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canada goose deals LONDON, May 14 (Reuters) Canada Goose online Oil and gas group BG will focus on exploration, liquefied natural gas (LNG) and selling or partnering more of its discoveries as part of a new emphasis on canada goose uk shop profitability after being forced to Canada Goose Outlet cut ambitious output targets. canada goose deals

Canada Goose sale The gas focused British company, whose main growth assets are in Australia and Brazil, said the proportion of its production with a profit margin of more than Canada Goose Coats On Sale $50 per barrel of oil equivalent (boe) would triple over the next five years, and that its heavy capital spending budget would peak in 2015, allowing it to return surplus cash to shareholders from then. Canada Goose sale

Canada Goose online In a keenly awaited strategy canada goose uk black friday statement under new management and after a crisis of investor confidence in the final buy canada goose jacket cheap quarter canada goose coats on sale of 2012, the company said it would its portfolio more actively in future, partly through asset canada goose black friday sale sales, and partly by bringing in partners to ramp up output more quickly. Canada Goose online

buy canada goose jacket The aim is for 50 percent of its discovered resources to be either sold or produced in the next 10 years. buy canada goose jacket

cheap Canada Goose BG shares were the top gainers among European canada goose clearance oil and gas stocks on Tuesday, climbing 3.2 percent to 1,223 pence. cheap Canada Goose

Canada Goose Outlet Last year, the energy investors one time darling shocked shareholders by saying it would miss output targets. Canada Goose Online gas prices to uneconomic levels. Canada Goose Outlet

canada goose clearance sale The news came at a tricky time at the top of the company as long serving former uk canada goose outlet chief executive Frank Chapman retired several months early due to illness. canada goose clearance sale

canada goose coats on sale On Tuesday, new chief executive Chris Finlayson, who took over at buy canada goose jacket the start of 2013, set himself a more modest 2015 output target of between 775,000 and 825,000 boe per day canada goose by 2015, canada goose factory sale up blouson chilliwack canada goose from 667,000 now. He said there would be no output targets more than two years ahead in future as the company focuses on value over volume. canada goose coats on sale

canadian goose jacket Oil and gas companies have a history of switching their performance measures after failing to meet existing ones, creating a degree of cynicism among investors. Canada Goose sale Earlier this year, BP also made a virtue of Canada Goose Parka circumstances that have forced it to rein in its growth prospects. Other oil companies are also moving away from volume measures as meeting them gets difficult. canadian goose jacket

buy canada goose jacket cheap acutely aware of that, and I know that a view that can be taken, Finlayson told Reuters ahead of his presentation canada goose uk outlet to shareholders and investors on Tuesday. why we have been careful to show in this presentation exactly how we will deliver that value. buy canada goose jacket cheap

canada goose black friday sale Despite its recent problems and a slump in its share price in the final quarter of last canada goose clearance sale year, BG shares still trade at a Canada Goose Jackets premium canada goose coats to their peers as a multiple of current year earnings. canada goose black friday sale

canada goose Analysts put this down to its strong track record on finding new supplies, its exposure to tight LNG markets, and its position in Brazil potentially prolific Santos basin, where it and a handful of other companies were able to secure acreage before the government decided to limit future development to the state oil firm Petrobras. canada goose

Petrobras on Tuesday launched Brazil biggest ever bond sale raising $11 billion of new debt to help fund its huge $237 billion investment programme for the period up to 2017

Canada Goose Parka BRAZIL RISK BG has been a widely diversified company in the past but now has a very heavy exposure to Brazil, which it hopes will account for over 600,000 boe a day at its peak not far short of its entire current output. Canada Goose Parka

canada goose coats However, it https://www.goosefrshop.com has no plans to include its exposure there in any asset sales over the next few years, Finlayson said. canada goose coats

canada goose clearance our assets will be under permanent review, (but) for at least the next few years, we see ourselves creating far more value in Brazil through ongoing exploration and canadian goose jacket production cheap canada goose uk activities than we see from any form of monetization. If you going to have risk concentration, I rather have it in the best discovery in canada goose store decades, cheap Canada Goose where we have the biggest IOC (International Oil Company) position. canada goose clearance

Canada Goose Jackets By 2015, as BG costly QCLNG gas for export development in Australia reaches completion, capital spending will fall from $12 billion a year currently to $8 $10 billion, allowing free cash flow to turn positive, increasing return on capital employed, and allowing improved shareholder returns. Canada Goose Jackets

be big enough to pursue the best opportunities but small enough to stay commercially agile, Finlayson said. (Editing by Sarah Young and Mark Potter).

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