Shell Share Discussion Threads

[waldron] 06/10/2021 07:53

European markets set to tumble at the open, reversing positive sentiment

Published Wed, Oct 6 202112:20 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc


Key Points

European stocks are expected to open sharply lower on Wednesday, reversing mostly positive trade this week.

The U.K.’s FTSE index is seen opening 40 points lower at 7,039, Germany’s DAX 103 points lower at 15,092, France’s CAC 40 down 42 points at 6,530 and Italy’s FTSE MIB 175 points lower at 25,453, according to IG data.

[xxxxxy] 06/10/2021 07:13

Putin blames 'drastic' switch to renewable power for energy crisisUK gas prices hit new record high while the price of petrol is now 136.1p a litre - the highest level since September 2013... Daily Telegraph

[waldron] 05/10/2021 18:11

INVEZZ



Shell share price forecast as crude oil and natural gas prices soar

By: Crispus Nyaga

on Oct 5, 2021

The Royal Dutch Shell share price skyrocketed to the highest level since February.

The stock soared as the price of crude oil and natural gas soared.


We explain why the stock will soon hit 2,000p in London.

The Royal Dutch Shell (LON: RDSB) share price skyrocketed to the highest level since February 2020 as oil and natural gas prices soared. The stock surged to 1,707p, which was about 110% above the lowest level since October last year.
Crude oil and natural gas prices surge

Royal Dutch Shell is one of the biggest upstream, midstream, and downstream oil and energy companies in the world. The firm explores, stores, trades, and sells oil and gas globally.



Therefore, like other integrated oil companies, Shell has benefited from the surging oil prices. The price of Brent surged to more than $83 while the West Texas Intermediate (WTI) soared to more than $80. This is notable since oil prices crashed to the negative zone at the height of the Covid panic in 2020.

The rally was supercharged by an OPEC+ meeting that happened this week. The cartel decided to leave their supply goal intact, meaning that they will continue adding 400k barrels per day every month. This monthly increase was significantly smaller than what analysts were expecting. As such, some analysts believe that oil prices will soar to $100 per barrel soon.

At the same time, the price of natural gas has rocketed to a multi-year high. With countries facing significant energy shortages, there is a likelihood that the prices will keep rising as winter approaches. The natural gas prices are notable since Royal Dutch Shell is one of the biggest dealers around the world.

To some extent, the pandemic helped Royal Dutch Shell and other supermajors like BP and Exxon. It pushed some of these companies to sell non-core assets and cut their costs. As a result, what remained are relatively smaller companies that are more efficient.

Therefore, the Shell share price will likely keep doing well as cash flow rises and the company increases its shareholder returns.
Shell share price forecast

The weekly chart shows that the RDSB share price has been in a bullish momentum in the past few weeks. Indeed, it has risen in the past four straight weeks. At the same time, it has moved above the key resistance level at 1,487p, which was the previous year-to-date high.

The price has moved above the 25-day and 50-day moving averages and the 50% Fibonacci retracement level.

Therefore, there is a likelihood that the bullish momentum will continue as bulls target the next key resistance at 2,000p.

[xxxxxy] 05/10/2021 17:38

Petrol prices have hit their highest level in eight years as gas prices soared and crude rose even higher on Tuesday. UK natural gas futures hit a record high, surpassing 300p a therm for the first time, following a 24pc surge. A global energy crunch is threatening to cause a bleak winter in Britain, with energy bills and petrol costs on the rise.The price of a litre of petrol now stands at 136.1p, the highest level since September 2013, while diesel costs 139.2p - 1.25p more than on September 25. Motorists have already been hit by fuel shortages at the pumps due to a lack of HGV drivers to distribute the fuel, with the Army being drafted to help with deliveries.The situation has eased in much of the UK but London and the south-east are still "lagging behind", according to the Petrol Retailers Association. Its survey found that 64pc of service stations in the capital and the South East now have both petrol and diesel available, while 21pc had only one type and 15pc were dry..... Daily Telegraph

[xxxxxy] 05/10/2021 17:36

Some by luck or judgment will have doubled their value over the year. Well done. Some may have just added to holding. That's good too.

