Shell Share Discussion Threads

[andyadvfn1] 11/10/2021 12:22

ditching the UK and Netherlands for the US is interesting. About CEO Ben though, 100% disagree. Top bloke. Wish he was at GSK.

[scobak] 11/10/2021 11:34

Porsche, who I largely ignore made an interesting point re listing in NY. I know of ADRs but is there any other kind of US listing for RDS?

[skinny] 11/10/2021 11:02

Brent > $84.

[partenope] 11/10/2021 10:45

"The big difference this time around is that the focus on ESG and green transformation has reached a fever pitch and effectively curtailed producers' normal long-cycle capex response to surging prices and rising demand i.e., boosting production. Without such a quick response from producers, it appears that the only path is to leave the markets to their own devices until prices reach a level where they trigger demand destruction. "

[gibbs1] 11/10/2021 09:40

Seeing Machines Ltd. said Monday it has signed a framework deal with Shell Global Solutions International BV to provide its Guardian driver distraction and fatigue technology.

The designer of artificial-intelligence-powered monitoring systems said Shell plans to start the deployment of Guardian in 2021, though it could take several years to be fully implemented.

Shares at 0750 GMT were up 5.0% at 9.61 pence.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

October 11, 2021 04:17 ET (08:17 GMT)

[waldron] 11/10/2021 07:08

European markets seen little changed to start the week

Published Mon, Oct 11 20212:00 AM EDT

Elliot Smith
@ElliotSmithCNBC


Key Points

Markets around the world whipsawed last week as investors monitored inflation expectations and U.S Treasury yields, which jumped to multi-month highs on Friday.

Major U.S. banks will kick off their third-quarter earnings this week, with JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley and Citigroup all due to report, starting Wednesday.

European stocks are set for a muted open on Monday, searching for direction after a volatile week.

Britain’s FTSE 100 is seen around 9 points higher at 7,105, Germany’s DAX is set to add around 23 points to 15,229 and France’s CAC 40 is expected to climb around 12 points to 6,572, according to IG data.

Shares in Asia-Pacific were mostly higher on Monday, with Hong Kong’s Hang Seng index jumping more than 2% to lead gains.

[arja] 11/10/2021 06:52

the chart tells the story and more in this one and in BP too !

[waldron] 10/10/2021 17:41

IRISH EXAMINER


Fossil fuels take revenge in world facing energy crunch

The forecast for record emissions is a poor backdrop to the COP26 climate talks that will take place in Glasgow in November

Fossil fuels take revenge in world facing energy crunch

China, India, and other developing economies are driving the demand for coal, but even the US is poised to increase its consumption of the dirtiest fossil fuel in almost a decade, according to a forecast from the International Energy Agency.

Sun, 10 Oct, 2021 - 17:18

Javier Blas and Aaron Clark

The energy crisis, the coming winter weather, and the release of pent-up pandemic demand have sent nations scrambling to stockpile fossil fuels, a move that portends a rebound for global carbon dioxide emissions this year.

The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5C.

China, India, and other developing economies are driving the demand for coal, but even the US is poised to increase its consumption of the dirtiest fossil fuel in almost a decade, according to a forecast from the International Energy Agency.

The world’s CO2 emissions peaked just prior to the onset of the Covid-19 pandemic, then in 2020 registered the biggest annual decrease since at least 1965, according to data from BP.

Releases of the greenhouse gas this year through August are just 1% less compared with the same period in 2019, according to Carbon Monitor, an emissions monitoring group.

The forecast for record emissions is a poor backdrop to the COP26 climate talks that will take place in Glasgow in November.

Emissions plans

The United Nations is urging countries to submit more ambitious emissions plans by the time the discussions get underway, and officials from almost 200 nations are expected to gather for the fortnight of negotiations.

Whether emissions reach new highs will probably depend on the weather, said Steven Davis, a professor at University of California at Irvine, and co-lead at Carbon Monitor.

“Fossil fuels used to heat buildings could make up that 1% quickly if it’s cold,” said Mr Davis.

The energy crisis has been concentrated in the power generation sector.

Shortages of natural gas and electricity have been especially acute in China and the UK.

