Shell Share Discussion Threads

[xxxxxy] 07/12/2021 12:34

Western politics is in FantasyLand.

[xxxxxy] 07/12/2021 12:34

Pope Francis has compared the EU to a dictatorship in its attempt to impose 'woke' rules on language.The pope, 84, said the bloc risked falling apart if it became a vehicle for "ideological colonisation" as he left Greece following a four-day trip.Brussels last week withdrew a 32-page guide on inclusive language that advised staff to say "human-induced" instead of "man-made" and to avoid reference to Christmas during the holiday season.Facing an outcry, Helena Dalli, the European Commissioner for Equality, said the guidebook "clearly needed more work.... Daily Telegraph

[xxxxxy] 07/12/2021 08:07

Ukraine and Nord Stream 2DECEMBER 7, 2021 12 COMMENTSThe EU protests against Russia's seizure of Crimea. The EU says it does not want Russia taking any more of Ukraine. At the same time Germany encourages Russia to put in Nord Stream 2, a second direct pipeline from Russia to Germany to increase German and EU dependence on Russian gas. It also provides a way of diverting gas that might otherwise have flowed through a pipe across Ukraine, with revenues accruing to Ukraine, to a different route and no Ukrainian revenues. For Russia Nord Stream 2 is a double win, weakening  the EU and Ukraine at the same time.Both Germany and the EU are delaying signature on the regulatory arrangements and the contracts to supply gas via the pipeline. They are trying to place more of it under EU law. That will not of course make much difference should Russia at some date in the future decide to use the leverage it could exert from being a major gas supplier to the EU to demand concessions or changes of policy to its liking. For the legal route to work the other side both has to accept the jurisdiction of the EU court and to willingly submit to the views of the other party in the dispute. Russia would  not necessarily do that in practice whatever the initial documents might say.The SPD led new German coalition government includes the Greens and is meant to be taking the faster pursuit of net zero seriously. Greens do not usually welcome new sources of fossil fuel delivery. I guess in this case they will be so hard pressed to find ways of implementing their new pledge to try to phase coal out of their electricity generation by 2030  that they will not think they can do without this extra gas as well.Today President Biden will have a video conference with President Putin. Ukraine will doubtless  be high up the agenda. The USA has told the world of a build up of Russian troops near Ukraine's eastern border. One of the many things Presidents Biden and Trump agree about is the undesirability of Nord Stream 2. As it gets close to going ahead President Biden will need to find ways to warn Russia off using Ukraine's greater weakness to his advantage..... John Redwood

[waldron] 07/12/2021 05:34

European markets head for mixed open as investors weigh up omicron risks

Published Tue, Dec 7 202112:07 AM EST

Holly Ellyatt
@HollyEllyatt
CNBC

Key Points

European stocks are expected to open in mixed territory on Tuesday as investors weigh up new developments relating to the omicron Covid variant.

The U.K.’s FTSE index is seen opening 10 points lower at 7,230, Germany’s DAX 32 points higher at 15,426, France’s CAC 40 up 10 points at 6,889 and Italy’s FTSE MIB 137 points higher at 26,583, according to data from IG.

[geckotheglorious] 06/12/2021 17:10

You want to take them at £22/sh NOW?
:)

[micos] 06/12/2021 17:08

I'll take them

[geckotheglorious] 06/12/2021 17:07

20-22 pounds and I'm a seller.
:)

Happy to leave some for the next man.

[xxxxxy] 06/12/2021 15:57

Still think this will go to 30 pounds.Reality see....

[grupo guitarlumber] 06/12/2021 08:38

The Hague, December 6, 2021 - The Board of Royal Dutch Shell plc ("RDS") today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2021 interim dividend, which was announced on October 28, 2021 at US$0.24 per A ordinary share ("A Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euros at the rate of EUR0.2121per A Share. Holders of A Shares who have validly submitted US dollars or pounds sterling currency elections by November 26, 2021 will be entitled to a dividend of US$0.24 or 18.06p per A Share, respectively.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 18.06p per B Share. Holders of B Shares who have validly submitted US dollars or euros currency elections by November 26, 2021 will be entitled to a dividend of US$0.24 or EUR0.2121per B Share, respectively.

Euro and pounds sterling dividends payable in cash have been converted from US dollars based on an average of market exchange rates over the three dealing days from 1 December to 3 December 2021.

This dividend will be payable on December 20, 2021 to those members whose names were on the Register of Members on November 12, 2021.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Non-Dutch resident shareholders, depending on their particular circumstances, may be entitled to a full or partial refund of Dutch dividend withholding tax.

If you are uncertain as to the tax treatment of any dividends you should consult your tax advisor.

Note

A different currency election date may apply to shareholders holding shares in a securities account with a bank or financial institution ultimately holding through Euroclear Nederland. This may also apply to other shareholders who do not hold their shares either directly on the Register of Members or in the corporate sponsored nominee arrangement. Shareholders can contact their broker, financial intermediary, bank or financial institution for the election deadline that applies.

