-earlier period. The ramp-up of the Shenzi field and a slight recovery of output in Argentina compensated for regulatory changes in Libya and Bolivia, and OPEC quota reductions.
Repsol's unadjusted net profit in the second quarter fell 59% to EUR373 million, down from EUR905 million in the same period a year earlier.
The company's replacement cost adjusted operating profit in the second quarter was EUR428 million, down from EUR1.43 billion a year earlier.
Repsol's net financial debt almost doubled to EUR10.41 billion at the end of the second quarter, from EUR5.38 billion at the end of the first quarter, mainly due to the purchase of Union Fenosa SA (UNF.MC) by Gas Natural SDG SA (GAS.MC), in which Repsol owns 30.8%. While Gas Natural's own debt surged, the company recently also carried out a EUR3.5 billion capital increase in which Repsol participated.
Repsol shares rose 0.4% to EUR16.61 Thursday, but are down 18% in the past 12 months as oil prices plunged.
- JULY 30, 2009, 12:59 P.M. ET
(Adds executive comment.)
By Bernd Radowitz
Of DOW JONES NEWSWIRES
MADRID (Dow Jones)--Spanish oil firm Repsol YPF SA (REP) Thursday said its second-quarter adjusted profit plunged 62% because of dramatically lower refining margins and oil prices.
The second-quarter adjusted profit figure, or clean replacement cost of supplies, which excludes inventory effects, fell to EUR265 million in the second quarter, from EUR694 million a year earlier.
The replacement cost adjusted profit is the figure most closely watched by analysts because it excludes often-volatile inventory effects. A Dow Jones Newswires poll of five analysts had forecast an average of EUR228 million for the adjusted figure.
Refining margins in Repsol's core Spanish market fell 94% to $0.5 per barrel in the second quarter from a year earlier, due to a reduction in spreads for diesel, and a recent tightening of the gap in prices paid for light and heavy crude.
Repsol usually has a competitive advantage in its upstream unit as its refineries are equipped to process mostly heavy crude that before was much cheaper on international oil markets than easier-to-process light oil.
The company's current refining margins "are not sustainable at all," Repsol Chief Operating Officer Miguel Martinez told a conference call later Thursday. But he added that refining margins are expected to improve later this year, as the coming winter in Spain will likely drive up demand for diesel, which Repsol hopes will improve refining margins.
Martinez also said he eventually expects the spread between the price of light and heavy crude to widen again, but not too quickly.
The executive didn't rule out new temporary refinery shutdowns in Spain to help margins. Repsol from April to July had mothballed its 100,000-barrels-a-day throughput Cartagena refinery.
Earnings in the upstream unit, meanwhile, plunged as prices for Brent crude fell 51% to $59.1 on average in the second quarter.
Repsol's average overall oil and gas output, including production from its stake in the Argentine unit YPF, was almost flat at 938,000 barrels of oil equivalent, or BOE, a day in the second quarter, compared to 928,000 BOE a day in the year-earlier period. The ramp-up of the Shenzi field and a slight recovery of output in Argentina compensated for regulatory changes in Libya and Bolivia, and OPEC quota reductions.
Repsol's unadjusted net profit in the second quarter fell 59% to EUR373 million, down from EUR905 million in the same period a year earlier.
The company's replacement cost adjusted operating profit in the second quarter was EUR428 million, down from EUR1.43 billion a year earlier.
Repsol's net financial debt almost doubled to EUR10.41 billion at the end of the second quarter, from EUR5.38 billion at the end of the first quarter, mainly due to the purchase of Union Fenosa SA (UNF.MC) by Gas Natural SDG SA (GAS.MC), in which Repsol owns 30.8%. While Gas Natural's own debt surged, the company recently also carried out a EUR3.5 billion capital increase in which Repsol participated.
Repsol shares rose 0.4% to EUR16.61 Thursday, but are down 18% in the past 12 months as oil prices plunged.