Shell Share Discussion Threads

[sogoesit] 31/1/2017 08:36

GroupoGuitarLumber, some names for you:
Kinder Morgan KMP
Williams WPZ
Magellan MMP
Mainly limited partnerships and all in US.
Good luck

[grupo] 30/1/2017 11:22

some are saying 2016 will give a pe of 23

2017 a possible pe of 15

[grupo] 30/1/2017 11:21

Published on 30/01/2017 at 11h09

(Boursier.com) - Total could meet the increase in sales of electric vehicles by equipping its service stations with recharging plugs. The French group "studies the viability" of such a device in some of its points of sale, he confirmed to the Financial Times, which made an article on the subject after Royal Dutch Shell indicated that some Stations of his network would skip the pace. The ENI transalpine already offers recharging sites. The director of Shell's downstream branch, John Abbott, believes that the transition to electric vehicles will take decades, leaving the industry giants time to prepare. But he already sees some advantages in proposing the recharging of batteries, in particular to exploit the coffee or cravings of the motorist during the waiting time.

The road is still long for the electric car. In its latest report, the International Energy Agency estimated that these cars accounted for only about 0.1% of the world's total fleet at the end of 2015 (ie 1 billion vehicles). The Agency estimates that 140 million electric vehicles will have been produced in 2030 (10% of the stock of special light vehicles) and 900 million in 2050 (40% of this fleet). This would mean annual growth of more than 25% by 2025, and then by 7-10% between 2030 and 2050.

[waldron] 30/1/2017 07:42

cheers Steve

enjoy your week

[waldron] 29/1/2017 20:26

4 FUN

I GUESS

A PE OF 25

BUT I KNOW NOTHIN



CHUCKLE

[jasun burn] 29/1/2017 20:23

blimey thats some call! but they surely wont fall that much

[waldron] 29/1/2017 20:17

YEP

LOOK AGAIN IN 10 DAYS

[jasun burn] 29/1/2017 20:13

blimey 51,88 on that link. too expensive for me. i am looking for PE in 6,0 -10,0 range

[waldron] 29/1/2017 20:01

PE WILL CHANGE SUBSTANTIALLY FOR THE BETTER BY NEXT FRIDAY IMO

[jasun burn] 29/1/2017 19:50

what is the PE ratio

[waldron] 28/1/2017 22:01

Oil falls as US drillers replace barrels lost in Opec-led cuts

American crude output is the highest level since April
Published: 19:02 January 28, 2017
Gulf News
Bloomberg


New York: Oil dropped from a three-week high amid speculation that increased US drilling will boost output, offsetting cuts by the Organisation of Petroleum Exporting Countries (Opec) and other producers.

Futures fell 1.1 per cent in New York after failing to extend Thursday’s 2 per cent rally. Rigs targeting crude in the US rose this week by 15 to 566, the highest since November 2015, according to Baker Hughes Inc data reported Friday. American crude output is the highest level since April, government data show. Oil supplies from Opec are plunging this month, according to tanker-tracker Petro-Logistics SA.

“We pushed to the upper end of the band and ran out of steam,” Gene McGillian, manager of market research for Tradition Energy in Stamford, Connecticut, said by telephone. “We’re probably going to consolidate and build up for another run higher. When prices move to the upper end of the range we run into a wall of fear that even if the promised cuts are made, they will be made up by higher production in North America.”

Last month’s pact between Opec and 11 other nations gave hope to a market stuck in a two-and-a-half-year slump. While Saudi Arabia says more than 80 per cent of the agreed cuts have been implemented, analysts and investors are waiting for data to gauge the extent of the decrease. The International Energy Agency says rising prices will spur US shale output, and drillers are adding more rigs.

West Texas Intermediate for March delivery fell 61 cents to $53.17 a barrel on the New York Mercantile Exchange on Friday. Total volume traded was about 25 per cent below the 100-day average.

Earnings pain

Brent for March settlement dropped 72 cents, or 1.3 per cent, to $55.52 a barrel on the London-based ICE Futures Europe exchange. The global benchmark crude closed at a $2.35 premium to WTI.

