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    TGS-NOPEC Geophysical Company ASA (TGS) Ordinary General Meeting Held - 500 Beiträge pro Seite | Diskussion im Forum

    eröffnet am 11.06.12 14:30:32 von
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    TGS
    ISIN: NO0003078800 · WKN: 919493
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      Avatar
      schrieb am 11.06.12 14:30:32
      Beitrag Nr. 1 ()
      ASKER, NORWAY (05 June 2012) - The Ordinary General Meeting of TGS was held on 5 June 2012.  All resolutions proposed were approved by the shareholders.The Ordinary General Meeting approved the payment of a dividend of NOK 6 per share of …

      Lesen sie den ganzen Artikel: TGS-NOPEC Geophysical Company ASA (TGS) Ordinary General Meeting Held
      Avatar
      schrieb am 11.06.12 14:30:32
      Beitrag Nr. 2 ()
      Scheint eine interessante Bude zu sein; habe mir mal ein paar Ansichtsstücke geholt
      Avatar
      schrieb am 05.12.12 15:06:50
      Beitrag Nr. 3 ()
      Avatar
      schrieb am 14.12.12 10:33:09
      Beitrag Nr. 4 ()
      Published: 07:50 CET 13-12-2012 /Thomson Reuters /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      TGS Commences 3D Multi-client Seismic Survey Offshore Northwest Australia

      PERTH, AUSTRALIA (13 December 2012) - TGS has commenced acquisition of a 3D multi-client seismic survey, The Three Bears, which covers 460 km2 in the Carnarvon Basin, offshore NW Australia.

      This survey is located adjacent to the Clio and Gorgon gas fields which are currently in the development stage. Upon completion of this survey, the TGS portfolio of 3D multi-client coverage will exceed 17,500 km2 in this highly prospective area offshore Australia. TGS is also reprocessing the Cazadores survey which covers 4,350 km2 of the Exmouth Plateau region.

      The new seismic data is being acquired by the M/V Geo Caspian. Data processing will be performed by TGS and will be available to clients in Q2 2013.

      The survey is supported by industry funding.
      Avatar
      schrieb am 14.12.12 10:33:32
      Beitrag Nr. 5 ()
      Published: 07:50 CET 14-12-2012 /Thomson Reuters /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      TGS Announces 3D Multi-client Survey in Gulf of Mexico

      HOUSTON (14 December 2012) - TGS commences a 3D multi-client survey covering 7,000 km2 in the Central Gulf of Mexico.

      The survey, Amerigo 3D, is located in the eastern side of the Central Gulf of Mexico through the Lloyd Ridge, Desoto Canyon and Atwater Valley areas.

      "We are pleased to extend our 3D coverage in the Central Gulf of Mexico. This survey enables TGS to leverage our existing adjacent 3D data while utilizing12,000 meter offsets to allow for a deeper image in this attractive play. Industry support of the new survey indicates increasing interest to explore in this region," commented Rod Starr, Senior VP Western Hemisphere for TGS.

      The seismic data is being acquired by a Fugro C-class vessel and will be complete Q2 2013. Data processing will integrate the new Amerigo data with TGS' modern, adjacent 3D data and apply TGS' newest broadband processing technology, Clari-Fi(TM). Preliminary data will be available to clients Q3 2013.

      The survey is supported by industry funding.

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      schrieb am 07.02.13 08:55:14
      Beitrag Nr. 6 ()
      Published: 07:50 CET 07-02-2013 /Thomson Reuters /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      TGS Announces Record Revenues of 281 MUSD and a Proposed Dividend of NOK 8 per Share

      ASKER, NORWAY (7 February 2013) - TGS reports net revenues of USD 281.4 million in Q4 2012, compared to USD 180.9 million in Q4 2011, a 56% increase. The Company's operational multi-client investments were USD 95.3 million, up 56% from Q4 2011. TGS' net late sales totaled USD 203.7 million, up 29% from Q4 2011.

      At the meeting held on 6 February 2013, the TGS Board of Directors decided to propose a dividend of NOK 8 per share to the shareholders at the June 2013 Annual General Meeting.

      4th QUARTER HIGHLIGHTS

      Consolidated net revenues were USD 281.4 million, an increase of 56% compared to Q4 2011.
      Net late sales totaled USD 203.7 million, up 39% from Q4 2011.
      Net pre-funding revenues were USD 65.0 million, up 115% from Q4 2011, funding 68% of the Company's operational multi-client investments during Q4 (investments of USD 95.3 million, up 56% from Q4 2011).
      Proprietary revenues were USD 12.7 million, compared to USD 4.5 million in Q4 2011.
      Operating profit (EBIT) was USD 117.9 million (42% of net revenues), compared to USD 62.7 million (35% of net revenues) in Q4 2011.
      Cash flow from operations was USD 243.4 million, up from USD 189.4 million in Q4 2011.
      Earnings per share (fully diluted) were USD 0.81, compared to USD 0.43 in Q4 2011.


      FULL YEAR 2012 FINANCIAL HIGHLIGHTS

      Consolidated net revenues were USD 932.2 million, an increase of 53% compared to 2011.
      Net late sales from the multi-client library totaled USD 563.8 million, up 34% from USD 419.5 million in 2011.
      Net pre-funding revenues were USD 338.2 million, up 129% from 2011, funding 68% of the Company's operational multi-client investments during 2012 (investments of USD 496.2 million, up 79% from 2011).
      Proprietary revenues were USD 30.3 million, compared to 41.7 million in 2011.
      Operating profit (EBIT) was USD 402.3 million (43% of net revenues), compared to USD 240.4 million (40% of net revenues) in 2011.
      Cash flow from operations was USD 663.4 million, an increase of 36% from USD 486.7 million in 2011.
      Earnings per share (fully diluted) were USD 2.76 compared to USD 1.65 for the same period in 2011.
      "As announced at our 2013 guidance release on 8 January 2013, Q4 2012 was another record breaking quarter for TGS. We are particularly pleased to see that our existing library continues to perform well with late sales up 39% from Q4 2011," TGS' CEO Robert Hobbs stated. "Our pipeline of new investment opportunities continues to be strong in both traditional as well as new multi-client markets for TGS. The 2013 guidance therefore reflects a strong seismic market providing good opportunities for profitable growth."
      Avatar
      schrieb am 08.07.13 08:34:22
      Beitrag Nr. 7 ()
      Published: 07:50 CEST 08-07-2013 /Thomson Reuters /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      TGS Market Update

      ASKER, NORWAY (8 July 2013) - Based on current and forecasted activity levels, TGS expects annual multi-client investments and prefunding levels to be slightly lower than originally communicated in January 2013. Multi-client investments in Q2 are expected to be approximately USD 110 million corresponding to USD 236 million year to date. The Q2 investments had an average pre-funding ratio of 39% (42% year to date). Based on a review of the investment plans for the remainder of the year, TGS expects total investments of USD 520 - 590 million with a pre-funding ratio of 40% - 50%. Originally the guidance was investments of USD 530 - 600 million with average pre-funding of 50% - 60%. As a result of the revised investment plan, net revenues for 2013 are expected to be USD 920 - 1000 million.

      Net revenues in Q2 are expected to be USD 210 million, reflecting continued strong demand for the TGS data library.

      The revised guidance is as follows:

      Multi-client investments 520 - 590 MUSD
      Average pre-funding 40 - 50%
      Average multi-client amortization rate 40 - 46%
      Net revenues 920 - 1000 MUSD
      Contract revenues approximately 5% of total revenues
      The full 2nd quarter earnings release is scheduled for 1 August 2013.
      2 Antworten
      Avatar
      schrieb am 06.12.13 22:41:40
      Beitrag Nr. 8 ()
      Antwort auf Beitrag Nr.: 44.999.895 von R-BgO am 08.07.13 08:34:22Der Wert ist ja ganz schön unter die Räder gekommen. Wie schätzt Du die langfristigen Perspektiven ein? Können die noch deutlich wachsen? Die Dividende ist ja ganz gut.
      1 Antwort
      Avatar
      schrieb am 13.12.13 09:25:06
      Beitrag Nr. 9 ()
      Der Frankfurter Aktienfonds für Stiftungen hat kürzlich die Aktie gekauft. Gehört zu den zehn größten Positionen.

      http://www.finanzen.net/fonds/Frankfurter_Aktienfonds_fuer_S…
      Avatar
      schrieb am 13.12.13 12:20:14
      Beitrag Nr. 10 ()
      „Diese Spezialisten werden unter der Hand auch immer wieder als Übernahme-Kandidaten genannt“, so Häcker.
      http://www.handelsblatt.com/finanzen/zertifikate/nachrichten…

      Bin seit gestern mit dabei. Sieht doch mittlerweile sehr günstig aus das Unternehmen. Vieleicht war die Eröffnung heute Morgen in Oslo mit 138,90NOK das Ende des Ausverkaufs.
      Avatar
      schrieb am 14.12.13 22:30:08
      Beitrag Nr. 11 ()
      Bin auch dabei. Vielleicht wird nur das eine Jahr schlecht und es geht danach wieder aufwärts. Die Kapitalrenditen und Cashflowgenerierung sieht ja ganz gut aus.
      Avatar
      schrieb am 27.12.13 13:58:18
      Beitrag Nr. 12 ()
      Antwort auf Beitrag Nr.: 46.000.044 von Lacantun am 06.12.13 22:41:40habe jetzt auch nochmal aufgestockt, um mich in Zukunft zu häufigerem Hinsehen zu erziehen...


