Shell Share Discussion Threads

[sarkasm] 10/11/2017 16:43

OPEC and Hedge Funds Could Be Setting Oil Prices Up for a Fall
By Grant Smith
10 novembre 2017 à 12:45 UTC+1

As OPEC and its allies prepare to meet this month, expectations may be running so high they can only disappoint.

From Russian President Vladimir Putin to Saudi Arabian Crown Prince Mohammed bin Salman, signals abound that the grand alliance of oil states will choose to prolong supply cuts when they gather on Nov. 30. Spurred by these hopeful signs, hedge funds have laid on record bets that Brent crude futures will keep rising.

The risk for oil bulls and producers alike is that, with so much money already staked on an extension of the agreement, the market has no way to go but down. This happened when OPEC last met in May, when oil prices tumbled 4.6 percent after Saudi and Russian officials had pretty much confirmed before the meeting that they would agree on continued action.

“It’s already priced in, just like at the last meeting,” said Eugen Weinberg, head of commodities research at Commerzbank AG in Frankfurt. “The massive long overhang is about to get massively shorter.”

The sell-off could be deeper still if OPEC agrees a shorter deal than the end-2018 extension that is widely expected, or even postpones a decision until next year, which is what Citigroup Inc. expects.

“We’re back at a record level of net length, which is only a one-way street when you get there,” said Ed Morse, Citigroup’s head of commodities research in New York. After the meeting “the market will be pretty disappointed.”

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[waldron] 10/11/2017 16:14

THANKS FOR THAT MR CHAIRMAN

MOST POSTERS SEEM TO BE LONG TERM HOLDERS

NEVER SELL SHELL TYPES AND ONLY IN IT FOR THE DIVI

although if you suggest risks or weaknesses they seem to get a little offended

Having said that, i again think it will not go up in a straight line as many might
suggest and take a healthy tumble after ex divi date substantially more than the divi fall

perhaps an opportunity to buy a little more cheaply will present its self

A GREAT SHARE AS AN ADDITION TO ANY PORTFOLIO ME THINKS

opec day at month end no doubt crucial

[grupo guitarlumber] 10/11/2017 15:59

Very wise Chairman20

it would be nice if you popped in and posted from time to time

[chairman20] 10/11/2017 15:34

As a convicted (!) believer in Shell myself
I would counsel anyone gambling all their
chips on this. We have had the example of BP
- once a highly regarded, ethical, better
balanced oilco than Shell. A stupid error
in the Gulf of Mexico and an incompetent
tilt at trying to do business in Russia
almost blew that share out of the water
and (key point) destroyed the dividend.


Caveat investor

[grupo guitarlumber] 10/11/2017 14:46

So it might be a good idea to have more oil price groups besides just brent and wti


This goes for rig counts and efficiency details instead of blanket info

[grupo guitarlumber] 10/11/2017 14:37

Some U.S. Oil Is a Bit Too Dirty and Costly for an Asian Buyer
By Ann Koh
10 novembre 2017 à 07:35 UTC+1

Some condensate from U.S. shale fields is too dirty to justify the ultra-light oil’s price in Asia compared with the supply from the Middle East, according to a South Korean joint venture of French major Total SA.

Cargoes are being contaminated by lead and mercury, making the supply more expensive to process in the longer run, said Sebastien Bariller, senior vice president of feedstock purchasing at Hanwha Total Petrochemical Co. A cargo of Eagle Ford grade the company bought had 83 parts per million of nitrogen compared with 7ppm found in Qatar’s Deodorized Field Condensate, he said at the Condensate and Naphtha Forum in Penang, Malaysia.

The supplies are getting tainted when pumped through pipelines on their way to storage, said Rusty Braziel, president of consultancy RBN Energy. These pipes are also used to transport heavy crude, meaning that contaminants discolor the “nice clean material” along the way, he said.

Total believes a discount may work. U.S. producers need to “send a lower price signal’’ to encourage investments in upgrading Asian plants so they can process grades with higher amounts of impurities, said Frederic Lasserre, director of market analysis at Total.

“Certainly, U.S. producers aren’t going to discount the material,’R17; said RBN’s Braziel. “What’s going to happen is that U.S. producers are going to clean it out. They’re going to invest in pipelines and tankage and facilities to be able to bring the clean material that you’d like to see, rather than that dirty stuff you’re seeing so far.’’

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[grupo guitarlumber] 10/11/2017 14:25

what would zorba say and do

dance all the way to the bank

[waldron] 10/11/2017 13:22

Shell upbeat about new offshore platform

Metro News

Friday, 10 Nov 2017

KOTA KINABALU: Oil giant Shell is breaking new ground through its offshore petroleum production platform near Sabah.

The Malikai platform in the South China Sea, some 100km from here, is the first of its kind in the world to use multipurpose risers or tubes to the sea bottom for drilling as well as production and water injection.

