Share Name Share Symbol Market Type Share ISIN Share Description
Royal Dutch Shell A LSE:RDSA London Ordinary Share GB00B03MLX29 'A' ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -20.00p -0.95% 2,084.50p 2,084.50p 2,085.00p 2,105.00p 2,082.50p 2,103.50p 1,437,331.00 14:04:57
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 189,165.5 4,539.8 47.0 44.8 92,320.50

Shell A Share Discussion Threads

Showing 651 to 670 of 675 messages
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
DateSubjectAuthorDiscuss
23/3/2017
12:50
Royal Dutch Shell (RDSa.L) is in talks with several potential buyers for its refinery outside of San Francisco, but the Anglo-Dutch oil giant is reluctant to part with its last asset in California, three people familiar with the process say. The company is in the midst of a massive asset sale, shedding properties from Thailand to the North Sea to pay down debt following its $54 billion purchase of smaller British rival BG Group last year. Shell, Europe's largest oil company, has sold around $15 billion of assets over the past year as part of a planned $30 billion in asset sales to trim debt incurred from the transaction. Bidders for Shell's 158,000 barrel-per-day Martinez refinery, located 30 miles (48 km) northeast of San Francisco, include PBF Energy (PBF.N) and NTR Partners III LLC. Still, sources familiar with the issue say the company wants to sell for a higher price, with one saying the plant could be valued at about $900 million. Shell, which barred potential buyers from hiring advisors during a first round of the auction, has since allowed third parties to review materials related to a sale, according to one person familiar with the negotiations. Shell declined to comment. PBF referenced its quarterly calls with analysts, where it has said it considers all refining and logistics assets that come on the market, but declined to comment on interest in the specific plant. NTR did not respond to requests for comment. Shell retained Lazard last year to advise on the overall asset sale program. In the fall, Shell retained Deutsche Bank to find a buyer for the Martinez facility. EXIT FROM CALIFORNIA? Over the past 15 years, Shell has sold refineries in Bakersfield and Wilmington, California. Selling the Martinez plant would mark its exit from the state. While state-specific emissions regulations and fuel standards make it more expensive to operate a refinery in California, the plant still drew interest because of its location and ability to process local crude. Among the bidders, PBF bought a refinery in Torrance, California last year, while privately held NTR Partners has bid on other California plants. Also In Global Energy News As Trump targets energy rules, oil companies downplay their impact UPDATE 2-Vienna Airport appeals against ban on expansion California's environmental regulations and pipeline connections make the state an island, with few sources for gasoline imports. As a result, when one plant in California is shuttered, margins at other refineries in the state surge. Most operators in the state own more than one plant. PBF, one of the only California refiners with a single operation, would consider buying a second to hedge against disruptions at its troubled Torrance refinery, Jeff Dill, PBF's president for West Coast operations said last month. The Martinez refinery, which has been operating since 1915, processes crude into gasoline, jet fuel, diesel and other refined products and has a coker unit for processing heavy crude. The potential sale would include a pipeline that brings crude produced in California's San Joaquin Valley to the refinery. (Reporting By Jessica Resnick-Ault in New York and Ron Bousso in London; Additional reporting by Jarrett Renshaw and David French in New York and Liz Hampton in Houston; Editing by Bernadette Baum)
waldron
22/3/2017
07:03
Https://www.youtube.com/watch?v=1IdhOXh_g7s
ariane
21/3/2017
21:54
Https://www.bloomberg.com/news/features/2017-03-21/big-oil-s-plan-to-buy-into-the-shale-boom
ariane
21/3/2017
07:44
Oil prices rise on talk that OPEC could extend supply cut Updated / Tuesday, 21 Mar 2017 07:29 Strong demand for oil is working to slowly erode a global fuel supply overhang Strong demand for oil is working to slowly erode a global fuel supply overhang Oil prices rose today on expectations that an OPEC-led production cut to prop up the market could be extended. Strong demand is also working to slowly erode a global fuel supply overhang. Prices for front-month Brent crude futures, the international benchmark for oil, were at $51.86 per barrel early this morning up 24 cents, or 0.5%, from their last close. US West Texas Intermediate (WTI) crude futures were up 13 cents, or 0.3%, at $48.35 a barrel. The Organisation of the Petroleum Exporting Countries, together with other producers including Russia, has pledged to cut its output by almost 1.8 million barrels per day (bpd) between January and June in an effort to prop up prices and rein in a global supply glut that has dogged markets for almost three years. Yet so far the cutback has not had the desired effect as compliance by involved exporters is patchy and as other producers, including the US, have stepped up to fill the gap, resulting in crude prices falling more than 10% since the beginning of the year. To halt the decline, OPEC members increasingly favour extending the pact beyond June to balance the market, sources within the group said, although they added that this would require non-OPEC members like Russia to also step up their efforts. Traders also said that healthy oil demand would help rebalance markets and support prices.
