Thursday, June 30, 2011

DailyMarkets.com - Walgreen Expands In Chicago

DailyMarkets.com - Walgreen Expands In Chicago


Walgreen Expands In Chicago

Posted: 30 Jun 2011 08:05 AM PDT

Leading retail pharmacy chain Walgreen Co. (NYSE:WAG) has recently launched a project called 'Chicago Hometown Investment Initiative', which is expected to offer approximately 600 new job opportunities in the city over the next couple of years and increase fourfold the number of food oasis stores of Walgreen (from 11 to nearly 50).
The company believes that the expansion of downtown office space for E-commerce, information technology and related areas will provide half of the jobs committed. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


CA Acquires ITKO

Posted: 30 Jun 2011 08:05 AM PDT

Information technology (IT) management software company, CA Inc. (CA) recently announced that it has acquired privately-held Interactive TKO, Inc for approximately $330 million in cash. The company is a leading provider of service simulation solutions for developing applications in composite and cloud environments.
This acquisition is expected to add a critical dimension to modern IT management and enhance the efficiency of the entire service delivery life cycle. In particular, the acquisition … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Zalicus Initiates SYNERGY Trial

Posted: 30 Jun 2011 07:35 AM PDT

by Jason Napodano, CFA
Phase 2b SYNERGY Initiated
Zalicus (ZLCS) announced it has initiated a phase 2b clinical trial evaluating Synavive for the treatment of rheumatoid arthritis (RA). The trial, SYNERGY (SYNavivE for Reducing signs and sYmptoms of rheumatoid arthritis trial), is a 12-week, 5-arm, double-blind, placebo-controlled study to evaluate the safety and efficacy of Synavive as a treatment for the signs and symptoms of rheumatoid arthritis (RA) in approximately 250 subjects with … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Red Robin CFO & CMO Resign

Posted: 30 Jun 2011 07:35 AM PDT

Colorado-based Red Robin Gourmet Burgers Inc (RRGB) recently announced that Katie Scherping will step down as its Chief Financial Officer (CFO) effective July 15, 2011. On the same day, Susan Lintonsmith will also resign from her post of Chief Marketing Officer (CMO). The company has begun the search for their successors.
Both Scherping and Lintonsmith played a key role in consolidating the future of the company. Scherping boasts an experience of more than 25 years in the field of finance, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Australian Dollar: The Downside Prevails

Posted: 30 Jun 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canadian Dollar: Key ST Resistance At 993

Posted: 30 Jun 2011 07:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Bonds Lose A Safety Net

Posted: 30 Jun 2011 07:18 AM PDT

Today’s Idea
Bonds have been a safe haven for investors in recent months, due to dimmer economic forecasts, weaker commodity prices and economic unrest in Europe. Some traders have become a bit more optimistic and may believe that the sell-off in commodities could be a bit overdone. The end of QE2 also removes the safety net and price support for the Bond market. Technically, Bonds have finally showed some chinks in their armor. Some traders may wish to consider entering into a bear put spread, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Apple Versus Samsung At ITC

Posted: 30 Jun 2011 07:05 AM PDT

Apple Inc. (AAPL) and Samsung will now fight it out at the International Trade Commission (ITC), after Samsung lodged patent infringement complaints against the U.S. based company, as reported by news agency Bloomberg.
Samsung claimed that Apple has infringed patents related to technology used in iPhone and iPad devices. Samsung is seeking a ban on imports of the devices containing the allegedly infringed technology.
Samsung also filed a law suit against Apple at the district court of Delaware, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Greek Government Passes Medium-Term Austerity Measures

Posted: 30 Jun 2011 07:05 AM PDT

The Greenback was mostly lower against the majors in the overnight as appetite for risk steered the market into higher yielding assets ahead of the last day of the Federal Reserve's quantitative easing program.
In fact, risk-seeking behavior was so prevalent that the Swiss Franc, arguably the world's safe haven currency since quantitative easing was announced in late August 2010, and especially since the European debt crisis has come to the forefront of the news cycle, was sold off across … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Remains Strong

Posted: 30 Jun 2011 07:00 AM PDT

06/30/11 Front month crude prices remained on the upside today following yesterday’s inventory-based rally and forex market … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market News Briefs: Arch Coal, AnnTaylor Stores, Campbell Soup Company, Credit Suisse Group, Dynex Capital, Hewlett-Packard Company, KB Home, Microsoft, Oracle, VeriSign, Western Alliance Bancorporation

