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BWO- BW Offshore- tid for å høste?
oppside
26.08.2013 09:05
#1097

Fra Upstream
FPSO Papa Terra (P-63) on its way to the Field

Upstream reports Saturday that the FPSO P- 63 left the Macae yard on Friday, where it was docked for some additional work to comply with environmental regulations, and was headed for the field. The FPSO underwent upgrades at the yard in Ilha de Santana, Macae, to address a change in the underwater layout of the wells at Papa Terra. First oil is expected on the 23rd of October. We see this as a step towards closing the Papa Terra project and reducing remaining risk of Liquidated Damages due to late delivery of the vessel, as a change in underwater layout in our view would be seen as a change in scope.

Its time to harvest.
tomtank
26.08.2013 10:46
#1529

Kan selskapet overraske med 0,04 $ i utbytte? Jeg ser ikke bort fra det, hvis vi får et like bra kvartal som foregående og P-63 er under kontroll.
Quest
28.08.2013 16:46
#5761

Vel,ingen forventningens sus over aksjen siste dag før resultat.Virker som markedet er forsiktig skeptiske til hva som kommer ut imorgen,eksempelvis om det vil meldes om høyere kostnader ifm PT likevel.
Håper det sies noe om nye prosjekter i støpeskjeen, det trengs sikkert for å blåse litt mer liv i aksjen.
Tvi-tvi
oppside
29.08.2013 07:58
#1098

Det ble 3 cent utbytte, og det er meget bra !

9,6 % årlig utbytte på dagens kurs.

Det er ikke så mange på Oslo Børs som matcher dette .

Resten ser også stabilt og bra ut.
Siste avregning på PT er tatt, og den ble godkjent overlevert i juni. Den er på feltet nå, og first oil er ventet 23. oktober.

Over 8.- i dag ?

Its time to harvest :)
Quest
29.08.2013 08:43
#5762

Hegnar:"litt svakere enn ventet"
jaja,de forventningene. Her genereres cash så det griner,utbytte øker,ordet er som oppside sier-stabilt bra.
OldNick
29.08.2013 08:44
#14918

BW Offshore: Q2 2013 - Interim consolidated financial information

Børsmelding
29.08.2013

* EBITDA of USD 107.7 million in Q2 2013 and EBITDA of USD 224.7 million in 1H 2013
* Stable operations with an uptime of 99.6% in Q2 2013 and 98.9% in 1H 2013
* Papa Terra project (P-63) negative contribution of USD 14.8 million included in EBITDA
* Positive one off effects on the fleet of USD 10 million included in EBITDA
* USD 284.6 million financing facility agreement signed for FPSO Joko Tole
* Short term extension for FPSO Sendje Berge
* Dividend payment of USD 0.03 per share

Operating revenues for Q2 2013 amounted to USD 255.1 million, compared to USD 222.2 million in Q1 2013. EBITDA for Q2 2013 amounted to USD 107.7 million, compared to USD 117.0 million in Q1 2013. The decrease is mainly a result of negative contribution from the Papa Terra project by USD 14.8 million due to the revision of the forecasted cost for completing the project as a consequence of extended yard stay and additional work scope. On the positive side, certain one off positives from closure of various discussions with clients amounted to USD 10 million.

Operating profit for the quarter amounted to USD 41.5 million compared to USD 52.2 million in the previous quarter. Net profit amounted to USD 22.3 million for the quarter compared to USD 29.1 million in the previous quarter.

Total equity at 30 June 2013 amounted to USD 1,143.0 million. The equity ratio was 34.0% at the end of the quarter, up from 33.7% last quarter.

Total available liquidity as of 30 June 2013 amounted to USD 227.9 million.

Net debt amounted to USD 1,649,7 million at 30 June 2013, compared to USD 1,673.9 million at 31 March 2013.