waldron
16/3/2017
14:01
Royal Dutch Shell Plc 22.1% Potential Upside Indicated by HSBC Posted by: Amilia Stone 16th March 2017 Royal Dutch Shell Plc using EPIC/TICKER code LON:RDSA had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. HSBC have set a target price of 2600 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 22.1% from today’s opening price of 2129 GBX. Over the last 30 and 90 trading days the company share price has decreased 43.5 points and decreased 38 points respectively. Royal Dutch Shell Plc LON:RDSA has a 50 day moving average of 2,185.05 GBX and a 200 Day Moving Average share price is recorded at 2,053.47 GBX. The 1 year high for the share price is 2295.5 GBX while the year low stock price is currently 1622 GBX. There are currently 9,693,247,496 shares in issue with the average daily volume traded being 6,316,343. Market capitalisation for LON:RDSA is £207,726,293,839 GBP. Royal Dutch Shell Plc is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas.
grupo guitarlumber
14/3/2017
19:15
Http://www.cnbc.com/2017/03/14/energy-companies-feeling-pain-from-saudi-arabia-production-and-low-oil-prices.html
waldron
14/3/2017
10:27
Home » Reports » Broker Ratings » Royal Dutch Shell Plc 14.9% Potential Upside Indicated by Credit Suisse broker ratings Royal Dutch Shell Plc 14.9% Potential Upside Indicated by Credit Suisse Posted by: Amilia Stone 14th March 2017 Royal Dutch Shell Plc with EPIC/TICKER LON:RDSA has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; this morning by analysts at Credit Suisse. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Credit Suisse have set their target price at 2450 GBX on its stock. This now indicates the analyst believes there is a possible upside of 14.9% from today’s opening price of 2131.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 42 points and increased 3.5 points respectively. Royal Dutch Shell Plc LON:RDSA has a 50 day moving average of 2,191.11 GBX and a 200 Day Moving Average share price is recorded at 2,052.72 GBX. The 52 week high for the share price is currently at 2295.5 GBX while the year low share price is currently 1622 GBX. There are currently 9,585,824,098 shares in issue with the average daily volume traded being 6,316,343. Market capitalisation for LON:RDSA is £203,794,620,323 GBP. Royal Dutch Shell Plc is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas.
waldron
13/3/2017
14:55
CERAWeek `17: Shell to develop transition framework over next two decades By Craig Fleming, Technical Editor, World Oil on 3/10/2017 HOUSTON – Royal Dutch Shell plans to shift its business model in the next several decades to a mix of renewables and traditional fossil fuels, said Shell CEO Ben van Beurden, during a keynote address given Thursday at the 2017 CERAWeek conference in Houston. The shift, he said, will enable the company to focus on creating less carbon dioxide, overall, but it will not target a specific industry for reduction. Shell is concerned about governmental regulations centered on carbon pricing mechanisms. Mr. van Beurden added that the fastest and most inexpensive way to accomplish a cleaner footprint is to switch energy generation to natural gas. This was the strategy behind Shell’s BG Group acquisition, which now brings the firm’s energy portfolio to 50% gas. The integration of BG’s assets and personnel is now complete. null Royal Dutch Shell plans to shift its business model in the next several decades to a mix of renewables and traditional fossil fuels, said Shell CEO Ben van Beurden, during a keynote address given Thursday at CERAWeek. Going forward, van Beurden said the company will strive to balance its portfolio by targeting traditional oil and gas, integrated gas operations, shale plays and new energy methodologies, including offshore wind generators. The new business model is designed to move the company toward fulfilling its oblations under the UN’s Paris Agreement on climate change to reduce carbon dioxide emissions, starting in 2020. “The transition toward cleaner energy will be a multi-decade initiative that will move the industry toward less carbon output by putting a price on carbon emissions.” Mr. van Beurden stressed that this initiative is important and will help re-establish the public’s trust, and the agreement will play a role in providing a mindset change. A major plank in the transition initiative is to reduce the overall use of crude oil. Asked to envision when he thinks peak oil use will occur, van Beurden said, “within a decade, depending on several variables.” As energy demand is expected to double in the next 15 years, van Beurden sees growth opportunities in the LNG market to help fill the energy gap. Lowering breakeven costs. On Thursday morning, Shell announced that it sold its Canadian oil sands business unit for $7.25 billion. Mr van Beurden said the oil sands operation is “a high-value” business, but he felt it could be run more efficiently by another company. Although the environmental impact of the mining operation was not mentioned, the