Energy shares slipped after Chevron Corp posted its first annual loss since at least 1980, signalling the difficulties faced by the world’s biggest oil companies as they struggle to emerge from the worst collapse in a generation. The S&P Oil & Gas Exploration and Production Select Industry index fell 1 per cent.

US crude output climbed by 17,000 barrels a day to 8.96 million in the week ended January 20, according to an Energy Information Administration report on Wednesday. Rigs targeting crude have risen by 250 to 566 since touching a seven-year low in May, according to Baker Hughes data.

A committee that was formed to monitor the production cuts will meet in Kuwait in mid-March, Boutarfa said in Algiers. Some countries haven’t yet made the full output reduction, but they will increase curbs over the coming months and all are “highly committed” to the deal, Kuwait’s Oil Minister Essam Al Marzouk said Wednesday.

[la forge] 28/1/2017 14:01

SHOULD BE AN EXCITING WEEK

[discodave4] 28/1/2017 12:49

News next week on $3bn sell off :hTTp://www.telegraph.co.uk/business/2017/01/27/announce-major-retreat-north-sea-3bn-sale-assets-chrysaor/DD

[ariane] 27/1/2017 22:34

LOOKING FORWARD TO NEXT FRIDAY

[ariane] 27/1/2017 22:32

RDSB TARGET UPPED TO APPROX 2850

[ariane] 27/1/2017 16:14

Jillian Ambrose

27 January 2017 • 3:47pm

Oil major Shell is preparing to announce a $3bn sale of its North Sea oil and gas assets to a private-equity backed oil firm in its first major exit from the basin in 45 years.

A City source close to the deal confirmed reports that Chrysaor, a North Sea-focused oil company backed by private equity firm EIG Partners, is set to take control of mix of Shell’s older fields, new developments and infrastructure.

The deal will almost halve the Anglo-Dutch company’s $7bn North Sea portfolio but will put the group slightly ahead of schedule in its high-pressure drive to sell-off $30bn worth of assets from its global portfolio by 2019.

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Both Shell and Chrysoar declined to comment on the deal, which is expected to be officially announced ahead of Shell’s full-year results on Thursday.

“The divestment team at Shell is under enormous pressure to sell,” said the source, who said further deals are close to completion.
Shell chief executive Ben van Beurden
Shell chief executive Ben van Beurden has set out plans to sell $30bn worth of assets from its global portfolio in the three years

Shell chief executive Ben van Beurden is preparing to withdraw completely from as many as 10 countries and will sell off around $30bn of assets within the next few years in a bid to rebalance its portfolio after the costly acquisition of gas giant BG Group last year. He added that Shell would backload the sales towards the end of the programme as the oil market recovers.

But the Chrysoar deal would take its total sales to almost $10bn just a few months into the second year of its disposals, putting Shell ahead of its own schedule.

Market analysts have said that Shell is prepared to sell most of it assets in the North Sea, $1-2bn of which were acquired in the BG takeover, because the aging basin has higher operating costs than many younger oil basins around the world.

The only position Shell is unlikely to part with is the relatively untapped BP-operated fields on the edge of the Atlantic Ocean, which are due to begin production later this year.

Shell said last year that the company plans to plough $4bn into the West of Shetland “cash engine” by 2018, but it refused to comment on any future investment plans in UK waters beyond this project.

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[ariane] 27/1/2017 15:23

Law
Judge condemns ‘self-defeating’ mass of evidence in Shell pollution claim

By Michael Cross27 January 2017

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In a setback for attempts to hold multinational companies responsible for the behaviour of their subsidiaries, the High Court has ruled that group actions against oil giant Shell over pollution in Nigeria cannot proceed in London.

In His Royal Highness Emere Godwin Bebe Okpabi and Others v Royal Dutch Shell and Shell Petroleum Development Company of Nigeria Ltd, Mr Justice Fraser, sitting in the Technology and Construction Court, also criticises as ‘self defeating’ the mass of evidence brought by the claimants.

London firm Leigh Day, which brought the action on behalf of 40,000 Nigerians, said it would appeal.