      "stark wachsen" - weiß ich nicht, aber selbst ohne Wachstum sehen die ISt-Zahlen für mich sehr attraktiv aus und das Geschäftsmodell ist plausibel

      warum die Bewertung so zurückgekommen ist, verstehe ich nicht, macht kein gutes Bauchgefühl
      Avatar
      schrieb am 09.01.14 10:29:22
      Beitrag Nr. 13 ()
      Published: 08:00 CET 09-01-2014 /Thomson Reuters /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      TGS 2014 Guidance

      ASKER, NORWAY (9 January 2014) - TGS announces 2014 full year guidance today.

      The guidance is as follows:

      Multi-client investments 390 - 460 MUSD
      Average pre-funding 45 - 55%
      Average multi-client amortization rate 40 - 46%
      Net revenues 870 - 950 MUSD
      Contract revenues approximately 5% of total revenues

      To access a presentation on the guidance via webcast go to the company website at www.tgs.com
      Avatar
      schrieb am 09.01.14 10:30:47
      Beitrag Nr. 14 ()
      Published: 07:30 CET 09-01-2014 /Thomson Reuters /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      TGS Q4 2013 Update

      ASKER, NORWAY (9 January 2014) - Based on preliminary reporting from operating units, TGS management expects net revenues for the fourth quarter of 2013 to be approximately USD 270 million, bringing total estimated net revenues for 2013 to approximately USD 882 million. The company has previously guided full year revenues of USD 810 - 870 million, and the positive deviation is mainly caused by record high late sales in the fourth quarter.

      Multi-client investments for the fourth quarter are expected to be approximately USD 90 million, to reach full year investments of approximately USD 437 million.

      Management will give a full report of Q4 results on 6 February 2014.
      1 Antwort
      Avatar
      schrieb am 09.01.14 14:21:25
      Beitrag Nr. 15 ()
      Antwort auf Beitrag Nr.: 46.189.181 von R-BgO am 09.01.14 10:30:47schätze jetzt mal das Nettoergebnis für 2013 auf 260 MUSD, also knapp 10% weniger als VJ
      Avatar
      schrieb am 06.02.14 09:12:39
      Beitrag Nr. 16 ()
      269 Mio USD, und rd. ein Euro Dividende

      http://www.tgs.com/uploadedFiles/Investor_Relations_Zone/For…
      2 Antworten
      Avatar
      schrieb am 07.02.14 12:35:19
      Beitrag Nr. 17 ()
      Antwort auf Beitrag Nr.: 46.388.944 von Schubu am 06.02.14 09:12:39bin zufrieden;

      wundere mich nur immer noch, wie ein scheinbar so überlegenes Geschäftsmodell nicht höher bewertet wird, irgendwo muss doch ein Haken sein, oder?
      1 Antwort
      Avatar
      schrieb am 07.02.14 14:22:43
      Beitrag Nr. 18 ()
      Antwort auf Beitrag Nr.: 46.399.476 von R-BgO am 07.02.14 12:35:19Suche auch noch den Haken, der die niedrige Bewertung rechtfertigen könnte.
      Vielleicht befürchtet Mr. Market, dass die Ölfirmen zukünftig weniger in die Aufsuchung, Erschließung neuer Ölfelder investieren könnten. Die Investitionen der letzten Jahre waren schon enorm, auch deswegen der Gewinneinbruch bei den Ölmultis. Shell z.B. läßt das mit der Arktis erstmal und wartet auf höhere Rohölpreise. Exxon hingegen will antizyklisch mehr investieren.
      Meiner Ansicht nach bleibt den Ölfirmen gar nichts anderes übrig als stetig, trotz immer teurer werdener Projekte zu investieren. Sollten die Ölpreise allerdings wg. Krise, also weniger Nachfrage, längere Zeit fallen, hat die Explorationsbranche erstmal weniger zu tuen.
      Avatar
      schrieb am 10.02.14 15:52:26
      Beitrag Nr. 19 ()
      Der Haken ist einfach: Offshore ist gerade ot, Fracking ist in.
      Nicht gut für einen Offshore-Spezialisten.
      Avatar
      schrieb am 17.02.14 10:08:36
      Beitrag Nr. 20 ()
      Moin in die Runde!

      Ich bin jetzt auch in den Wert eingestiegen. Freue mich hier über konstruktive Diskussionen. Als Anregung hier eine Zusammenstellung meiner Gründe für einen Einstieg:

      - Geschäftsmodell: Das "Multi-License"-Geschäftsmodell, bei dem das Unternehmen nicht für die exklusvie Datengewinnung von einem Explorer bezahlt wird und die Rechte an den Messdaten an den Explorer übergehen, sondern wo die Daten im Besitz des Messdienstes bleiben und sich zu einer mächtigen Bibliothek anhäufen können, gefällt mir. Die Erfolge sprechen auch für sich:
      - 15% Gemitteltes Umsatzwachstum per anno in den letzten 10 Jahren
      - Globaler Marktanteil von 6% in 2004 auf 11% in 2012 gestiegen
      - Max. temporärer Umsatzrückgang in den letzten 10 Jahren: 20%
      - stabil hohe Umsatzmarge von durchschn. 29%, kein Verlustjahr in den letzten 10 Jahren.

      - Entkopplung von Branchenzyklik 1: Durch den Verzicht auf eigene Schiffe bindet TGS relativ wenig Kapital, ist entsprechend auch weniger stark verschuldet und entkoppelt sich in starkem Maß von der teils sehr starken Branchenzyklik. In konjunkturell schwachen Phasen (wie jetzt) zahlt man deutlich weniger Geld für das Leasing von Messschiffen, in konjunkturell starken Phasen zahlt man deutlich mehr Geld für Leasing. Im Ergebnis konnte TGS die Umsatzmarge stark von der Konjunktur entkoppeln und relativ stabil im sehr profitablen Bereich halten.

      - Entkopplung von Branchenzyklik 2: Ein relevanter Teil des Geschäfts fällt im Rahmen der Linzenzvergabe an. Staaten schreiben neue Lizenzen aus, Unternehmen möchten herausfinden, was sich lohnt. Dafür werden geologische 2D- oder 3D-Untersuchungen benötigt.
      Diese Lizenzen werden auf sehr lange Zeiträume vergeben und von den Nationalstaaten angesetzt, nicht (bzw. weniger) von der Explorerbranche. Ergebnis: Die temporären Umsatzrückgänge betrugen maximal 18% (2009 auf 2008).

      - Günstiger Preis 1: Offshore-Exploration ist gerade unpopulär, das Geld zieht lieber zu Fracking. Mittel- und langfristig sehe ich aber das Offshore-Wachstum ungebrochen, daher freut mich die Kursschwäche

      - Günstiger Preis 2: TGS Nopec hat in 2013 zwei Mal die Umsatzprognose gesenkt. Das mögen Aktionäre nicht. Verständlich.
      Der Jahresumsatz 2013 wurde letztlich doch nicht so schlecht und der Ausblick für 2014 gefällt mir auch. Diese beiden Punkte waren mir wichtig, daher Einstieg erst jetzt.