divestiture will help Shell conform to its transition policy and build its image as a clean energy provider. Van Beurden said Shell’s exit from Alaska offshore was due mainly to “regulatory pressures,” high development costs, and that the last well drilled by the firm was a dry hole. He went on to say, even if substantial reserves were discovered, it was not likely that the company would have elected to develop the reserves. In Shell’s U.S. shale plays, the company has managed to lower costs 40% in the last several years. In the Permian basin, the company’s break-even cost is now $40/bbl. In Argentina’s Neuquén province, Shell is developing its Vaca Muerta shale acreage and has purchased a substantial new block of drilling rights surrounding a successful horizontal operation. The well cost just $5.0 million and was the “cheapest̶1; such borehole drilled in Argentina, to date. Mr van Beurden concluded by saying that within Shell’s conventional oil and gas business, “we want to make shale equally weighted with our deepwater reserve base."
waldron
10/3/2017
17:27
Royal Dutch Shell Q4 2016 Euro and GBP Equivalent Dividend Payments 10/03/2017 4:43pm UK Regulatory (RNS & others) TIDMRDSA TIDMRDSB ROYAL DUTCH SHELL PLC FOURTH QUARTER 2016 EURO AND GBP EQUIVALENT DIVIDEND PAYMENTS The Hague, March 10, 2017 - The Board of Royal Dutch Shell plc ("RDS") today announced the pounds sterling and euro equivalent dividend payments in respect of the fourth quarter 2016 interim dividend, which was announced on February 2, 2017 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share"). Dividends on A Shares will be paid, by default, in euro at the rate of EUR0.4420 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by March 3, 2017 will be entitled to a dividend of 38.64p per A Share. Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 38.64p per B Share. Holders of B Shares who have validly submitted euro currency elections by March 3, 2017 will be entitled to a dividend of EUR0.4420 per B Share. This dividend will be payable on March 27, 2017 to those members whose names were on the Register of Members on February 17, 2017. Taxation - cash dividend Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which has been formalised in law with effect from January 2017), and depending on their particular circumstances, non-Dutch resident shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax. Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit has been abolished, and a new tax free dividend allowance of GBP5,000 introduced. Dividend income in excess of the allowance will be taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate. If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor. Royal Dutch Shell plc
ariane
10/3/2017
10:00
Pounds sterling and euro equivalents March 10, 2017 announcement date Payment date March 27, 2017
ariane
09/3/2017
17:57
March 9, 2017, 12:29 P.M. ET Marathon, Shell & Canadian Natural: Everyone’s a Winner! Well, Almost Everyone. By Ben Levisohn Sometimes a deal is so good, everyone gains. Or almost everyone. That’s the case with the deal announced by Marathon Oil (MRO), Canadian Natural Resources (CNQ), and Royal Dutch Shell (RDS.A). Getty Images It’s a complicated deal, one that I’ll let Cowen’s Sam Margolin and team explain: Under the first agreement, RDS will sell its entire 60% interest in Athabasca Oil Sands Project, its 100% interest in the Peace River Complex in-situ assets which includes Carmom Creek and a number of other oil sands leases in Canada. As the buyer, Canadian Natural will pay consideration of $8.5B through $5.4B cash, $3.1B shares. Under a separate agreement, RDS and CNQ will jointly acquire MRO Canada operations including 20% stake in the Athabasca project for $1.25B each in cash. The total net consideration from both transactions to RDS is approximately $7.25B ($4.15B cash, $3.1B stock). We note, RDS net implied sales price of 17.4x operating cash flow was higher than MRO sales price of 15x, albeit a larger stake and partial stock consideration… We view the transaction positively as it renders a material deleveraging contribution and puts [RDS] ahead of schedule to realize its large $30B divestment program. Incremental sales should provide upside as proceeds reduce elevated leverage ratios. RBC’s Scott Hanold warns investors not to overlook Marathon’s purchase of acres in the Permian basin: Marathon Oil (MRO) announced the acquisition of 70,000 net surface acres in the Permian Basin, including 51,500 net acres in northern Delaware Basin, from BC Operating (private) for $1.1 billion. Separately, the company announced the divestiture of its non-operated interest in the Canadian Oil Sands for $2.5 billion. Proceeds from the divestiture will be used to fund resource capture, development capital expenditures, debt reduction, and general corporate purposes. Shares of Marathon Oil have gained 4% to $15.47 at 12:18 p.m. today, while Canadian Natural Resources has climbed 6.1% to $30.99, and Royal Dutch Shell is off 0.5% at $50.82.
