Newspaper article The Evening Standard (London, England)


Newspaper article The Evening Standard (London, England)


Article excerpt



Morgan Stanley has named oil and gas group BG as a buy and one of its "top picks in Europe". The bank reports that the current turmoil in the sector is detracting from BG's success as "the stand-out resource growth story in the sector". It notes that BG outperformed the sector by between 7% and 19% in its previous four strategy updates and expects another confident outlook from what it considers the best management team in the European oil industry. Morgan Stanley's analysts forecast that the valuation of BG will grow, although the main challenges remains access to resources. BG's shares were today up 39p to 909p.



Citigroup has rated Hochschild mining group as a sell as it forecasts mine closures and project delays in the coming year. The bank notes that 2008 production of silver and gold was broadly in line with predictions.

Its analysts report, however, that while they can see longer-term value in greenfield developments and in consolidating its regional projects, its growth plans will have to be put on hold due to the current economic climate. …

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