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Post by fannoli on Mar 7, 2008 1:30:23 GMT -5
Fender im too knowledgable for your own good but im going to educate you and give you a reality check. Novi, thanks for sticking up. ;D But in all seriousness; Gazprom is a Russian company not a Serbian one and predictions have it that it wont be able to supply the local domestic Russian market in 20 years. Secondly on the world grandscale Gazprom production of oil is not so great. It ranks about average. To see that here is an illustrative chart of top oil companies: i also added Serbia on the grandscale of the chart - the little microbe blue line at the end. Ranking List1.) Saudi Aramco (Saudi Arabia) 2.) NIOC (Iran) 3.) Exxon Mobil (US) 4.) BP (UK) 5.) PDV (Venezuela) 6.) Royal Dutch Shell (UK/Netherlands) 7.) CNPC (China) 8.) ConocoPhillips (US) 9.) Chevron (US) 10.) Total (France) 11.) Pemex (Mexico) 12.) Gazprom (Russia) So as you can see it doesnt have much leverage on world oil. The only leverage Gazprom has is in the natural gas supply of Eastern and Central Europe. But Western Europe has started to diversify its sources so its not dependant on Russian natural gas. Thinking EU depends on Serbia for oil is comical as Serbia doesnt produce jack chit. Serbia consumes more oil than produces lolOil - production: 14,660 bbl/day (2003) Oil - consumption: 85,000 bbl/day (2003 est.) To give you a picture how little Serbia produces. 14 000 barrels per day vs Saudi Arabia 9 000 000 barrels per day. So how will Serbia feed Europe when it cant feed its own domestic market? I'll let Fender answer that question. Good night boys!! Getting late here. ---
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Fender
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Post by Fender on Mar 7, 2008 3:23:26 GMT -5
^^Seriously, your a dumba$$. When did I say that Serbia produced oil for export. It has everything to do with the up and coming gas supplies. It has everything to do with which of Nubucco or Gazprom will have the greater market share. This will dictate who will build their pipeline thus giving one of the two a monopoly which will be hard to break. Since Gazprom has the greater amount of customers from Europe signed up, it is now viable to build its pipeline. Since its competitor can't get the necessary contracts, it now has viability problems in terms of building its pipeline. No customers means no money. Simple economics. Where does Serbia come into this? It will be one of the main transit hubs of the gs pipeline. It can charge what it likes in terms of transit tax, it will have its facilities upgraded to world standards. It will feed from Russia's market share meaning that those graphs you have produced are now redundant. Don't forget that the Germans have signed a deal with the Russians on guaranting its supplies long term.
Your knowledge as you put it, isn't worth sh1t because it doesn't take into account whats happening now and in the near future.
Try again bozo. Why bozo, because it reflects the clown that you are. Good knows what you took in during your economics class.
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Post by Fender on Mar 7, 2008 3:25:39 GMT -5
^ l know Fan is not stupid but he likes to do alittle instigation at times lol But he's not the sharpest tool in the shed either.
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Post by Fender on Mar 7, 2008 4:03:08 GMT -5
European Utilities Key Player Profiles: Gazprom Published: 2007/02
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Table of Contents CATALYST SUMMARY METHODOLOGY ANALYSIS European Utilities Key Player Profile: Gazprom Key Player Scorecard examines 31 leading utilities drawn from across Europe' s competitive arenas Key Players dominate power generation capacity market share in the Wmed competitive arena Key Players dominate power generation output market share in the Wmed and CEE competitive arenas Despite ongoing industry consolidation, in no competitive arenas do Key Players dominate power supply volume market share Despite ongoing industry consolidation, in no competitive arenas do Key Players dominate gas volume market share The Key Player Scorecard assesses utilities across four pillars: Performance, Scale, Growth and Exposure The Performance pillar combines 5 financial metrics to measure business performance The Scale pillar combines financial and operational metrics to measure the size of a utility The Growth pillar measures the rate of growth of a utility' s financial and energy resources The Exposure pillar combines both operational and financial measurements of risk Gazprom scores 54.9/100 on Datamonitor' s European Utility Scorecard and ranks 1 out of the 31 Key Players covered Gazprom tops the Key Player scorecard Gazprom achieves an overall ranking of 1, with a