the grumpy old men
09/3/2017
08:56
Shell to Sell Canadian Oil-Sands Business for $7.25 Billion 09/03/2017 8:17am Dow Jones News Shell A (LSE:RDSA) Intraday Stock Chart Today : Thursday 9 March 2017 Click Here for more Shell A Charts. By Ian Walker LONDON-- Royal Dutch Shell PLC is selling its oil sands interests in Canada in a two-part deal worth $7.25 billion, as part of the oil major's plan to reshape the business. In the first part of the deal, Shell will sell its 60% interest in the Athabasca oil sands project, its 100% interest in the Peace River complex in situ assets and a number of undeveloped oil sands leases in Alberta, Canada, to a subsidiary of Canadian Natural Resources Ltd. for $8.5 billion in shares and cash. Secondly, Shell and Canadian Natural will jointly buy and equally-own Marathon Oil Canada Corporation--which holds a 20% interest in the Athabasca oil sands project--from Marathon Oil Corp. for $1.25 billion each in cash. Shell's chief executive, Ben van Beurden, said: "We are strengthening Shell's world-class investment case by focusing on free cash flow and higher returns on capital, and prioritizing businesses where we have global scale and a competitive advantage such as integrated gas and deep water. "The proceeds will accelerate free cash flow and reduce gearing and make a meaningful contribution to Shell's $30 billion divestment program," he added. Marathon Oil also said Thursday that it would buy about 70,000 net surface acres in the U.S.'s Permian Basin from BC Operating Inc. and other entities for $1.1 billion in cash. Marathon Oil said the Canadian oil sands deal is expected to close in mid-2017, while the Permian Basin deal will close in the second quarter of 2017. Write to Ian Walker at [email protected] (END) Dow Jones Newswires March 09, 2017 03:02 ET (08:02 GMT)
maywillow
07/3/2017
14:30
Pounds sterling and euro equivalents March 10, 2017 announcement date Payment date March 27, 2017
la forge
06/3/2017
18:30
'Second wave' of US shale-inspired oil glut around the corner, warns IEA's Fatih Birol IEA executive director sees massive supply-demand imbalances over the next three to five years. Gaurav Sharma By Gaurav Sharma in Houston, Texas, USA March 6, 2017 18:03 GMT Fatih Birol IEA Executive director of the International Energy Agency Dr Fatih Birol (centre) speaks at IHS CERAWeek in Houston, Texas, USA on 6 March, 2017.Gaurav Sharma / IB Times UK Another oil supply glut triggered by rising US crude production is on the horizon, according to Dr Fatih Birol, executive director of the International Energy Agency. Commenting on the ongoing tug of war between the upside price risk of Opec crude production cuts versus the downside drag of higher US production on Monday (6 March), at CERAWeek in Houston, Texas, USA, Dr Birol said: "We are witnessing the start of a second wave of a US shale oil glut. This second wave is unmistakable. Of course, there is a risk that oil prices could be heading lower." More business news UK car sector slows down in February after two-year boom FX Focus: Pound falls to six-week low against the euro as markets await Spring Budget Why advertise with us However, the IEA official said a lower price environment could create massive problems down the road should it lead to chronic under-investment in oil and gas projects. "In fact, we see significant risk of prices rising sharply starting 2020, unless significant oil and gas projects are commenced." On the demand side, Birol said India is overtaking China as the centre of oil demand growth. "Oil demand is not peaking, and it will continue to grow steadily. "We expect global oil demand to grow by 100 million barrels per day by 2019, with from China and India jointly responsible for half of global demand growth. It is why the IEA remains concerned about supply-demand balance around 2020."
