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Repsol

repsolatardecer

Ibex, Markets 16th September 2016

Repsol: Analysts More Upbeat After Gas Natural Stake Sale

Mari Pinardo / Julia Pastor | At the start of this year, Repsol launched an ambitious Strategic Plan to allow the Company to eliminate its debt and weather the storm of low oil prices. The plan includes: divesting non-core assets for a total of 3.100 billion euros via a series of deals, one of which was the possible sale of its Gas Natural stake. The chance came along and on Monday Repsol announced it has agreed to sell 10% of its stake in the gas company for 1.901 billion euros. The operation has been well received by the markets and by analysts.

gas natural

Ibex, Markets 2nd September 2016

Gas Natural Shakes Up the Spanish Stock Market

In recent times, hardly anything ever happens in the Spanish stock market. There are practically no IPOs or shareholder squabbles to attract investors’ attention. So when there is even a slight movement, like the possible sale of 20% of Gas Natural by majority shareholders Repsol and La Caixa, it shakes the market up more than normal.

 

Repsol

Companies 17th June 2016

Sinopec Files 5.5 Bn Dollars Arbitration Notice Against Repsol

Repsol has doubled its recurrent synergies from 220 million dollars annually to 400, thanks to its purchase of Canadian oil firm Talisman. But the transaction has also resulted in a 5.5 billion dollars arbitration notice being served against it by the Chinese company Sinopec.

Repsol

Companies 2nd June 2016

Repsol Decides To Complain

Carlos Díaz Güell |  Without doubt he has been thinking about it for many years, but the chairman of Repsol has waited patiently to show himself in the best light and make friends a few days ahead of today’s OPEC meeting taking place in Vienna, against a backdrop of highly volatile oil prices.

Repsol

Companies 5th April 2016

Repsol: Undesirable Consequences

The drop in oil prices and the belief – rarely justified by experience – that things will never be what they were, have begun to set off alarm bells in some of the major sporting activities. These have provided an amazing bounty of triumphs thanks to Repsol’s generous patronage.

Repsol

Companies 25th February 2016

Time For Repsol ‘s Plan B

BARCLAYS | Having largely pre-released numbers with its trading statement the focus from Repsol’s 4Q results is on whether or not the group will be able to retain its Investment Grade credit rating, given the prevailing environment.

Refining

In Europe 6th November 2015

European Refining Industry Sees Decent Outlook For Margins in 2016

UBS | Several oil companies shared their views on refining margins over the 3Q reporting season and CMDs over the past month and we find these often contrast with investors’ views as companies were generally reasonably positive about the outlook for margins for the next few months. Several companies (BP, Neste) highlighted that the global refining supply/demand outlook is fairly balanced for 2016.

Repsol

Companies 16th October 2015

Repsol: Rebuilding confidence to take time

BARCLAYS | Repsol’s 2016-2020 strategy presentation set out the resilience of its integrated business model with a shift to a focus on value from the previous growth focused strategy. The company expects to be free cashflow breakeven after dividends at $50/bl Brent over the 2016-2020 period with the breakeven likely to be $60/bl in 2016/17 before falling to $45/bl in 2018- 2020.