SA News • Fri, Nov. 21
From other sites
at CNBC.com (Nov 11, 2014)
at CNBC.com (Nov 7, 2014)
at CNBC.com (Nov 4, 2014)
at MarketWatch.com (Oct 24, 2014)
at CNBC.com (Oct 24, 2014)
at CNBC.com (Oct 24, 2014)
There is research on this stock available only to PRO subscribers.
The World's Largest Chemical Company Offers A Great Yield
- At a market capitalization of almost $100 billion, BASF is the world's largest chemical company.
- The company offers favorable fundamentals compared to its peers.
- BASF currently yields three and a half percent and offers regular dividend increases.
- BASF has low multiples compared to its peer group and the broad market.
BASF Has Lagged On A Relative Basis, But Excels On Its Own Merits
- BASF generates stronger margins than its peers by virtue of significant ongoing R&D investments, strong internal process development, and major operational scale.
- Shifting toward higher value-added specialty chemicals is an ongoing process, but the company is already highly leveraged to the auto OEM, construction, consumer goods, and ag markets.
- BASF has lagged peers over the past 12 months, but does not appear all that cheap on DCF, EBITDA, or sales.
ReVolt, BASF Sign Zinc-Air Battery Development Deal
Fri, Nov. 21, 7:52 AM| Comment!
Mon, Nov. 17, 10:47 AM| Comment!
Fri, Oct. 24, 7:54 AM
- Net profit of €1.04B vs. €1.1B billion in the same period a year ago.
- Revenue by segment: Chemicals flat; Performance Products flat; Functional Materials & Solutions +2%; Agricultural Solutions -3%; Oil & Gas +17%; Other +3%.
- The company lowered its EBITDA forecast for 2015 to be between €10-€12B, down from an initial target of €14B.
Thu, Oct. 9, 9:08 AM
- BASF's (OTCQX:BASFY) Wintershall oil and gas unit says a major deal with Gazprom (OTCPK:OGZPY) to take over its German gas trading and storage remains on track for completion this fall.
- Comments by Gazprom CEO Alexei Miller that some projects dealing with end users in Europe "could undergo certain changes" led to speculation the deal's terms could be altered.
- Both parties have seen delays to the execution of the deal this year, citing legal reasons; now there is the context of rising tension between Russia and its western European business partners over Ukraine.
Wed, Oct. 8, 2:45 PM
- YPF (YPF +0.9%) and Gazprom (OTCPK:OGZPY) are in talks to sign a memorandum of understanding to develop natural gas in Argentina worth at least $1B, Argentina’s Industry Minister says.
- Gazprom officials will visit YPF as soon as November, the minister says after meeting with Gazprom Chairman Alexey Miller at the International Gas Forum in St. Petersburg.
- The MOU could include Germany’s BASF (OTCQX:BASFY) unit Wintershall, the minister says.
Tue, Sep. 30, 11:05 AM| Comment!
Fri, Sep. 12, 4:54 AM
- Statoil (NYSE:STO) is selling stakes in a number of oil and gas fields and a pipeline project to Germany's Wintershall (OTCQX:BASFY) for $1.25B in cash, plus another $50M if certain goals are met.
- "This transaction focuses our Norwegian continental shelf portfolio and further improves our capacity to invest in core areas," says Statoil President Arne Sigve Nylund.
- Statoil has divested more than $18B in assets since 2010, and plans to invest $20B annually between 2014 and 2016.
Fri, Sep. 5, 2:27 PM
- BASF (OTCQX:BASFY) was ordered yesterday by the U.S. Court of Appeals in Philadelphia to face claims it fraudulently hid evidence that its talc products contained asbestos as it sought to scuttle thousands of personal injury lawsuits.
- The court revived a suit alleging a unit of BASF systematically concealed damaging evidence and manufactured documents to defeat claims that its talc contained cancer-causing asbestos.
- BASF and other makers of building products are still grappling with asbestos litigation, which began in the 1970s and has turned into the longest-running mass tort in U.S. history.
Wed, Sep. 3, 10:45 AM
- Since 2013, BASF (OTCQX:BASFY +1.9%) has been providing ingredients for sunscreen production for the Regional Dermatology Training Center in Tanzania, which helps individuals with albinism. However, the company is now looking to develop a more suitable sunscreen that protects people even better.
- BASF is looking into a sunscreen that does not wash off in water like water-in-oil emulsions and is seeking to raise the "sun protection factor" to 50.
Thu, Aug. 28, 9:37 AM
- Opening its new production facility for concrete admixtures in Nairobi, BASF (OTCQX:BASFY) has put its first construction chemicals footprint in East Africa.
- The production site will allow the company to better meet increasing demand, and will produce standard and custom-made performance admixtures.
- The new facility is of great importance to the urban areas of Nairobi, Kenya, Kampala and Uganda, where transportation of concrete to construction sites takes longer due to high traffic.
Mon, Aug. 18, 9:41 AM| Comment!
Thu, Jul. 24, 9:55 AM
- BASF Shanghai Coatings, a joint venture between BASF (OTCQX:BASFY -1.8%) and Shanghai Huayi, has opened its new automotive coatings plant in Shanghai.
- The €50M investment for the new facility expands BASF's production capacity, strengthening its presence in China and as the leading coatings supplier in the automotive industry. (PR)
Mon, Jun. 30, 8:02 AM
- INEOS will acquire BASF’s (BASFY) 50% share in their joint venture Styrolution for €1.1B, by exercising a call option included in their shareholder agreement signed in 2011. Styrolution will operate as an independent company until the deal is completed.
- The transaction is expected to be completed in Q4 of 2014, and is still subject to antitrust approval. (PR)
Fri, May. 2, 11:56 AM
- BASF (BASFY -1.2%) says it is considering investing more than €1B ($1.39B) to build a gas complex on the U.S. Gulf coast to take advantage of low-cost shale gas; if completed, it would be the single-largest plant investment in the company's history.
- The methane-to-propylene complex would supply BASF's North American operations, converting natural gas into propylene, a building block for the chemicals industry.
- The plans were revealed as BASF reported a 2.1% rise in Q1 profit to €1.48B, reflecting improved margins in specialty chemicals and agriculture, while sales fell 1.1% to €19.5B due to delays in oil and gas production.
Thu, Mar. 13, 11:34 AM
- BASF (BASFY) energy production unit Wintershall says it is teaming with BP to produce oil and gas in the Middle East and North Africa, focusing on new and existing BP projects in the region.
- Wintershall says it wants to considerably increase its activities in the region despite continuing political turmoil there, in the hopes that the area eventually will complement the company's core markets in the Norwegian North Sea and Russia.
- Wintershall also eyes further asset buys off Norway to boost output.
Wed, Jan. 22, 9:38 AM
- RWE's (RWEOY) Dea oil and gas production and exploration unit has attracted at least three initial bids valuing the business at up to €5B ($6.8B) including debt, WSJ reports.
- But the German utility likely would generate much less cash than that from a deal because the overall valuation includes pension liabilities and debt of more than €700M.
- The highest valuation, at ~€5B, comes from Russian billionaire Mikhail Fridman through his energy investment vehicle L1 Energy; lower bids reportedly have come from Wintershall, the oil and gas exploration unit of German chemicals giant BASF (BASFY), and a consortium of KKR and Kuwait Petroleum Corp.
BASFY vs. ETF Alternatives
BASF is the world?s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and... More
Other News & PR