[waldron] 06/12/2021 06:16

European stocks head for higher open as omicron variant, bitcoin volatility watched

Published Mon, Dec 6 202112:26 AM EST

Holly Ellyatt
@HollyEllyatt
CNBC

Key Points

European stocks are expected to open higher on Monday as investors continue to monitor developments around the omicron Covid variant and bitcoin volatility.

The U.K.’s FTSE index is seen opening 56 points higher at 7,165, Germany’s DAX 136 points higher at 15,259, France’s CAC 40 up 72 points at 6,815 and Italy’s FTSE MIB 199 points higher at 26,107, according to data from IG.

[waldron] 06/12/2021 06:06

While Shell Resists Breakup, Rivals See Opportunity From Spinoffs

Italy's Eni and other European energy conglomerates are spinning off parts of their low-carbon energy assets or considering such moves to boost returns

published : 6 Dec 2021 at 04:30


writer: Ben Dummett


THE WALLSTREET JOURNAL



Royal Dutch Shell PLC is standing firm against Third Point LLC's call for a breakup of the oil giant to retain and attract investors. But that isn't stopping Eni SpA and other European energy conglomerates from targeting similar moves to boost shareholder returns.

Shell has defended its integrated strategy by saying its legacy oil-and-gas assets are needed to fund its investments in lower-carbon energy.

But Daniel Loeb's Third Point says the structure is too unwieldy to value Shell.

Instead, the U.S.-based activist suggests the company, which plans to consolidate its dual British and Dutch structure and relocate its headquarters to London, should consider separating its legacy operations from its renewables investments to boost returns and accelerate carbon-dioxide-emission reductions.

The standoff shows the challenges energy companies face maintaining their record of dividend payouts while managing the more recent pressures of reaping full value for their increasing investments in green energy.

Eni's solution: spinning off a minority stake of its retail energy and renewables business next year through an initial public offering.

The move isn't as extreme as the breakup Third Point is pushing for at Shell, but the aims are similar: Simplify the company's structure, in this case, to attract a higher valuation and a lower cost of capital. That will allow the spun-off company to raise money more cheaply to expand the alternative energy business as more investors bet on growing demand for low-carbon assets over fossil fuels like oil and gas.

Analysts and investors say it is too early to know if Eni's IPO strategy will succeed over the longer term. It has paid off so far, with the stock outperforming Shell and other European rivals BP PLC and TotalEnergies SE since the plan's approval in October.

The move by Rome-based Eni "is a potential experiment for the rest of the sector, and if investors are receptive, we expect others to follow suit in the coming months and years," said Biraj Borkhataria, a London-based analyst at RBC Capital Markets.

Spain's Repsol SA is another major oil producer considering splitting out its low-carbon assets, and it is expected to make a decision next year. Spanish electricity utility Iberdrola SA in July indicated it may list part of its offshore wind-farm business in an IPO.

Eni's renewables business oversees a network of wind-farm and solar-power projects across parts of Europe, the U.S., Asia, Australia and Africa. The company aims to expand its installed capacity of renewable energy to 60 gigawatts in 2050 from 1 gigawatt last year.

That business's potential value suffers because it is dwarfed by the company's lower-growth traditional oil-and-gas business, measured by operating profit.

Eni's enterprise value trades at 3.5 times to its estimated earnings before interest, taxes, depreciation and amortization, according to S&P Capital IQ. By comparison, Denmark-based wind-farm operator Oersted A/S and U.S. alternative energy giant NextEra Energy Inc. each trade around 16 times that profit measurement.

Eni didn't disclose a valuation target for the new business when it detailed financial forecasts for the new company on Nov. 22.

Eni's shares have risen 3.6% since the IPO announcement, while Shell's have declined 1.3%, France's TotalEnergies has slipped 0.8% and BP is 1.2% lower.

The recent outperformance of Eni's shares relative to its peers shows that the spinoff plan has played a central role in the stock's strength, said Giacomo Romeo, an analyst at Jefferies International.

Spanish infrastructure and energy company Acciona SA has already demonstrated some of the benefits of a spinoff. In July, it listed a minority stake of its business that builds and operates wind- and solar-power projects. Corporacion Acciona Energias Renovables SA trades near 25 times its projected earnings estimates, above the parent company's multiple of 22 times.

By spinning off low-carbon assets, integrated energy companies create businesses that can appeal to institutional investors like the Ford Foundation and Dutch pension fund Horeca & Catering. These institutions are part of a growing number that are ending investments in fossil fuels or selling assets to help reduce global warming.

In September, Horeca & Catering sold out of its €250 million, equivalent to $283 million, worth of fossil-fuel stocks including Eni, Shell, BP and Exxon Mobil Corp.

The fund, which oversees €16 billion in assets, would still be allowed to consider investing in Eni's low-carbon business following its spinout into a separate publicly traded company. That assumes any revenue from oil and gas was less than 50% of the total, said Bas van Ooijen, a senior investment manager at the fund.