Emissions from electricity producers were already up 2.2% globally between January and August versus the same period in 2019, driven by increases in China, India, and Brazil, shows Carbon Monitor data.

But in many places, CO2 releases from most major sources are on pace to be lower than in 2019, as coal plants shut down and more solar and wind power comes online.

Emissions in the EU and the UK during the first eight months of this year are down 4.7% compared with the same period in 2019, according to the group, which bases its estimates on power generation, industrial activity, ground transport, domestic and international aviation, and residential demand. In the US, they are down 3.5%.

Scepticism over renewables

Another factor that could spur emissions growth is new scepticism over renewables in the face of the energy crisis.

Disruptions over the past few weeks have sparked debate about the impact of the world’s transition to cleaner power.

While some see evidence of the intermittency of wind and solar power, others see equivalent if not greater vulnerability from extreme price swings and volatility triggered by disruptions in fossil fuel supply chains and dependency on petrostates such as Russia.

“My worry is there is a growing incorrect perception that the current energy crisis is caused because of renewables, or policies favouring renewables,” said Bloomberg analyst Ali Izadi-Najafabadi.

“The rational response to higher fossil fuel commodity prices as well as higher emissions would be to accelerate the shift to renewables,” he said.

[waldron] 10/10/2021 17:05

Europe Desperately Needs To Diversify Its Energy Supply
By Stuart Burns - Oct 10, 2021, 10:00 AM CDT

Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year.
Thermal coal prices have risen to record levels, threatening to impact GDP growth in China and India as a result of electricity rationing.
Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated.

Join Our Community

We have written twice over the last week concerning the energy crunch, first in China and then in India.

Thermal coal prices have risen to record levels, threatening to impact GDP growth as a result of electricity rationing.

The Financial Times observes that China has suffered a triple whammy of emissions restrictions on power generation, a shortage of coal, and price caps on electricity that mean demand is unaffected as input costs have risen. India, which relies heavily on coal for its thermal power plant, is facing tight supplies and record prices. Nationally, it has only four days of stocks left.
Europe energy costs on the rise

But energy — whether it is in the form of coal, natural gas or oil — is a global commodity. Both Europe and the U.S. find themselves with their own set of challenges, more skewed to the tight natural gas market and rising global oil prices.

The U.K. is not alone but is possibly the most acutely exposed to Europe’s reliance on imported natural gas, particularly from Russia.

U.S. gas contracts for November delivery surged nearly 40% this week to hit £4 per therm (having started 2021 below 50p).

But a surprise announcement by Vladimir Putin yesterday saying Russia was prepared to increase supplies to stabilize prices prompted a sharp sell-off, sending the price down to £2.87.

Whether it stays there will depend in large part on whether Russia can honor that commitment in the months ahead. Russian state gas supplier Gazprom has come under intense criticism for deliberately shipping to no more than its minimal contractual obligations this year. The reality is Russia’s own inventory levels are also depleted after a harsh winter.

Related: WTI Oil Price Breaks $80 For The First Time Since 2014

It is probably fair to say Europe’s energy markets are particularly exposed to supply disruptions despite supposedly being highly integrated.

Many large industrial consumers have complained that the E.U.’s Green Deal to make the bloc climate neutral by 2050 will only push up energy prices further. In turn, that could ultimately lead to social unrest. For example, high energy prices resulted in the French “gilets jaunes,” or yellow vests, demonstrations in 2018-2019.
Inflation, energy cost impacts

Rising energy prices have fueled inflation that was already being stoked by commodity price increase and supply chain problems for much of this year. Rising energy costs and inflation have been contributing factors in the August fall in German industrial orders. Orders fell 7.7%, a far sharper fall then economists had expected.

Meanwhile, rising energy costs have prompted the closure of large energy consumers across Europe, such as ammonia and fertilizer production. Meanwhile, in the U.S., oil prices this week hit the highest level in seven years after OPEC+ decided to maintain current production levels, which will see a planned increase of just 400,000 barrels a day from November.

U.S. administrators have talked about release from the strategic petroleum reserve and even limits or a ban on U.S. exports of crude oil to limit domestic oil price rises. The average price of gas at the pump has reached $3.19 a gallon, the highest in seven years.