      Für meine Einschätzung hilfreiche Quellen, vorzugsweise Blogs:
      Positiv: 27.11.2013, Value & Opportunity: http://valueandopportunity.com/2013/11/27/tgs-nopec-isin-no0…
      29.11., dänisch, Nortnet: http://www.nordnetbloggen.dk/hvem-er-vinderen-indenfor-geofy…
      08.12.2013, Harumy Toyama: http://www.valuewalk.com/2013/12/haruki-toyama-marcus-asset-…
      21.12.2013, schwedisch: http://smabolagochundantag.wordpress.com/category/tgs-nopec
      04.02.2014, Alpha Now / Thomson-Reuters: http://alphanow.thomsonreuters.com/2014/02/tgs-nopec-makes-e…

      Negativ: 10.10.2013: http://cockroachesblog.com/tag/tgs-nopec
      Avatar
      schrieb am 25.02.14 10:07:54
      Beitrag Nr. 21 ()
      Published: 07:50 CET 25-02-2014 /GlobeNewswire /Source: TGS /XOSL: TGS /ISIN: NO0003078800


      TGS Announces Two New Onshore Multi-client 3D Seismic Surveys in the Utica Play

      HOUSTON (25 February 2014) - TGS announces two new multi-client onshore 3D surveys, Freeport and Waterford, located within the central Appalachian Basin in Ohio. These high resolution, wide aperture surveys will provide critical data for geotechnical evaluations of the emerging Utica-Point Pleasant fairway while enabling further exploration and development of secondary zones within the Cambrian to Devonian interval.

      Freeport covers 1,217 km2 across Carroll, Harrison, Tuscarawas, Guernsey, Belmont and Noble counties in central Ohio and is located south of TGS' existing Firestone (1,054 km2) survey. Waterford covers 210 km2 in Washington County, Ohio within the current southern core of the Utica-Point Pleasant wet gas window.

      TGS will support these new investments with data from its expansive well log library and new advanced products that will improve play, trend and prospect delineation. In addition to over 7,000 LAS well logs in the Ohio portion of the Appalachian Basin, TGS also offers its proprietary formation tops database, updated well performance data through its LongbowTM solution and Basin Temperature Modeling (BTM) products.

      "With the addition of Freeport and Waterford, TGS will have more than 2,480 km2 of high quality 3D seismic data and an extensive amount of geological data over the Utica formation," stated Rod Starr, Senior VP Western Hemisphere for TGS. "No other company offers a more comprehensive geoscience data library over the emerging liquid rich Utica."

      Acquisition of both surveys will begin Q4 2014 utilizing high channel count wireless equipped 3D crews. Data processing will be performed by TGS' Calgary-based subsidiary, Arcis Seismic Solutions, and available to clients late Q4 2015.

      This survey is supported by industry funding.
      Avatar
      schrieb am 01.03.14 18:46:04
      Beitrag Nr. 22 ()
      TGS NOPEC (OTCPK:TGSGY) (OTC:TGSNF) has everything value investors could dream about:

      - Natural monopoly with pricing power;

      - Wide-moat, asset-light and flexible business model;

      - Management with proven track record, low compensation and significant holdings in the company;

      - Long history of excess returns, with ROE=22%, BV growth of 20% over 10 years;

      - High profitability with EBITDA margin of 80% and net margin of 30%;

      - 4-5% dividend yield and share buybacks.


      http://seekingalpha.com/article/2058533-tgs-nopec-wide-moat-…
      Avatar
      schrieb am 05.03.14 08:39:50
      Beitrag Nr. 23 ()
      Published: 07:50 CET 05-03-2014 /GlobeNewswire /Source: TGS /XOSL: TGS /ISIN: NO0003078800


      TGS Signs Contract with WGP Survey Ltd for 3D Survey in Northwest Europe

      ASKER, NORWAY (5 March 2014) - TGS announces that it has signed a contract with WGP Survey Ltd to partner on a 3D multi-client project in the Barents Sea during the 2014 summer season. The project is expected to cover an area of approximately 500 km2 and will utilize WGP Survey Ltd's High-res 3D P-CableTM technology. The details of the project to be completed under this charter will be announced separately.
      Avatar
      schrieb am 24.04.14 09:27:33
      Beitrag Nr. 24 ()
      "Our strong results in Q1 2014 have further confirmed the quality of our data library. We are pleased to report record late sales for a first quarter period and a promising start of a new year. As of 31 March 2014, our cash holdings amounted to USD 366 million. This supports our commitment to deliver shareholder returns through a combination of growth, dividends and share buy-backs" TGS' CEO Robert Hobbs stated.
      ...
      http://www.tgs.com/News/2014/TGS_announces_Q1_2014_revenues_…
      Avatar
      schrieb am 06.05.14 22:35:45
      Beitrag Nr. 25 ()
      :confused::confused::confused:


      Published: 21:18 CEST 06-05-2014 /GlobeNewswire /Source: TGS /XOSL: TGS /ISIN: NO0003078800

      Further information regarding criminal charges towards TGS

      ASKER, NORWAY (6 May 2014): Økokrim, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime, has today presented a criminal charge against TGS for violation of the Norwegian Tax Assessment Act and the Norwegian Securities Trading Act related to a contract entered into with Skeie Energy AS, later known as E&P Holding AS, in 2009.

      The charge claims that TGS contributed to an unwarranted tax refund through the Norwegian Petroleum Tax Act, related to this specific license of seismic data to Skeie Energy. Skeie Energy purchased a license to existing TGS multi-client data mainly in North Sea and Barents Sea. In addition, the company prefunded a large 3D survey in the Hoop area of the Barents Sea. These surveys have since been licensed to multiple customers.

      The payment for the transaction was made through a combination of cash payment and two loans of a total value of gross USD 42.1 million (net USD 29.4 million) which matured at year end 2010. Due to Skeie Energy's failed attempt to raise new capital, the loans were not repaid according to the agreement at the maturity date. TGS has actively tried to collect its receivables from Skeie Energy in the period since default and has recognized an impairment of USD 19.9 million in 2011, such that the remaining net value of the loan is currently USD 9.5 million.

      TGS, as a seismic data provider, does not participate in the petroleum tax refund system and received no tax benefits from the sale of seismic data to Skeie. The data sale was included in TGS' net taxable income, subject to an ordinary income tax of 28%.

      With regards to the same transaction, a secondary charge is presented against TGS concerning market manipulation, for disclosing incorrect or inaccurate financial information to the market.

      In TGS' opinion, the contract with Skeie Energy was an ordinary licensing transaction of high quality seismic data in a very prospective region. The sale was therefore treated in the financial statements as such.

      TGS will cooperate with Økokrim to disclose all information in this matter.
      Avatar
      schrieb am 06.05.14 23:29:36
      Beitrag Nr. 26 ()
      Unberechtigte Steuererstattung, 28% von USD 42.1 million? Verstehe die Meldung auch nicht. :confused:
      Leute mit besseren Englischkenntnissen bitte helfen.
      Die genannten Beträge müssen einem jedenfalls keine grauen Haare wachsen lassen.
      Avatar
      schrieb am 23.10.14 09:06:37
      Beitrag Nr. 27 ()
      Published: 07:50 CEST 23-10-2014 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800

      TGS announces Q3 revenues of USD 190 million

      ASKER, NORWAY (23 October 2014) - TGS reports net revenues of USD 190 million in Q3 2014, compared to USD 191 million in Q3 2013. Earnings before interest and taxes (EBIT) totaled USD 71 million, corresponding to an EBIT margin of 38%. Cash flow from operations was USD 184 million, an increase of 57% from Q3 last year. A record Q3 backlog of USD 260 million was reported.


      3rd QUARTER HIGHLIGHTS

      Consolidated net revenues were USD 190 million, compared to USD 191 million in Q3 2013.

      Net late sales totaled USD 130 million, down 6% from USD 138 million in Q3 2013.

      Net pre-funding revenues were USD 51 million, up 17% from Q3 2013, funding 55% of the Company's operational multi-client investments during Q3 (investments of USD 93 million, down 17% from Q3 2013).

      Proprietary revenues were USD 9 million, compared to USD 9 million in Q3 2013.

      Operating profit (EBIT) was USD 71 million (38% of net revenues), compared to USD 80 million (42% of net revenues) in Q3 2013.
      Cash flow from operations was USD 184 million, compared to USD 118 million in Q3 2013.

      Earnings per share (fully diluted) were USD 0.53, down from USD 0.54 in Q3 2013.


      9 MONTHS FINANCIAL HIGHLIGHTS

      Consolidated net revenues were USD 617 million, up from USD 612 million in 2013.

      Net late sales from the multi-client library totaled USD 405 million, down 4% from USD 420 million in 2013.

      Net pre-funding revenues were USD 185 million, up 30% from 2013, funding 55% of the Company's operational multi-client investments during the first nine months of 2014 (investments of USD 336 million, down 3% from 2013).

      Proprietary revenues were USD 28 million, compared to USD 50 million in 2013.

      Operating profit (EBIT) was USD 247 million (40% of net revenues), compared to USD 267 million (44% of net revenues) in 2013.

