Shell Share Discussion Threads

[supermarky] 28/9/2015 23:16

Yes even though it's unfortunate news it also removes risk and further cost.

[11_percent] 28/9/2015 22:55

It was a good thing.

[supermarky] 28/9/2015 22:48

Arctic shelving could be looked on as a good thing.

[emptyend] 28/9/2015 21:40

No they don't. What they needed to do was to rationally adjust their capex programme - and cutting the Alaska venture was an obvious one, given the risk/reward has been shown to be less than originally expected.If Shell really believe their LNG strategy, then the BG deal "makes sense at a wide range of prices" as the CEO said at the last results. If they don't believe in their LNG strategy, then the shares are rather over-valued......

[adon] 28/9/2015 16:30

Shell need to reconsider bid for BG, if they take on the excessive debt, we might end up being shorted to bits like Glencore. These guys have inflated egoes, not good for pensions or the ordinary shareholder.

[ttg100] 28/9/2015 13:42

yup will do me
added a few more

[essentialinvestor] 28/9/2015 10:34

Well that's approx $4 Billion flushed away, dear me.

Looking to begin buying back in here.

[losos] 28/9/2015 10:12

Orient - "just to much risk & cost associated with Alaska!"

Allegedly Hilary Clinton would vigourously campaign to stop artic drilling which just adds to the risks. Shell CEO has recently said that no oil would flow until at least 2030 so all in all best to get out now. Doesn't seem to have altered the share price much today 'tho.

[11_percent] 28/9/2015 07:57

Yep, positive.

[0rient] 28/9/2015 07:44

Be interesting to see how the market views this..might even be positive as just to much risk & cost associated with Alaska!

[zho] 28/9/2015 07:41

Royal Dutch Shell has been forced to abandon its search for oil in the Arctic waters off Alaska after its explotaion well tests found little resources in the area.

[shaggies_view] 28/9/2015 07:37

Shell stops drilling in the Arctic. Found oil and gas but not in commercial quantities.

Still a holder with an average of 1704p. Happy to wait and buy on any uptick in prices.

Shaggy

[essentialinvestor] 27/9/2015 14:50

May start buying back in here this week, end of month
so expect some volatility.


Chanos made a good call on the sector yes, he was bearish from about late 2013
from memory.

[ariane] 26/9/2015 21:00

Advance notice of 3rd quarter 2015 results and 3rd quarter interim dividend announcement
25 Sep 2015
On Thursday, October 29, 2015 at 07.00 GMT (08.00 CET and 03.00 EDT) Royal Dutch Shell plc will release its third quarter results and third quarter interim dividend announcement for 2015.

These announcements will be available on
Enquiries
Advance notice of 3rd quarter 2015 results and 3rd quarter interim dividend announcement

Shell Media Relations

International: [phone]



Shell Investor Relations

International: + 31 70 377 4540

North America: [phone]

[muffinhead] 25/9/2015 21:16

Ah another Chanos fan... respect, masonic handshake!


Here is the chart I promised for non-investors....lol almost everyone on advfn


Nikkei 225 may lead the way if support 17436 goes and nearly there

[essentialinvestor] 25/9/2015 13:14

Besides the oil price, the bears main point here, as outlined by
Jim Chanos, is that Shell post BG will become over reliant on the LNG market,
and that LNG prices outside the US will continue to fall.

Shell post BG is primarily a gas play.

[babybear] 25/9/2015 12:08

Accept its heading for £12, might be much less if divi cut announcements come out. Don't bury your heads in the sand. Be wary of fantasists with seemingly endless pockets carrying permanently 'dry powder' to take advantage of multiple plunges and encourage averaging all the way down - they pop up on every share board.

[supermarky] 25/9/2015 11:43

Yes there is always a bull and bear case for a company, however, this has been murdered since year highs. I would certainly not consider crystallising losses by selling shell at this price. At some point this will turn. Just watch this fly when divestments help calm divi fears and/or when opec blinks. What's that old adage? buy low, sell high. Most don't have the bottle when the news is dire. Selling at this price is madness imo

[whiskeyinthejar] 25/9/2015 11:29

I can see reasons to be bullish on oil in medium term.

Report last weekend said $1.5 trillion of planned projects are uneconomic at current prices, demand for oil is at an all time high, China is slowing but still growing at 7%, even Iraq where oil is cheap to extract isn't funding new capital projects, Ft says Saudi has no spare capacity to increase production should there be a crisis of some sort and shale oil has cut costs but remains expensive relying on cheap credit which won't continue forever.

There won't be a strategic production cut imo by Saudi Arabia unless Russia cuts too. But the key may be Syria. Saudi Arabia and Russia are fighting a proxy war in Yemen and Syria. Saudi Arabia and USA wants rid of Assad, Russia is propping him up. I'd say Obama quite happy to see Russian economic ability to interfere in Ukraine, Yemen, Syria etc rather financially hampered. Interesting though that Putin and Obama are meeting to discuss Syria next week. The refugee crisis may have changed the dynamic. So not Arabs holding my breath, but cheap poo isn't helping Russia or Saudi.

There's also reasons to be bearish of course. Just saying it ain't all doom. ;-)