The Ford Foundation said a month later it planned to end fossil-fuel investments and that the move could undermine future returns. Horeca & Catering said its analysis shows no significant difference in its overall returns over the long term whether oil-and-gas stocks were included or excluded from its portfolio.

"There will be more cases where [integrated] companies will see an issue between what independent [alternative energy] players are valued at and the value of their low-carbon assets, especially as these businesses grow,'' said Mr. Romeo, the analyst at Jefferies.

[partenope] 05/12/2021 17:45

Oliver Shah in today's Sunday Times makes some great points about the foolishness of the Government's position/posturing when it comes to climate policy. Specifically related to Shell and the Cambo development.



tomorrow is the conversion date (USD/GBP) for the dividend.

the General Meeting to vote on the proposed move from holland to the UK is on Friday.

[loganair] 05/12/2021 12:29

Chap being interviewed in Southern Arizona. He said in the summer it is so hot at night that he would need the equivalent of 10 batteries ($100,000 worth of batteries) of electricity to run his air conditioning over night - for most instances batteries are not feasible to store enough electricity to run most peoples life's.

[suetballs] 05/12/2021 12:05

We're getting a bit scientific here - luv it!
suet

[loganair] 05/12/2021 12:02

I am staggered at how environmentally unfriendly it is to make solar panels or wind turbines.

One needs to look at the LCA (Life Cycle Assessment), EV's only 30% of their LCA is the fuel the rest is based on the materials to manufacture the car then its complete disposal which is far far more environmentally unfriendly compared to a combustion engine driven cars.

The sole reason I'm infavour of EV's is they when driven they produce no SO2 or NOX both terrible contaminants that combustion engine driven cars produce in vast quantities. For this reason is why I'm also very much in favour of Hydrogen power and gas to power our electricity grid system - we need more CO2 in the atmosphere, not less. CO2 is what plants need to live on and they need 1,000ppm to be healthy, to grow more leaves, to grow greener leaves and thereby giving out more Oxygen which we animals need to breathe and live.

[suetballs] 05/12/2021 10:41

I agree totally on the solar panels - expensive, not very efficient and ugly.
As I do so few miles I will be keeping my petrol and diesel cars - both low mileage too.
I have just had a new gas boiler too - fantastic!
Suet the philistine.

[waldron] 05/12/2021 10:01

if one has an old house i feel the current solar panels are ugly and can in some cases
diminish its value and attractiveness and if under contract lead to complications when selling the house

special antiqued tiles although might well do the job and as you mention a decent battery is paramount

[loganair] 05/12/2021 09:45

I've been looking at putting in solar, what puts me off is that a £9,500 battery when fully charged will only run my fan heater for at most 5 hours.

At night, if I was to run all my heating, lighting and a little cooking this 10Kwh £9,500 battery may if lucky last just 2 hours.

My neighbour has had to have put in a second set of solar panels and a 2nd battery and he also uses his electric car as a 3rd battery, no wonder why I hardly ever see them driving their ev, instead almost always driving their standard combustion engine driven car.


shhhhh...it's not CO2 that causes global warming, in the past the planets CO2 has been 5 times higher then it is today and during that time the worlds temperature was over 10C cooler then it is today.

Modern global warming while real is 100% absolutely NOT Record anything.

There is something called the 'Daansgard-Oeschger' cycle, is a 1,500 year cycle where the temperature of the planet rises on average between 3C and 5C. The last time it happened is how come the Vikings made it all the way across to New Foundland and was possible to grow grapes in Scotland.

[waldron] 05/12/2021 08:32

weening itself off oil will no doubt be very slow if done sensibly

The money has to come from somewhere to pay for the gradual change

They should do a plan and timetable which i believe will stretch over a decade or more

i for one will keep my efficient diesel and petrol cars as long as i am permitted

[xxxxxy] 05/12/2021 06:40

OMMENTS 171newestAll CommentsSomeone is typingBRBrian Reay1 MIN AGOMessage ActionsThe naive West have allowed the tree huggers, sponsored by Russia and China, to spread the nonsense of man made global warming. When have the tree huggers protested in China or Russia? Our leaders and people like Attenborough are no more than useful idiots assisting in the destruction of our economies at the behest of Russia and China.REPLY 0FLAGETEdgar T Hill2 HRS AGOMessage ActionsYou mention batteries. What batteries?REPLY 1FLAGJCJD CO3 HRS AGOMessage ActionsI think that a lot of us either didn't mind or got a warm fuzzy feeling when saw a moderate shift to renewables. However, it has turned into obsession fuelled by the Hard Left who don't give two hoots about the costs to people, families and businesses. I'd say that this is the priority of Britons in this order:1) reliable energy2) affordable energy3) safe energy generation4) renewable energy.... Daily Telegraph

[janhar] 04/12/2021 15:36

The invasion of Ukraine should help to boost gas and oil prices. Europe can't be seen to be funding the invasion by buying Russian gas. Price of both will rocket.