Shell Share Discussion Threads

[supermarky] 09/3/2020 08:21

Buy backs would be gobbling up very cheap shares at an excellent price. Surely the buy backs would be a good thing.

[essentialinvestor] 09/3/2020 08:20

I'm in, small.

[poikka] 09/3/2020 08:19

"BP worse" - must be chuffed with their shale purchase, lol.

But it's an ill wind; they may be able to pick up more shale assets on the cheap if this continues for long enough.

[stevenrevell] 09/3/2020 08:17

Call this one monty

[supermarky] 09/3/2020 08:09

just bought a few

[ftl] 09/3/2020 08:07

Opening 20% down ... ouch!

[montyhedge] 09/3/2020 08:05

Delayed opening never a good sign, mm frighten what to call them.

[yellow122] 09/3/2020 08:05

Has the LSE crashed?

[ilostthelot] 09/3/2020 07:58

Sub 14 today?

[jw30] 09/3/2020 07:46

Saudis won’t survive this oil price for long.

[florenceorbis] 09/3/2020 07:44

DIVI DATES




Closing of currency election date (see Note below) February 28, 2020

Pounds sterling and euro equivalents announcement date March 9, 2020

Payment date March 23, 2020

[montyhedge] 09/3/2020 07:43

OPEC always wanted to finish US Shale companies. Then oil price will rise with less producers later in the year.

[waldron] 09/3/2020 07:35

Oil prices plunge more than 26% after OPEC deal failure sparks price war
Published Sun, Mar 8 20206:03 PM EDTUpdated an hour ago
Pippa Stevens
@PippaStevens13
Eustance Huang
@EustanceHuang
GP: Oil rig 180102
Oil pumpjacks in silhouette at sunset.

Oil prices plunged after OPEC’s failure to strike a deal with its allies regarding production cuts caused Saudi Arabia to slash its prices as it reportedly gets set to ramp up production, leading to fears of an all-out price war.

U.S. West Texas Intermediate crude dropped 27.62% to $29.88 per barrel as of 06:33 GMT Monday, having earlier tumbled to a low of $27.34 per barrel. International benchmark Brent crude futures also plummeted 26.4% to $33.32 per barrel. Brent futures were down more than 30% at their lows.

“This has turned into a scorched Earth approach by Saudi Arabia, in particular, to deal with the problem of chronic overproduction,̶1; Again Capital’s John Kilduff said. “The Saudis are the lowest cost producer by far. There is a reckoning ahead for all other producers, especially those companies operating in the U.S shale patch.”

[goodnight1] 09/3/2020 07:33

No point in bringing oil out the ground at these levels.
Looks like Shell £12 and BP £3.

These companies cannot service their debt at the current price of oil.

[yellow122] 09/3/2020 07:32

Well considering shell makes up approx 10% of the ftse 100 this is going to be ugly

You imagine a 20% drop isn’t off the table

[waldron] 09/3/2020 07:31

European markets set to plunge on oil price crash and coronavirus spread
Published Mon, Mar 9 20201:54 AM EDTUpdated an hour ago
Holly Ellyatt
@HollyEllyatt
Key Points

London’s FTSE index is seen opening 423 points lower at 6,046, the German DAX down 651 points at 10,900, the French CAC down 310 points at 4,834 and Italy’s FTSE MIB down 1,823 points at 18,982, according to IG.

[frazboy] 09/3/2020 07:28

I wonder what BP and Shell will open at? They do have their refining and retail ops (not sure what the profits split is) so better protected than most. 10% off? Any more off than that and the market is saying a divi cut is possible?! Anyone modelled what the gearing/debt would be at these prices for the remainder of the year???

[montyhedge] 09/3/2020 07:27

This is the capitulation I been waiting for, then recovery starts has a lot US Shale companies can't survive at this price.

[yellow122] 09/3/2020 07:26

The ftse is going to be down 10%

This is crazy

[sogoesit] 09/3/2020 07:12

Forex for dividend at $1.291/£ (36.4p payout).

[tornado12] 09/3/2020 07:11

Has been clear for some time the oil glut has created strong instability in oil price. This is another Armageddon moment where the weak fall and the strong like Shell will conquer. It’s certainly at a higher risk level than 2016 with crono causing havoc but in any case is needed. The industry is in mass over capacity with little logic in the balance between supply & demand. These events make the best in class companies stronger as they adapt quicker to the market changes. There is zero chance this company will cut dividend that I’m putting my whole stake on !!