Shell Share Discussion Threads

[maywillow] 24/2/2020 11:49

Dow futures drop 750 points as coronavirus cases outside China surge
Published Sun, Feb 23 20207:06 PM ESTUpdated Moments Ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[xxxxxy] 24/2/2020 11:01

The electric transport revolution isn't as 'green' as you thinkThe shift to electric vehicles is inevitable, but electric waste poses a significant question over their green credentialsByOlivia Rudgard, US TECHNOLOGY REPORTER, SAN FRANCISCO24 February 2020 • 5:00amhtTps://www.telegraph.co.uk/technology/2020/02/24/electric-transport-revolution-isnt-green-think/

[jw30] 24/2/2020 10:58

Hmmm....still early days....just wait till the panic hits the UK and the US.

[florenceorbis] 24/2/2020 09:19

Dow set to drop more than 600 points at the open as coronavirus cases outside China surge
Published Sun, Feb 23 20207:06 PM ESTUpdated 18 min ago
Eustance Huang
@EustanceHuang

[florenceorbis] 24/2/2020 09:11

Final thoughts

In contrast to most of its peers, Shell has failed to grow its production in the last two years. The oil major has also failed to replenish its oil and gas reserves in the last six years and hence it now has the shortest lifetime of reserves in its peer group. On the bright side, thanks to the indiscriminate sell-off of the entire energy sector, which has resulted from the coronavirus, Shell is currently offering a nearly 4-year-high dividend yield of 7.4%. As the oil major enjoys ample free cash flows, the dividend can be considered safe for the foreseeable future. Therefore, those who purchase the stock at its current price are likely to be highly rewarded, particularly if the oil giant improves its upstream performance in the upcoming years.

[crossing_the_rubicon] 24/2/2020 09:05

"We need vaccine and need to come out of winter to stabilise the situation"

No vaccine for 12-18months.

Coming out of winter not the panacea people claiming either.

[tornado12] 24/2/2020 08:58

The situation in Italy very concerning as they have the oldest demography in EU. If there is a lot of deaths and it gets into the bigger cities then the pendemic will be across all FTSE. We need vaccine and need to come out of winter to stabilise the situation. I have been making regular small investments in shell all the way down and will continue. This issue is not created by Shells strategy but forces outside its control as per large part of FTSE. Just don’t cut the dividend!

[montyhedge] 24/2/2020 08:50

That could be under threat in my view, 4th quarter cash flow did not really cover dividend payment. They are effectively borrowing money to purchase these buybacks.

[return_of_the_apeman] 24/2/2020 08:39

Yielding over 8% now :-)

[craftyale] 24/2/2020 08:25

I'm watching and waiting. This years and, if the timing is right, next years ISA allowance going on RDSB. Coronavirus in Italy.....being married to an Italian......I know this will get interesting.

[supermarky] 24/2/2020 08:10

nearly at your target

[montyhedge] 24/2/2020 07:58

You know my short term target 1775p.But if this Coronavirus goes on and spread, then I see 2016 low around 1525p. Chinese saying Force Majeure on LNG contracts, trying to get out of contracts. That's not good.https://www.newsbreak.com/news/0O4eXWkt/shell-total-reject-chinas-force-majeure-on-lng-shipments

[waldron] 24/2/2020 07:30

European stocks set to open sharply lower on fears coronavirus is spreading in Italy
Published Mon, Feb 24 202012:50 AM ESTUpdated an hour ago
Holly Ellyatt
@HollyEllyatt



Key Points

European stocks are poised to open sharply lower Monday as investors focus on the continuing spread of the coronavirus and watch as Italy grapples with the largest coronavirus outbreak outside of Asia.
London’s FTSE index is expected to open 92 points lower at 7,304, the German DAX 257 points lower at 13,309 and the French CAC 107 points lower at 5,917, according to IG. Italy’s FTSE MIB index was set to open 904 points lower at 23,835.

[hellscream] 24/2/2020 04:13

i think monty is gonna be right... this will be 100p down today.