Net cash inflow from operating activities was USD 95.9 million compared to USD 46.2 million in the previous quarter. Net cash outflow from investing activities was USD 21.3 million compared to cash outflow of USD 19.6 million in the previous quarter. The majority of this is related to capital expenditures for life extension on vessels which amounted to USD 21.8 million, compared to USD 19.8 million in the previous quarter. Net cash outflow from financing activities was USD 52.8 million compared to cash outflow of USD 26.5 million in the previous quarter. The main reason for the increase is that dividends for fourth quarter 2012 and first quarter 2013 were paid out during second quarter 2013.

OPERATIONS AND PROJECTS

BW Offshore`s fleet consists of 14 FPSOs and one FSO. All units experienced stable performance with an average uptime of 99.6% during the second quarter. BW Offshore also operates FPSO Peregrino. The unit is owned by Statoil and Sinochem, and is operating on the Peregrino oil field offshore Brazil.

During the quarter BW Offshore agreed a second short term extension for FPSO Sendje Berge with Addax Petroleum Exploration. The extension has been agreed to secure operational continuity while joint work to detail longer term program for investment and production is completed.

The Papa Terra (P-63) EPC project has been in QUIP`s Rio Grande yard in Brazil for final testing and commissioning since January 2013. The FPSO received certificate for substantial completion on 17 June 2013. Subsequently the FPSO was mobilised to be moored at an offshore location and is now awaiting instructions to further mobilise to the field by Petrobras.

OUTLOOK

The outlook for the energy market in general and FPSO business in particular remains good. Based on BW Offshore's products, geographical presence, scale and competence, the Company is well positioned to grow its core business.

Endret 29.08.2013 08:53 av OldNick
OldNick
29.08.2013 08:44
#14919

BW Offshore's cash flow from the operating units is secure and based on long term contracts with national and independent oil companies. The fleet of BW Offshore will continue to generate an increasing cash flow in the time ahead providing a sound basis for dividend payments as well as for further investments in new assets.

BW Offshore is currently evaluating several projects likely to meet the Company's financial targets. This includes both contract extensions for existing units, as well as contracts for new units and operations. BW Offshore expects to grow selectively and intends to see an improvement in the risk and reward balance for new FPSO projects. The company will carry on with the efforts to improve safety, efficiency, planning, disciplined execution and financial control.

The Board has declared a cash dividend of USD 0.03 per share for Q2 2013.

Please see the attachments for the full quarterly report and presentation.

For further information, please contact:

Knut R. Sæthre, CFO, +47 9111 7876 (Media)
Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322 (Investors/analysts)

BWO: Q2-2013 presentation (PDF)

BWO: Q2-2013 report (PDF)
______

Media:

Hegnar: BW Offshore overgikk forventningene på topplinjen

BW Offshore omsatte for over halvannen milliard kroner i andre kvartal. Det var bedre enn ventet.

Siri K. Vosgraff, HegnarOnline
29.08.2013


BW Offshore melder om et resultat etter skatt på 22,3 millioner dollar (134,8 millioner kroner) i 2. kvartal 2013, mot minus 47,6 millioner dollar i samme periode året før. Ifølge TDN Finans var det ventet et resultat på 25 millioner dollar.

Resultat per aksje ble 0,03 dollar, mot minus 0,07 dollar ved samme korsvei i fjor.

Resultatet før skatt ble 31,3 millioner dollar (189,2 millioner kroner), sammenlignet med minus 40,0 millioner dollar året før. Snittforventningene til analytikerne tilsa et resultat før skatt på 32 millioner dollar.

Driftsresultatet ble 41,5 millioner dollar (250,9 millioner kroner), mot minus 24,9 millioner dollar året før. Her hadde analytikerne ventet et resultat på 46 millioner dollar.

Driftsinntektene beløp seg til 255,1 millioner dollar (1.542,3 millioner kroner), sammenlignet med 222,5 millioner dollar i 2. kvartal 2012. Analytikernes forventninger lå her på 222 millioner dollar.

Endret 29.08.2013 08:53 av OldNick
OldNick
29.08.2013 10:18
#14921

Varsler bedre utbytte

BW Offshore har rom for bedre utbytte i tiden fremover


DN.no
29.08.2013

(BWO) Offshore skriver at de vurderer flere prosjekter som vil kunne møte selskapets finansielle mål, skriver selskapet i andrekvartalsrapporten.

