Centrica Share Discussion Threads

[the logician] 14/3/2019 10:44

Wetselaar said the increasing complexity of energy systems will create opportunities for Shell to achieve “better returns than the industry has done so far.” He said it is targeting an annual return on investment of 8 to 12 per cent.

Shell has pledged to increase spending on its New Energies division to between $1 billion and $2 billion per year by 2020. Wetselaar said this investment will allow the company to test the feasibility of its plans: “Once we feel comfortable that 8 to 12 per cent range is realistic then we’ll scale up”.

He said the “customer end” of the supply chain, where demand is growing for solar panels, batteries and electric vehicle charging, is expected to be the most profitable: “We’re buying those elements around the customer to make sure we can get a holistic package in place.”

“But,” he added, “we don’t think people will want to buy that clean energy from people who don’t generate it. They will want to see the real source of it rather than just someone who just buys it on the open market”.

Wetselaar said Shell will therefore invest heavily in grid-scale renewables such as wind, solar and hydro, and perhaps also gas generation to provide backup power. He said the oil giant’s preference for high-risk, high-reward businesses meant it would probably steer clear of regulated networks.

[the logician] 14/3/2019 10:43

what are the implications of this?


Shell plans to become ‘world’s largest power company’ by early 2030s



Shell is planning to become the “world’s largest power company” by the early 2030s, according to the director of its New Energies division.

In an interview with Bloomberg Television, Maarten Wetselaar said the oil supermajor is aiming to generate double-digit returns for its investors by providing a “total package” of energy products and services.

“We believe we can be the largest electricity power company in the world in the early 2030s, because this part of the energy system is going to be the thing that grows fastest,” said Wetselaar.

“Electrification is the biggest trend in energy in the coming 10 to 15 years because it’s by far the easiest way to decarbonise energy usage.

“So, we think the power market will grow a lot – faster than any of the other energy markets – and it’s easy to grow in growing markets”.

When asked how the company intended to bring shareholders on board given the lower returns historically seen in the electricity sector when compared to oil and gas, he responded: “We are not interested in the power business because we like what we saw in the last 20 years. We are interested because we think we like what we see in the next 20 years”.

[the logician] 14/3/2019 10:40

thanks for this. anyone shorting a cash generative utility yielding 10% needs their head examined.

[gaffer73] 14/3/2019 10:37

It includes short positions under the reportable 0.5%

[the logician] 14/3/2019 09:39

DiscoDave4, many thanks

that link came up with no data, but i clicked Feb, it works.

any idea why the data differs from shorttracker?

[skinny] 14/3/2019 09:33

Citigroup Neutral 121.70 144.00 128.00 Reiterates

[masterblaster] 14/3/2019 08:17

New year new lows?

[diku] 14/3/2019 08:14

Lots of teasing going on just above 120p by sucker in longs...then pull the rug...

[gaffer73] 14/3/2019 07:58

Cheers Dave. Interesting stats on there. I notice the short positions have dropped from the previous month.

[discodave4] 14/3/2019 07:40

That's positions 0.5% and above. HTTPS://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:3&year=eq:2019&limit=0&search=1Save cookies then access as a guest, gives all short positions on a monthly basis.

[gaffer73] 14/3/2019 06:46

Short position is 0.7% as registered with the FCA.

[nortic 007] 13/3/2019 23:06

Ignore him or her or it

[the logician] 13/3/2019 22:36

please can you provide the link

[discodave4] 13/3/2019 19:54

Shorts nearly 4% last month (according to Euroclear).

[whatsup32] 13/3/2019 17:45

Short . Marshall Wace 0.7%

hxxps://shorttracker.co.uk/company/GB00B033F229/

[nortic 007] 13/3/2019 17:14

This is just an observation and sorry if it's boring you but just looking at CNA trades there's definitely a buyer in the market taking this seller on. It's a case of who is left wanting more or the seller purely filling the buy order. Looks like the buyer might be just coming out on top today or the seller simply upping his level hoping the buyer will pay up.I'm just observing and I know way trying to call it.As Diku said the other day they have been trading in a very small range and I can imagine 100m plus have traded in or around this area.Has anyone looked to see what the percentage of shorts are out there in CNA ?It'll be interesting to know.Pleasant evening all

[stewart19] 13/3/2019 12:44

Mercer95, CNA is moving sideway at the moment... SHG is strongly going upward :)

Go and RAMP somewhere else..don't waste your time here.

[whatsup32] 13/3/2019 12:21

future of car power is definitely electric, as a few countries have already stated they want to be 100% by 2025?.

Question will be what will happen to all those petrol stations?. In town they can be converted to charging points, grocery’s (with parking) but outside of towns I can see a lot having to close.

Also how do we as investors make money out of this change over from oil, petrol to electricity given cars can now be charged at home, hotels ,libraries etc.

[mitchy] 13/3/2019 12:13

VW have announced open order book for new 100 % ev starting in May 2019 . Starting at £26k with range of 340 miles for the top spec. Pre orders already sold out.

[338] 13/3/2019 08:50

Mercer95, CNA is moving sideway at the moment... SHG is strongly going upward :)

[whatsup32] 13/3/2019 08:01

Sounds like they want to do their own thing. No mention of tie up with utilities but I would imagine they would need to source electricity somewhere.

They expect double digit return on their investment

[whatsup32] 13/3/2019 07:56

Shell aims to become worlds largest electricity company

[mitchy] 12/3/2019 11:39

120p > 150p may be it's trading range ? Who knows....

Good Luck.