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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Centrica    CNA   GB00B033F229

CENTRICA (CNA)
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Centrica: Shale Gas Won't Transform UK Energy

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05/03/2012 | 05:47pm CEST

The U.K.'s shale gas resources could prove to be important, but they won't totally transform the energy landscape in the U.K., said Mark Hanafin, managing director of the energy production division of U.K. utility Centrica PLC (>> Centrica PLC) Thursday.

"U.K. shale production--I think it's important and we should develop it, but I don't think it's going to be a game changer," Hanafin told reporters on the sidelines of the Petrostrategies conference in Paris.

"I don't think it changes the British government's desire, which is the right one, to have a very diversified energy mix. That means nuclear, it means gas, it means renewables," he said.

Centrica, and its partner Electricite de France SA (>> EDF), are still talking to the U.K. government about ways to support and minimize the risk of investment in a fleet of new nuclear power stations, Hanafin said.

There is a lot of work still to do before the final decision to build new plants can be taken at the end of this year, he said.

-By James Herron; [email protected]; +44 207 842 9317

Stocks mentioned in the article : Centrica PLC, Centrica PLC, EDF
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Financials ( GBP)
Sales 2017 28 240 M
EBIT 2017 1 467 M
Net income 2017 749 M
Debt 2017 2 996 M
Yield 2017 7,05%
P/E ratio 2017 12,20
P/E ratio 2018 10,78
EV / Sales 2017 0,45x
EV / Sales 2018 0,44x
Capitalization 9 659 M
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Technical analysis trends CENTRICA
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 19
Average target price 2,01  GBP
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Iain C. Conn Chief Executive Officer & Director
Richard Neil Haythornthwaite Chairman
Jeff Bell Group Chief Financial Officer & Director
Charles Cameron Director-Technology & Engineering
Mike Young Group Chief Information Officer
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