waldron
03/3/2017
10:39
broker ratings Royal Dutch Shell Plc 31.5% Potential Upside Indicated by Barclays Capital Posted by: Amilia Stone 3rd March 2017 Royal Dutch Shell Plc with EPIC/TICKER LON:RDSA had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at Barclays Capital. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. Barclays Capital have set a target price of 2800 GBX on its stock. This is indicating the analyst believes there is a potential upside of 31.5% from today’s opening price of 2128.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 8.5 points and increased 108 points respectively. Royal Dutch Shell Plc LON:RDSA has a 50 day moving average of 2,202.80 GBX and the 200 Day Moving Average price is recorded at 2,040.02 GBX. The 1 year high share price is 2295.5 GBX while the 52 week low for the stock is 1622 GBX. There are currently 9,540,830,791 shares in issue with the average daily volume traded being 5,843,460. Market capitalisation for LON:RDSA is £203,887,554,004 GBP. Royal Dutch Shell Plc is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas.
sarkasm
02/3/2017
14:32
Oil falls as record US crude supplies offset Opec output cuts Brent for May settlement declines 15 cents, or 0.3%, to $56.36 a barrel on the ICE Futures Europe exchange Published: 15:28 March 2, 2017 Gulf News Bloomberg New York: Oil dropped after government data showed that US crude stockpiles rose to a record, offsetting Opec’s efforts to drain a global glut. Crude supplies climbed 1.5 million barrels to 520.2 million barrels, the highest in weekly data going back to 1982. A 3-million-barrel supplies gain was projected by analysts surveyed by Bloomberg before the Energy Information Administration report. Compliance among the 10 Opec members that pledged to cut production rose to 89 per cent, while gains from other members meant total output rose slightly, consultant JBC Energy said. As the Organisation of Petroleum Exporting Countries and 11 non-member nations work to reduce supply to end a three-year glut, US producers are ramping up, sowing speculation they may fill the gap. That has so far subdued price swings, sending the Chicago Board Options Exchange Crude Oil Volatility Index on Monday to the lowest since October 2014. “The market’s still in a struggle between Opec cuts and the reality that there’s a lot of oil in storage here,” Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts, said by telephone. “We need to start seeing supply declines here pretty soon or the market will be in trouble.” West Texas Intermediate for April delivery slipped 18 cents, or 0.3 per cent, to close at $53.83 a barrel on the New York Mercantile Exchange. Futures bounced between $51.22 and $54.94 in February, the tightest range since August 2003. Brent for May settlement declined 15 cents, or 0.3 per cent, to $56.36 a barrel on the London-based ICE Futures Europe exchange. The April contract dropped 0.6 per cent to expire at $55.59 on Tuesday. The global benchmark closed at a $2.08 premium to May WTI. Refinery demand Refineries boosted the amount of crude they processed for the first time in seven weeks. Refiners typically plan maintenance programs for low-demand periods such as February when there’s a lull between winter preparations and the summer surge of gasoline consumption. “It’s good to see the build was a little lighter than expected,” Brian Kessens, a managing director and portfolio manager at Tortoise Capital Advisors LLC in Leawood, Kansas, who helps manage $17.1 billion in energy assets, said by telephone. “Refinery utilisation picked up a little bit, which might explain the smaller-than-expected gain.” Gasoline stockpiles fell 546,000 barrels, while inventories of distillate fuel, a category that includes diesel and heating oil, slipped 925,000 barrels.
waldron
28/2/2017
14:53
Home » Reports » Broker Ratings » Royal Dutch Shell Plc 24% Potential Upside Indicated by JP Morgan Cazenove broker ratings Royal Dutch Shell Plc 24% Potential Upside Indicated by JP Morgan Cazenove Posted by: Amilia Stone 27th February 2017 Royal Dutch Shell Plc with EPIC/TICKER LON:RDSA has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; this morning by analysts at JP Morgan Cazenove. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set a target price of 2600 GBX on its stock. This would imply the analyst believes there is now a potential upside of 24% from the opening price of 2096 GBX. Over the last 30 and 90 trading days the company share price has decreased 58 points and increased 111 points respectively. Royal Dutch Shell Plc LON:RDSA has a 50 day moving average of 2,210.87 GBX and a 200 Day Moving Average share price is recorded at 2,031.10 GBX. The 1 year high share price is 2295.5 GBX while the 52 week low for the stock is 1607.5 GBX. There are currently 9,805,470,333 shares in issue with the average daily volume traded being 5,568,440. Market capitalisation for LON:RDSA is £204,738,220,553 GBP. Royal Dutch Shell Plc is an independent oil and gas company, based in the United Kingdom. It operates in three segments: Upstream, Downstream and Corporate. Upstream combines the operating segments Upstream International and Upstream Americas.