utility score of 54.9 Gazprom' s strong Scale and Exposure scores contributes to its overall high ranking Gazprom has an above average level of Performance, yet a lower than average level of risk In terms of Scale, Gazprom far surpasses the Key Player average, while in Growth it is also a leading Key Player Gazprom' s Performance rank of 11 is due mainly to its strong return on sales and operating profit margin Gazprom' s overall financial Performance score of 12.1 is just above the Key Player average of 10.9 Gazprom' s operating profit margin is 25.9%, compared to the Key Player average of 19.7% Gazprom underperforms the Key Player average in both return on investment and return on energy volume Gazprom tops the Scale pillar, attaining a score of 15.8 In terms of Scale, Gazprom ranks 1 Gazprom has a 30% share of Key Player gas customers Gazprom has a 54.4% market share of Key Player gas supply volume Gazprom ranks 6 and 1 in terms of revenue and net income respectively Despite topping all Key Players in profit growth, Gazprom' s ranks 4 in the Growth pillar Gazprom' s operating cash flow and power volume growth metrics are below average, resulting in a Growth ranking of 4 Gazprom price earnings ratio of 63 suggests that its share price is overvalued relative to the other Key Players From 2001 to 2005, Gazprom' s annual profit growth (77.8%) outpaced its revenue growth (7.6%) From 2004 to 2005, Gazprom' s cash flow growth of 52.3% surpassed its gas volume growth of 3% Gazprom has a positive gas NTR, leading to an Exposure ranking of 2 With the largest gas equity holding of all Key Players, Gazprom has the highest positive gas NTR With gas equity amounting to 6,000 TWh, Gazprom maintains a slightly positive (long) NTR position Gazprom is lightly leveraged, with a debt to equity ratio of 20.1% Gazprom ranks 7 in of debt leverage Gazprom' s operating cash flow growth has exceeded its growth in energy volume Gazprom markets its gas principally in the NWE competitive arena, though Germany is its largest single market Although Germany accounts for the bulk of Gazprom' s gas sales, the company has a presence across Europe With the second highest number of gas customers, Gazprom has a 30% share of Key Player gas customers APPENDIX Databook Definitions List of Tables Table 1: The Key Players are drawn from across a diverse range of markets Table 2: The Performance pillar combines 5 financial metrics to measure business performance Table 3: The Scale pillar combines financial and operational metrics to measure the size of a utility Table 4: The Growth pillar measures the rate of growth of a utility' s financial and energy resources Table 5: The Exposure pillar combines both operational and financial measurements of risk Table 6: Gazprom scores 54.9/100 on Datamonitor' s European Utility Scorecard and ranks 1 out of the 31 Key Players covered Table 7: Gazprom scores 12.1/25 on the Performance pillar, and ranks 11 out of 31 on this measurement Table 8: Gazprom scores 15.8/25 on the Scale pillar, and ranks 1 out of 31 on this measurement Table 9: Gazprom scores 11.3/25 on the Growth pillar, and ranks 4 out of 31 on this measurement Table 10: Gazprom scores 15.6/25 on the Exposure pillar, and ranks 2 out of 31 on this measurement Table 11: Gazprom' s Performance rank of 11 is due mainly to its strong return on sales and operating profit margin Table 12: Gazprom tops the Scale pillar, attaining a score of 15.8 Table 13: Despite topping all Key Players in profit growth, Gazprom' s ranks 4 in the Growth pillar Table 14: Gazprom has a positive gas NTR, leading to an Exposure ranking of 2 Table 15: Return on fixed assets Table 16: Return on sales Table 17: Operating profit margin Table 18: Return on energy volume Table 19: Return on investment Table 20: Generation Capacity / EU25 market total Table 21: Power Supply Volume / EU25 market total Table 22: Gas Supply Volume / EU25 market total Table 23: Net income / Net income of 94 leading utilities Table 24: Revenue / Revenue of 94 leading utilities Table 25: Revenue growth, 2001-2005 CAGR Table 26: Profit growth, 2001-2005 CAGR Table 27: Growth in operating cash flow, 2004 to 2005 Table 28: Gas supply volume growth, 2004-2005 Table 29: Growth in power supply volume, 2004 to 2005 Table 30: Power NTR / Power supply volume Table 31: Gas NTR / Gas supply volume Table 32: Debt leverage Table 33: Growth in operational cash flow - Growth in energy volume List of Figures Figure 1: Datamonitor' s Key Player Scorecard examines 31 leading utilities drawn from across Europe' s competitive arenas Figure 2: Key Players dominate power generation capacity market share in the Wmed competitive arena Figure 3: Key Players dominate power generation output market share in the Wmed and CEE competitive arenas Figure 4: Despite ongoing industry consolidation, in