Shell Share Discussion Threads

[xxxxxy] 28/10/2021 17:16

An inconvenient truth: polluting stocks may be coming back into fashionCop26's urgent message risks being undermined as the energy crisis pushes investors back towards companies exploiting natural resourcesTOM STEVENSON28 October 2021 • 11:00am.... Daily Telegraph

[xxxxxy] 28/10/2021 17:15

Hurricane Jack28 Oct 2021 1:37PMThe inconvenient truth is that Tom is peddling a lie. Perhaps he feels he has to to keep his job but he has signed up to a misanthropic, end of the world cult. CO2 is good for the planet not bad. It's plant food. Today it is around 414 parts per million whereas life on Earth has seen much higher levels in the past up to 6,000ppm as evidenced in ice core and ocean floor sediment samples.The Earth has also been much warmer than today. We live in the Pleistocene ice age, the coldest period in Earth's history although we are lucky to be living in a warmer bit of the cold part in between regular glaciations, the Milankovitch cycles. The Earth is coming off the Holocene Thermal Maximum and has been cooling for about 6,000 years. The miniscule uptick in temperatures since industrialisation is insignificant noise in an overall downward trend.CO2 is also on a downward trend. Plant life cannot survive in levels less than 150 parts per million. That should be more of a concern because the vast majority of CO2 thrown into the Earth's atmosphere by volcanic and seismic activity in Earth's earlier existence has been re-sequestered in great extinctions caused by asteroid impacts. The Earth's volcanic and seismic activity has settled down and so too the CO2 released into the atmosphere. Human industrial activity has increased CO2 slightly and that's great for the greening of the planet.The evidence is in the history and is completely contrary to what the alarmist, end of nigh preaching cult leaders are screaming at us today.Of course, no one likes pollution and harmful particulates in the atmosphere but that's about cleaning up to be healthier and is quite a different discussion altogether..... Daily Telegraph

[lippy4] 28/10/2021 16:17

down a pound i am shocked..

[partenope] 28/10/2021 16:10

mainly positive comment from HL - interesting comment re. the cash to be "returned" to shareholders from the sale to Conoco Phillips

"Disposals have lent a hand too, with the imminent sale of the group's Permian shale fields expected to shore up the balance sheet, while also funding a $7bn share buyback."

I hadn't heard explicitly that another buyback was on the cards. Anyone have any info on that?

[kkclimber56] 28/10/2021 15:23

I don't know which has the greatest capacity to disappoint, shell or lloyds. Both obsessed with buy backs

[waldron] 28/10/2021 14:51

thanks part

[adg] 28/10/2021 14:34

I prefer turning up the voltage - wouldn't then have all the associated legal, policing and penal system costs of dealing with the lazy-should-get-a-proper-job, sponging, good-for-nothing, misinformed, bigoted waste-of-oxygen(&; skin), skiving, scrounging no-hopers

[partenope] 28/10/2021 14:23

Shell's Value Is Highlighted by Activist's Break-Up Plan, Analysts Say Farah Elbahrawy 04:47 PM IST, 28 Oct 2021 05:56 PM IST, 28 Oct 2021

(Bloomberg) -- Activist investor Dan Loeb’s proposal to break up Royal Dutch Shell Plc highlights how undervalued the company is compared with other major oil producers, according to analysts, even if they’re skeptical that idea will come to fruition. Valuing Shell’s businesses separately yields a $250 billion market capitalization, compared with a current value of $180 billion, according to RBC

www.bloombergquint.com/business/loeb-plan-highlights-shell-s-value-raises-risks-analysts-say

[scobak] 28/10/2021 14:06

This is my opinion only. It is all well and good feeling sorry for protesters - I will not give them their preferred title- To protest is legitimate and deserves our support as a democracy but when they partake in criminal activity, breaking into private property where their reckless activity could endanger life and blocking roads where ambulances and other 'must get there people' then this should not be tolerated.
Needs on the spot judicial proceedings with imprisonment pending any trial on the basis that if bailed they will only likely reoffend.

The renewables business strikes me as paying lip service to the green and ESG brigade.
It clearly is not making any money and my energy bills indicate that I am paying a fair amount of money to subsidise them. RDS should not be spending our money on such expensive and frivolous follies.
I agree with Loeb.

[waldron] 28/10/2021 13:34

not to worry, soon be a new month and then a Santa Claus Rally for one and all

[jrphoenixw2] 28/10/2021 13:22

'It never rains...

From c9am this morning

'Gas prices slump as Putin promises supply boost
Natural gas prices have fallen sharply this morning after Vladimir Putin said Russia will pump more gas to Europe next month.
Benchmark Dutch gas dropped as much as 12pc, while the UK equivalent dropped 10pc.
Late last night the Russian president ordered state energy giant Gazprom to focus on filling its European sites from 8 November, a day after it does the same in its home country.
He said the move would ease the supply crunch across the continent, where surging prices have pushed up inflation a driven a string of energy suppliers out of business.
Gas flows from Norway also increased, providing further relief to prices.
It's the latest intervention by President Putin, who has moved markets with his supply promises.

[saltaire111] 28/10/2021 13:11

Managements will ALWAYS favour buybacks over divis. That’s because management, who see a large proportion of their annual income granted in the form of RSUs and Stock Options, do not benefit from dividends while waiting for their awards to vest. Their awards do, however, benefit from capital appreciation, of course, and that’s why they ALWAYS favour buybacks.

