Shell Share Discussion Threads

[2hoggy] 28/11/2017 23:01

Now where is my crystal ball?

Needs a wee bit of polishing and it all will become clearer...

[maywillow] 28/11/2017 22:05

montyhedge
28 Nov '17 - 21:37 - 1658 of 1658 0 0
That’s is some buyback, be over £30 time they finish.


MONTY

ONE COULD EASILY ACCEPT YOUR BALL PARK FIGURE

The time frame and the likely buying prices are awaited with interest


no doubt BARCLAYS will come up with a super optimistic scenerio target as is their custom

[montyhedge] 28/11/2017 21:37

That's is some buyback, be over £30 time they finish.

[maywillow] 28/11/2017 21:33

US Dollar May Rise as Powell Endorses FOMC 2018 Policy Outlook
Nov 28, 2017 6:00 am +01:00
Ilya Spivak

by Ilya Spivak, Sr. Currency Strategist

Talking Points:

US Dollar may rise if Powell hints three Fed hikes still make sense in 2018
Kiwi Dollar still rising before key testimony from RBNZ Governor Spencer
Japanese Yen corrected lower despite risk-off mood in Asia Pacific trade

The European data docket offers relatively little to excite volatility. The OECD will release an updated set of economic projections but absent a dramatic bombshell, this seems unlikely to inspire lasting follow-through from asset prices.

Comments from Fed Governor Jerome Powell may dominate the spotlight as he testifies in a confirmation hearing after being nominated to take over at the helm of the US central bank in February, when Janet Yellen’s term expires. If he suggests September’s FOMC projections calling for three rate hikes next year still seem appropriate, the US Dollar may trade higher.

[maywillow] 28/11/2017 21:14

U.S. Oil Has One Fatal Weakness
By Tsvetana Paraskova - Nov 28, 2017, 3:00 PM CST Midland

U.S. crude oil production is again on the rise, and exports of American crude are smashing records.

But most of the U.S. oil production is light tight oil, and American exports—especially those of very light sweet crude—may hit a demand constraint next year, Bill Barnes, director of energy consultancy Pisgah Partners, writes in Petroleum Economist.

Oil production in the U.S. is currently expected to reach an all-time high at an average 9.9 million bpd next year. In recent weeks, U.S. crude oil exports beat records, and surpassed the 2-million-bpd mark for the first time ever in the week to October 27.

Last year, 51 percent of the 8.4 million bpd of crude oil produced in the Lower 48 States was light oil, or less dense oil with an API gravity of 40.1 or above, EIA data shows. The higher the API gravity, the lighter the oil. So far this year, much of the lower 48 states’ crude oil production had 30.1 or higher API gravity.

Due to the wide discount of the U.S. benchmark WTI to Brent in recent months, American exports have seen record-high levels.

Yet, according to Pisgah Partners’ Barnes, there are several demand and supply factors that may limit the buyers’ willingness to import extra light U.S. oil.
Related: Goldman: OPEC Deal Far From Certain

One is that Libya and Nigeria—the two members exempt from OPEC’s production cuts—have started to gradually recover their production that had been plagued by militant and civil strife last year. And they are exporting light sweet crude oil varieties to refiners.

Also, consumption of various oil products outside the U.S. “argue for processing middle-gravity crudes such as Arab Light, Iranian Light and Russian Urals, rather than extra-light barrels such as 48°API gravity Eagle Ford,” Barnes said.

Import data about U.S. crude sales in some Asian market suggests that Japan and India, for example, aren’t looking for extra light barrels from the U.S. Japan’s crude oil imports from the U.S. have a weighted average API gravity 36.9, Barnes writes, quoting data by the Petroleum Association of Japan. India, for its part, is said to have recently imported WTI and Southern Green Canyon, whose API gravity is 40 and 28, respectively.

Related: Meet The World’s Most Powerful Bitcoin Backers

With exports of the less light varieties, the extra light tight oil barrels are either entering the U.S. refinery system or storage tanks, Barnes argues. Since refineries have technical limits to processing the extra light oil, many barrels may end up in storage. U.S. oil inventories have been growing ‘lighter’; while medium and heavier grades are exported, Barnes says, quoting analysts.

Although refineries will adapt to process more of the extra light U.S. oil in the medium term, in the short term the market may be limited in its capability to digest higher volumes of the very light U.S. varieties. Next year the extra light crude market will continue to see a glut, resulting in a narrower sweet-to-sour crude oil spread and a persistent WTI discount to Brent, says Barnes.