[xxxxxy] 23/2/2020 21:05

The world is fast approaching a "tipping point" in the spread of the coronavirus, according to experts, who warn that the disease is outpacing efforts to contain it, after major outbreaks forced Italy and Iran to introduce stringent internal travel restrictions and South Korea's president placed the country on red alert.Some of the countries most affected by the virus are scrambling to halt its progress two days after Tedros Adhanom Ghebreyesus, director general of the World Health Organization (WHO), said the international community needed to act quickly before the narrowing "window of opportunity" closed completely.Full article httTps://www.google.com/amp/s/amp.theguardian.com/world/2020/feb/23/world-is-approaching-coronavirus-tipping-point-experts-say....Bound to affect morning market and for some time.

[lippy4] 23/2/2020 20:17

the trouble is the switch over to possible new ways of energy are being ostratrisised as gas is the less way of creating less carbon in the atmosphere..

i always thought this is the crossover to a new future from oil...

[maywillow] 23/2/2020 19:34

Government’s amendment to oil agreements, price review prompt industry to rise again: Shell

Shell Egypt’s total natural gas production level is 350m cubic feet per day, says Moataz Darwish
Mohamed Adel 2 hours ago Comments Off on Government’s amendment to oil agreements, price review prompt industry to rise again: Shell

As international oil companies change their business plans to keep pace with recent mega gas discoveries in Egypt, and the government formed a fuel automatic pricing committee to set fuel prices according to global prices, besides amending existing exploration agreements, Daily News Egypt interviewed Deputy Country Chair for Shell Egypt Moataz Darwish. Royal Dutch Shell is one of the companies that have developed their investment plans and switched its focus to gas exploration in deep-water areas.

Plunging gas prices are forcing Egypt to change its gas-selling strategy, how does Shell see this move?

The recent amendment and update of oil agreements by the Ministry of Petroleum led the sector to revitalise strongly, and prompt foreign partners to achieve many oil and gas discoveries, as the Egyptian market became more attractive.

Foreign companies’ increasing interest to invest in the Egyptian oil sector was a result of amending oil agreements in terms of required investment volume and project development costs. The Egyptian government’s periodic review of gas prices also contributed to encouraging foreign partners to implement development programmes and increase production rates.

What is Shell Egypt’s total natural gas production level?

Shell’s current gas production level is estimated at about 350m cubic feet per day. The Burullus deep-water field in the Mediterranean is the company’s largest gas field. An exploratory well is currently being drilled in the Burullus concession region, and we seek to drill a second well after completing the first.

What is the production level from Badr El Din fields?

The production of Badr El Din fields, which are located in the Egyptian Western Desert, reached around 120,000 barrel of oil equivalent per day.

When would Shell start exploration in the concessions it was awarded recently?

Shell Egypt intends to start the seismic survey and drilling exploration wells in the concessions that it recently won in the next fiscal year.

Last year, Shell Egypt was awarded exploration rights to five concession areas in two auctions, of which three are for searching for oil: West Fayoum, Southeast Horus, and South Abu Sinan, and the other two are for natural gas: North Sidi Gaber and North El Fanar offshore areas.

How is your operation contract of Idku liquefaction plant going amid low global gas prices?

We have a company that specialises in contracting and exporting gas to global markets. It has a large portfolio of gas supply contracts because Shell is the largest company in the world in terms of LNG exports.

Idku Liquefaction Plant, currently operated by Shell, was launched in 2005 in partnership between the Egyptian General Petroleum Corporation (12%), the Egyptian Natural Gas Holding Company (12%), British Gas (35.5%) -which was acquired by Shell- Malaysia’s Petronas (35.5%), and ENGIE (5%).

How do you see the recent amendments to the law regulating the gas market in Egypt that allow foreign partners to sell gas directly to the private sector?

This mechanism is followed in many countries around the world and we are waiting impatiently for its implementation because it is the best solution to liberalising the market.

[The law regulating the Egyptian gas market includes an article that allows a foreign partner to obtain a license to sell its share of local gas fields to the private sector at prices set by the Gas Regulatory Authority, as part of the government’s plan to liberalise the energy market locally.]

When will you start developing your recently acquired concession in the Red Sea?

Shell Egypt has been awarded two concessions in the Red Sea bid round, which was launched in March 2019. The first concession is located in Block 4 which was awarded to Shell in partnership with Mubadala (30%), while the second concession is located in Block 3 with Shell being the sole licence holder.

We are awaiting the Egyptian parliament’s approval, and then we can start the seismic survey and drilling the first exploratory well to know the size of reserves.

What are the updates of the Aphrodite gas field off the southern coast of Cyprus, of which Shell has a share?