no competitive arenas do Key Players dominate power supply volume market share Figure 5: Despite ongoing industry consolidation, in no competitive arenas do Key Players dominate gas volume market share Figure 6: Gazprom achieves an overall ranking of 1, with a utility score of 54.9 Figure 7: Gazprom' s strong Scale and Exposure scores contributes to its overall high ranking Figure 8: Gazprom has an above average level of Performance, yet a lower than average level of risk Figure 9: In terms of Scale, Gazprom far surpasses the Key Player average, while in Growth it is also a leading Key Player Figure 10: Gazprom' s overall financial Performance score of 12.1 is just above the Key Player average of 10.9 Figure 11: Gazprom' s operating profit margin is 25.9%, compared to the Key Player average of 19.7% Figure 12: Gazprom underperforms the Key Player average in both return on investment and return on energy volume Figure 13: In terms of Scale, Gazprom ranks 1 Figure 14: Gazprom has a 30% share of Key Player gas customers Figure 15: Gazprom has a 54.4% market share of Key Player gas supply volume Figure 16: Gazprom ranks 6 and 1 in terms of revenue and net income respectively Figure 17: Gazprom' s operating cash flow and power volume growth metrics are below average, resulting in a Growth ranking of 4 Figure 18: Gazprom price earnings ratio of 63 suggests that its share price is overvalued relative to the other Key Players Figure 19: From 2001 to 2005, Gazprom' s annual profit growth (77.8%) outpaced its revenue growth (7.6%) Figure 20: From 2004 to 2005, Gazprom' s cash flow growth of 52.3% surpassed its gas volume growth of 3% Figure 21: With the largest gas equity holding of all Key Players, Gazprom has the highest positive gas NTR Figure 22: With gas equity amounting to 6,000 TWh, Gazprom maintains a slightly positive (long) NTR position Figure 23: Gazprom is lightly leveraged, with a debt to equity ratio of 20.1% Figure 24: Gazprom ranks 7 in of debt leverage Figure 25: Gazprom' s operating cash flow growth has exceeded its growth in energy volume Figure 26: Although Germany accounts for the bulk of Gazprom' s gas sales, the company has a presence across Europe Figure 27: With the second highest number of gas customers, Gazprom has a 30% share of Key Player gas customers
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Post by Fender on Mar 7, 2008 4:13:34 GMT -5
Gazprom Has Handed the European Gas Market to the Russians By Garry White • July 12th, 2007 • Related Articles • Filed Under About the Author
See All Articles by This Author
How Gazprom Could Have Double the Market Cap of Exxon Mobil Gazprom, the State-Controlled Natural Gas Monopoly Hu Jintao Explains Why China is More Important Than US to Australia Resource Investing in Australia - Now’s the Time Vladimir Putin, Hugo Chavez Show How Oil Leads to Geopolitical Power Filed Under: Market If you're wearing cruelty-free, opened-toed sandals with fair-trade socks then stop reading now and have a nice cup of organic camomile tea. You might not like what I am going to say.
Gazprom (LON: GAZP) plans to be the largest company in the entire world within 10 years - and it has the political backing behind it to make this achievable.
However, it is majority-owned by the Russian state that has been using it as a political tool. The company has also conspired with the Kremlin - pursuing an asset grab that would have sent the murderous Stalin to bed with a warm, fuzzy glow. The company has also just shafted BP.
Vladimir Putin and Gazprom are closely linked. There have even been rumours that he will sit at the helm of the energy giant once he leaves office, but this is merely a rumour.
I'd like to explain a little history to explain why the stupidity of European governments has allowed a country run by criminals, loony ex- Communists, alcoholics and psychotics to have such a hold over us - it's all down to the rejection of nuclear power, as promoted by the sandal wearers.
The political movement to ensure that nuclear power could not be on the agenda in Europe led to a massive increase in the use of coal. This action thus caused a significant amount of pollution - so the tofu munchers decried coal and insisted on a cleaner fuel. But not nuclear, oh no. So, the focus of electricity generation moved to gas.
It's not just ex-gulags that are abundant in Siberia - gas is abundant too. This decision to ignore nuclear by most of Europe except France has handed the Russians a gilt-edged future. Well, the Russian oligarchs that have all the power and money, that is.
The power brokers of Russia are not daft. They have seen this advantage for a long time and have been making moves to secure their power. Russia wants to become Europe's principal gas supplier and it will use any tactic that it can. And, little by little, it has.
