By: sweeney008
3 days ago (Saturday, 9:23 am) Yahoo! Profile:
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| I am dollar cost averaged at $30 odd and tempting to take profit but I am a true believer in the "stronger for longer" story. |
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By: tanned_oz
4 days ago (Friday, 5:21 pm) Yahoo! Profile:
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| Cant believe I didnt buy at $35.80 a couple of weeks ago! |
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By: sweeney008
4 days ago (Friday, 4:45 pm) Yahoo! Profile:
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| BHP had a great day and closed $46.50 +$1.55 up +3.45% today. |
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By: sweeney008
4 days ago (Friday, 10:10 am) Yahoo! Profile:
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| BHP $45.73 +$0.78 +1.74 % |
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By: flickjm
4 days ago (Friday, 10:01 am) Yahoo! Profile:
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http://www.businessspectator.com.au/bs.nsf/Article /BHP-could-sell-assets-if-it-gets-Rio-EFS7R?OpenDo cument
Now looking to sell other assets:
BHP's Marius Kloppers said smaller or non-core assets such as aluminium, copper and ferrous metals may be sold, Britain's Financial Times reports.
"We've got a critical asset threshold on things like size and resource life. When you put these two companies together that threshold lifts," Mr Kloppers said.
"I wouldn't be surprised if we continue to work out assets [from the group] at the same kind of levels as before." |
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By: flickjm
4 days ago (Friday, 9:54 am) Yahoo! Profile:
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| They had a good night o/seas. The Black gold is doing the trick:) |
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By: flickjm
4 days ago (Friday, 9:52 am) Yahoo! Profile:
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| Looking interesting this morning |
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By: flickjm
6 days ago (Wednesday, 7:35 pm) Yahoo! Profile:
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Well they were only strong rumours late last year:)
http://news.theage.com.au/petroleum-is-important-t o-bhp-ceo/20080507-2bwr.html |
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By: sweeney008
6 days ago (Wednesday, 7:17 pm) Yahoo! Profile:
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Flickjm, well if that is the case, they are promoting the socks off it.
In my book, they see it as a jewel in the crown with current oil prices. I was surprised to see their international production in Gulf of Mexico, Algeria, Canada, UK & Pakistan and their projections going forward. |
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By: flickjm
6 days ago (Wednesday, 6:29 pm) Yahoo! Profile:
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Sweeney
But I though BHP were looking to sell-off the oil and gas to takeover RIO? |
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By: sweeney008
6 days ago (Wednesday, 6:20 pm) Yahoo! Profile:
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| Very good presentation online re BHP petroleum and gas. |
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By: sweeney008
6 days ago (Wednesday, 4:46 pm) Yahoo! Profile:
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BHP and RIO had pretty good days today. There is also a BHP petroleum briefing coming online today.$45 is getting back to levels seen Nov 2007.
From Iron ore lull thread:
MELBOURNE/SHANGHAI REU
2008-May-06 10:41 PM
China may concede to Australian demands to include a freight premium in iron ore price negotiations that could boost this year's price rise to 85 per cent, industry sources and a media report says.
There is a strong view within the Chinese industry that miners will achieve the 85 per cent increase, exceeding a 65 per cent rise already agreed with a key Brazilian miner, The Australian Financial Review reported, citing an unidentified senior source at a leading iron ore trader in China.
The report said this was because Chinese steel mills were paying much higher prices on the spot market than the existing benchmark price.
Industry sources in China added that the steel sector's brisk demand for raw materials also supported expectations that they would agree to the freight premium.
"Australian miners have been very tough during the negotiations, because it is very obvious that Chinese mills are eager to obtain more iron ore supplies to support the growing steel sector," said an executive with a leading state-owned metals trading house.
China's crude steel output in 2008 is expected to grow about 10 per cent from last year, to around 520 million to 550 million tonnes. The country has taken the lion's share of additional iron ore production from global miners, including BHP Billiton, Rio Tinto and Vale.