Salty.

[loganair] 28/10/2021 13:02

What goes into making the blades for all the wind turbines, oil to make the polymers and the mining equipment to mine all the vast amount of commodities needed to make solar panels?

More coal is being used today then at any time in history.

Just for electric cars, by 2040 the world will need to be producing 1/3rd more electricity to power them. Getting rid of gas central heating etc, by 2050 the world will need to be producing 3 times more electricity then it is today - no way, no where near any of this will come from wind and solar

[pander45] 28/10/2021 12:53

There seems to be a ridiculous misconception that our dependency on oil can be switched off in next to no time, overnight almost. Ludicrous. Our dependency on oil penetrates into millions of everyday products as well as the more obvious uses. With less developed nations numerous and abundant for industrialisation only oil can drive it forwards at the pace needed and in a cost effective way. Oil has 100 years in it at the very least.

[loganair] 28/10/2021 12:34

Shell needs to keep its oil and especially gas as will be extremely cash generative over the next at least 10 years and most properly 20 to 30 years and to use this money to invest in renewables as well as any gas projects Shell may have up its sleeves.

[adg] 28/10/2021 12:28

kk
I am deferred shell pensioner (strangely i never actually directly worked for Shell as staff but they bought a company i had a number of years with so my pension went over to their scheme) i recently took the cash and put into my SIPP so no ties with SCPF now.
I have been involved with several Shell projects (worldwide) over the past decade or so, the most recent is ongoing and i must say that as far as this individual project goes, considering the challenges due to covid and its knock on effects, the team and management are one of the (if not the) most professional, efficient, knowledgeable and coherent and effective project groups i have ever been involved with during my 38 years in the industry !
Wasn't always the case for sure!!

[adg] 28/10/2021 12:20

Hi Waldron (thanks for ongoing informative posts btw)
It was let slip on the Aston Martin bb when he was trolling that board and complaining about Britain and British companies and British government and FTSE last year - i think it was Provence and i think that he said he drove a jag !!

[kkclimber56] 28/10/2021 12:12

As someone who spent his whole working life employed by Shell I do find it sad that a once great company can now only be relied upon to disappoint time after time after time.

I did extremely well out of shares, options and save schemes in my time with Shell that helped accelerate my early retirement but in the last 17 years they have been a total dud.

I dont know what it is like now but in the last few years of my employment it became very inward looking and obsessed with process management investing literally billions on IT which, as far as I can see failed to return very little. I found it amusing how quarterly results statements would point to the benefits each new IT investment promised only for any reference to those investments never to be mentioned again they had been implemented. Remember Galaxy and Streamline?

It wasnt the cost of these projects that annoyed me but rather the fact that they were a huge distraction for everyone in the organisation - a distraction from making money

[jrphoenixw2] 28/10/2021 12:06

Also from the DT:
'Shell's profits have fallen short on an adjusted basis, but looking at the net figures it's an even worse picture.
The company swung to a net loss of $447m in the third quarter, compared to a profit of $3.4bn in the previous three months. This was down to a huge $5.2bn charge linked to commodity derivatives.'

$5.2bn!? That's over half the proceeds ($9.5bn) of selling their Permian basin assets...

[xxxxxy] 28/10/2021 12:04

Seems a bit depressing today. And it is not just Wales and the weather.Have a nice day.

[waldron] 28/10/2021 12:04

chuckle adg

where in France doth Porsche live

never realised it

if he posted on the FROG thread i would perhaps had noticed

cheers

[xxxxxy] 28/10/2021 12:03

george smiley27 Oct 2021 10:46PMESG is going to finish off the FTSE100. All that will be left will be socially compliant co-ops run by diverse non-talent making non-profits.9LikeReplyJonathan Lloyd28 Oct 2021 7:49AM@george smiley ESG is a global disease. It's spread right across the World and is in tune with political meme of the moment. Appointments to management and the direction of business need to be on merit and in the shareholder interest, not nonsense such as "diversity". 1LikeReplyWilliam McIntosh28 Oct 2021 8:06AMGiven that the FTSE 100 is flat over the past 20 years it is already finished as a viable investment entity.1LikeReplyPeter Donoghue28 Oct 2021 8:33AM@george smileyThe Dunedin investment trust has now gone down this route, and won't invest in tobacco companies, oil and gas, or any energy generator that uses fossil fuels, plus they also blacklist nuclear power.They still have Diageo in their portfolio, but for how much longer, I wonder..... Daily Telegraph

[jrphoenixw2] 28/10/2021 12:01

Telegraph today, an extract:

'Shell has come under attack from a Wall Street raider demanding a break-up of the oil and gas giant after taking a stake worth about $750m (£545m). Dan Loeb’s Third Point said it had been “a difficult two decades” for shareholders in the FTSE 100 company, which it claimed was now torn between conflicting interests over climate change. He believed Shell should put its oil and refining operations into a separate business focused on returning cash to shareholders. That would allow the company to investment more in renewables, liquified natural gas and its global network of petrol stations where it is installing electric charge points.

In a letter to Third Point shareholders, Mr Loeb said: “Some shareholders want Shell to invest aggressively in renewable energy. Other shareholders want it to prioritise return of capital and enjoy the exposure to legacy oil and gas. “In our view, Shell has too many competing stakeholders pushing it in too many different directions, resulting in an incoherent, conflicting set of strategies attempting to appease multiple interests but satisfying none.”