Shell Share Discussion Threads

[xxxxxy] 27/9/2021 12:31

12:23pmCustomers of collapsed Green energy supplier moved to Shell The number of Shell's retail customers will grow by over a quarter in the UK, after the energy giant absorbs 255,000 customers from a rival supplier that defaulted during the recent surge in natural gas prices.Shell Energy will take on approximately 255,000 domestic customers, and a small number of non-domestic customers from renewable energy supplier Green, British regulator OFGEM said .Shell Energy, which currently has around 900,000 customers across Britain, said Green's customers will move to Shell Energy with their credit balances protected and supply uninterrupted.... Daily Telegraph

[the white house] 27/9/2021 09:28

Another sale to reduce debt,Another oil riseAnother gas riseAnother add

[tornado12] 27/9/2021 09:19

My target is £18-20 range, which I hope will correspondingly increase divi payments to maintain 5% ! I think is a reasonable divi for Shell going forward

[suetballs] 27/9/2021 08:37

Had a few more today - can see it going quite a bit higher in the medium term.
Suet

[xxxxxy] 27/9/2021 08:13

Oil prices have surged close to three year highs, as global output disruptions forced energy companies to pull large amounts of crude out of inventories, while a shortage of natural gas in Europe pushed costs up across the continent.Brent has added 1.2pc today. It is currently trading at $79, its highest price since October 2018. "We forecast that this rally will continue, with our year-end Brent forecast of $90/bbl vs. $80/bbl previously," wrote analysts at Goldman Sachs in a note."The current global oil supply-demand deficit is larger than we expected, with the recovery in global demand from the Delta impact even faster than our above consensus forecast."The increase will add to speculation that global inflation could last longer than first hoped.... Daily Telegraph..... Have a good day.

[craftyale] 27/9/2021 08:03

New 52 week high. 20 GBP in twelve months would be nice.

[xxxxxy] 27/9/2021 07:48

'I invested an £150,000 inheritance in wind farms and fear it's gone for good'Mini-bond investors may only receive 30pc of their money back, depending on how much the firm's assets are sold forByHoward Mustoe27 September 2021 • 6:00am?Holders of "mini-bonds" issued by Future Renewables Eco, a wind farm investment company, are braced to lose more than half their investments after it collapsed into administration on Sept 17. It owned 10 wind turbines across Britain and was funded by 750 bondholders who ploughed £24m into the company between 2015 and 2017.  They were due to vote on Sept 18 on whether the company should be wound up or placed in administration, but the company's bosses said early voting suggested an administration was inevitable. The company stopped paying interest in May of this year.One investor invested more than £150,000 of his inheritance in the bonds, which paid up to 9.5pc per year.He said: "I was a fool. I searched for an ethical investment. I have grandchildren and I wanted it to build up the capital and support the wind industry."... Daily Telegraph

[xxxxxy] 27/9/2021 07:20

Petrol 'shortage' ....... John Condon26 Sep 2021 9:06PMYes this is obviously the truth.Businesses want cheap labour. With the EU as a massive supply of cheap labour the workers had no bargaining power. Wages are significantly lower now - in real terms - than 20 years ago.This highlights the essence of the EU -  it is a club for the rich, the elites, the men of the world who owe no allegiance to any one country..This scare story reminds me of a story many many moons ago about the miners in the salt mines of Siberia rebelling and refusing to work .....and consequently there would be a salt shortage in the UKThe supermarkets soon ran out of salt It couldn't be bought anywhere.Of course the whole story was ridiculous. The miners were not on strike and even if they were all (100%) of our salt comes from Cheshire apart from posh sea-salt which can be conjured up anyway by adding tap water to salt and letting it evaporate really slowly to grow big crystals.110LikeReplyMD BYFORD26 Sep 2021 9:16PMGuardian actively shilling for big business and wage depression now. Weird.... Daily Telegraph

[xxxxxy] 27/9/2021 07:09

The need for more UK electricity generationSEPTEMBER 27, 2021 3 COMMENTSI was pleased to hear that the government is about to order or plan more nuclear power capacity. They need to. The UK currently generates around 15% of the power we need and around 17% of what we produce at home from  some old nuclear plants. Four of the seven  have to close by 2024 and two more  by 2030. The very least the government needs to do is to replace these. Only Hinckley C is currently going ahead and will be producing 3GW in a few years time. None of the smaller Rolls Royce plants nor the other large plants now being considered are likely to  be available prior to 2030, so we face a drop off in the next few years which should cause concern..The UK relies on imports for 10% of the electricity we need. We buy imports most days including when demand is well below our domestic capacity. Given the growing tightness of energy supply on the continent, their ambitious decarbonisation plans which could leave them wind dependent and short of power and French threats we should wish to end our reliance on this source of power.Wind power last year supplied  under 16% of our needs and solar under 4%. The aim is to push this higher and more capacity is being  added. However, as we have just witnessed, you can have a period of little wind and below average sun, leaving you very short of electricity. There needs to be  more back up or allowance for underperformance of these renewables.Last year biomass added 6% of our needs and gas 36%. Recently three old coal stations have had to be brought back into use and have provided around 4% of our power.The total demand last year averaged 33.8GW. Peak demand can reach 45GW on a busy cold day. The system has enough power currently for peaks assuming the renewables work well. However, with nuclear about to decline  and with domestic demands about to rise a lot were people to buy electric cars and electric heating systems we are going to need an additional 10.4GW of usable capacity. This would take care of the net  2GW loss of nuclear, the 3.4GW imports, and  5.0 GW to allow for a substantial rise in domestic demand for the planned electrical revolution.The immediate task should be to keep all old power stations available on care and maintenance to be brought on if wind and solar let us down. The government should examine what are the  best and cheapest forms of renewables that are not wind or sun dependent, given the priority they accord to decarbonisation. They need  to see if expanding biomass makes sense. It may be that for a transition period the UK simply needs more combined cycle gas as the cheapest option.Energy policy needs to keep enough capacity available to keep the lights on at all times, and needs to worry about the level of bills..... John Redwood

[donald t] 26/9/2021 21:14

"He blamed the Road Haulage Association for leaking comments from BP bosses about supply concerns, leading to the ‘manufactured situation’ with panic buying."

[donald t] 26/9/2021 19:59

There is no shortage of fuel, this has all been driven by the MSM and sheep.

[grupo guitarlumber] 26/9/2021 19:04

power

not as bad in other countries apparently except for Poland


UK apparently short of 100,000 drivers now




No shortages of products nor petrol here in France at present

Amazon,Super Markets and postal services as yet not affected here

[powereddrones] 26/9/2021 18:59

The problem is, is that over the last few years, fossil fuels have been demonised by the politicians and the media and other green groups globally and nationally.

Fossil fuel company HQs and refineries have been areas of focussed protest. Oil tanker drivers facing blockades, and I have no doubt threats made to them if they cross the protest line.

Then there are the teaching institutions that have pushed through the green agenda, and also telling people about how all these "low skill" jobs such as driving will be automated. So new blood won't be going into a career into Oil, or driving.

Throw in Covid, and you have a global shortage of drivers, and high oil prices for many years to come. Good Luck!

[the white house] 26/9/2021 16:30

Indeed, count me in, my Shell has been sold out for 2 days boosting my share price and they gave me loads of free pastries that they were about to retire last night. Happy days* *(if you have a full tank like me)

[roy1982] 26/9/2021 15:57

tonight at 8pm there will be a securicore van for all petrol station owners

[donald t] 26/9/2021 12:42

Tonight at 8pm there will be a clap for all the petrol station workers.