The action involves a claim for compensation from Royal Dutch Shell and a local subsidiary, the Shell Petroleum Development Company of Nigeria, for pollution caused by spills from pipelines in the Niger Delta.

The claimants argue that ‘Royal Dutch Shell exercises significant direction and control over its Nigerian subsidiary and was, therefore, liable for its systematic pollution’. The defendants argue that the pollution was caused by illegal tapping and refining, activities in which at least some of the affected people must be complicit.

In judgment, Fraser said that claims against Royal Dutch Shell as ‘anchor defendant’ must fail as the Netherlands-headquartered holding company had no duty of care for acts and/or omissions of the operating subsidiary in Nigeria. The correct forum for actions against Shell Petroleum Development Company of Nigeria was the local court system, where conditional fee agreements are available, he said.

‘There is simply no connection whatsoever between this jurisdiction and the claims brought by the claimants, who are Nigerian citizens, for breaches of statutory duty and/or in common law for acts and omissions in Nigeria, by a Nigerian company,’ he said.

The judgment said that any claim based on the inadequacies of the Nigerian justice system would lead the court into making ‘damaging colonialist judgments based on inappropriate comparisons between one judicial system and another’.

Fraser noted that both parties ‘occupy firmly entrenched battle lines and are bitterly opposed to one another’s evidence and arguments’ and criticised the way they handled the case. ‘The current approach of parties in litigation such as this is wholly self-defeating, and contrary to cost-efficient conduct of litigation. This case is an ideal example of one with “masses of documents, long witness statements, detailed analysis of the issues, and long argument” being deployed on both sides.’

Such an approach is ‘diametrically opposed’ to that required under the Civil Procedure Rules, he said, raising the possibility of limiting the number and size of witness statements that can be lodged. ‘Experienced legal advisers ought not to need such strictures in order to concentrate their minds. However, a fundamental change of approach is required by the parties in cases such as these for applications of this nature.’

The judgment quotes the defendants’ estimate that the claim comprised 450 pages of evidence with almost 6,000 pages of exhibits in 22 files. This included a US diplomatic cable dating from 2006 disclosed by Wikileaks: the judge said ‘nothing in that cable advances the claimants’ case... in any appreciable respect’.

Announcing its intention to appeal, Leigh Day said that the judgment had been made at an early stage in the litigation, before any documents were disclosed and without hearing oral evidence from witnesses about the relationship between Royal Dutch Shell and its Nigerian subsidiary.

Leigh Day partner Daniel Leader said: ‘It is our view that the judgment failed to consider critical evidence which shows the decisive direction and control Royal Dutch Shell exercises over its Nigerian subsidiary. It is also inconsistent with recent judgments of the European Court of Justice and the Dutch Court of Appeal.’

Richard Hermer QC, Marie Louise Kinsler and Edward Craven (instructed by Leigh Day) acted for the claimants.

Lord Goldsmith PC QC and Sophie Lamb (instructed by Debevoise & Plimpton LLP) acted for the defendants.

[ariane] 27/1/2017 13:29

Oil & Gas
Shell close to sealing deal on North Sea asset sell-off, sources claim

Shell news

Written by Energy Reporter - 27/01/2017 1:07 pm

Shell is close to sealing the deal to sell a large part of its North Sea oil and gas assets, according to several banking sources.

The energy giant is rumored to be in the final stages of talks to offload a mix of older fields, new developments and infrastructure worth $3billion to a private equity backed firm.

If it goes through, the deal will mark a major milestone in the Anglo-Dutch supermajor’s plans to reduce its debt following the $54 billion acquisition of BG Group in February last year.

Chrysaor, a North Sea-focused oil E&P company backed by private equity fund EIG Partners, was linked to the asset sale last year.

It is thought the move could breath new life into some of the world’s oldest offshore assets, where production has been steadily declining in recent years.

More news on the possible deal is expected in the next few days as Shell prepares to release full year results on February 2.

Fellow supermajor BP handed over several North Sea assets to EnQuest earlier this week in what was hailed as a “positive̶1; move for the industry.