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Should I invest in BT shares right now?

first_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Jamie Adams | Wednesday, 19th May, 2021 | More on: BT-A Image source: BT Taking a quick look at BT Group‘s (LSE: BT-A) share price lately, it seems a pleasant sight. Despite the Covid-19 pandemic, this British telecom leader is on the rise. As of 18 May, it is trading at around 170p, up an impressive 55% from 110p a year ago.As a value investor, this recent jump has attracted my attention. I’m always looking for cheap shares that can diversify my portfolio, but I need to understand first if BT’s stock surge will likely continue.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Looking at BT’s financialsLike most businesses and individuals, 2020/21 has been tough for BT due to Covid-19. Rising costs related to the pandemic as well as fibre investments have hit BT’s bottom line. This was evident in its results for the year ending 31 March 2021. Revenue fell 7% year-on-year (YoY) to £21.3bn due to these increased costs, pre-tax profit plummeted 23% to £1.8bn, and free cash flow slumped by 27% to £1.46bn. It’s important to note though that much of this expenditure was necessary for growth. By investing heavily in full-fibre connections, BT is ensuring that it can keep up with the latest broadband offerings. That’s why management warned investors of further investment to come in 2021.BT’s share price potentialBT appears to be making some brave decisions in relation to its media business lately. Having dived head-on into television media in recent years, BT is now considering the sale of BT Sports. Talks have apparently been held with mega-companies such as Walt Disney and Amazon, although it is still early days. With a rumoured £12bn price tag on its sports offering, the sale could provide BT with a much-needed financial breather. The timing would be perfect too. The telecom leader is fully engaged in its capital-intensive project to roll out a large fibre optics network in the UK, to provide 25m households across the country access to high-speed Internet.By reducing its exposure in the media sector, where it does not have much scale for growth, and increasing its efforts in the telecom industry, where it is a leader, BT could reduce losses and increase income. Risks to BT sharesWith roughly £18bn in debt, BT’s balance sheet is not the healthiest looking. Annual interest payment are nearly £800m. If this problem persists, it will have an impact on the business’s ability to grow.If BT fails to find a solution to the money drain that is its sports division, these problems will only mount.So, is BT Group a buy?While there is never a guarantee of more to come for BT’s share price, I am cautiously optimistic. The company is clearly intent on getting back to what it does best: telecommunications. With 5G now firmly in the picture and BT’s dominance in the British market, where it holds an estimated 35% market share, a turnaround could well be on the cards.I’ll be keeping an eye on BT’s share price over the coming months. If it manages to offload BT Sports, I will seriously consider investing. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Should I invest in BT shares right now?center_img Jamie Adams has no position in BT Group. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address See all posts by Jamie Adamslast_img read more

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Shell Buys Turritella FPSO

first_imgShell Offshore revealed that its affiliate, Shell E and P Offshore Services, will exercise a contractual right to buy the Turritella floating, production, storage and offloading (FPSO) vessel from SBM Offshore. The 159,100 dwt vessel is contracted for the Stones deep-water development in the Gulf of Mexico, which began production last year.As informed, Shell and SBM will work over the next several months to achieve a “safe, smooth transition” of the vessel operations.“Transitioning the ownership and operations of the 2003-built vessel to Shell affiliates allows the company to pursue additional efficiencies and achieve cost improvements,” Shell explained.The Stones development is said to be the world’s deepest offshore oil and gas project and is scheduled to deliver approximately 50,000-barrels of oil equivalent per day (boe/d) by the end of this year.Turritella FPSO has a daily production capacity of approximately 60,000 barrels of oil and 15 million cubic feet of natural gas.Currently, Shell has three additional Gulf of Mexico deep-water projects under construction – Appomattox, Kaikias, and Coulomb Phase 2 – as well as options for additional subsea tiebacks and Vito, a potential, new hub in the region.last_img read more

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