No plan has been put in place to develop the Aphrodite discovery in the deep waters of the Mediterranean so far, as there is no way to link production at present.

US Noble Energy is the main operator of the field, while Shell is one the partners.

What does Shell see the future of the Egyptian oil market in light of the decline in gas prices globally?

Shell has a strategy based on global market studies until 2050, which expects an increase in market demand rates, which requires more discoveries. The existing gas discoveries will not cover global demand in light of urban and economic expansion worldwide

[xxxxxy] 23/2/2020 16:16

Andy Bush23 Feb 2020 1:14PMElectric cars are not environmentally friendly and are hugely hazardous. Windmills do not make enough electricity to make another windmill. Solar panels mean that if you want to buy say a refrigerator, you also have to buy the solar panels, an invertor and a battery. Batteries need replacing every three to five years. If you are poor in Africa it means you will never have a refrigerator. The only thing renewable about 'renewables' is you have to keep renewing them at great expense.CO2 works the same as water vapor stabilizing the air temperature, there is no function that a so called 'green house gas' can perform to increase the amount of heat the earth receives, it just impacts the way the heat is returned to space.Look at how many factors affect a climate - for example why is the UK so much warmer in the winter and cooler in the summer than other places on the same latitude? Then start digging into the factors affecting climate, then ask what is really going on with the climate and the claims.Finally look at the melting of the North America and European glaciers and climate change over the last 18,000 years and ask yourself why it happened.

[montyhedge] 23/2/2020 13:20

Next quarterly update I think will be very disappointing.

[supermarky] 23/2/2020 10:53

BBC News - Coronavirus: Italy imposes strict lockdown in outbreak hotspotshttps://www.bbc.co.uk/news/world-europe-51602007

[supermarky] 23/2/2020 10:51

BBC News - Coronavirus: Italy imposes strict lockdown in outbreak hotspotshttps://www.bbc.co.uk/news/world-europe-51602007

[tornado12] 23/2/2020 10:47

I have to agree the cronovirus is a big risk in 2020. Reading that car sales in China dropped 92% in first weeks feb is massive. This will take a massive bite out of all multinationals including shell. But I’m not panicking to the hills, will keep buying on the way down and receiving the 1,42£ per share divi for next years , if that’s what it is. I’m a long termer and playing in share dealing roulette is not my skill. Just give me the 10 yr compounded divis and that will set me up for life after work !

[crossing_the_rubicon] 23/2/2020 10:38

"ECB's Lane expects quick economic recovery from virus"

Lane is Deluded. The damage done too Supply Chains already is immense. And set to worsen I fear.

[misca2] 23/2/2020 10:17

ECB's Lane expects quick economic recovery from virus

Track record: Philip Lane was previously the Central Bank of Ireland governor

Piotr Skolimowski, Michael McKee and Carolynn Look

February 22 2020 02:30 AM

European Central Bank chief economist Philip Lane says he expects the euro-area economy to bounce back from the coronavirus outbreak, playing down concerns that the region could slip into a downturn that requires another interest rate cut.

Speaking in an interview with Bloomberg TV in New York, Prof Lane acknowledged that the full impact of the disease remains unknown, and that it "definitely" remains a downside risk until it is contained.

At the same time, he pointed to robust domestic demand and rising wages as evidence of the region's resilience.

"The base case is a V-shape economic impact," he said. "Even if there is a hit in terms of the initial weeks of 2020, if the recovery happens as we expect in the medium term, then it remains something that's not going to change our base case."

The economy was only just starting to stabilise toward the end of 2019, after more than a year of a manufacturing recession, and the outbreak has raised fears of another potential downturn.

Policymakers had cautioned against signalling too much optimism at their meeting in January, and the European Commission has called the coronavirus a "key downside risk" to its already subdued growth forecasts.

Yet fresh data on Friday showed private sector economic activity growing at the fastest pace in six months, with services proving resilient. Prof Lane said the figures were "broadly in line with what we expected".

The ECB is three weeks away from publishing its own quarterly economic projections and Prof Lane said that the coronavirus was proving to be a "big headache" with regards to that process.



But as long as the impact is concentrated in "the first weeks and months of 2020, this doesn't particularly have implications for the key medium-term element of our forecast", he said.

Bloomberg

Irish Independent