- Prosjektene inkluderer kontraktsforlengelser for eksisterende enheter i tillegg til kontrakter for enheter og operasjoner», skriver (BWO).

- Flåten vil fortsette å generere en økende kontantstrøm i tiden fremover som vil gi fundament for utbyttebetaling og mulighet for ytterligere investeringer i nye eiendeler», skriver de.

Ifølge presentasjonsmateriale har selskapet finansiell kapasitet til å ta på seg et nytt lease-prosjekt.

Styret foreslår et utbytte på 0,03 dollar per aksje for andre kvartal, mot ventet 0,03 dollar.

Selskapet har økt kostnadene tilknyttet Papa Terra etter en gjennomgang av prosjektet med 14,8 millioner dollar i andre kvartal. EBITDA var også inklusive engangseffekter fra flåten på 10 millioner dollar.

BW Offshore resultat

(Tall i millioner kroner)

Andre kvartal 2013, Andre kvartal 2012, Ventet
Driftsinntekter/omsetning 255, 222, 222
Driftsresultat 42, -25, 46
Resultat før skatt 31, -40, 32
oppside
29.08.2013 11:00
#1099

Det må være mange gode, solide investeringsmuligheter på Oslo Børs, når det er så liten interesse for verdens nest største FPSO-selskap, som har god inntjening, enda bedre cash flow og som betaler utbytte på 9,6 %.
Stor ordrebok med solide motparter, og alt på kontrakt .( Azurite gir uansett fullt dekningsbidrag til 2016.)

Da får jeg bare sitte og høste mine 9,6 % til andre finner ut at det faktisk er fantastisk bra. Dagens kurs er et kupp.

Its still time to harvest :)
tomtank
29.08.2013 12:19
#1532

Her er vi helt og holdent på linje, oppside. Vil ellers tipse deg om NOF hvis du liker direkteavkastning. Fikk 0,05 $ der i går.
You never know
05.09.2013 08:02
#4398


BWO: BW OFFSHORE: MANDATORY NOTIFICATION OF TRADES

07:31




The following insiders of BW Offshore Limited have on Wednesday 4 September
2013 purchased shares in BW Offshore Limited.

Carl K. Arnet, CEO in BW Offshore, purchased 500,000 shares at NOK 7.36 per
share through his privately held company Kolbjørn Invest II AS. Following these
transactions, Mr. Arnet and his close associates, directly and indirectly, hold
7,293,081 shares in BW Offshore Limited.

Knut R. Sæthre, CFO in BW Offshore, purchased 14,533 shares at NOK 7.30 per
share. Following this transaction, Mr. Sæthre holds 610,001 shares in BW
Offshore Limited.

Ståle Andreassen, SVP Finance in BW Offshore, yesterday purchased 100,000 shares
at NOK 7.40 per share. Following this transaction, Mr. Andreassen holds 718,000
shares in BW Offshore Limited.

Kristian Flaten, VP IR & Corporate Finance in BW Offshore, purchased 10,000
shares at NOK 7.33 per share. Following this transaction, Mr. Flaten holds
85,000 shares in BW Offshore Limited.


For further information, please contact:
Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322

About BW Offshore:
BW Offshore is a leading global provider of floating production services to the
oil and gas industry. BW Offshore is the worlds second largest contractor with
a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide.
The company also operates additional 2 FPSOs. BW Offshore has a long track
record on project execution and operations, as well as a robust balance sheet
and strong financial capabilities. In more than 30 years of production, BW
Offshore has executed 38 FPSO and FSO projects. The company is listed on the
Oslo Stock Exchange. Further information is also available on www.bwoffshore.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1727398]
Quest
05.09.2013 08:20
#5764

Dette er store innsidekjøp relativ til eksponeringen de hadde fra før.
Vil anta at det ikke ventes dårlig nytt i tiden framover:)
tomtank
05.09.2013 09:09
#1539

