Shell Share Discussion Threads

[montyhedge] 07/3/2020 12:36

Keep up the good posts you contribute unlike some who contribute nothing and just have a dig at other posters. Turvart another one bites the dust.

[montyhedge] 07/3/2020 12:18

This is fill yer boots time on Shell, you can see what OPEC are doing, US Shale debt due this summer, Before they just pumped more to pay interest, not with WTI at this price, must be below cost.4th quarter I reckon Brent back to $60.

[waldron] 07/3/2020 08:25

Shell to explore sale of two U.S. refineries
Mar. 6, 2020 6:30 PM ET|About: Royal Dutch Shell plc (RDS.A)|By: Carl Surran, SA News Editor

Royal Dutch Shell (RDS.A, RDS.B) says it will seek to sell two U.S. refineries, in Alabama and Washington state, the latest step in the drive by European oil majors to reduce their refining footprints.

The Mobile, Ala., facility has a crude capacity of 79K bbl/day and is oriented toward chemicals.

A sale of the Puget Sound refinery in Anacortes, Wash., with a 145K bbl/day processing capacity, would limit Shell's U.S. refining presence to the Gulf Coast, where its two main facilities are the Convent and Norco refineries in Louisiana.

The U.S. has been part of a wider selloff of downstream assets by Shell, which exited the Motiva Enterprises joint venture at Port Arthur, Tex., in 2017, and last month completed the sale of its Martinez, Calif., refinery.

[fjgooner] 07/3/2020 00:05

U.S. shale companies will rapidly start to die off over the spring and summer.

----

"If OPEC doesn't get any agreements for production cuts [before March 31], we're looking at a trading range of $35/b-$45/b," James Williams, president of WTRG Economics, said.

"Certainly by midyear US oil production then starts to decline again, just like we saw after the 2016 price collapse," he said.

Under a worst-case price scenario of $35/b, US crude production would drop up to 2.4 million b/d in 2020 on the year, resulting in the first yearly oil output decrease since 2016, according to S&P Global Platts Analytics.

[essentialinvestor] 07/3/2020 00:03

WTI was over 10% lower at one point, I can't ever remember a daily % move
that large.

[dandu69] 06/3/2020 21:33

Hoping for 14 pounds next week to add given oil is down 10 percent at the moment this may happen

[supermarky] 06/3/2020 21:21

patiently waiting for further drops here to Hoover them up and hold until silly season is over. killing to be made here with patience and calm mid to long term strategy.

[waldron] 06/3/2020 19:04

Energy stocks sink to 11-year low as Russia refuses OPEC oil plan
Mar. 6, 2020 12:25 PM ET|About: Energy Select Sector SPDR ETF (XLE)|By: Carl Surran, SA News Editor

Energy sector stocks (XLE -5.6%) plunge after Russia shot down OPEC's plan to cut production by an additional 1.5M bbl/day in the wake of the coronavirus.

Crude oil futures crash as much as 9%, with April WTI recently -8.4% to $42.04/bbl after hitting its lowest level since August 2016 and May Brent -8.3% to $45.82/bbl for its weakest since at least June 2017.

"Russia's refusal to support emergency supply cuts would effectively and fatally undermine OPEC+'s ability to play the role of oil price stabilizing swing producer," says Rapidan Energy's Bob McNally. "It will gravely rupture the budding Russian-Saudi financial and political rapprochement. The result will be higher oil price volatility and geopolitical volatility."

Existing production cuts will remain in place until the end of March as planned, but it is not known if they will extend beyond this month.

The five biggest losers on the S&P 500 are all oil and has names: FANG -13.2%, DVN -12.9%, HP -12.7%, OXY -12.3%, NOV -11.4%.

Among the Big Oil names: XOM -4.4%, CVX -3.1%, BP -4.5%, RDS.A -3.8%.

Midcap names are punished: OAS -25.7%, SM -23.3%, CPE -19.7%, CLR -12.4%, EOG -10.2%.

ETFs: XLE, XOP, VDE, OIH, BGR, ERX, GUSH, GASL, XES, DRIP, FCG, FENY, ERY, FIF, DIG, NDP, IYE, DUG, GASX, IEO, IEZ, CRAK, PSCE, RYE, PXE, PXI, PXJ, FXN, DDG

[cassini] 06/3/2020 19:00

Historical yield at close is 8.9%.

[11_percent] 06/3/2020 18:27

Ok, there is no OPEC deal......but oil steady.

[dandu69] 06/3/2020 18:07

Price of oil going through the floor this afternoon......down 8% at the moment.

[waldron] 06/3/2020 17:28

Brent Crude Oil NYMEX 46.32 -7.34%
Gasoline NYMEX 1.42 -6.99%
Natural Gas NYMEX 1.76 -2.70%
WTI 42.385 USD -8.28%


FTSE 100
6,462.55 -3.62%
Dow Jones
25,569.81 -2.11%
CAC 40
5,139.11 -4.14%
SBF 120
4,070.41 -4.11%
Euro STOXX 50
3,232.07 -4.06%
DAX
11,541.87 -3.37%
Ftse Mib
20,809.16 -3.46%


Eni
10.234 -6.69%


Total
37.15 -4.87%

Engie
14.945 -4.99%


Bp
395.2 -5.16%

Vodafone
136.62 -3.01%

Royal Dutch Shell A
1,599.2 -5.37%

Royal Dutch Shell B
1,595.6 -5.85%

[tornado12] 06/3/2020 17:04

Going in again next week at this price. I’m doing as most with buying on way down with this yield and upside will return as in the past it can reduce my average price down a tad GLA , keep optimistic in Shell

[gswredland] 06/3/2020 16:30

Wow I never thought prices would get here .
Holding off buy button at present but 1400 would be amazing!
In the last seven years it looks like the low was around 1250

[cassini] 06/3/2020 16:21

Oof!
Glad I decided to go into oil in tranches. Still got two shots left at this share. No one can call the bottom so spreading the buys is the only real tool I have but I guess looking at the 2016 lows £14.00 isn't out of the question.

Looks weaker than BP.

Historical yield (and hopefully forward) is currently 8.8%.

[waldron] 06/3/2020 16:20

Trump’s visit to CDC in Atlanta is back on, hours after it was canceled due to coronavirus worry
Published Fri, Mar 6 20207:55 AM ESTUpdated 14 min ago
Lauren Hirsch
@laurenshirsch
Mike Calia
Key Points

President Trump’s trip to the Centers for Disease Control headquarters in Atlanta is back on.
The White House said late Friday morning that the president would indeed make the trip, hours after an administration official said the visit was canceled.
Vice President Mike Pence, who is leading the government’s response to coronavirus, had said Thursday that Trump planned to sign the $8.3 billion emergency spending bill at the CDC.

[11_percent] 06/3/2020 16:14

CNBC saying OPEC no deal.

But oil not reacting.

[montyhedge] 06/3/2020 16:14

Don't get Coronavirus drinking that, lol.

[waldron] 06/3/2020 16:09

cheers

viva mexico

[supermarky] 06/3/2020 16:08

TP in foreseeable anyone?