Posted: 30 Jun 2011 06:55 AM PDT

    Share prices of Campbell Soup Co. (NYSE:CPB) gained 2.79% after the company's decision to axe 770 employees of the company globally was given the green signal by its investors. Campbell Soup also announced it was shutting down a plant in Russia

    VeriSign, Inc’s (NASDAQ:VRSN) share prices climbed 2.52% to $33.57 after the company extended its agreement to continue to operate the .NET application for another six years

    Share prices of software … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Autodesk Reaffirms Outlook

Posted: 30 Jun 2011 06:55 AM PDT

In the recently concluded investor meeting, Autodesk Inc. (NASDAQ:ADSK) reiterated its second quarter 2012 and fiscal 2012 guidance, supported by the steady growth in demand for its products.
Autodesk in the recently concluded quarter had witnessed strong revenue growth across all segments and markets. Revenues not only beat the Zacks Consensus Estimate but also surpassed management's guidance range. Earnings per share (EPS) came in line with the Zacks Consensus Estimate.
Autodesk witnessed … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


McGraw-Hill’s Share Buyback Program

Posted: 30 Jun 2011 06:55 AM PDT

The McGraw-Hill Companies Inc. (NYSE:MHP) in its attempt to optimize its shareholders' return, announced a new share repurchase program, following the previous $45 million program that commenced in January 2007.
The newly announced program authorizes the company to buy back up to $50.0 million or 17% of its common stock through open market or private transactions. In the current fiscal, McGraw-Hill has repurchased 7.7 million shares and had approximately 700,000 shares left at its disposal under … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil Futures Trim Losses After U.S. Jobless Data

Posted: 30 Jun 2011 06:53 AM PDT

Forex Pros – pros &ndash; Crude oil futures trimmed losses on Thursday, briefly rising above USD95 a barrel after official data showed that the number of people who filed for unemployment assistance in the U.S. last week declined, while weakness in the U.S. dollar supported prices.<br /><br />On the New York Mercantile Exchange, light, sweet crude futures for delivery in August traded at USD94.95 a barrel during European morning trade, edging 0.13% … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Chicago PMI Jumps Unexpectedly In June

Posted: 30 Jun 2011 06:52 AM PDT

Forex Pros – pros &ndash; Manufacturing activity in the Chicago area rose unexpectedly in June, posting 21 consecutive months of growth, industry data showed on Thursday.<br /><br />In a report, market research group Kingsbury International said its Chicago purchasing managers&rsquo; index rose to a seasonally adjusted 61.1 in June from 56.6 in May.<br /><br />Analysts had expected the index to decline to 54.0 in June.<br /><br />On the index, a … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: AUDUSD. Watching The Technicals As Momentum Slows

Posted: 30 Jun 2011 06:44 AM PDT

The AUDUSD has been on a run to the upside over the last few days . The price is showing some signs of slowing today which may be indicative of at least a pause in the trend. The 100 bar MA on the 5 minute chart has turned sideways and the 200 bar MA on the same chart is flattening. This after a strong run which has seen limited corrective moves. 
Keeping the bears at bay, however, is the price has tested the 200 bar MA in early NY session and bounced. The price bounced off that … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


FDA Panel Gives View On Avastin

Posted: 30 Jun 2011 06:35 AM PDT

Roche Holdings Ltd. (RHHBY) recently announced that the US Food and Drug Administration's (FDA) Oncologic Drugs Advisory Committee (ODAC) has recommended that the agency should withdraw its approval for the use of Avastin (bevacizumab) in combination with paclitaxel in previously untreated (first-line) HER2-negative metastatic breast cancer. The FDA Commissioner will take a final call on this matter.
However, the recommendation is not expected to impact other indications of the drug. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Jobless Claims Remain High

Posted: 30 Jun 2011 06:35 AM PDT

The positive momentum in the stock market over the last few days reflected growing expectations of a positive outcome for the Greek story. Wednesday’s successful parliamentary vote, to be followed by another vote today, paves the way for the beleaguered nation to get the funding lifeline from the EU/IMF combine.