The risers developed by Shell experts in Malaysia meant time and cost savings for the petroleum firm.

Malikai was currently producing about 60,000 barrels of crude oil per day since it started operations a year ago.

Sabah Shell Petroleum Co Ltd general manager Ian Lim said Malikai was also Malaysia’s first tension leg platform which the company had developed largely in the Gulf of Mexico in the United States as well as in West Africa, Brazil and the North Sea.

“Malikai represents our capability of bringing technologies from around the world and integrating them to suit local conditions here,” he said at a media briefing about offshore production platform here.

It was also the second largest offshore platform operated by Shell in Sabah waters.

The largest, Gemusut Kakap, was producing about 150,000 barrels of oil per day.

Tendon and Riser manager for Project Malikai Shankar S Bhat Aramanadka said Shell also worked with Universiti Teknologi Malaysia (UTM) experts in the development of the multi-purpose risers.

He said the result of their collaboration was developing ways for load reduction caused by sea currents on the risers.

Read more at

[waldron] 10/11/2017 11:47

YEP 2475 BEING TESTED

SO WILL IT SINK BACK INTO THE 2375 to 2475 BOX

NAAAAH NEVER ON A FRIDAY

[sarkasm] 10/11/2017 11:38

BUSINESS 09.11.2017 : 22:26
Shell at loggerheads with Stathakis on DEPA
CHRYSSA LIAGGOU

TAGS: Energy

Shell’s plans for disengagement from Attica Gas Corporation (EPA Attikis) are hampering the government in its negotiations with the country’s creditors on the position of Public Gas Corporation (DEPA) in the natural gas retail market.

Shell’s proposal, which according to sources it has submitted to Energy Minister Giorgos Stathakis and the creditors, provides for the reduction of DEPA’s stake in EPA Attikis from 51 percent today to 49 percent while also losing its executive capacity.

In the context of Athens’s commitments to open up the natural gas market, Stathakis appears to be sidestepping Shell’s proposal and rather attempting to negotiate a proposal with the creditors for the overhaul of both gas retailing companies (of Attica and Thessaloniki/Thessaly). That proposal foresees DEPA maintaining its 51 percent stake in EPA Attikis while its stake in EPA Thessaloniki/Thessaly would drop to 33 percent.

Whether the creditors accept Stathakis’s proposal also depends on Shell, although the Dutch energy giant has made it clear it will not back down on its own proposal. Both Shell and Italy’s ENI (the private stakeholder in EPA Thessaloniki/Thessaly) say DEPA being a supplier and a retailer violates the European legislation.

[ariane] 10/11/2017 10:50

thanks mr gooner

relax and enjoy your long weekend

HOPE WEATHER FINE

Looks like it might test the support level

but of course you care none

as you care only for your dividend pay date

[fjgooner] 09/11/2017 23:36

Ariane
9 Nov '17 - 17:00 - 1398

Re: FJGooner: I feel its a touch of all eggs in one basket

--------------

How dare you!

But, of course you are 100% right and I am ludicrously over-exposed in my portfolio to RDSB - currently to the tune of 100%.

Now, let me be clear - that is a moronic thing to do and I would never recommend anyone doing such a foolish thing. Please, don't do it.

In my defence though, I decided some time ago that Shell was the core target of my investment strategy within the energy sector of my portfolio.

At that time I was not mad. I researched the sector, its history, its geo-political context and Shell's space within that.

I then evaluated all other integrated energy companies in the US and Europe, and drew the conclusion that Shell had the broadest appeal in terms of history, dividend stability and social conscience.

Once centred on Shell, I have sourced and read dozens of books ( yes books, NOT links to web pages ) to develop an understanding that would otherwise only be attainable by employment within the sector. I probably went over the top, sourcing intra-industrial texts back to the 1960s - 3 more this week alone. And reading more general texts on the subject area and related issues.

Having said that occasionally some excellent content does crop up on the web - have a look at minutes 16 to 21 on here:



So I won't apologise for this sharp focus. But, equally, I would not recommend this behaviour to others. Such myopia as mine can go badly wrong if you don't react to negative events (if they happen).

Having said that my approach has made me rather rich (in pure monetary terms) and I leave my investments in RDSB with utter confidence.

Good luck whatever your approach. Investment takes thought. Thinking is good. And that is what makes this wonderful world of ours go round.

Off for the weekend now - have a good one.

FJ
:)

[the white house] 09/11/2017 20:21

PJ : many thanks for your response(s) to our q's... with another couple of days @ $63+ an average of $59 is being cemented and being added to all the time we sit above 59 (hopefully a little/long while more!?I have had a look but cannot readily find any ballpark % that the old British Gas bit contributes ie is it 25% in line with the $50bn takeover taking overall to $200bn total value or less/more!? Either way today's 1.9% increase, on top of a few others, won't do any harm....