The U.S. economy does not appear to be unduly hindered by the price rises yet. The private sector added a higher-than-expected 568,000 jobs in September, the biggest rise in three months. However, with midterm elections next year, high gas prices will not go down well with voters.
Looking ahead

Buyers of European components may expect to see some inflation in prices this year and next. Cost increases are coming, not just from metal prices but energy, wage costs and continuing logistics delays in Europe.

It is to be hoped the continent copes through this winter and cost increases do not derail the recovery. While manufacturers have been riding a wave of unprecedented demand recovery, it should not be mistaken as unstoppable.

A number of factors are converging to push up costs while potentially dampening demand. That makes a toxic mix for a still-fragile recovery.

By Stuart Burns via AG Metal Miner

More Top Reads from Oilprice.com:

[sarkasm] 10/10/2021 15:57

Russia’s Gazprom mulls higher gas prices for Europe as energy crisis deepens
By Dina Khrennikova, Olga Tanas and Elena Mazneva on 10/10/2021

MOSCOW (Bloomberg) --Gazprom PJSC increased its 2021 price guidance for natural gas exports, while signaling caution on volumes it could ship, as Europe’s energy crisis worsens.

The Russian gas giant, Europe’s biggest supplier of the fuel, reiterated that shoring up inventories at home was its top priority. Only after it has refilled its own storage facilities by the end of October, would the company look at potentially increasing exports to continental Europe, Wood & Co. and BCS Global Markets wrote in separate notes Friday following a webinar with Gazprom managers.

Gazprom increased its full-year gas-price guidance for exports to Europe and Turkey to a range of $295 to $330 per 1,000 cubic meters, wrote Ildar Davletshin, head of Russian research at Wood & Co. Mitch Jennings, a senior analyst in Moscow-based Sova Capital, also outlined the same price range. The revised outlook on Gazprom’s average prices in the region is good news for the company’s investors as it signals higher dividends may be coming.

Both Wood & Co. and Sova Capital also say that Gazprom is sticking with its conservative estimate of full-year gas supplies to Europe and Turkey, which is seen at 183 billion cubic meters.

Gazprom didn’t immediately respond to a Bloomberg request for a comment sent outside normal business hours.

Supply Caution

The energy crisis sweeping Europe, due to scarce supply exhausted by rebounding demand, threatens to hamper the region’s economic recovery by driving up business costs and household bills and sending inflation soaring. As a result, Gazprom’s caution on shipments may disappoint some traders and policy makers hoping for an immediate hike in supply.

Russian President Vladimir Putin suggested on Wednesday that exports from the country to Europe could hit a record in 2021, but wouldn’t specify precise volumes or when the ramp-up may start.

It’s not unusual for Gazprom to offer a cautious supply outlook, due to the fact that its sales are highly dependent on the weather, both in Russia and abroad. However, the company has taken pains to reiterate in recent days that it is fulfilling all its contractual obligations and it will aim to boost exports whenever possible.

The analysts say that Gazprom sees longer-term contracts and longer-dated prices as a tool that would help Europe mitigate the impact of extreme volatility.

Sova Capital’s Jennings said the company may consider a return to indexing gas price to oil in certain contracts “as offtakers might want less volatility in pricing.”

Meanwhile, Europe’s gas rally is already signaling a record-high dividend for Gazprom. Earlier this year, BCS forecast the gas giant’s 2021 payouts may exceed 40 rubles (56 cents) per share, more than double the previous record-high dividends in 2018.

[sporazene2] 10/10/2021 11:11

Vanadium battery storage has advantages over lithium

[skinny] 10/10/2021 11:05

"the only way for instance to store solar power, batteries, "

What about Hydrogen and Ammonia.