Hardly anyone expects this to be the end of Greece’s troubles. But it nevertheless removes the threat of an imminent default and the associated fear of global financial contagion. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Relief Rally Continues

Posted: 30 Jun 2011 06:33 AM PDT

The fact that a meteoric plunge towards default has been staved off for three more months has equally encouraged some optimism that the world’s leading economy might soon pick-up. At the least, say optimists, the positive turn for the fate of Greece is one less reason to be bearish on the outlook for the United States. Risk aversion has consequently tapered off. Benchmark equity indices are striding forward from a dip in to the red for the year. Bond yields are rising from a seven-month low and … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CAD Pares Losses After Canada GDP Data

Posted: 30 Jun 2011 06:31 AM PDT

Forex Pros – pros &ndash; The U.S. dollar pared losses against its Canadian counterpart on Thursday, easing off a six-week low after official data showed that Canada&rsquo;s gross domestic product was flat in April.<br /><br />USD/CAD hit 0.9646 during U.S. morning trade, the pair&rsquo;s lowest since May 20; the pair subsequently consolidated at 0.9670, shedding 0.28%.&nbsp; <br /><br />The pair was likely to find support at 0.9639, the low of May 20 … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Swiss Franc: The Downside Prevails

Posted: 30 Jun 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Japanese Yen: Under Pressure

Posted: 30 Jun 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Euro: Under Pressure

Posted: 30 Jun 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


British Pound: Caution

Posted: 30 Jun 2011 06:18 AM PDT

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: USDCHF Surges To New Day/week Highs

Posted: 30 Jun 2011 06:17 AM PDT

… [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


GBP/USD: Clear-out And Negative Reversal Signal Targets 1.58

Posted: 30 Jun 2011 06:15 AM PDT

GBP/USD Testing the 1.6050-1.6090 Resistance Zone
GBP/USD

- There was a strong attack at the 1.6090-1.61 resistance area in the GBP/USD. This is also coincident with a declining channel resistance.
- A break above was weak, and capped at 1.6118.
- The bearish candle that followed was an sharp engulfing type, signaling that the breakout was actually a clear-out. This shows strength in the opposite direction of the breakout.
- Also, you can observe a negative reversal signal in the RSI. It did … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Morning Market Brief

Posted: 30 Jun 2011 01:15 AM PDT

06/30/11 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/JPY Drifts Lower As Greece Relief Rally Ebbs

Posted: 30 Jun 2011 06:14 AM PDT

Forex Pros – pros &ndash; The euro drifted lower against the yen on Thursday, as a relief rally sparked by Greece&rsquo;s acceptance of a harsh austerity package aimed at averting the euro zone&rsquo;s first sovereign debt default ebbed.<br /><br />EUR/JPY hit 116.13 during European afternoon trade, the daily low; the pair subsequently consolidated at 116.36, slipping 0.21%.<br /><br />The pair was likely to find support at 113.82, Tuesday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BJ’s Approved The Buyout Offer

Posted: 30 Jun 2011 06:05 AM PDT

After keeping the market guessing about the future prospects of the company, BJ's Wholesale Club Inc. (NYSE:BJ) recently announced that its board of directors has approved the $2.8 billion buyout offer of Leonard Green & Partners and CVC Capital Partners.
Going with the approval, BJ's entered into conformity regarding the buyout offer of Leonard Green & Partners and CVC Capital Partners. Leonard Green had around 9.5% stake in the company and the acquisition of BJ's will be the latest … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


TransDigm Updates FY11 Outlook

Posted: 30 Jun 2011 06:05 AM PDT

TransDigm Group Incorporated (NYSE:TDG) provided its updated fiscal 2011 revenues and EBITDA guidance at its annual investors meeting. EBITDA outlook for the year was increased at both the ends whereas revenue guidance surged at the lower level but plunged at the upper level.
The revision of the guidance was done on the basis of prevailing market conditions and excluded the effect of any prospective acquisitions or divestitures.
As per the revised outlook, the company changed its revenues from … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Court Ruling Boosts Gaming Industry

Posted: 30 Jun 2011 06:05 AM PDT

The gaming industry heaved a sigh of relief after the U.S Supreme Court turned down a California law that prevented minors (below 18 years of age) from buying violent videogames, referring to the ban as an unconstitutional infringement on speech rights.
Publishers were relieved as this favorable verdict bolsters their position at a time when the gaming industry is already reeling under sales pressure, which is evident from the monthly industry sales reviews.
According to the NPD data, US retail … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Canada GDP Flat In April

