Shareworld's Guide to Investing - The Official Blog

Friday, 15 June 2012

Centrica (CNA) a BUY at 320p

Now that International Power shareholders have finally succumbed to the approaches of the French utility GDF-Suez, it leaves one less choice in the portfolio of UK-listed domestic utilities. Centrica is an interesting option for a switch. It is a diversified operator, pays out a decent dividend and has been on the receiving end of takeover speculation. Businesses include oil and gas exploration and production, known as upstream, and downstream; covering gas and electricity retail. In the words of the company's own website, it "sources, generates, processes, stores, trades, supplies and services energy." Read the full story here:

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