      Cash flow from operations was USD 473 million compared to USD 330 million in 2013, an increase of 44%.
      Earnings per share (fully diluted) were USD 1.78, same as in 2013.

      "We are pleased to announce Q3 revenues in line with Q3 2013 despite a challenging market with lower oil prices and continued downward pressure on exploration spending. TGS continues to see good investment opportunities and will capitalize on our asset-light business model and strong balance sheet. Our record high back-log at the end of Q3 positions the company well to continue to deliver high quality data needed by the industry to identify new reserves," TGS' CEO Robert Hobbs stated.
      Avatar
      schrieb am 23.10.14 14:03:25
      Beitrag Nr. 28 ()
      Sehr schöne Zahlen angesichts des Drucks für Offshore-Drilling!
      Webcast gibt es übrigens auch:
      http://www.tgs.com/media/investor-webcast/EarningsRelease/20…
      Avatar
      schrieb am 13.01.15 09:15:34
      Beitrag Nr. 29 ()
      Published: 07:50 CET 13-01-2015 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800

      TGS announces record high quarterly revenues of 298 USD and 2015 Guidance at Capital Markets Day

      ASKER, NORWAY (13 January 2015) - TGS is hosting its Capital Markets Day today in Oslo, Norway. The prepared program begins at 08:30 CET and will include presentations from TGS' senior management team, led by Robert Hobbs (CEO) and Kristian Johansen (CFO).

      In addition, TGS will provide an update on Q4 2014. The update is as follows:

      Q4 revenues expected to be approximately 298 MUSD, up 10% from Q4 2013 -Record high quarterly revenues for TGS
      Expected 2014 full year revenues of approximately 915 MUSD, up 4% from 2013
      Q4 operational multi-client investments of approximately 124 MUSD to reach full year investments of 460 MUSD
      Full year guidance achieved
      Final Q4 results to be reported on 5 February 2015


      TGS will also announce 2015 full year guidance. The guidance is as follows:

      TGS expects multi-client investments of approximately 420 MUSD and additional Capex of 15 MUSD in 2015
      TGS targets revenues of approximately 750 MUSD for 2015
      TGS targets an EBIT of approximately 260 MUSD in 2015
      The Board will propose to the AGM in May a dividend of NOK 8.5 per share
      Avatar
      schrieb am 13.01.15 09:28:51
      Beitrag Nr. 30 ()
      http://finance.yahoo.com/q?s=TGS.OL
      Dividendenrendite ist etwas über 5%.
      Avatar
      schrieb am 13.01.15 11:43:15
      Beitrag Nr. 31 ()
      habe verdoppelt
      Avatar
      schrieb am 13.04.15 09:27:28
      Beitrag Nr. 32 ()
      TGS - Q1 update
      Published: 07:50 CEST 13-04-2015 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800



      ASKER, NORWAY (13 April 2015) - Today, TGS announced a Cost Reduction Program reflecting the deterioration of the market for seismic data seen in the first quarter of 2015. Based on preliminary reporting from operating units, TGS management now expects net revenues for the first quarter of 2015 to be approximately USD 172 million, about 23% lower than revenues reported for the first quarter of 2014.

      Net revenues were lower than management`s expectations due to weaker late sales from the data library in all geographic regions. Demand for seismic data has significantly deteriorated over the first three months of 2015 and the outlook for improvement in the market remains quite uncertain.

      TGS is in constant communication with its customers and many of those energy companies have not finalized their spending plans for 2015. From these discussions and an assumption that the price of oil will remain under pressure, TGS expects annual net revenues of approximately USD 630 million for 2015, down from USD 750 million as originally communicated in January. Operating profit (EBIT) is expected to be negatively affected by the lower revenues, however higher amortization will be partly compensated by the effects of the Cost Reduction Program.

      The Cost Reduction Program will position the company for the more challenging seismic market caused by the significant drop in oil price. A key element of this program is a reduction of more than 10% of TGS' global workforce effective from April. Restructuring charges of approximately USD 4 million will be booked in Q2 as a result of this Program. The company expects annual cost savings of approximately USD 10 million as a result of the Cost Reduction Program. In addition to the reduction in headcount, Management has taken concrete actions to recognize additional operational cost savings from the original 2015 budget. Management will continue to review the Company's cost structure and if necessary, take additional action to reduce cost if the market continues to deteriorate.

      Cash flow was strong in Q1 as cash holdings increased from USD 256 million at year-end 2014 to USD 352 million as of 31 March 2015. In addition, the company has an undrawn credit facility of USD 50 million resulting in a total liquidity reserve of USD 402 million. The strong balance sheet and liquidity position continue to provide dividend support going forward. The Board of Directors has reviewed the Company's financial situation, including the Company's distributable reserves according to the annual accounts for 2014. On this basis and in accordance with the Company's resolved dividend policy, the Board of Directors wishes to be authorized to distribute quarterly dividend payments from Q1 2016. Reference is made to the Notice to the Annual General Meeting published this morning for more information on the quarterly dividend proposal.

      The full first quarter earnings release is scheduled for 23 April 2015. A conference call will be held the same day in association with that release.
      2 Antworten
      Avatar
      schrieb am 13.04.15 14:26:10
      Beitrag Nr. 33 ()
      Antwort auf Beitrag Nr.: 49.548.824 von R-BgO am 13.04.15 09:27:28Heftige Umsatz- und Gewinnwarnung.
      -25% Umsatz, mehr als 10% der Mitarbeiter entlassen, das ist nicht ohne.
      Wundert mich etwas, nachdem die ganz ähnlich aufgestellte, wenn auch deutlich kleinere Spectrum Asa Ende Februar noch einen sehr optimistischen Ausblick brachte und Mitarbeiter sucht.
      Ob sich die beiden Firmen unterschiedlich bewegen oder ob Spectrum auch bald warnen muss?
      1 Antwort
      Avatar
      schrieb am 14.04.15 08:13:35
      Beitrag Nr. 34 ()
      Antwort auf Beitrag Nr.: 49.551.299 von al_sting am 13.04.15 14:26:10Danke für den Tip, kommt auf die watchlist

      Thread: Spectrum ASA - MC-Seismic-Dienstleister
      Avatar
      schrieb am 30.06.15 00:43:19
      Beitrag Nr. 35 ()
      TGS - Letter of Intent signed to acquire Polarcus' multi-client library
      Published: 07:50 CEST 29-06-2015 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800


      ASKER, NORWAY (29 June 2015) - TGS has today entered into a Letter of Intent to acquire Polarcus' multi-client library, with the exception of Australia, for a price of USD 27.5 million on a cash and debt free basis. The transaction is subject to due diligence and final definitive documents with target closing date on or before July 31, 2015. Polarcus will continue to have rights to revenue share from the library after TGS has realized a predetermined return on its initial investment.

      The multi-client library in Northwest Europe and West Africa consists of 22 3D seismic surveys comprising a total area of 40,000 sq. km and one 2D survey comprising 5,000 linear km. The data covers prime locations within the established hydrocarbon provinces of six countries along the western Atlantic margin corridor since 2011.

      "We are pleased to announce a Letter of Intent to acquire a high-quality multi-client library in key areas of future growth for TGS. This acquisition significantly strengthens our 3D-position in established areas in UK, Norway and West Africa and is very complimentary to our existing database with minimal overlap," stated Robert Hobbs, CEO, TGS.

      The transaction will be financed with cash and in order to maintain its strong balance sheet and liquidity position, TGS has received a commitment from its existing lender to expand the current credit facility to USD 75 million. This will enable the company to continue to pursue attractive investment opportunities in a challenging market.
      Avatar
      schrieb am 23.10.15 12:01:47
      Beitrag Nr. 36 ()
      TGS announces Q3 revenues of USD 169 million
      Published: 07:50 CEST 23-10-2015 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800


      ASKER, NORWAY (23 October 2015) - TGS reports net revenues of USD 169 million in Q3 2015, compared to USD 190 million in Q3 2014. Earnings before interest and taxes (EBIT) totaled USD 46 million, corresponding to an EBIT margin of 27%. Cash flow from operations was USD 121 million, resulting in an increased cash balance of USD 191 million at the end of the Quarter. A Q3 backlog of USD 182 million was reported.


      3rd QUARTER HIGHLIGHTS

      Consolidated net revenues were USD 169 million, compared to USD 190 million in Q3 2014.

      Net late sales totaled USD 90 million, down 31% from USD 130 million in Q3 2014.

      Net pre-funding revenues were USD 74 million, up 45% from Q3 2014, funding 55% of the Company's operational multi-client investments during Q3 (operational investments of USD 135 million, up 45% from Q3 2014).