The trading house executive also said he thought an 85 per cent rise, which was first mooted in research reports from several investment banks, was "very likely because the banks are also shareholders of some of the miners".
Asian steel mills' negotiations with the miners on annual term iron ore prices have stalled over the proposed inclusion of a freight premium sought by the Australian miners to reflect freight savings to China compa ... |
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By: pssstocks
10/04/2008
5:45 am Yahoo! Profile:
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Exerpt from: http://www.globalcoal.com/news/coalnews.cfm
09 April 2008 08:42 PM London Time
"Rio may choke on 200% coal price rise
BHP is likely to argue that coal is the priming fuel in the relative value debate with Rio.
THIS week's huge leap in contracted prices for coking coal sets up another battle in the war of words between BHP Billiton and its takeover target, Rio Tinto.
Rio has a superior iron ore position in the Pilbara in terms of production, slated production and infrastructure. With an iron ore price rise of at least 71% for 2008 looming, that commodity has been influential in the merger value debate.
The expected iron price rise will apply to attributable Pilbara iron ore production of about 176 million tonnes this year and lift Rio's revenue and gross profit by about $US6.2 billion. For BHP, the same price rise will be worth $US3.8 billion extra revenue and profit, on attributable production of about 115 million tonnes.
But BHP argues that the real measures are...." |
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By: sweeney008
9/04/2008
1:15 pm Yahoo! Profile:
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| Announcement from BHP with respect to some coal contracts. Prices up in range 206-240% on 2007 prices. |
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By: sweeney008
9/04/2008
10:42 am Yahoo! Profile:
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| No time to take profit. Saw BHP Oil boss talking on Lateline business recently. Very bullish about their 10 year oil plan and discoveries in late 2007. Coal and iron ore looking good with price rises on the way and better weather around the coast. |
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By: catsmad9
9/04/2008
10:40 am Yahoo! Profile:
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| Not time to profit take just yet! |
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By: flickjm
9/04/2008
10:39 am Yahoo! Profile:
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Sweeney
I was just read up on BHP as I had heard on the radio this morning that it looks like China are looking into buying a big stake in them. The query was what the impact would be on the company as a whole and what impact that would have on people's superann....
There was some speculation that perhaps the concentration may be on IO and other arms sold off. Obviously the Chinese seeking control over supply and price of IO.
All good for the sp in the short term though... |
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By: sweeney008
9/04/2008
10:34 am Yahoo! Profile:
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BHP up to 42.28 +4.65% - STRONG!!
just in on daily trader from Macquarie:(
09 April 2008
FTSE – BHP’s Late Rally
In the UK, the FTSE 100 index closed 24.6 points lower at 5,990.2 points despite a weaker London Metals Exchange on reports from The Australian newspaper that China’s largest steel maker, Baoshan Iron and Steel Company, is looking to build its stake in BHP Billiton. BHP stock topped the FTSE 100 in a downbeat session, gaining 4.6%. Other resource majors also gained ground – Rio Tinto up 1%, Anglo America up 0.2%, and Xstrata up 2.2%
The Australian reported that China was considering an even larger stake in BHP Billiton
as the country tries to intervene in BHP's hostile takeover bid for Rio Tinto resulting in BHP stock reaching their highest point since November. Earlier in the year, Aluminum Corporation of China, or Chinalco, teamed up with Alcoa to jointly buy 12% of Rio Tinto's London-listed shares, or 9% of the whole company, for $14.05 billion.
Oil majors, BP and Royal Dutch Shell, gained 0.28% and 0.77% respectively, regardless of slightly weaker crude oil prices. On the London Metals Exhange, near-record Copper prices will result in declining demand. Copper prices fell the most in almost 3 weeks.
Coal stocks were among the largest gainers due to speculation that there may be a 300 tonne shortage of coal for China this year. Peabody up 5.1%, Consol up 4.9% and Arch Coal up 10%. Gold closed $8.8 lower at $918 and Crude |
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