Shell Share Discussion Threads

[geckotheglorious] 10/1/2022 10:46

WatfordHornet

I also recall that is was Labour in power from 1997 tpo 2010 when no thought was put into UK Energy policy at all - despite opening the floodgates to millions of Immigrants.

Presumably Labour politicians didnt excpect any of these new millions to consume power!!

No nuclear energy policy since 1980s
No Fraccing when it was abundantly clear the resource we had was viable.
No thought about independent energy provision.

Politicians collectively are to blame and they are the first people that we should be taxing(politicians both past & present - Blair worth £150million plus) for their incompetence and lack of forward planning that now sees us over reliant on Russian gas and exposed to eyewateringly high energy prices.

Shall we say a 95% wealth tax on Politicans worth more than £1million?

[xxxxxy] 09/1/2022 14:16

Green tax burden set to increase more than 40 per cent over Boris Johnson's premiershipFigures come as Mr Johnson faces calls to reduce household energy costs which could see bills double to £2,000 from April.. Daily TelegraphSomething is going to give.

[watfordhornet] 09/1/2022 13:58

Did the oil companies get money back from the government when oil prices fell at beginning of Covid.Labour and Libs are so dim and obvious. We need these companies to make profits to invest in green technology

[spud] 09/1/2022 13:47

Labour & Libs? Quelle Surprise (not). spud

[adrian j boris] 09/1/2022 13:44

inews


Calls for ‘Robin Hood’ tax on oil and gas producers to help consumers pay energy bills

By Ruchira Sharma

January 9, 2022 12:43 pm(Updated 1:10 pm)

Labour and the Lib Dems have both called for a windfall tax on oil and gas producers to curtail rising energy prices over the next year.

Both parties slammed the Government for failing to act on energy costs and called for a one-off levy to protect vulnerable families.

Energy prices are expected to soar when the legal cap on prices rises in April.

Wholesale gas prices climbed throughout 2021, with the cap increase set to pass some of the pain to consumers and worsen a cost of living crisis.


Bills could rise from £1,277 a year for an average household under the current price cap to £1,865 a year, an increase of 50 per cent, according to estimates.

The Prime Minister is coming under mounting pressure from his own backbenchers to provide support to consumers set to be stung by the price cap rise, with experts predicting that prices could keep rising until at least 2023.


The Liberal Democrats said a windfall tax on oil and gas producers who have profited from the price increases would generate enough money to give over seven million households £300 off their heating bills this year – an estimated £5 billion to £7 billion.

“Cabinet ministers are turning a blind eye to families in their own backyard struggling with soaring heating bills,” Liberal Democrat leader Ed Davey said.

“We need an urgent package of support now to help people cope with the cost of living crisis. That should include Liberal Democrat calls for a Robin Hood tax on oil and gas firms seeing record profits, raising enough cash to give over seven million households £300 off their heating bills this year.”

Meanwhile, Labour outlined proposals to save households around £200 or more through its windfall tax, calling for the squeezed middle, pensioners and the lowest earners to get additional support – up to £600 off bills.

“There is a global gas price crisis, but 10 years of the Conservatives’ failed energy policy, and dither and delay has created a price crisis that’s being felt by everyone,” said Rachel Reeves MP, Labour’s Shadow Chancellor of the Exchequer.

“We want to stop bills going up.

“Labour’s plan to keep energy bills lower in future would see us accelerate home-grown renewables and new nuclear, retrofit 19 million homes to save households an average of £400 a year on their bills, and reform our broken energy system to stop energy companies playing fast and loose with the rules.”

The Institute for Public Policy Research (IPPR) has welcomed plans for a windfall tax on North Sea oil and gas, saying that it is right that those profiting from the crisis contribute to supporting those hardest hit.

Luke Murphy of the IPPR said: “In the longer-term, the only way to address this crisis is not to increase domestic gas production as some have suggested, but to reduce our reliance on volatile fossil fuels by ramping up renewables and an ambitious plan to insulate homes across the country.

“The Government must now deliver a plan that can ease the immediate cost of living crisis this year and address the longer-term challenge of delivering an energy supply that is affordable, secure and net zero.”

Government modelling suggests inflation could increase to around seven per cent if the energy price cap shoots up in April as expected, according to reports.

The energy regulator Ofgem will set the price cap for domestic customers in February, before the changes kick in in April.

Charities, including the fuel poverty charity National Energy Action, have warned that the steep rise in costs will see “an avalanche” of people falling into debt or rationing heating.