      Proprietary revenues were USD 5 million, compared to USD 9 million in Q3 2014.

      Operating profit (EBIT) was USD 46 million (27% of net revenues), compared to USD 71 million (38% of net revenues) in Q3 2014.

      Cash flow from operations was USD 121 million, compared to USD 187 million in Q3 2014.

      Earnings per share (fully diluted) were USD 0.39, down from USD 0.53 in Q3 2014.


      9 MONTHS FINANCIAL HIGHLIGHTS

      Consolidated net revenues were USD 481 million, down from USD 617 million in 2014.

      Net late sales from the multi-client library totaled USD 244 million, down 40% from USD 405 million in 2014.

      Net pre-funding revenues were USD 220 million, up 19% from 2014, funding 53% of the Company's operational multi-client investments during the first nine months of 2015 (operational investments of USD 414 million, up 23% from 2014).

      Proprietary revenues were USD 17 million, compared to USD 28 million in 2014.

      Operating profit (EBIT) was USD 119 million (25% of net revenues), compared to USD 247 million (40% of net revenues) in 2014.

      Cash flow from operations was USD 467 million compared to USD 474 million in 2014, a decrease of 1%.

      Earnings per share (fully diluted) were USD 0.91, down from 1.78 in 2014.
      Avatar
      schrieb am 23.10.15 12:02:54
      Beitrag Nr. 37 ()
      TGS acquires Digital Petrodata
      HOUSTON (23 October 2015) - TGS announced today that its Geological Products division purchased all the outstanding shares of Digital Petrodata LLC.

      Digital Petrodata, established in 2005, is a small GIS technology company based in Denver that provides integrated GIS data and cloud solutions for E&P companies. The company has built a nationwide GIS multi-client database containing every producing oil and gas field, pool, and formation in the United States. Digital Petrodata also recently introduced GEONEWS(TM), a geospatially located and tagged database of current oil and gas news. Both products are available to customers through the Digital Petrodata web portal and are updated frequently.

      "Digital Petrodata's GIS-based products are a great complement to existing TGS geologic data," stated John Adamick, Senior Vice President of Geologic Products. "Our well data combined with their field, pool, and formation level data will allow our customers to seamlessly explore from an individual producing zone up to a true regional level. For example, a customer can begin by comparing production trends from formations such as the Eagle Ford or Bakken, narrow their search to certain key fields of interest in one area or the other, and then pull down the actual logs and production data from individual wells in the field. Furthermore, through GEONEWS, customers can instantly access presorted news that is specific to their area of interest."

      Kirk Harstead, founder and CEO of Digital Petrodata also commented, "We look forward to continuing our great working relationship with TGS. The rich data offering, resources, and expertise from TGS combined with the Digital Petrodata's GIS data products and web portal technology will allow us to offer world-class data and analysis solutions for the upstream oil and gas industry. Digital Petrodata is extremely excited about the growth potential of the combined companies."
      Avatar
      schrieb am 17.11.15 09:46:27
      Beitrag Nr. 38 ()
      TGS announces restructuring to adapt to prevailing market conditions
      Published: 07:50 CET 17-11-2015 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800



      ASKER, NORWAY (17, November 2015) - In order to further improve organizational efficiency and competitiveness TGS is implementing global cost reduction and efficiency plan. Furthermore, the value of selected MC surveys will be written down to reflect more cautious market assumptions.

      As advised in the 3Q report, TGS has in view of the weak market conditions continued to review its cost base, this with the aim of identifying organizational efficiencies, improvement potential and cost saving opportunities across all business units and levels. On the back of the review TGS will implement a number of measures and changes that will further improve the company's competitiveness and support operational cash flow.

      As a result of the above, TGS' global workforce will be reduced by approximately 130 people, corresponding to around 16 per cent of the total workforce. This will reduce operating expenses by approximately USD 13 million per annum from the beginning of 2016. A restructuring cost of USD 8 million will be charged to the accounts for Q4 2015. This was a very difficult decision and we are committed to assure that the employees leaving the company through this necessary action will be treated with dignity and respect in accordance with TGS' values.

      Furthermore, TGS has also chosen to adopt more prudent assumptions with regards to the length of the downturn in the evaluation of the multi-client library. These assumptions are influenced by recent statements made by large oil companies regarding reductions in E&P budgets not only for 2016 but also for 2017 and beyond. The revised assumptions will lead to total impairments for selected surveys of approximately USD 150 million to be recognized in the Q4 2015 accounts.

      The impaired surveys account for approximately 10 per cent of the total number of surveys in the balance sheet. Hence, despite the adjusted assumptions, the vast majority of the projects in TGS' library still have net book values that do not warrant impairment.

      The impaired surveys, which were all acquired during the peak of the market with substantially higher cost levels than seen currently, fall into two categories:

      Projects in frontier areas where demand deterioration has been greater than the general market demand trends.

      Projects in areas with greater political and regulatory risk, which typically have attracted lower customer interest in the current challenging market.
      "Although the TGS library continues to perform well compared to the industry, we have chosen to take a cautious view when evaluating the net book values. The cost of shooting the same seismic today is dramatically lower than two to three years ago and this has of course played a role in our assessment," says Robert Hobbs, CEO of TGS.

      As announced in October, TGS has received commitments of a Revolving Credit Facility (RCF) of minimum USD 75 million (up from USD 50 million under the existing facility). Closing of this facility is expected to take place within the next two to three weeks.

      With the initiatives and measures described above TGS is well positioned to further enhance its position as the world's leading multi-client geoscience data company. As during previous market down-turns, TGS' unique asset-light business model combined with a robust balance sheet enables it to increase market share, both through organic and inorganic investments, forming the basis for continued long-term value creation and growth.
      Avatar
      schrieb am 07.01.16 08:36:35
      Beitrag Nr. 39 ()
      TGS announces Q4 2015 revenue of approximately 131 MUSD and guides for 2016
      Published: 07:50 CET 07-01-2016 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800



      ASKER, NORWAY (07 January 2016) - Based on a preliminary review of sales and investments, TGS provides the following update on Q4 2015:

      Q4 2015 net operating revenues of approximately 131 MUSD, down 56% from Q4 2014
      Expected 2015 full year revenues of approximately 612 MUSD, down 33% from 2014
      Q4 2015 operational multi-client investments of approximately 84 MUSD to reach full year investments of 497 MUSD
      Cash balance of 162 MUSD at year-end
      Final Q4 2015 results to be reported on 02 February 2016
      The weak market conditions are expected to continue in 2016. Consequently, TGS is planning for a lower activity level, which results in the following guidance for 2016:

      TGS expects multi-client investments of approximately 220 MUSD
      Multi-client investments are expected to be prefunded 45 to 50%
      As announced on 4 December 2015, the accounting practice with respect to amortization of the multi-client library will change with effect from 1 January 2016. In accordance with the new policy TGS estimates multi-client amortization of close to 290 MUSD in 2016. An expected impact of the new accounting practice will be more predictable and less volatile quarterly normal amortization of the data library.

      "TGS' 2016 operational multi-client investments will be reduced by more than 50% compared to 2015. This is partly a result of lower cost of acquiring seismic data as average vessel day rates will be substantially lower than in 2015. Furthermore, the activity level will be reduced as oil companies have become less willing to prefund new surveys" commented Robert Hobbs, CEO, TGS. "As a result of the weak market conditions there is higher uncertainty than usual with respect to late sales of seismic data. Late sales are normally heavily dependent on oil companies' E&P spending. This relationship will continue in 2016 and as a result, TGS expects late sales to move in line with or slightly better than general E&P spending trends. However, the significant reduction in investments combined with the effect from the cost cutting measures implemented last year should support positive cash flow development despite the challenging environment."
      Avatar
      schrieb am 07.01.16 11:22:49
      Beitrag Nr. 40 ()
      Meine Ergebnisschätzung für 2015:
      Jahresüberschuss 110 MUSD
      EK 1.350 MUSD
      Divi 4 NOK

      wer bietet mehr (oder weniger)?
      2 Antworten
      Avatar
      schrieb am 07.01.16 11:35:27
      Beitrag Nr. 41 ()
      Antwort auf Beitrag Nr.: 51.432.144 von R-BgO am 07.01.16 11:22:49
      peinlich: gleich 2 Fehler
      150 MUSD impairment übersehen, d.h. Gewinn und EK entsprechend niedriger

      und

      sie wollen auf quartalsweise Divi umstellen, also m.V.n. 4 x 1 NOK
      1 Antwort
      Avatar
      schrieb am 02.02.16 10:00:21
      Beitrag Nr. 42 ()
      Antwort auf Beitrag Nr.: 51.432.273 von R-BgO am 07.01.16 11:35:27
      TGS reports Q4 2015 earnings and announces dividend of USD 0.15 per share in Q1 2016
      Published: 07:50 CET 02-02-2016 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800



      ASKER, NORWAY (02 February 2016) - Following its update on 07 January 2016, TGS now confirms Q4 2015 net revenues of USD 132 million and full year 2015 net revenues of USD 612 million. The Board of Directors has resolved to pay a dividend of USD 0.15 per share in Q1 2016.

