Shell Share Discussion Threads

[adg] 07/1/2022 07:53

Am I correct in that a Special dividend would have been just over £1 had that $5.5b been allocated ?
Would have been good as a buyback wont even cover 1% of shares in issue. May be better in the long run.

[oilretire] 07/1/2022 07:47

That's what i was thinking - get rid of the 'green' funds that expect the transition to be the flick of a switch. Good riddance!

[kinbasket] 07/1/2022 07:43

All the pension funds putting on their ESG boots want out. Quite happy to see buybacks in that scenario. In the end it'll just be a few of us and some Hedgies left swimming in lakes of free cash flow...

[oilretire] 07/1/2022 07:24

$5.5b from Permian is a buyback 'at pace' rather than a special div.Perhaps they have institutions that want out?

[watfordhornet] 07/1/2022 07:16

Positive update note this morning unless I am reading it wrong.

[geckotheglorious] 06/1/2022 16:21

There may be trouble ahead.......
Let's face the music,and dance!


OPEC misses production targets for December, but Saudi cuts pricing

A survey of OPEC-only production figures was released this morning, showing oil production (NYSEARCA:USO) grew 70kb/d in December, well short of the 253kb/d increase permitted for the OPEC-only Nations (OPEC+, including Russia, Kazakhstan and others, was budgeted for a 400kb/d production increase).
The OPEC "group of 10" - excluding Libya, Iran and Venezuela, which are not bound by a quota - delivered 150kb/d of production growth in December, compared to the 253kb/d budget.
Angola and Nigeria (NYSE:XOM) (NYSE:E) (NYSE:TTE) (NYSE:RDS.A) continue to be the largest source of production misses, with Nigerian production actually falling in December (likely on the back of the Forcados outage); interestingly, Iraq narrowly under-produced the Country's production budget in December, after over-producing in November.
In Venezuela, where the Government claimed production increased to 1mb/d by Christmas, it appears that production in fact increased by ~20kb/d to 640kb/d for the month.
With the bullish thesis that OPEC+ will be unable to meet production targets becoming consensus, and many market participants questioning OPEC's forecast for a surplus crude market in Q1, Saudi actually cut its official selling price (OSP) to Asia this morning, indicating the Kingdom feels the need to offer discounts to benchmark pricing if it hopes to maintain market share in Asia.
With a reliable production survey now out for December, the market focus is likely to shift to Kazakhstan, where ongoing violence threatens the Nation's crude exports (NYSE:CVX).

[geckotheglorious] 06/1/2022 16:21

Sooner Shell gets out of Nigeria the better in my view..far too much scamming/bunkering taking plac.e. Most of Nigeria runs on one scam or another.
And most scams(particularly ones involving middle aged western women) emanate from Nigeria.

[geckotheglorious] 06/1/2022 10:08

Adg,

Even worse than that. We keep pumping up the size of our population meaning the scarce power generation we do have is having to be spread thinner and thinner every year.

The HoC are a collective bunch of idiots. We have one of the poorest bunch of representatives this country has ever had the displeasure of being governed by.

[waldron] 06/1/2022 09:45

SHELL A : RBC gives a Buy rating
01/06/2022 | 08:20am GMT


Already positive, the research from RBC and its analyst Biraj Borkhataria still consider the stock as a Buy opportunity. The target price is unchanged at GBX 2500.

[adg] 06/1/2022 09:33

I have worked in the O&G industry since ‘83, currently our small company works on a number of projects worldwide and I can honestly say that the UK outlook is dire. And as every rational semi-intelligent forward thinking person must see, where are we going to get our energy from? We will be beholden to Europe for electricity and ultimately Russia for gas!
Why get into such a mess when we have it all under our own feet - these lunatic greenie keyboard eco-warriors make my puss boil!
God help our kids, I truly despair for the future for the younger generations but alas it is mainly of their own making.

[fhmktg] 06/1/2022 09:24

Mrs J might be showing hubby photos of the new Hornsea 2 array coming on stream?Let's see what the O&G authority do with projected Southern NS Drilling this year.Shell have a couple of drills planned- one with DEC to extend existing fields.If that doesn't go ahead, we're sunk!

[geckotheglorious] 06/1/2022 09:18

What is the Govts plan to replace this?
There isn't one.
They're quite happy, along with their co-conspirators on the Opposition benches, to see us all freeze!

You rely on the Govt/the State at your peril.

[xxxxxy] 06/1/2022 07:51

John Redwood@johnredwoodThe UK has just closed a nuclear power station and intends to close all but one of the remaining this decade. So what is the government plan to replace this? It looks as if the only plan is importing more, reducing national prosperity and security.

[shstt1] 05/1/2022 23:41

Don’t give up your day job Porshey boy, every stock you have tipped on here has been plummeting since. Christ no bloody wonder you are so angry.

And he voted to remain you know, heehee - doesn’t even live here

[waldron] 05/1/2022 16:26

Event

Date: Thursday, 03 February 2022

Q4 2021 Results

[p@] 05/1/2022 16:25

adg Try RDSB

[the white house] 05/1/2022 11:24

For potential catastrophic failure read it has temporarily stopped working and it sounds like had a jolly good run to add to last 6 months profits Anyway with the new Q starting at 80 every day at this level is a day to add

[ariane] 04/1/2022 20:38

THE FIRST OIL PRICE AND SUPPLY SHOCK before the so called first oil crisis that began in October 1973

FRANCE AND UK WORKING TOGETHER



On 26 July 1956, Nasser nationalised the Suez Canal Company, which prior to that was owned primarily by British and French shareholders.

On 29 October, Israel invaded the Egyptian Sinai. Britain and France issued a joint ultimatum to cease fire, which was ignored.


On 5 November, Britain and France landed paratroopers along the Suez Canal.

Before the Egyptian forces were defeated, they had blocked the canal to all shipping by sinking 40 ships in the canal. It later became clear that Israel, France and Britain had conspired to plan out the invasion.

The three allies had attained a number of their military objectives, but the canal was useless.

Heavy political pressure from the United States and the USSR led to a withdrawal.

U.S. president Dwight D. Eisenhower had strongly warned Britain not to invade; he threatened serious damage to the British financial system by selling the US government's pound sterling bonds.




Historians conclude the crisis "signified the end of Great Britain's role as one of the world's major powers".