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Stock Market & Financial Investment News

News For CBI;RDS.A;WOPEY From The Last 14 Days
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April 12, 2015
16:49 EDTRDS.AIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
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13:23 EDTRDS.ABG, Shell merger announced as LNG prices drop in Asia, WSJ says
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April 10, 2015
16:19 EDTRDS.AStocks finish week higher as investors speculate jobs data could delay rate hike
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April 9, 2015
13:41 EDTRDS.ARegulators likely to scrutinize NGL division of Shell-BG merger, FT says
Regulators are likely to take a close look at Shell's (RDS.A, RDS.B) acquisition of BG Group (BRGYY), reports the Financial Times, citing antitrust lawyers. The competition lawyers do not expect the European Commission to outright block the deal but it may mandate divestures in certain overlapping areas between the two companies, with natural gas liquids possibly receiving the brunt of the scrutiny. Reference Link
08:21 EDTRDS.ARoyal Dutch Shell and BP yet to meet Abu Dhabi's sign-on fee, WSJ reports
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06:20 EDTRDS.AExxonMobil may look to acquire company similar to BG's size, Financial Times say
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April 8, 2015
16:22 EDTRDS.AOn The Fly: Closing Wrap
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12:17 EDTRDS.AOn The Fly: Midday Wrap
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07:58 EDTRDS.ARoyal Dutch Shell holds a conference call
CEO van Beurden holds a conference call to discuss the recommended cash and share offer for BG Group on April 8 at 10 am. Webcast Link
07:04 EDTRDS.ARoyal Dutch Shell implied volatility flat into acquisition of BG Group
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05:37 EDTRDS.AShell expects to commence share buyback program of at least $25B in FY17
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05:34 EDTRDS.ARoyal Dutch Shell confirms intention to pay $1.88 in dividends in FY15
In the near term, BG (BRGYY) shareholders will benefit from the dividends enjoyed by Shell (RDS.A, RDS.B) shareholders. Shell confirms its intention to pay dividends of $1.88 per ordinary share in 2015 and at least that amount in 2016.
05:32 EDTRDS.ARoyal Dutch Shell confirms acquisition of BG Group
The boards of Shell (RDS.A, RDS.B) and BG (BRGYY) are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to be issued share capital of BG. Under the terms of the Combination, BG Shareholders will be entitled to receive: for each BG Share: 383 pence in cash; and 0.4454 Shell B Shares. Based on the Closing Price of 2,208.5 pence per Shell B Share on April 7, the terms of the combination represent: a value of approximately 1,367 pence per BG Share; a premium of approximately 50% to the Closing Price of 910.4 pence per BG Share on April 7; and a value of approximately GBP 47.0B for BG's entire issued and to be issued share capital. The combination will result in BG Shareholders owning approximately 19% of the Combined Group. The Combination will add some 25% to Shell's proved oil and gas reserves and 20% to production, each on a 2014 basis, and provide Shell with enhanced positions in competitive new oil and gas projects, particularly in Australia LNG and Brazil deep water. The Combination has the potential to unlock further value for both sets of shareholders from the combined portfolio. An enhanced set of upstream positions will be a springboard to high-grade the Combined Group's longer term portfolio, increase asset sales and reduce capital investment, thereby enhancing the Combined Group's capacity to pay dividends and undertake share buybacks. Shell expects the Combination to generate pre-tax synergies of approximately $2.5B per annum and has also identified further significant opportunities. In the near term, BG Shareholders will benefit from the dividends enjoyed by Shell Shareholders.
05:26 EDTRDS.ARoyal Dutch Shell confirms acquisition of BG Group
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April 7, 2015
17:44 EDTRDS.ABG Group confirms in advanced talks with Shell, Bloomberg says
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16:28 EDTRDS.AShell in discussions to acquire BG Group, WSJ says
Royal Dutch Shell (RDS.A, RDS.B) is in discussions to acquire BG Group (BRGYY), reports the Wall Street Journal, citing people familiar with the matter. As BG Group has a market cap of $46B, this deal could be one of the biggest acquisitions of the year, the Journal adds. Reference Link
16:21 EDTRDS.ARoyal Dutch Shell in discussions to purchase BG Group, WSJ says
06:43 EDTRDS.AOil retreats on reports of Iran, China talks, Reuters says
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April 6, 2015
06:41 EDTRDS.AOil up after Saudi Arabia increases prices for Asia, Reuters says
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April 5, 2015
18:12 EDTRDS.AOil falls after tentative nuclear deal for Iran, Reuters says
After a preliminary pact between Iran and world powers on Tehran's nuclear program the price of Brent oil fell nearly 4% on Thursday, says Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
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