BG Group Q3 results

graeme at 9:53 a.m. Wed 28 Oct 2009

BG Group’s Q3 profits fell sharply, as was expected, on lower gas prices. The impact of prices is very clar from the top line, with a 32% drop in revenue on a 5% rise in volumes.

BG is expected to continue to grow in volume terms and, as with oil, prices in 2010 are expected to be better so the short term outlook is good. However, there is plenty on uncertainty about commodity prices so the sector bet is probably more important that which company you may pick.

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