bigger discount28 Jan 2013 11:07
Theepan Jothilingam, a London-based analyst at Nomura Holdings Inc., estimates BG’s net asset value is about 1,929 pence a share, assuming an average oil price of $95 a barrel. BG’s stock closed 42 percent less than that yesterday, a bigger discount to the value of its underlying assets than any other European integrated oil company, Jothilingam wrote in a Jan. 18 report.