Posted: 30 Jun 2011 05:51 AM PDT

Forex Pros – pros &ndash; Canada’s gross domestic product was unexpectedly flat in April, official data showed on Thursday.<br /><br />In a report, Statistics Canada said gross domestic product was unchanged in April, after advancing by a seasonally adjusted 0.3% in March. <br /><br />Analysts had expected Canada&rsquo;s GDP to contract by 0.1% in April.&nbsp;&nbsp; <br /><br />Canada&rsquo;s economy grew at an annualized rate of 2.8% in … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex Trading: EURUSD Tests Yesterday’s Ceiling At 1.4447 (and Other Levels) And Bounces

Posted: 30 Jun 2011 05:50 AM PDT

YEsterday, there was a ceiling at the 1.4447 level. Today, the level also corresponds with the 38.2% of the last leg higher for the pair and also is near what is channel trendling support. Holding the level and bouncing off of it keeps the bullish bias in place for the EURUSD.
The Implementation vote from the Greece parliament (largely expected to pass) is due in the next half hour or so. The Initial Claims data in the USA continue to disappoint. This – along with Trichet "strongly … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Futures Maintain Gains After Jobs Data; Dow Up 0.25%

Posted: 30 Jun 2011 05:41 AM PDT

Forex Pros – pros &ndash; U.S. stock futures pointed to a modestly higher open on Thursday, as Greece&rsquo;s parliament prepared to vote on legislation to implement the EUR28.4 billion, five-year austerity package approved in Wednesday&rsquo;s vote.<br /><br />Dow Jones Industrial Average futures pointed to a gain of 0.25%, the S&amp;P 500 futures advanced 0.27%, while Nasdaq 100 futures indicated a 0.35% increase.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


U.S. Initial Jobless Claims Fall Less-than-expected

Posted: 30 Jun 2011 05:38 AM PDT

Forex Pros – pros &ndash; The number of people who filed for unemployment assistance in the U.S. last week declined less-than-expected, official data showed on Thursday. <br /><br />In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending June 24 declined by 1K to a seasonally adjusted 428K, after rising by 429K in the previous week, disappointing expectations for a decline to 420K. <br /><br … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Tellabs Wins OTS Contract

Posted: 30 Jun 2011 05:35 AM PDT

Tellabs Inc. (NASDAQ:TLAB) was recently awarded a big contract to supply its 7100 Nano Optical Transport System (OTS) for the nationwide deployment of fiber optic network of the French broadband internet service provider (ISP) CELESTE. The ISP is at present in the process of installing a 4,000 kilometers long fiber optic network in France. Tellabs 7100 Nano OTS will enable CELESTE to offer more bandwidth-prone services in a cost effective manner. Tellabs claims its 7100 OTS platform is capable of … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


EUR/USD Channeling Upwards; Now Testing Triangle Resistance

Posted: 30 Jun 2011 05:31 AM PDT

EUR/USD

- The EUR/USD is seen in the 1H chart channeling upwards, capped at 1.4520.
- The momentum shows bullish momentum, and the fact that the market is above  200 SMA that is heading north also reflects a bullish market.
- This bullish momentum in the short-term is in line with the bullish momentum maintained in the long-term shown in the daily chart, where the RSI remains above 40 after establishing bullish momentum by breaking above 70.
- Being stuck between 40 and 60, the daily RSI … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


German Banks On Board For Rollover, Retail Sales Fall, Total Unemployed Falls Below 3 Million

Posted: 30 Jun 2011 05:30 AM PDT

The Euro continued its advance in today's session, rallying as high as 1.4218 at the start of the NY session. We continue to have the relief rally this week as Greece has passed its first and main austerity vote before a second vote later today on implementation.
The EUR/USD managed to break through the highs from the last two weeks, and may now be targeting the 1.47 are, the highs we hit in early June.
In the beginning of the week we had positive news from France in that French … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – Dollar Broadly Lower As Greece Vote, U.S. Data Eyed