The power of the Greens in Germany opposing nuclear power and ex-prime minster Tony Blair's inability to convince the Labour Party to back nuclear power has handed all the cards to Russia and Vladimir Putin. Europe's energy future is at the mercy of this ramshackle and corrupt country.
We can't change that fact, so we might as well go along for the ride. The only people who have been forward- looking are the French of all people; they generate around 80% of their electricity from nuclear power.
Already the former communist-infected countries of Belarus, Georgia, Poland and Ukraine have had their gas supplies cut by Putin.
While in office Putin also crushed Yukos - Russia's largest oil company.
Its head, Mikhail Khodorkovsky, was accused of tax evasion and, in typical Stalinist style, he was locked up in Siberia. Yukos was then broken up and seized by the state-controlled entities. It also looks like the same thing could be happening to Rosneft.
At the same time, Western companies have been driven out of the country to a massive extent. The TNK-BP/Gazprom saga has been rumbling on - but, surprise, surprise - it looks like the Russians have won this battle.
Recently it was announced that OAO Gazprom would take control of BP's stake in the Kovykta gas field. This field is said to have enough natural gas to supply all Asia's needs for five years. Gazprom will pay between $700-$900 million for the 63% of the Kovykta field held by BP's TNK-BP unit and half its regional pipeline unit. Immediately following the sale Roland Nash, the Head of Research at Renaissance Capital investment bank in Moscow said: "All global hydrocarbon companies are in the process of renegotiating their positions in Russia, and the government holds all the trumps." I feel confident that this particular asset grab is essential for the company's plan to be a major supplier to China.
It's not only BP that is suffering; other deals negotiated before Putin came to power have been interfered with. Last year, after allegations that Shell had broken environmental licences at its Sakhalin-2 gas field, Gazprom took control of the project.
The next attempt to freeze out foreigners is affecting ExxonMobil (NYSE: XOM). Gazprom wants to halt an Exxon-led project from supplying China. It wants it all for itself. And, you know what, it'll probably get it.
Oh, and have you ever heard of Baumgarten an der March? No, well it's in Austria. It's the largest natural gas hub in Europe - and Gazprom has bought it. Quietly.
So, it looks like the European gas market - and therefore the power generation market - has been sewn up by dubious Russians...and we have just sat around and let them. We are idiots. This situation will not change until European states build nuclear power stations and, with pressure from the green lobby building, that appears to be a long way off.
I consider the business practices of Gazprom thoroughly unethical and bordering on the criminal. The company has European governments over a barrel and it will exploit this to the max. It's all very distasteful, but of course it will make some stunning profits.
Regards,
Garry White For The Daily Reckoning Australia
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Post by Fender on Mar 7, 2008 4:14:35 GMT -5
In short Fannoli, don't talk about things you have little to no idea about.
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Post by albaniansoul on Mar 7, 2008 10:20:49 GMT -5
Having North African countries in EU would result in mass migration of black people to these countries = Easy to continue to Europe.
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Post by fannoli on Mar 7, 2008 11:08:05 GMT -5
^^Seriously, your a dumba$$. When did I say that Serbia produced oil for export. It has everything to do with the up and coming gas supplies. It has everything to do with which of Nubucco or Gazprom will have the greater market share. This will dictate who will build their pipeline thus giving one of the two a monopoly which will be hard to break. Since Gazprom has the greater amount of customers from Europe signed up, it is now viable to build its pipeline. Since its competitor can't get the necessary contracts, it now has viability problems in terms of building its pipeline. No customers means no money. Simple economics. Where does Serbia come into this? It will be one of the main transit hubs of the gs pipeline. It can charge what it likes in terms of transit tax, it will have its facilities upgraded to world standards. It will feed from Russia's market share meaning that those graphs you have produced are now redundant. Don't forget that the Germans have signed a deal with the Russians on guaranting its supplies long term. Your knowledge as you put it, isn't worth sh1t because it doesn't take into account whats happening now and in the near future. Try again bozo. Why bozo, because it reflects the clown that you are. Good knows what you took in during your economics class. I still dont see where Serbia comes into this-- and somehow its going to hold the cards to Europe. The difference is that i am a realist and you are well an idiot with lots of false optimism. Everybody has pipeline future plans even Albania and Kosovo transporting oil and gas from the Caucaus countries(the AMBO pipeline) to European market. Whats your freaking point? Why are you posting irrelevant articles about how Gazprom PLANS to be the largest company in the entire world within 10 years. Admit it Fender: Serbia is Russia's b***h and it has no political leverage on this matter or any card holding to make EU bow to its demand.
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