Centrica Following Through on Strategy
We are reaffirming our narrow moat and stable moat trend rating and our GBX 250 per share fair value estimate after Centrica announced that it has agreed to sell its Trinidad and Tobago gas assets to Royal Dutch Shell for $30 million plus further payments subject to certain production milestones. Also supporting our fair value estimate and moat rating, Centrica as operator and 40% owner of the Oda field, submitted its Plan for Development and Operation to the Ministry of Petroleum and Energy in ...Centrica is an energy and services company. Co.'s segment are: Energy Supply and Services, which supplies gas and electricity in the U.K. and North America; Connected Home, which supplies energy solutions and technologies to residential customers; Distributed Energy and Power, which supplies energy solutions, generation and technologies to commercial and industrial customers; Energy Marketing and Trading, which trades and optimizes energy; Exploration and Production, which produces and processes gas and oil and develops new fields; Central Power Generation, which generates power from combined cycle gas turbines, wind and nuclear assets; and Centrica Storage, gas storage in the U.K.
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