grupo guitarlumber
26/2/2017
19:35
Saudi Aramco IPO to impact markets in many ways By Filipe Pacheco and Samuel Potter on 2/26/2017 DUBAI (Bloomberg) -- The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets. The highly-anticipated share sale has become emblematic of Saudi Arabia’s push to transform its economy and open its doors to more foreign capital. Whatever you think of the valuations involved -- be it the $2 trillion once suggested by Crown Prince Mohammed bin Salman or the $400 billion estimate said to have been made by consultant Wood Mackenzie Ltd. -- the offering has the potential to make waves in markets from Tokyo to Toronto. Aramco’s “partial privatization will bring much attention on Saudi Arabia,” said Michael Bolliger, the Zurich-based head of emerging-market asset allocation at UBS Wealth Management, which has clients worth $2.1 trillion. “As part of a broader privatization program of state-owned companies, it reinforces the message that the kingdom’s strategy is to develop a domestic capital market and gradually open it up to international investors.” Here’s a look at how Aramco’s listing may impact markets: Stock markets Saudi Arabia’s domestic stock exchange, known as the Tadawul, has a total market capitalization of about $440 billion, making it the largest in the Middle East. A sale of just 5% of Aramco could raise more than $100 billion, according to some estimates. That would crown it as the biggest listing ever but also mean absorption of the whole deal on the local exchange would be near impossible. Throw in the shortage of foreign participation in the Tadawul -- overseas investors account for about 4% of ownership -- and Saudi Arabia has little choice but to share the Aramco listing with at least one international partner. Singapore, the biggest oil-trading center in Asia, is so keen to host the listing that it is considering inviting one of its state investment companies to become a cornerstone investor in the initial public offering, according to people familiar with the matter. The country is also looking at cooperating with the Saudi government on future investments, they said. Aramco officials have also received pitches on a potential Hong Kong listing, which could come with anchor investments from deep-pocketed Chinese funds. Executives at Aramco have mentioned the possibility of listing in London, New York, Tokyo or Toronto. Stock indexes The largest IPO in history will have an impact even beyond where it’s listed, rippling through the benchmark stock gauges tracked by investors globally. Saudi Arabia expects MSCI Emerging Markets Index inclusion in the near future, the exchange’s chief executive officer said on Sunday. Assuming a 5% float, Aramco alone would account for about 2.4% of the gauge, according to estimates by Mohamad Al Hajj, a Dubai-based equity strategist for the Middle East and North Africa at EFG-Hermes Holding. That would be enough to propel it into the top five companies by weighting alongside Samsung Electronics Co. and Alibaba Group Holding Ltd. Aramco’s listing would almost double Saudi Arabia’s presence in the benchmark measure, which would be about 2.8% based on the Tadawul currently. The inclusion of the oil-giant would lead to passive inflows of $6.6 billion from MSCI trackers, and $2.5 billion from FTSE investors, Al Hajj estimated. Oil prices Saudi Arabia, the world’s largest oil exporter, told OPEC earlier this month that it cut crude production by the most in more than eight years. The key to Aramco’s IPO price -- and the success of its offering -- will be the value of crude. Even with the global shift to cleaner fuels, oil is expected to continue providing about a third of world energy for the next two decades. Currencies Forward contracts for the Saudi riyal have emerged as the place to bet against the country’s more than three-decades old peg to the U.S. dollar. Foreign reserves held by the Saudi Arabia Monetary Agency have dropped more than $200 billion since August 2014 to $528 billion at the end of December, as the kingdom used savings to shore up public finances. Raising $17.5 billion in its debut sovereign bond sale helped cut the one-year forwards to the lowest level in 18 months; expect the influx of Aramco cash to deter further bets against the fix. Interbank lending Aramco’s listing could also filter into the kingdom’s financial system. The three-month Saudi Interbank Offered Rate, used by lenders to price loans and a key gauge of stress, climbed to the highest since the global financial crisis in October. Following the country’s bond sale -- a record for an emerging-market nation -- it has been declining. Aramco’s share sale is likely to flood the kingdom’s banks with liquidity, further depressing the measure known as Saibor.