Posted: 30 Jun 2011 05:20 AM PDT

Forex Pros – The U.S. dollar remained broadly lower against its major counterparts on Thursday, but trimmed losses against the euro ahead of a Greek vote on legislation to implement fresh austerity measures and the release of U.S. jobs data.<br /><br />During European afternoon trade, the greenback was lower against the euro, with EUR/USD easing up 0.11% to hit 1.4450.<br /><br />Earlier in the day official data showed that German retail sales fell unexpectedly in May, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Trims Losses Ahead Of Greek Vote, U.S. Data

Posted: 30 Jun 2011 05:07 AM PDT

Forex Pros – pros &ndash; The pound trimmed losses against the U.S. dollar on Thursday, pulling back from the daily low ahead of Greece&rsquo;s expected final approval of legislation implementing austerity measures and the release of U.S. jobs data.<br /><br />GBP/USD pulled back from 1.5972, the daily low, to hit 1.6012 during European afternoon trade, still down 0.30% on the day.<br /><br />Cable was likely to find support at 1.5910, Tuesday&rsquo;s low … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Mobile Wi-Fi Hotspot Thriving

Posted: 30 Jun 2011 05:05 AM PDT

The mobile Wi-Fi hotspot market is expected to become a multi-billion USD opportunity within the next few years. Wi-Fi connectivity is likely to become a huge opportunity for communications service providers. Several industry sources predicted that Wi-Fi enabled wireless devices like phone, computer, and consumer electronics may cross one billion by 2012. In addition to retail consumers, the business enterprises are likely to become major contributor for the growth of mobile Wi-Fi hotspot.
The … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Pares Gains As Second Greek Vote Ahead

Posted: 30 Jun 2011 04:29 AM PDT

Forex Pros – pros &ndash; The euro pared gains against the U.S. dollar on Thursday, but remained well supported ahead of a Greek vote on legislation to implement the EUR28.4 billion, five-year austerity package approved in Wednesday&rsquo;s vote.<br /><br />EUR/USD pulled back from 1.4521, the pair&rsquo;s highest since June 10 to hit 1.4471 during European early afternoon trade, still up 0.25% on the day.<br /><br />The pair was likely to find support at … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Crude Oil, Gold May Stall To Digest Gains But Setup Favors Gains

Posted: 30 Jun 2011 04:08 AM PDT

Commodities – Energy
Crude Oil Stalls After Clearing Key Resistance
WTI Crude Oil (NY Close): $94.77 // +1.88 // +2.02%
With the Greek austerity plan vote now in the rearview mirror, a bit of consolidation and correction seems reasonable after several days of intense volatility. S&P 500 stock index futures seem to be pointing to just that, trading relatively flat ahead of the opening bell on Wall Street and pointing to neutral risk sentiment over the day ahead.
The lull may be short-lived … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Soybeans Futures Pare Gains Ahead Of USDA Report

Posted: 30 Jun 2011 03:40 AM PDT

Forex Pros – pros &ndash; Soybean futures pared gains on Thursday, pulling back from a daily high as markets awaited the release of a key monthly report on U.S. and global grain supplies.&nbsp;&nbsp;&nbsp;&nbsp; <br /><br />On the Chicago Mercantile Exchange, soybean futures for August delivery traded at USD13.2788 a bushel during European morning trade, gaining 0.25%.&nbsp; <br /><br />It earlier rose as much as 0.85% to trade at a daily high … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/CHF Dips In Aftermath Of Greek Austerity Vote

Posted: 30 Jun 2011 03:24 AM PDT

Forex Pros – pros &ndash; The U.S. dollar dipped against the Swiss franc on Thursday, remaining within striking distance of the pair&rsquo;s all-time low after Greece moved a step closer to securing international aid after voting in favor of austerity measures.<br /><br />USD/CHF hit 0.8306 during European morning trade, the daily low; the pair subsequently consolidated at 0.8339, dipping 0.06%.<br /><br />The pair was likely to find support at 0.8274, … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


BG Group Doubles Reserves And Resource Potential Of Santos Basin Interests

Posted: 30 Jun 2011 12:55 AM PDT

BG Group (LON:BG.), the FTSE 100 gas giant, has issued a significant upgrade for its interests in the pre-salt Santos Basin, offshore Brazil. The company is now estimating mean total reserves and resources to be some 6 billion barrels of oil equivalent (boe) net, with an upside potential of 8 billion boe net. The upgrade represents a doubling of BG's previous best estimate of 3 billion boe, which was published in February 2010. The news pushed the BG share price up by 5% to 1417.5p in early … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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