      4th QUARTER HIGHLIGHTS
      Consolidated net revenues were USD 132 million, compared to USD 298 million in Q4 2014.

      Net late sales totaled USD 90 million, down 60% from USD 226 million in Q4 2014.

      Net pre-funding revenues were USD 37 million, down 41% from Q4 2014, funding 42% of the Company's operational multi-client investments during Q4 (operational investments of USD 88 million, down 30% from Q4 2014).

      Proprietary revenues were USD 5 million, compared to USD 9 million in Q4 2014.

      Operating profit (EBIT) was USD -140 million (-106% of net revenues), compared to USD 47 million (16% of net revenues) in Q4 2014. Operating costs in Q4 2015 include:
      -Impairments of USD 161 million of the multi-client library.
      -Restructuring costs of USD 10 million.
      -Provisions related to bad debt and other commercial activities of USD 8 million.

      Cash flow from operations was USD 99 million, compared to USD 131 million in Q4 2014.

      Earnings per share (fully diluted) were USD -1.19, down from USD 0.31 in Q4 2014.


      FULL YEAR 2015 FINANCIAL HIGHLIGHTS
      Consolidated net revenues were USD 612 million, down from USD 915 million in 2014.

      Net late sales from the multi-client library totaled USD 334 million, down 47% from USD 631 million in 2014.

      Net pre-funding revenues were USD 257 million, up 4% from 2014, funding 51% of the Company's operational multi-client investments during 2015 (operational investments of USD 502 million, up 9% from 2014).

      Operating profit (EBIT) was USD -21 million (-3% of net revenues), compared to USD 295 million (32% of net revenues) in 2014.

      Cash flow from operations was USD 567 million compared to USD 605 million in 2014, a decrease of 6%.

      Earnings per share (fully diluted) were USD -0.28, down from 2.09 in 2014.


      DIVIDEND
      From 2016, TGS will start paying quarterly dividends in accordance with the resolution made by the Annual General Meeting on 6 May 2015. The aim will be to keep a stable quarterly dividend in US dollars through the year, but the actual level paid will be subject to continuous evaluation of the underlying development of the company and the market.

      The Board of Directors of TGS has resolved to pay a dividend of USD 0.15 per share in Q1 2016. The dividend will be paid in the form of NOK 1.30 per share on 23 February 2016. The share will trade ex-dividend on 9 February 2016.

      "Oil companies are continuing to cut E&P spending. The market for seismic data is likely to remain weak in 2016. TGS has implemented a number of measures to handle the downturn. In November 2015, a major restructuring of the company was implemented and through 2015 the global workforce was reduced by approximately 28%. Compared to last year, the run rate for cash operating cost has been reduced by approximately USD 25 million per year. We are continuing to work hard on identifying interesting projects that can create long-term value for our shareholders and provide rapid growth when the market improves," says Robert Hobbs, CEO of TGS.

      "The financial guidance released on 7 January 2016 remains unchanged. That is, we still anticipate multi-client investments of USD 220 million, of which 45-50% is expected to be prefunded by our clients."
      Avatar
      schrieb am 02.02.16 14:14:35
      Beitrag Nr. 43 ()
      Auf diese Quartalszahlen habe ich schon neugierig gewartet.
      "Consolidated net revenues were USD 132 million, compared to USD 298 million in Q4 2014."
      Quartalsumsatz mal eben mehr als halbiert, das schmerzt. Und Q4 könnte noch am ehesten die Tendenz für 2016 vorgeben.

      "Cash flow from operations was USD 99 million, compared to USD 131 million in Q4 2014.
      Earnings per share (fully diluted) were USD -1.19, down from USD 0.31 in Q4 2014."
      War fast zu erwarten: CashFlow bleibt positiv, aber die Einnahmen sind geringer als die Abschreibungen auf den Buchwert. Die Sparmaßnahmen zeigen bezüglich des CF offensichtlich Erfolg, TGS ist nicht existenziell bedroht. Halt nur vorerst weniger ertragreich.

      2014 gesamt:
      Cash flow from operations was USD 567 million compared to USD 605 million in 2014, a decrease of 6%.
      Earnings per share (fully diluted) were USD -0.28, down from 2.09 in 2014.
      "The dividend will be paid in the form of NOK 1.30 per share on 23 February 2016."
      Im Vergleich zu den 8,50 NOK in den Vorjahren ein Rückgang um 85%. Das ist schon heftig. Aber bei den niedrigen Kursen ist es vielleicht auch cleverer, den beachtlich starken Free CF eher in Aktienrückkäufe als in Dividenden zu lenken. (Sagt jemand, der sonst kaum ein Fan von Aktienrückkäufen ist.)

      Auch der Ausblick ist düster:
      "Oil companies are continuing to cut E&P spending. The market for seismic data is likely to remain weak in 2016."
      Klingt so, als sollten wir Q4 2015 als Referenzgröße für das nächste Jahr ansetzen und vielleicht besser gleich Abschläge darauf einkalkulieren.

      "In November 2015, a major restructuring of the company was implemented and through 2015 the global workforce was reduced by approximately 28%. Compared to last year, the run rate for cash operating cost has been reduced by approximately USD 25 million per year."
      Ich hoffe ja, dass die Entlassungen nicht zu deutlichen Kompetenzverlusten führen - aber eigentlich rechne ich damit.
      Avatar
      schrieb am 09.03.16 08:20:04
      Beitrag Nr. 44 ()
      TGS appoints new CEO
      Published: 07:50 CET 09-03-2016 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800


      ASKER, NORWAY (09 March 2016) - The Board of TGS has today announced that Kristian Johansen will succeed Robert Hobbs as Chief Executive Officer on March 11, 2016. After eight years with TGS, including nearly seven years as CEO, Mr. Hobbs has decided to retire.

      Mr. Johansen joined TGS in 2010 as Chief Financial Officer and was appointed Chief Operating Officer in February of 2015. Prior to joining TGS, Kristian was the Executive Vice President and CFO of EDB Business Partner (now Evry) in Oslo, which is one of the largest IT groups in the Nordic region. Mr. Johansen also has experience in the construction, banking and oil industries. A native of Norway, Kristian earned his undergraduate and Master's degrees in business administration from the University of New Mexico in 1998 and 1999.

      Hank Hamilton, Chairman of the Board of Directors said "The Board is deeply grateful to Robert Hobbs for the leadership he has demonstrated and the invaluable contributions he has made since joining the TGS team in 2008. Under his guidance, TGS has become the largest and most successful multi-client geoscientific data provider in the world. We wish him nothing but the best as he leaves TGS." Mr. Hamilton added, "We feel very fortunate to be able to promote Kristian Johansen into the CEO position at this time. He has excelled in each and every role he's had at TGS, clearly demonstrating a commitment to our core values of quality, service, integrity and growth. We are very confident in his ability to lead TGS going forward, particularly during the challenging market conditions our industry currently faces."

      Robert Hobbs stated, "I strongly believe that I am leaving TGS in the most capable hands in the industry. Kristian and the TGS Executive Team are the most talented managers in the geoscience data business. I wish them well and offer my full support as I move on to other pursuits."

      "It is a great honor to follow Robert and become the new CEO for TGS. Our solid balance sheet and a highly competent organization position us well to handle both the up and down cycles in the industry. I have appreciated the opportunity to work closely with Robert for the last six years and wish him all the best for the future", said Kristian Johansen.
      Avatar
      schrieb am 08.04.16 08:50:26
      Beitrag Nr. 45 ()
      Q1 2016 Update

      ASKER (8 April, 2016) - Based on preliminary reporting from operating units, TGS management expects net revenues for the first quarter of 2016 to be approximately USD 64 million.

      With operational investments of approximately USD 53 million and good cash collections in the quarter, the cash balance increased to around USD 210 million. This is in addition to the undrawn revolving credit facility of USD 75 million.

      The financial guidance released on 7 January, 2016 remains unchanged:

      TGS expects multi-client investments of approximately 220 MUSD
      Multi-client investments are expected to be prefunded 45 to 50%

      "This last quarter has arguably been the most severe of this down cycle with many customers focusing on cost and headcount reduction resulting in a significant pull back from exploration spending. TGS will continue our strong focus on cost control, cash flow and maintaining a healthy balance sheet in this challenging market", commented Kristian Johansen, CEO, TGS.

