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APA, BHP, Caltex, Rio, Santos, Strike, Wesfarmers: Australia Stock Preview
The following is a list of companies whose shares may rise or fall in Australia. This preview includes news announced after markets closed. All prices are from yesterday’s close unless otherwise stated.
The S&P/ASX 200 Index futures contract due in September rose 0.7 percent to 4,559 as of 6:59 a.m. in Sydney. The Bank of New York Australia ADR Index advanced 0.2 percent. The S&P/ASX 200 Index gained 0.8 percent to 4,532.70.
Mining shares: Copper futures for December delivery climbed 0.5 percent to close at $3.4955 a pound at 1:17 p.m. in New York.
BHP Billiton Ltd. (BHP AU), the world’s largest mining company, advanced 1.1 percent to A$38.32 in Sydney. Its American depositary receipts climbed 0.1 percent in New York trading.
BHP is interested in buying Anadarko Petroleum Corp., the Australian newspaper reported, citing a senior energy industry official it didn’t identify. BHP declined to comment on the report in an e-mailed response to a query from Bloomberg News.
Rio Tinto Group (RIO AU), the world’s third-biggest miner, gained 1.2 percent to A$73.12 in Sydney.
Oil companies: Crude oil for October delivery rose 1.5 percent to settle at $75.02 a barrel on the New York Mercantile Exchange.
Caltex Australia Ltd. (CTX AU), the nation’s biggest oil refiner, climbed 2.9 percent to A$11.34. Woodside Petroleum Ltd. (WPL AU), Australia’s second-largest oil and gas producer, rose 0.8 percent to A$43.23.
APA Group (APA AU): The company, whose pipelines carry more than half Australia’s natural gas, was raised to “buy” from “hold” by analysts at Royal Bank of Scotland Group Plc. The stock declined 0.3 percent to A$3.76.
Santos Ltd. (STO AU): The Australian oil and gas company hired Deutsche Bank AG and UBS AG to arrange meetings with European credit investors, according to a person with knowledge of the roadshow. The company is considering a sale of hybrid securities, the person said. The shares fell 1.6 percent to A$14.06.
Strike Resources Ltd. (SRK AU): Xstrata Plc, the world’s fourth-largest copper producer, and Australian iron-ore company Strike may build a railroad to transport copper and iron ore to a port from Peru’s southern Andes, the country’s president, Alan Garcia, said. Strike gained 3.5 percent to 44 Australian cents.
Wesfarmers Ltd. (WES AU): Australia’s second-largest retailer has walked away from the auction of Griffin Coal Mining Co. after eight months of research, the Australian Financial Review reported in its Street Talk Column, citing Wesfarmers Chief Executive Officer Richard Goyder. The shares climbed 1.7 percent to A$33.29.
To contact the reporter for this story: Lisa Pham in Sydney at lpham14@bloomberg.net.
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