More on BG
BG: Trading update
BG the oil and gas exploration group is expected to announce strong trading results for the fourth quarter of the year.
Upstream production has increased significantly in Q4; aggregate production for the two months of October and November reached 35 mmboe putting the company on course to reach 50-55mmboe for the quarter compared to 45mmboe in the same period last year.
Average realised prices were significantly better than last year: the average realised price for oil was $59 per barrel (4Q2004: $45.58), liquids were $44 per barrel (4Q2004: $31.28) and gas prices were 36p per therm (4Q2004: 17.55p).
The share trades at 552p, no consensus earnings estimates are available.
Random picks: Admiral | Antofagasta | Astrazeneca | Collins Stewart | Corus | Greggs | Marconi | Northumbrian Water | Spirax Sarco | Scottish & Newcastle