      The full first quarter earnings release is scheduled for 21 April 2016.
      1 Antwort
      Avatar
      schrieb am 21.04.16 15:04:04
      Beitrag Nr. 46 ()
      Antwort auf Beitrag Nr.: 52.145.127 von R-BgO am 08.04.16 08:50:26
      Bericht ist da
      Umsatz ggü. VJ mal eben gedrittelt...
      Avatar
      schrieb am 07.07.16 12:20:20
      Beitrag Nr. 47 ()
      Published: 07:50 CEST 07-07-2016 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800

      TGS : Q2 2016 Update

      ASKER, NORWAY (7 July 2016) - Based on preliminary reporting from operating units, TGS management expects net revenues for the second quarter of 2016 to be approximately USD 114 million. Multi-client investments for the second quarter are expected to be approximately USD 62 million.

      "Oil companies continue to be under pressure to reduce exploration and production spending. As a result, we still anticipate variability of seismic spending between quarters and across regions in the near term. However, we are very pleased with the performance of the TGS data library during Q2 2016 and remain confident in the long-term success of our focused, asset light, multi-client business model. We believe that following the unprecedented reduction in exploration activity it is inevitable that oil companies will return to exploration spending in the future as the demand-supply balance continues to tighten," commented Kristian Johansen, CEO, TGS.

      TGS full year 2016 Guidance remains unchanged at approximately USD 220 million multi-client investments, which are expected to be prefunded 45% to 50%. Management will give a full report of Q2 results on 4 August 2016.
      3 Antworten
      Avatar
      schrieb am 07.10.16 09:12:48
      Beitrag Nr. 48 ()
      Antwort auf Beitrag Nr.: 52.784.761 von R-BgO am 07.07.16 12:20:20Published: 07:50 CEST 07-10-2016 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800

      TGS Q3 2016 Update

      ASKER, NORWAY (7 October 2016) -

      Based on preliminary reporting from operating units, TGS management expects net revenues for the third quarter of 2016 to be approximately USD 113 million, around 17% higher than the average of analyst estimates. Multi-client investments for the third quarter are expected to be approximately USD 82 million after strong productivity on our ongoing multi-client data acquisitions.
      2 Antworten
      Avatar
      schrieb am 09.01.17 08:52:52
      Beitrag Nr. 49 ()
      Antwort auf Beitrag Nr.: 53.427.375 von R-BgO am 07.10.16 09:12:48Published: 07:50 CET 09-01-2017 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800

      TGS Q4 2016 Update and Conference Call


      ASKER, NORWAY (9 January 2017) -

      Based on preliminary reporting from operating units, TGS management expects net revenues for the fourth quarter of 2016 to be approximately USD 165 million, bringing total estimated net revenues for 2016 to approximately USD 456 million.

      As per 31 December 2016 the company's cash balance was approximately USD 189 million.

      "We are very pleased with the strong sales from our multi-client library in Q4 with TGS benefiting from year-end spending by many of our clients. This significant increase in late sales demonstrates the seasonality and ongoing volatility in seismic demand in a market where E&P spending is expected to remain under pressure into 2017," commented Kristian Johansen, CEO, TGS.

      Please note that guidance for 2017 will be provided in connection with the presentation of the financial results for Q4 2016 at the Capital Markets Day (CMD) in London, UK on 2 February 2016. Please refer to press release of 23 December 2016 for more details about the CMD.
      1 Antwort
      Avatar
      schrieb am 02.02.17 10:27:18
      Beitrag Nr. 50 ()
      Antwort auf Beitrag Nr.: 54.038.158 von R-BgO am 09.01.17 08:52:52
      Q4 hat das Gesamtjahr noch
      so eben ins Plus gedrückt
      Avatar
      schrieb am 15.03.17 16:51:13
      Beitrag Nr. 51 ()
      Lohn der Angst:
      habe mich eben mit rund 10% Gewinn (+erhaltene Dividenden) bis aufs Erinnerungsstück verabschiedet;

      ist nur eine kleine Linderung meiner seit 2014 eingefahrenen Öl-/ und Offshoreverluste, aber immerhin.
      1 Antwort
      Avatar
      schrieb am 31.05.17 11:37:21
      Beitrag Nr. 52 ()
      sie scheinen nicht (mehr) nur offshore zu sein:


      Published: 07:50 CEST 31-05-2017 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800

      TGS announces its second Permian seismic project in 2017

      ASKER, NORWAY (31 May 2017) -

      TGS announces its second Permian seismic project in 2017. The West Lindsey 3D multi-client seismic survey is located to the southwest of the previously announced West Kermit 3D. This new project will encompass a minimum of 190 square miles predominantly in Reeves County, TX.

      The West Lindsey 3D will provide modern, high resolution 3D seismic data to an area that is seeing high interest from E&P companies. Strong potential exists in multiple zones from the Delaware sands through the prolific Wolfcamp, as well as deeper plays including the highly prospective Siluro-Devonian and Ordovician Ellenburger along the Grisham Arch.

      Permitting on the survey has already commenced and data acquisition is expected to begin in Q3 2017. Preliminary data will be available in late Q4 2017 and final data available in early 2018. The data will be processed by TGS utilizing its modern land imaging technology to provide clients with greater reservoir understanding. The West Lindsey 3D is complemented by TGS' extensive geologic products database with data from over 430,000 wells and multiple interpretive products in the Permian Basin.

      "With support from our clients, TGS is establishing a strong position in the Permian. The West Lindsey 3D, combined with the recently expanded West Kermit 3D are located in an exciting part of the basin where E&P companies are demanding modern 3D seismic data. When combined with our geological database and interpretive products we are well positioned to help our clients in their exploration and development activities in the Permian," commented Kristian Johansen, CEO for TGS.

      This project is supported by industry funding.
      Avatar
      schrieb am 03.08.18 22:01:11
      Beitrag Nr. 53 ()
      Antwort auf Beitrag Nr.: 54.540.988 von R-BgO am 15.03.17 16:51:13
      seitdem
      rund verdoppelt
      Avatar
      schrieb am 13.04.19 08:54:55
      Beitrag Nr. 54 ()
      back to earth
      Avatar
      schrieb am 03.05.19 11:26:38
      Beitrag Nr. 55 ()
      Zukauf von
      Thread: Spectrum ASA - MC-Seismic-Dienstleister

      Published: 22:34 CEST 02-05-2019 /GlobeNewswire /Source: TGS / : TGS /ISIN: NO0003078800



      TGS acquiring Spectrum to cement its position as a leading provider of multi-client seismic data

      -Creating a leading multi-client geophysical data provider in all major mature and frontier basins world-wide

      -Transaction establishes fourth main revenue generating hub and fits well with strategic ambition of growing exposure towards South Atlantic

      -Spectrum owns the world's largest 2D library, which combined with TGS's financial robustness facilitate for acceleration of 3D investment plans

      -Scale is key to accelerate TGS' data and analytics strategy

      -Significant cost synergies - preliminary estimate of approximately USD 20 million annually

      -Accretive on earnings, pre-synergies

      -The transaction is supported by the board of directors of each of the companies, as well as Spectrum shareholders representing more than 34 %



      Oslo, 2 May 2019

      TGS-NOPEC Geophysical Company ASA ("TGS" or the "Company", OSE: TGS) announced today that it has agreed on the principle terms for the acquisition of Spectrum ASA ("Spectrum", OSE: SPU), creating a leading provider of 2D and 3D seismic data.

      The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law between TGS and Spectrum, with merger consideration to Spectrum shareholders in the form of 0.28x ordinary shares of TGS for each Spectrum share (the "Exchange Ratio"), in addition to a cash consideration of USD 0.27 multiplied by the Exchange Ratio subject to the transaction closing after the ex-date for the TGS dividend payable in Q3 2019 (expected to be early August 2019).

      The Exchange Ratio and the cash consideration imply a transaction share price of Spectrum of NOK 61.9 per share (based on closing of the TGS share on 2 May 2019), corresponding to a market capitalization of NOK 3,671 million (USD 422 million) on a fully diluted basis.

      The transaction is supported by the board of directors of each of the companies, as well as Spectrum shareholders representing more than 34.1 % who have given their support to the transaction and agreed to vote their shares in favour thereof. Definitive merger documents are expected to be entered into during May, with closing of the transaction expected during the third quarter of 2019 following shareholder approvals in EGM and regulatory clearance.