[waldron] 05/10/2021 17:15

John Harrington

16:11 Tue 05 Oct 2021

Gas prices continue to soar as increased demands drains inventories

Natural gas is trading above US$215 per barrel of oil equivalent
gas tank

Wholesale gas prices are going through the roof as a result of increased demand from economies getting back on their feet after the pandemic.

The benchmark Dutch TTF gas future contract (for November) was up 25% on Tuesday at US$120.63 per megawatt-hour, up more than 250% during 2021. UK gas for November delivery is currently trading at US$286 a therm, compared to around US$100 towards the end of July.

As a result of increased demand, stockpiles in Europe are running low, particularly in the UK, and producers are struggling to replenish supplies; some power plants have switched from using natural gas to oil to produce energy as a result of supply constraints.

Natural gas is trading above US$215 per barrel of oil equivalent; oil – the real stuff (specifically Brent crude for December delivery) is trading at US$82.91 a barrel.

“Surging gas and power prices have also been felt outside Europe with hot weather-related demand not being met by a similar response from producers. Add to this the worst quarter for wind power generation in years, and the pressure on traditional fuels such as gas and even coal has been elevated,” said Ole Hansen, the head of commodity strategy at Saxo Bank.

“As a result, we are heading into the northern hemisphere winter with stock levels, both in the US and especially in Europe, well below the average seen in recent years. If not arrested by a milder than normal winter or increased flows, either from LNG [liquefied natural gas] or from Russia through the soon-to-open Nord Stream 2 pipeline, a bleak—and expensive—winter could await Europe’s consumers and energy-heavy industries,” Hansen warned.

Proactiveinvestors

[waldron] 05/10/2021 16:37

Nord Stream 2 AG Appeals Against Court Decision Not to Exempt Pipeline From EU Gas Directive

5 hours ago (Updated: 5 hours ago)

05.10.2021

MOSCOW (Sputnik) - The Nord Stream 2 AG has appealed against the Dusseldorf court decision not to exempt the Nord Stream 2 pipeline from the European Union’s gas directive, the operator said on Tuesday.

"We confirm that Nord Stream 2, in compliance with the deadlines, filed an appeal against the decision of the Supreme Regional Court of Dusseldorf of 25 August 2021 to the Federal Supreme Court of Germany," the pipeline’s operator company said.

Nord Stream 2 is a joint venture of Gazprom, Royal Dutch Shell, OMV, Engie, Uniper, and Wintershall. The project is designed to carry natural gas from Russia to Germany beneath the Baltic Sea. On 10 September, Russia's Gazprom announced that the construction of the pipeline was completed.

The pipeline is expected to supply up to 1.9 trillion cubic feet of gas per year from Russia to Germany.

The United States has opposed the project, promoting its liquefied natural gas in Europe. In July, Berlin and Washington struck a deal to pave the way for the completion of the pipeline, without the threat of US sanctions.

[waldron] 05/10/2021 16:28

Shell signs partnerships for 800 MW of solar developments in UK
Source: Shell

October 5 (Renewables Now) - Royal Dutch Shell Plc (AMS:RDSA) will partner with two UK solar developers on the development of more than 800 MW of solar farms in the UK.

The oil and gas major on Monday said it signed a framework agreement with Island Green Power to develop photovoltaic (PV) projects with co-located battery storage potential. Initially, the parties will collaborate on more than 700 MW of total generating capacity.

Shell has also signed a deal with Clearstone Energy to develop several utility-scale PV projects with a combined export capacity of 100 MW. The projects have co-located storage potential and are located in the South-East of England.

The two deals will be contingent on a future final investment decision.

Shell is building an integrated power business covering the renewable generation, trading and supply of clean energy to businesses and consumers, explained Shell UK chairman David Bunch. “We will work with both Island Green Power and Clearstone Energy to deliver high-quality solar PV projects to supply more of our UK customers with renewable power,” added Bunch.

It was recently unveiled that Island Green Power plans to install more than 1 GW of PV capacity at the site of a coal-fired power complex.

[adg] 05/10/2021 16:21

I bought bp and shell on the way down (too early) - approx 20% up + divis reinvested so happy days for me, will hold for a while and se what happens - bp 400 to 450 and shell ££18 to £20 will do me next year

And porsche1945 i proved to you a while ago that you were talking rubbish about your statement about the £ - read it and respond

[husted] 05/10/2021 12:56

I bought in 2015 at £14 and doubled my money in a couple years, including dividends.