[porsche1945] 10/10/2021 11:02

I wouldn’t take too much notice of anything in Seeking Alpha, and btw the only broker who got oil prices vaguely correct ( still under estimated ) was Goldman Sachs. There will be a structural shortage of energy for years. The move to green energy is in reality, laughable, the only way for instance to store solar power, batteries, is entirely reliant on Lithium, there isn’t enough of it, it’s hard to mine and comes from a handful of filthy producers who do more harm than oil ever does. To get solar and hydro and wind power into the grid would mean increasing the grids size by three times. There isn’t a chance of that not least becos governments have no money left. Most of it is political sound bite crxp from imbeciles like wheezing fat useless boris bunter.
Russia Saudi and US shale will keep a grip on prices for years and make sure they make real money not sell real volume. It will drive inflation which is gonna be a killer for debt ridden growthless U.K. and Europe who have no energy wealth of their own. I bought Shell at 1250, my target is 26.50 once dividend reaches proper levels. It’s not particularly well run by current ceo which is a pity, same as the current poor management at BP.
Shell should move its domicile to a sole listing in the US where it will be treated properly politically ( Biden will be gone and oil friendly Republicans back in ) and be valued correctly not being dragged down by being on dog index of the world ftse 100 or political basket case Netherlands.

[grupo guitarlumber] 10/10/2021 09:18

partenope
10 Oct '21 - 08:54 - 9 of 9
0 1 0


very positive short term, not so much long term. interesting analysis and some good points in the comments section - worth a read :)


Zoltan Ban




Shell's Financial Results Will Be Greatly Boosted By LNG
Oct. 09, 2021 4:36 AM ETRoyal Dutch Shell plc (RDS.A), RDS.B,

Summary

LNG prices are skyrocketing in response to energy shortfall in Europe, with longer-term prospects looking bright as well, given the need for global natural gas supply flexibility.

The need for flexibility in the global gas market is enhanced by the intermittent nature of the growing supply of wind & solar power, which can leave regional energy gaps.

Shell is well positioned to take advantage, given its leading role in the global LNG supply chain.

While Shell's longer-term challenges, such as environmentalist pressures, as well as dwindling upstream reserves are likely to be a drag on its stock performance, shorter-term prospects should push the stock up.



Investment thesis: Shell (RDS.A), (RDS.B) continues to present investors with a major dilemma.

It is faced with dwindling upstream reserves as well as significant costs related to internal, as well as external pressures to significantly reduce its carbon footprint.

These are factors that make it an unattractive investment choice for the longer term.

The shorter-term outlook on the other hand looks exceedingly good.

For the next few months and perhaps the next few years as well, it is set to greatly benefit from higher oil prices, as well as the surge in natural gas prices and demand that we are seeing around the world.

This includes a surge in LNG demand, which will greatly benefit Shell this winter and most likely beyond.

[partenope] 10/10/2021 08:54

very positive short term, not so much long term. interesting analysis and some good points in the comments section - worth a read :)

[grupo guitarlumber] 09/10/2021 14:58

Frack us back from the brink! Boris Johnson wants to level up Blackpool. It's sitting on a goldmine of shale gas we've never needed more. So is it time to end the hostility, asks SUE REID

By Sue Reid for the Daily Mail

Published: 22:04 BST, 8 October 2021 | Updated: 01:10 BST, 9 October 2021

[loganair] 09/10/2021 13:19

The UK has plenty of gas under ground, sadly the greenies have said the UK mustn't get this cheap energy out of the ground, it must be left there and to use expensive wind turbines instead. What happens when the wind doesn't blow?

[grupo guitarlumber] 09/10/2021 11:40

Shell's Financial Results Will Be Greatly Boosted By LNG
Oct. 09, 2021 4:36 AM ETRoyal Dutch Shell plc (RDS.A), RDS.B,

Summary

LNG prices are skyrocketing in response to energy shortfall in Europe, with longer-term prospects looking bright as well, given the need for global natural gas supply flexibility.
The need for flexibility in the global gas market is enhanced by the intermittent nature of the growing supply of wind & solar power, which can leave regional energy gaps.
Shell is well positioned to take advantage, given its leading role in the global LNG supply chain.
While Shell's longer-term challenges, such as environmentalist pressures, as well as dwindling upstream reserves are likely to be a drag on its stock performance, shorter-term prospects should push the stock up.

[lammergeier] 09/10/2021 08:59

Interesting to say the least!!