      The transaction will enhance TGS' position as a leading multi-client geophysical data provider with a 2D and 3D seismic data library covering all major mature and frontier basins world-wide. Spectrum has successfully built a substantial presence in the South Atlantic and other important frontier regions. With TGS' extensive library and financial robustness, the combined entity will be well positioned to accelerate 3D seismic investment plans in an improving market. Furthermore, the combined libraries will have a scale that will help accelerate TGS' data analytics strategy.

      In addition to providing a platform for further profitable growth, the combination will benefit from significant cost synergies with a preliminary estimate of approximately USD 20 million annually.

      "Spectrum has successfully built a strong position in key offshore basins, particularly in the South Atlantic. The transaction thus fits well with one of TGS's key strategic goals of growing exposure to this region. Moreover, Spectrum's library, and in particular the vast 2D coverage, further adds to TGS's strategy within data analytics, where access to large amounts of data is a key success factor. TGS remains committed to maintain the existing dividend policy and emphasizes that the strong cash position, the combination of two free cash flow positive entities and significant cost synergies, will enable continued industry leading shareholder returns", stated Kristian Johansen, Chief Executive Officer of TGS.

      "The strategic combination of TGS and Spectrum will form a stronger and better company with a world class data library, people and opportunities. We look forward to joining forces with TGS. There are strong strategic benefits from combining the companies, and we believe we can enhance our growth as part of a larger combined company," stated Rune Eng, President & Chief Executive Officer of Spectrum.

      "Over the past years, Spectrum has been through a growth phase with particular focus on establishing profitable positions in non-mature exploration basins, especially along the Atlantic margin. TGS' interest in Spectrum is a manifestation of the solid position built by the Spectrum organization over a long time. Being ready for the next phase of the strategic growth plan, TGS is an excellent match, with its asset-light multi-client strategy and strong balance sheet. Altor Fund IV are proud to be part of creating a leading multi-client company, with a strong presence in all the major basins and superior cash generation capabilities", stated Pål Stampe, Chairman of the board of Spectrum and partner at Altor Equity Partners, the investment advisor to Altor Fund IV.

      Support from board of directors, management and Spectrum shareholders

      The transaction is supported by the board of directors of Spectrum, who has unanimously concluded that the transaction both from a financial and industrial perspective represents an attractive alternative for all its stakeholders. In addition, Spectrum shareholders representing more than 34 % have given their support to the transaction and undertaken to vote their shares in favor thereof. These shareholders include management of Spectrum, funds managed by Altor Fund IV and Gross Management AS (investment company of Spectrum director Glen Ole Rødland. Altor Fund IV (via Pål Stampe as Chairman of the Board and Maria Tallaksen as Board member) and Gross Management AS (Glen Ole Rødland as Board member) are represented on the Board of Directors of Spectrum. The above support and undertakings remain subject to consummation of definitive merger documentation.

      Key terms of the transaction:

      Based on a TGS share price as of close 2 May 2019 of NOK 218.8, the exchange ratio plus the cash consideration implies a fully diluted equity value of Spectrum of NOK 3,671 million, corresponding to a price per share of NOK 61.9. This represents a premium, including the cash consideration, of 10.2% to Spectrum based on closing price on 2 May 2019 and a premium of 32.8% and 17.5% to Spectrum based on 6 month and 12 month VWAP as of 2 May 2019, respectively.

      The shareholders of Spectrum will (on a fully diluted basis) receive:

      1. 0.28 shares of TGS per one (1) share in Spectrum, corresponding to 7 TGS shares per 25 Spectrum shares, meaning that the shareholders of Spectrum upon completion of the transaction will receive a total of 16.6 million shares in TGS, representing 13.9% of all issued shares in TGS immediately following completion of the transaction. Fractional consideration shares will be settled in cash.


      An additional cash consideration to Spectrum shareholders of the NOK equivalent of USD 0.27 multiplied with the Exchange Ratio, if the Transaction is consummated after the ex-date for the TGS quarterly dividend payment in Q3 2019 (expected to be early August 2019).


      Further details regarding the valuations and the exchange ratio will be included in the merger plan which is expected to be published during May 2019. The transaction remains subject to such merger plan and other definitive documentation being finalised and executed, as well as other customary closing conditions such as relevant regulatory approvals and consents, expiry of the statutory waiting periods, no material adverse change occurring and approval by extraordinary general meetings in TGS and Spectrum with at least two-thirds majority of the votes cast and of the share capital represented. Closing of the transaction would occur as soon as possible thereafter following necessary regulatory approvals and statutory waiting periods.

      The completion of the transaction and the issuance of the consideration shares are expected to take place in the third quarter of 2019, subject to the conditions being fulfilled.

      Reciprocal confirmatory due diligence has been completed by both TGS and Spectrum and completion of the transaction is not subject to any further due diligence review.

      Further information regarding the transaction will be provided in a conference call at 14:00 (CEST) on Friday 3 May and in relation to Q1 2019 reporting on 9 May 2019.

      Carnegie acts as financial advisor and Schjødt acts as legal advisor to TGS. Clarksons Platou Securities acts as financial advisor and Wiersholm acts as legal advisor to Spectrum.
      Avatar
      schrieb am 11.04.20 15:27:13
      Beitrag Nr. 56 ()
      TGS ist in den aktuellen Zeiten ein Blick wert. Nahezu immer mit Gewinnen auch in Krisenphasen, Cash auf der Seite, und gut regelbares Geschäft. Sie fahren aktuell die Ausgaben runter.

      Die vorläufigen Quartalszahlen klingen zwar pessimistisch, zu dem Preis bekommt man aber ein erstklassiges Unternehmen.



      April 08, 2020 01:50 ET | Source: TGS
      ASKER, NORWAY (8 April 2020) - Based on preliminary reporting from operating units, TGS management expects net segment revenues* for the first quarter of 2020 to be approximately USD 152 million. Multi-client Investments for the quarter are expected to be approximately USD 138 million with a prefunding rate of 61%.

      The first months of 2020 have demonstrated how our industry can be impacted by unexpected events that have a dramatic impact on economic growth. The COVID-19 virus has led to an unprecedented decline in global demand for oil and gas. On top of that, the price war between Russia and Saudi Arabia has further exacerbated the situation. As a result, the oil price has seen a dramatic drop from trading in the high $60s per barrel in early January to below $23 per barrel the last days of March.

      E&P companies have reacted quickly to the market turmoil and all of them have already announced significant cuts in capital expenditure. Exploration spending can to a certain degree be considered discretionary, hence there is an expectation that the Company’s subsurface data products will be subject to significant spending cuts. As a result, TGS expects a very challenging market in 2020, where data licensing and pre-commitments to new projects may be deferred until clients have more visibility of an improvement in market conditions.

      TGS’ asset light business model allows the Company to reduce investments quickly to adapt to changes in demand. As a result of the significant changes in client spending and to preserve cash, the Company has decided to reduce 2020 multi-client investments to approximately USD 325 million from an original guidance of approximately USD 450 million. Further, the Company has taken actions to reduce operating cost. Through centralization of offices, a global salary freeze, temporary cessation of employee bonuses and right sizing of the organization, TGS expects a reduction in cash operating cost of approximately 35% compared to 2019 proforma numbers*. The significant reduction in operating costs and capital expenditures will protect the balance sheet during the unprecedented market conditions and position TGS uniquely to improve its competitive position in the future.

      TGS’ ambition of returning the Company’s value creation to shareholders through a combination of quarterly cash dividends and share buybacks remains firm. The dividend policy states an ambition to maintain a stable quarterly dividend through the year, but the actual level paid will be subject to continuous evaluation of market outlook, cash flow expectations, and balance sheet development. Due to the unprecedented decline in client demand, the Board of Directors has decided to reduce the Q1 quarterly dividend payable in May from USD 0.375 per share to USD 0.125 per share. Before concluding on dividend distribution in the coming quarters, the Board will continue to evaluate the situation in accordance with the Company’s dividend policy and further developments of COVID-19.

      “Recent geopolitical events and the impact of COVID-19 have put significant pressure on the global economy. While it remains uncertain how these factors could impact the future, history shows that an asset light business model with a flexible cost base is a great advantage. TGS remains committed to delivering industry leading returns and is well prepared to take further actions to rapidly adjust cost and capital expenditure to changes in the marketplace”, says Kristian Johansen, CEO of TGS.

      TGS will host a conference call today at CEST 15.00 where CEO Kristian Johansen will be available for Q&A. Attendees may want to call 5-10 minutes before CEST 3:00 pm to ensure registration and access.
      TGS | 12,83 €


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