I bought again 2019/20 hoping for repeat, but average is £13.50 so no where near the bottom this time, but can still double money including dividends I think, as price will get into £20s.

Oil is all about opec just now imo. They are in control. They may not be in control in 4 months time if shale responds with new production. But just now if they want to end year on £90 oil, then that's what'll happen.

Shell is primarily gas company, but not sure gas spot prices have much bearing on bottom line. However hopefully they'll be getting customers to sign long term LNG deals and some of their gas prices are index linked to oil price.

I'm also hoping all their big gas projects like Prelude are fully up and running. IIRC they weren't at last update.

[tornado12] 05/10/2021 11:55

I believe RDSB is going back towards the 18-22 gbp range. I brought all the way down to 8,60, although I was asking myself a lot of serious questions. RDSB will not abandon oil anytime soon and a lot depends on the world direction, including the ever increasing population which will sustain or even increase oil needs in next 10 years. In my opinion, Shell can play in both courts of oil-gas and green and still maintain a very healthy balance sheet and divi payments for many years to come. For now, they have the golden moment to bring down debt strongly, increase dividend and make strategic invests in oil, gas and green techs.... This is one of unique opportunities in last decades for this company to capitalize...

[kinbasket] 05/10/2021 10:55

but realistically how many got it at 845?

Only everyone on ADVFN.. and twitter obvs.. and probably Reddit now.

everyones a bottom ticker on social media.

it's usually followed by "I sold mine a few weeks ago at ".

[kaffee] 05/10/2021 09:47

Sell half on a double is unlikely to be in the mindset of a Blue Chip holder. That's a small cap / tech mentality. Who the hell lives in a era when Blu Chips double in the space of 12 months? Oh wait.....

[adg] 05/10/2021 08:44

A question please for Chartists - is there any significance in the years low of 845.40 being virtually exactly half of the years high of 1690.6 ?
Assume that it’s a point where certain investors who follow the “sell 50% of holding if it doubles” rule but realistically how many got it at 845? Very very few I assume

[xxxxxy] 05/10/2021 07:50

Think rdsb getting out of oil but staying with gas. But hydrogen frightening. Instead of one house blowing up, takes out a block. There is.... Theory.... and there is..... Reality. Pop goes the weasel.

[waldron] 05/10/2021 05:56

European markets head for positive open, brushing off Wall Street losses


Published Tue, Oct 5 202112:34 AM EDT
Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open in positive territory on Tuesday with regional investors brushing off Monday’s losses on Wall Street.

The U.K.’s FTSE index is seen opening 20 points higher at 7,033 and Germany’s DAX 41 points higher at 15,083, according to data from online trading platform IG.

France’s CAC 40 is set to trade 9 points higher at 6,491 and Italy’s FTSE MIB up 75 points at 25,191, IG showed.

[waldron] 04/10/2021 19:31

Shell dismantles Goldeneye

Oct. 4, 2021

Shell UK Ltd. has removed its Goldeneye wellhead platform about 100 km northeast of the Aberdeenshire coast in the United Kingdom Continental Shelf.

OGJ editors



The platform was installed in 2003 and included five platform wells in 120 m water depth with a direct tie-back via the Goldeneye pipeline to the St. Fergus onshore infrastructure. It was operational as a gas-producing field from 2004. Production cessation was granted in 2011.

The platform was removed by Heerema Marine Contractors using a reverse installation method, starting with removing the 1280 metric ton topside in a single lift. The topside was transferred to the Heerema Thialf semisubmersible crane vessel deck for transportation.

The jacket was removed by cutting skirt piles using Deco Subsea's internal abrasive water jet cutting techniques at -3m below the seabed. The 3019 metric ton jacket was removed and remained suspended in Thialf's cranes for transportation to Vats, Norway. The topside and jacket will be sent to the AF Environmental Base for recycling and reuse. Over 97% of the material will be recycled.

Thialf will now undergo yard maintenance, including modifications to the vessel’s A-Frame to enable it to expand its service area and deliver solutions in the Baltic and the Black Sea regions.

[the white house] 04/10/2021 14:05

Brent north of 80Added