Shell Share Discussion Threads

[essentialinvestor] 21/2/2020 15:21

It would be interesting to compare the Nat Gas price also?.

[fjgooner] 21/2/2020 15:18

According to my notes, the last time RDSB was at these levels (£18.90) on 14/09/2016, Brent was at $46.25.

So with Brent currently at $58, the recent price action looks way overdone and out of alignment.

I added last week at £19.48 and have done again today at £18.82.

Both will seem like huge bargains when this irrational reaction corrects itself. Many thanks to this mad market for such nice presents.

I'm off to enjoy the harbour - have a great weekend all (except the yapping muppet).

[fjgooner] 21/2/2020 15:18

@waldron

Re your post 9901.

From your post, I see the filtered muppethedge is still posting false news.

The buybacks have come from free cash flow, not "borrowed money". As stated in each of the quarterly result notices.

It's one thing noting the pressure on this share price - that's okay, normal, part of the cycle.

But it is annoying to read such repeatedly regurgitated fake news.

[montyhedge] 21/2/2020 14:49

Yes gas price below cost price.I prefer BP over Shell.

[spud] 21/2/2020 14:47

Interesting to see the disconnect between RDSB and BP (chart above) following the last set of results. Is it all down to LNG or is BP just being 'better' managed..?

spud

[montyhedge] 21/2/2020 14:46

Buybacks slowing down a capitulation in shareprice, so its like Chinese water torture, drip, drip down.If Coronavirus carries on for 6 months. I feel 2016 low. But hey what do I know.

[p0pper] 21/2/2020 13:43

supermarky, that's a hell of a long way to go yet then?

[essentialinvestor] 21/2/2020 13:35

Mark - Jessie Livermore - trade in the direction of the primary trend.

[supermarky] 21/2/2020 13:33

swim with the tide and the direction for rdsb is clear to see for now. charts look ominous and I am keeping an eye to buy another tranche at the next big support.

[montyhedge] 21/2/2020 13:19

You said that at 2375p.

[fjgooner] 21/2/2020 12:48

For daily situation reports, from the horse's mouth with no spin applied:

[xxxxxy] 21/2/2020 12:44

Coronavirus considerations. And it is a big factor.htTps://www.google.com/amp/s/www.nytimes.com/2020/02/21/world/asia/china-coronavirus.amp.html

[wad collector] 21/2/2020 12:39

Somefing intellectual Monty.

Can't resist , time to add some more. Sure may have further to fall , but I am looking a few yrs ahead. But not as far as the collapse of fossil fuels.

[montyhedge] 21/2/2020 12:31

What's RWS ?

[poikka] 21/2/2020 12:17

This won't have helped the OP and share price today, along with lower forward pricing.

"Human life "as we know it" could be threatened by climate change, economists at JP Morgan have warned.

In a hard-hitting report to clients, the economists said that without action being taken there could be "catastrophic outcomes".

The bank said the research came from a team that was "wholly independent from the company as a whole".

Climate campaigners have previously criticised JP Morgan for its investments in fossil fuels."

[montyhedge] 21/2/2020 12:09

Basically they been buying shares back from 2575p what a waste of money with borrowed money.They should have paid a special dividend, then let shareholders decide what to do with the extra cash, buy shares if they want to, or investors use the money for something else.

[waldron] 21/2/2020 12:07

EssentialInvestor
21 Feb '20 - 12:00 - 9900 of 9901
0 1 0


understand your concern

some not shaking hands and giving cheek kisses here in france recently
especially in hospitals so i have been informed

[spud] 21/2/2020 12:05

Another RDSB day proceeding as per normal with another billion wiped off the value.

At some point it's just got to get on the bid radar somewhere.

spud

[waldron] 21/2/2020 12:04

montyhedge
21 Feb '20 - 11:56 - 9899 of 9900
0 0 0
I think 2016 low if it’s carries on for six months, not even buybacks with really borrowed money won’t save them.





you do realise that buybacks are short term supports and mainly for the RDSA share price

so your repetitive comments do not add anything of value to the equation

[essentialinvestor] 21/2/2020 12:00

Waldron, it might be the South Korea spread that is weighing today.

With asthma and my better half working in healthcare,
very last outcome I want is it taking hold elsewhere.

Paid for another pnumomia vaccine at Boots two weeks ago as a precaution.

[montyhedge] 21/2/2020 11:56

I think 2016 low if it's carries on for six months, not even buybacks with really borrowed money won't save them.

[waldron] 21/2/2020 11:54

21 February 2020
News
Shell orders Deep Down equipment for Whale field development in US GoM
Share

US-based subsea oil and gas equipment supplier Deep Down has secured an equipment order from Shell Offshore for a work-related to Whale field development in the US Gulf of Mexico (GoM).

Shell owns and operates a 60% interest in the Whale floating production unit (FPU). Chevron USA co-owns the remaining 40%.

The FPU will operate in the GoM’s Alaminos Canyon Block 773 located near the Shell-operated Silvertip field. It lies approximately ten miles from the Perdido platform operated by Shell.

Deep Down will design, engineer and manufacture a riser isolation valve (RIV) control system and other subsea production equipment.

According to Deep Down, it will install the RIV control system will on the FPU to allow the shutdown of production fluids.

Shell expects to make the Whale project’s positive final investment decision (FID) later this year.

Deep Down president and CEO Charles Njuguna said: “We are pleased that Shell has once again turned to Deep Down to deliver reliable equipment and services for one of their largest exploration finds in the Gulf of Mexico in recent memory.”


The company produces complex deepwater and ultra-deepwater oil and gas production distribution system technologies. It also provides support services.

In November, Shell Offshore awarded a contract to Sembcorp Marine for the construction and integration of the topside and hull of an FPU for the Whale field.

In January 2018, Shell announced one of its largest GoM discoveries from the Whale deepwater well. This discovery lies approximately 322km southwest of Houston in about 8,000ft water.

[waldron] 21/2/2020 11:54

TEND TO AGREE EI

Just that not that many boast that the guess happened to be right

[essentialinvestor] 21/2/2020 11:52

We are all guessestimating.

If people are honest, how many can say they saw Shell under £19 six months ago?,
very few I reckon!.

So could it trade under £18?, Yes it's possible.
However it get to those levels there might need to be a further
worsening of the coronovirus spread outside China IMV.
A global pandemic rather than sparodic cases.


As MACRO has been mentioned, just be mindful on the short side that a bid might emerge.
I don't hold and it looks very early days in any potential recovery imv.