By Tsvetana Paraskova for Oilprice.com

[maywillow] 28/11/2017 21:02

IMP3 I DO BELIEVE SO


TAKE A LOOK ON THE SHELL SITE TO GET CONFIRMATION



IF I READ CORRECTLY ITS BEEN WITHDRAWN

[imperial3] 28/11/2017 20:48

Does that mean their "DRIP" will go as well as SCRIP?

[ariane] 28/11/2017 20:32

Vladimir Putin showing he may have more power over oil prices than all of OPEC

"Putin is keenly aware that he can't cut funds to social programs. He has elections coming up in March and the last thing he needs is a plummeting price for crude into these elections," RBC Capital Markets' Helima Croft says.

Jon Najarian | @jonnajarian
Published 1 Hour Ago CNBC.com









Vladimir Putin, Russia's president, speaks during the 23rd World Energy Congress in Istanbul, Turkey, on Monday, Oct. 10, 2016.
Kerem Uzel | Bloomberg | Getty Images
Vladimir Putin, Russia's president, speaks during the 23rd World Energy Congress in Istanbul, Turkey, on Monday, Oct. 10, 2016.

Normally ahead of the OPEC meetings in Vienna, commodity markets would be buzzing about what one of its oil ministers might say.

And while both still matter, it's the power struggle in Saudi Arabia and the omnipresence of Russian President Vladimir Putin that have oil markets on edge.

Saudi Crown Prince Mohammed Bin Salman, also known as MBS, is wielding power in an attempt to hold his position and that is impacting oil prices. It doesn't hurt that his crackdown came ahead of Thursday's OPEC meeting in Vienna. It is clear that MBS needed to demonstrate that anyone who moves against him will be imprisoned or worse. A prime example is the imprisonment of Prince Alwaleed Bin Talal at the Ritz in Riyadh, Saudi Arabia. Prince Alwalweed's Kingdom Holdings has lost 27 percent of its value (about $11 billion) since its Sept. 13 high.

But neither the Saudi oil minister nor MBS are likely to have a bigger impact in Vienna than Putin, according to my friend Helima Croft, managing director at RBC Capital Markets and frequent contributor to CNBC.

"Putin is keenly aware that he can't cut funds to social programs. He has elections coming up in March and the last thing he needs is a plummeting price for crude into these elections," she said.

Croft has held positions on the Council on Foreign Relations as well at the CIA, where she concentrated on geopolitics and commodities.

Our discussions over breakfast between her hits on CNBC European "Squawk Box" and her talk at the Economist's Energy Summit 2017 in London were wide-ranging. I intended to extend these conversations about cryptocurrencies and ICOs, but Croft's focus on the upcoming OPEC summit was unbreakable.

The recent peak for WTI was $59 per barrel and since has slipped to $57.50. Before Putin's cobbling together of his country's output with that of two former Soviet republics, Kazakhstan and Azerbaijan, OPEC's influence had faded to just 35 percent of the global market. But since then, with Putin's considerable help, OPEC is back to collectively pumping 60 percent of the world's oil.

As Croft has said, "Putin is now the world's energy czar." So the question for Vienna isn't what will MBS or Saudi Oil Minister Khalid Al-Falih say, but rather what the superpower that isn't an OPEC member will say.
Joe Najarian
Jon NajarianCo-Founder, Najarian Family Office

[la forge] 28/11/2017 12:15

Thanks zho

unable to read as not a ft subscriber

[zho] 28/11/2017 11:51

Broker views being discussed at

[osirisra] 28/11/2017 11:19

Loving that update.

[fjgooner] 28/11/2017 10:39

@careful 1640

Hey that's my line! :)

[2hoggy] 28/11/2017 10:38

Yes quite electrifying,lol

[careful] 28/11/2017 10:17

Shell best run company in the world.
Cash flow approaching levels of glory days.

[waldron] 28/11/2017 08:45

PUTIN

WOULD HE, COULD HE

NAAAAAH

[waldron] 28/11/2017 08:40

Now nicely anchored in the 2375 to 2475 BOX

WITH AN OPPORTUNITY TO BREAK THRU THE 2475 RESISTENCE INTO A NEW BOX WITH A LITTLE HELP
FROM ITS OPEC FRIENDS

[the grumpy old men] 28/11/2017 08:19

MUST ADMIT SHELL CONTINUES TO BELIEVE THERE IS STILL A STRONG CORRELATION RELATED TO BRENT OIL PRICE OR SO IT SEEMS FROM THE REPORT TODAY

Financial outlook

Shell has made the following updates to the company's financial outlook:

* The outlook for annual organic free cash flow has increased to $25 to $30
billion by 2020 at a Brent crude oil price of $60 per barrel (real terms
2016). This is $5 billion more than the outlook Shell provided during its
capital markets day in June 2016.