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Sunday, 16 December 2012

BG Group (BG.) - Buy

At the end of October BG Group suffered its biggest ever share price fall. As one of the UK’s most respected oil and gas explorers the warning on production numbers

caught investors off-guard and, at one point, knocked as much as one-fifth off the value of the shares. Shareholders and analysts were taken aback by the shock profit

warning, not least because the quarterly figures were released a day earlier than expected. Despite a 16 per cent rise in third-quarter profits to US$1.6bn, and a five

per cent increase in production, it was the outlook for 2013 that caused concern and the big sell-off.

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