[suetballs] 09/1/2022 12:19

adg - well done on cne too - looks like we'll soon be in the money.
Suet

[adg] 09/1/2022 11:59

Happy to put anything to them 👍

It’s amazing what a letter/note to a company can do - I wrote to Cairn Energy (now Capricorn) on Wednesday asking them why I am getting so many updates on the India situation from various news outlets but zero from them - Thursday morning there was an RNS update at 7am and a reply from IR, I then thanked them and asked when the Indian payment is expected and surprisingly they replied with “ We expect settlement in full this month.”

[xxxxxy] 09/1/2022 11:54

Nuclear.Some sort of link to RR?

[xxxxxy] 09/1/2022 11:52

681Like that too.Pertinent

[xxxxxy] 09/1/2022 11:52

679Like that

[p@] 09/1/2022 11:31

adg- could you ask if they are considering nuclear ,thanks.

[skinny] 09/1/2022 11:07

The response is surprising!

Well done!

[adg] 09/1/2022 11:05

I sent a direct email to Ben after last weeks update, mainly about their glass half empty reporting and buyback mindset - surprisingly I got a reply from one of his team - will talk to them next week. Will update the board on any discussion.

Response from shell;

~~~~~~~~~~~~~~~~~~~~

Thank you for your frank email to our CEO and for being a Shell shareholder. We have with our Powering Progress strategy carefully outlined how we will be successful in the ongoing energy transition. This will continue over the coming decades and we are currently implementing our strategy with pace. The Permian asset was a core asset in Upstream and the divestment was a commercial based decision optimising the value of the asset. It was not linked to the energy transition, but an opportunistic value driven decision. It was also well received in the market.

Our capital framework carefully balance shareholder distribution, debt and capital investments. We have as part of that a progressive dividend policy where we increase our dividend per share by 4% per year, subject to Board approval. Share buybacks – especially when the share price is relatively low – allow us to manage the absolute dividend outflow and hence make the progressive dividend policy sustainable. The Permian divestment reduces the cash inflow of the Company on an ongoing basis, so it is rationale to use the proceed on share buybacks and hereby reduce the absolute dividend burden.

I am happy to discuss your ideas on communication in a call. It is probably more fruitful than a dialogue via emails.

[xxxxxy] 09/1/2022 09:34

John Redwood@johnredwoodWe are short of gas and it is too dear. We need to produce more of it. Extra taxes on our producers would make the problem worse, cutting investment and future output.8:04 am · 9 Jan 2022·Twitter Web App

[waldron] 08/1/2022 14:08

Date: Thursday, 03 February 2022

Event title: Q4 2021 Results

[adrian j boris] 08/1/2022 12:12

Royal Dutch Shell (UK) - Simplification of Share Structure

Informative Notice

07 January 2022

FTSE Russell notes the announcement of the timetable by Royal Dutch Shell in relation to the simplification of its share structure, whereby each share of Royal Dutch Shell A (UK, B03MLX2, FTSE 100 Index, GEIS Large Cap) and Royal Dutch Shell B (UK, B03MM40, FTSE 100 Index, GEIS Large Cap) will be assimilated into a single line of Shell Plc (UK, BP6MXD8). Shell Plc will be incorporated and tax resident in the UK.

Based on the current expected timetable, FTSE Russell anticipates the following treatment:

Friday 28 January 2022:

The last day of trading of the A and B shares.

Monday 31 January 2022 (from market open):

The simplified Shell Plc line will commence trading with the current A line being retained within its existing FTSE Russell indices, with its shares being updated to incorporate the simplification terms. This will be implemented with updates to the A line's name, codes, tax treatment, shares in issue, and its investability weight.

The B line security will be removed from all FTSE Russell indices.

The index changes will be implemented using market prices (i.e. using the close prices from Friday 28 January 2022). FTSE Russell will release further index notices in due course.

Please note: Following the effective date, there will be no withholding tax levied on dividends distributed by the UK tax resident company, this will result in no difference applied within the FTSE Total Return Indices and FTSE Total Return Declared Dividend Indices, please refer to the 17 November 2021 notice for further detail.

[adrian j boris] 08/1/2022 12:10

6-Jan-22 Barclays Overweight target 3,000p

[adrian j boris] 08/1/2022 12:04

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.

[adrian j boris] 08/1/2022 12:02

FWIW

Stoxline

Targets Six months: 2090.49 One year: 2441.69

Supports Support1: 1633.08 Support2: 1536.20

Resistances Resistance1: 1789.80 Resistance2: 2090.49

[xxxxxy] 08/1/2022 11:25

Yes. Still thinking 30pounds share price.Inflation is big factor.

[heialex1] 08/1/2022 08:10

It's been a long time coming, but this year will be the year of oil and commodity outperformance Listen to Jeff Currie who has been calling this for more than a yearhttps://youtu.be/0Zc7_-rJ-mU

[spud] 07/1/2022 16:06

Tax success and reward failure. Was it ever thus with successive Uk governments. spud