[ariane] 09/11/2017 17:00

2hoggy
9 Nov '17 - 09:15 - 1397 of 1397 0 0
fjgooner Did make me laugh your position in shell is over weight.....



I feel its a touch of all eggs in one basket

but he is in it mainly for the loverly dividend

and not interested in the daily hype like many of us

I prefer portfolios of at least 8 to 10 assorted shares in assorted industries


always looking out for a possibility to sell when share price looks topping with a sell off to
allow mw to buy back in cheaply

Not believer in leaving things in a bottom draw

[2hoggy] 09/11/2017 09:15

fjgooner Did make me laugh your position in shell is over weight.....

Totally agree re Nigeria as control of oil structure is impossible plus greedy corrupt politicians...

[waldron] 09/11/2017 06:25

TIME AND TIMING IS OF THE ESSENCE

YOU GUYS CERTAINLY HEAVY WEIGHTS

AS THEY SAY EAT AND DRINK WHAT YOU LIKE BUT ALL IN MODERATION

CHEERS

GREAT POSTS RECENTLY

[grupo guitarlumber] 09/11/2017 05:58

LOL

Thanks for your time and Effort

really really appreciated

may you pack the optimum amount into your time

It is Brent that had puzzled me,due to shell pulling out of the North Sea
and then i was positvely surprised by the hedging trading arm

Also shell wishing Russia oil to be included into the Brent pricing calculation

My view now is one cannot take just one piece of data as the market seems to do
and the media pundits do and then spurlage daily over the top

Shell i will always sell if price right,but its a great company and great for capital gain and of course the quarterly dividend

My portfolios willl always consider SHELL

47 days to christmas

celebrate heartily but watch the weight and enjoy

I know these things as i pack about 115kgs

[grupo guitarlumber] 08/11/2017 22:05

WHEN WILL OIL TOP

[grupo guitarlumber] 08/11/2017 19:13

fjgooner
8 Nov '17 - 19:05 - 1389 of 1389 0 0
@ the white house re post 1383

What does it mean

what does it give us

can we make decisions and profit from it



what think you fjgooner

is it really really useful

[fjgooner] 08/11/2017 19:05

@ the white house re post 1383

Here is the data you need:

FJ

---------------

Date Price Open High Low Vol. Change %

Nov 07, 2017 63.69 64.12 64.65 63.5 389.46K -0.9
Nov 06, 2017 64.27 62.27 64.44 62.08 356.99K 3.54
Nov 03, 2017 62.07 60.88 62.23 60.6 272.74K 2.39
Nov 02, 2017 60.62 60.5 60.86 60.02 289.30K 0.21
Nov 01, 2017 60.49 61.07 61.7 60 337.76K -1.43
Oct 31, 2017 61.37 60.86 61.41 60.53 29.12K 0.77
Oct 30, 2017 60.9 60.66 61 60.14 168.54K 0.76
Oct 27, 2017 60.44 59.37 60.65 58.82 209.89K 1.92
Oct 26, 2017 59.3 58.42 59.55 58.05 232.28K 1.47
Oct 25, 2017 58.44 58.44 58.74 57.85 260.55K 0.19
Oct 24, 2017 58.33 57.41 58.57 57.04 334.68K 1.67
Oct 23, 2017 57.37 57.95 58.05 57.27 353.07K -0.66
Oct 20, 2017 57.75 57.32 57.94 56.6 369.89K 0.91
Oct 19, 2017 57.23 58.24 58.3 57.02 430.67K -1.58
Oct 18, 2017 58.15 58.16 58.54 57.74 329.33K 0.47
Oct 17, 2017 57.88 57.78 58.35 57.18 405.22K 0.1
Oct 16, 2017 57.82 57.28 58.47 57.12 341.78K 1.14
Oct 13, 2017 57.17 56.44 57.57 56.34 332.60K 1.64
Oct 12, 2017 56.25 56.74 56.83 55.88 339.53K -1.21
Oct 11, 2017 56.94 56.56 57.09 56.14 310.14K 0.58
Oct 10, 2017 56.61 55.78 56.91 55.73 290.34K 1.47
Oct 09, 2017 55.79 55.5 55.98 55.06 301.15K 0.31
Oct 06, 2017 55.62 56.99 57.28 55.13 395.65K -2.42
Oct 05, 2017 57 55.77 57.24 55.7 379.30K 2.15
Oct 04, 2017 55.8 55.67 56.2 55.38 330.85K -0.36
Oct 03, 2017 56 56.1 56.4 55.7 275.42K -0.21
Oct 02, 2017 56.12 56.73 56.76 55.5 352.05K -2.47

Highest:64.65 Lowest:55.06 Difference:9.59 Average:58.68 Change %:10.50