waldron
25/2/2017
18:52
Norway’s Statoil ASA, the U.K.’s Royal Dutch Shell Plc and France’s Total SA have paid billions since 2013 to gain access to Brazil’s fertile offshore oil riches. They’re now seen as having the best chance to expand when Brazil later this year auctions four more blocks in the prolific play known as the pre-salt along the country’s east coast. The region already produces about 1.3 million barrels of crude a day. By 2023, that’s set to surpass 2 million barrels a day, eclipsing Norway and a majority of OPEC producers. Such a move offers the Europeans a solid return on their investment and Brazil perhaps its best chance at an economic revival following a major corruption probe involving the state-owned energy company, Petroleo Brasileiro SA. The Europeans “definitely have a leg up, there’s no question,” said Cleveland Jones, a geologist at Rio de Janeiro State University, citing the companies familiarity with the government and the region’s deep-water geology. “They’ve done what is a very strategically positive thing for them, though it doesn’t close the door to anybody.” The decision to open Brazil’s most prized energy discovery to outsiders was spurred by the financial and legal struggles at Petrobras following a sprawling corruption scandal. During the commodities boom, the company lost billions investing in unprofitable refineries and subsidizing fuel imports, resulting in the loss of its investment grade rating. Related Articles Total and Petrobras sign assets package agreement Lebanon set to join East Mediterranean race for oil and gas Opinion: Why Mexico's oil reform is a huge opportunity for investors The pre-salt region was formed when the South American and African continents began separating more than 100 million years ago, gaining its name from a thick salt layer that blankets the deposits. Production of oil and natural gas began in 2010 at the Lula deposit, which has become Brazil’s largest producing field at 711,000 barrels a day. Production Peak The National Petroleum Agency, or ANP, expects more than half of Brazil’s output to come from pre-salt wells when production peaks at nearly 4.5 million barrels a day in 2025, according to a presentation on its website. Last year, Statoil forged a $2.5 billion deal with Petrobras for a majority stake in a bloc that holds the region’s Carcara deposit. The Stavanger-based producer has said it will compete in in the next round of bidding for an adjacent area to control the entire deposit. Shell, meanwhile, is the operator of the Gato do Mato field, one of the first auctioned off by Brazil. That block also stretches beyond the original concession boundaries, and the company has said it too will bid in the upcoming round. Total’s Stake In December, Total agreed to buy a controlling stake in the Lapa field in a $2.2 billion deal that also includes a minority stake in the Berbigao field that is set to start pumping in 2018. While Total’s press office declined to comment on whether the company will join the bidding in September, Chief Executive Officer Patrick Pouyanne extolled the virtues of Brazil’s oil future in a Bloomberg television interview in New York on Tuesday. “In the oil and gas business you go where you find oil and gas,” Pouyanne said. “One of Total’s strengths is deepwater; we are able to develop deep-water fields. In Africa and Brazil is the obvious place where we can find these types of huge resources.” Total has a history of teaming up with national oil companies around the world, and is interested in working with Petrobras as a minority partner as well as operating its own projects in Brazil, Pouyanne said. The other two areas up for auction, Sapinhoa and Tartaruga Mestica, are operated by Petrobras. Brazil is also planning to offer an estimated three unlicensed pre-salt areas in November where companies other than Petrobras can bid to control operations after Congress changed legislation last year. This second bidding round is likely to draw the widest interest and bring new operators to Brazil’s oil industry, said Marcio Felix, the Energy Ministry’s oil and gas secretary, in an interview last month. Future Bidding The 2017 bidding schedule also includes a round for deep-water fields outside of the pre-salt later in the year, and another in May for 10 mature fields for small and mid-sized producers. The government hasn’t announced specific areas for the later round. Petrobras is also likely to continue selling offshore acreage to slash debt, offering another avenue for oil companies to expand in Brazil, said Horacio Cuenca, an analyst at energy consultancy Wood Mackenzie Ltd. “If international companies come and make the right offer, Petrobras will accept,” said Cuenca. “Especially anything that has development capex ahead of it.’’
la forge
24/2/2017
10:27
Closing of scrip election and currency March 3, 2017 election (See Note) Pounds sterling and euro equivalents March 10, 2017 announcement date Payment date March 27, 2017
grupo
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20170323 14:20:12