Liker at ledelsen putter pengene der de preiker. Bra.
Villtotningen
05.09.2013 13:05
#5865

Er det noen som kjenner ex utbytte dato for pengene som skal betales ut etter 2Q ?
ErasmusMontanus
05.09.2013 13:55
#257

The Board has declared a cash dividend of USD 0.03 per share for the quarter. The shares will be traded ex-dividend as of 10 September 2013. The dividend will be payable on or about 19 September 2013 to shareholders of record on 12 September 2013.
Villtotningen
05.09.2013 14:02
#5866

Takker :-)
You never know
06.09.2013 07:54
#4399

BWO: BW OFFSHORE: MANDATORY NOTIFICATION OF TRADE

07:31




Stuart Bannerman, Chief Operating Officer (COO) in BW Offshore, yesterday
purchased 15,000 shares in BW Offshore Limited of NOK 7.59 per share. Following
this transaction, Mr. Bannerman holds 40,000 shares in BW Offshore Limited.

For further information, please contact:
Kristian Flaten, Vice President IR and Corporate Finance, +47 9509 2322


About BW Offshore:
BW Offshore is a leading global provider of floating production services to the
oil and gas industry. BW Offshore is the worlds second largest contractor with
a fleet of 14 FPSOs and 1 FSO represented in all major oil regions world-wide.
The company also operates additional 2 FPSOs. BW Offshore has a long track
record on project execution and operations, as well as a robust balance sheet
and strong financial capabilities. In more than 30 years of production, BW
Offshore has executed 38 FPSO and FSO projects. The company is listed on the
Oslo Stock Exchange. Further information is also available on www.bwoffshore.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


[HUG#1727631]







tomtank
09.09.2013 13:27
#1540

DNM tar BWO inn i porteføljen. Vær sikker på at det kommer en oppgradering av kursmålet på 8 kr relativt fort.
tomtank
10.09.2013 10:48
#1541

Går ex utbytte 18 øre idag, og holder seg bra. Tror vi bryter 8 ila kort tid.
Quest
10.09.2013 16:44
#5766

-2 øre ned på ex-utbytte dag
stor omsetning
sterk kjøperside
Ikke dårlig start på høstjakta dette!
tomtank
13.09.2013 17:28
#1544

JPM handler en del, og bidrar til den fine kurs utviklingen. Utbytte snart på konto. Fint å være BWO aksjonær for tiden.
tomtank
16.09.2013 10:44
#1545

Liker at JPM og ASC nettohandler, og NTF og NON nettoselger. Det borger for en fortsatt fin oppgang. Skal vel snart prises inn en høyere direkteavkastning.
OldNick
01.10.2013 22:06
#15063

Oppgraderer BW Offshore

DNB Markets har oppgradert BW Offshore til kjøp fra hold


TDN Finans, DN.no
30.09.2013

Meglerhuset har høynet kursmålet til 9,5 kroner per aksje fra 8 kroner. Det fremgår av en analyserapport mandag.

«I et marked med mer dempet optimisme for oljeservicesektoren generelt sett fremover mener vi BW Offshore tilbyr en attraktiv eksponering i form av høy langsiktig visibilitet på kontantstrømmen, og et betydelig utbyttepotensial», heter det.

DNB Markets tror selskapet kan vokse organisk ved hjelp av kontraktsforlengelser og omdisponering av flåten.

«Vi har oppjustert de estimerte verdiene av BW Pioneer, Azurite og Abo. Samtidig som vi venter at lengre kontraktsforlengelser for Sandje Berge og Abo vil kunne fungere som triggere for aksjen», heter det.
Quest
21.10.2013 18:41
#5781

Korreksjonen over. Kursestimater er tatt opp hos flere hus. Det er en stund siden 9-tallet nå.Forutsatt at det ikke dukker opp ubehagelige nyheter (les:pw)før resultatet,er vi der før den 21/11.Fortsatt fint å være BWO aksjonær,tomtank.
Quest
06.11.2013 19:05
#5784

Ingen som har hørt noe om "Papa Terra"?
Varsling på tema     Varsling på stikkord




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