Shell Share Discussion Threads

[waldron] 09/3/2020 17:28

Permian names pummeled amid oil price rout
Mar. 9, 2020 9:14 AM ET|About: Occidental Petroleum Corpor... (OXY)|By: Carl Surran, SA News Editor

Permian Basin producers are set to suffer in the wake of the oil price collapse, as more defaults and bankruptcies are all but certain.

Shale companies weathered the last major downturn in 2018 by getting lean and plowing forward with drilling plans, but this time they are in a more precarious financial position and cannot afford to keep adding to a glut, according to Bloomberg's Joe Carroll and others.

"This industry shot itself in the foot with dramatic shale production growth," says Pickering Energy Partners founder Dan Pickering. Drillers need "a dose of self help... It's kind of them against the world right now."

Wood Mackenzie estimates it will take at least six months for U.S. shale production to ease off even if capital spending is cut now, which means supply would remain elevated and the oil price could stay ~$35/bbl.

[gswredland] 09/3/2020 17:24

Is that a 3 million buy at 1370?

[stevenrevell] 09/3/2020 17:17

I think bottom 1150 to 1200 rdsb and BP 250 to 275 how about anyone else

[waldron] 09/3/2020 17:15

Brent Crude Oil NYMEX 35.87 -20.76%
Gasoline NYMEX 1.17 -15.95%
Natural Gas NYMEX 1.74 -0.23%
WTI 33.071 USD -20.32%


FTSE 100
5,965.77 -7.69%
Dow Jones
24,203.44 -6.42%
CAC 40
4,796.7 -6.66%
SBF 120
3,803.71 -6.55%
Euro STOXX 50
2,976.29 -8.04%
DAX
10,625.02 -7.94%
Ftse Mib
18,715.18 -10.02%


Eni
8.1 -20.85%



Total
32.035 -13.77%

Engie
14.045 -6.02%


Bp
318.2 -19.48%

Vodafone
124.24 -9.06%

Royal Dutch Shell A
1,317.8 -17.60%

Royal Dutch Shell B
1,304.8 -18.23%

[montyhedge] 09/3/2020 17:07

You won't go far wrong.

[hellscream] 09/3/2020 16:41

american majors only down halve the price to us.

[lammergeier] 09/3/2020 16:30

Shares have completed a 50% retracement driven down by the shorters.Hopefully the

next bull run will start again soon.Grossly oversold in my view and unwarranted but

that's my opinion.For income holders it must be a class act at this level.Time will

tell.

[gswredland] 09/3/2020 16:29

Thanks toggle

[togglebrush] 09/3/2020 16:21

Post performance is no guide etc
'
Not for the nervous investor but a rough guide
of the last Big dipper ride of RDSB
'
Started in Late July 2014 at over__________ 2,500
Bottomed Early Jan 2016___at around________ 1,300
Bounced by Mid Jan 2017___to a level around 2,300
after peak in May 2018______________________2,800
Price remained around_______________________2,300 until Jan 2020

[muffinhead] 09/3/2020 16:11

Montyhedge is correct

Companies that historically focused on share buybacks continue to underperform

[waldron] 09/3/2020 16:10

Trump, White House Officials to Discuss Economic Response Plan -- Update
Print
Alert

By Kate Davidson and Andrew Restuccia

WASHINGTON -- White House officials plan to hold a high-level meeting with President Trump Monday afternoon when he returns from Florida to present him with a menu of potential fiscal-policy responses to combat the spreading coronavirus, two senior administration officials said Monday.

Officials are preparing plans to expand paid sick leave for U.S. workers and defer tax payments for some businesses, among other plans, to mitigate the economic effects of the epidemic, one of the officials said, amid mounting fears that the virus will derail global growth.

Officials are most troubled by the prospect of people not getting paid if they are confined to their homes during an outbreak, one official said, adding that the White House is trying to figure out the most efficient way to help those people.

The White House didn't immediately respond to a request for comment.

Financial markets around the globe shuddered Monday morning as confirmed cases tripled outside China, with more than 110,000 people infected in 108 countries, according to data compiled by Johns Hopkins University. In the U.S., the number of cases rose to 554 over the weekend, and 21 people died.

Mr. Trump last week signed an $8.3 billion emergency spending bill to combat the coronavirus, funding efforts to develop a vaccine and assisting local and state responses. But the administration has offered mixed messages on whether it sees a large fiscal stimulus package as necessary to cushion the U.S. economy against a slowdown.

White House economic adviser Lawrence Kudlow said Friday the administration was considering "timely and targeted" measures aimed at helping workers and sectors affected by coronavirus. That includes measures such as deferring taxes for the industries hardest hit by the virus -- primarily hospitality and travel, an administration official said.

House Speaker Nancy Pelosi (D., Calif.) and Senate Minority Leader Chuck Schumer (D., N.Y.) over the weekend outlined a series of measures they want in any government response.

Mrs. Pelosi and Mr. Schumer said workers who are required to stay home or care for children should be able to take paid sick leave. They also called for expanding nutrition assistance, especially if school lunch programs need to close.

The Democrats also encouraged the administration to increase testing for the virus, aid front-line health workers and reimburse patients for their costs. The Pelosi-Schumer outline didn't include any sort of broader fiscal stimulus efforts.

--Richard Rubin contributed to this article.

Write to Kate Davidson at [e-mail] and Andrew Restuccia at [e-mail]



(END) Dow Jones Newswires

March 09, 2020 11:26 ET (15:26 GMT)

[ftl] 09/3/2020 15:58

Too many things happening at once for the orange man's brain, it's gone into 'can't compute' mode. Under such conditions it always reverts to 'blame the media and democrats for everything' mode.

[waldron] 09/3/2020 15:50

YEP THE TRUMP TWEET EFFECT HAS RETURNED WITH A VENGENCE

[zho] 09/3/2020 15:46

waldron,

Trump's tweeted a dozen times today and it's still only morning in the US. Anyone would think he didn't have anything important to attend to.

[waldron] 09/3/2020 15:45

Markets are tanking, coronavirus is spreading – and Trump is attacking Biden and the media
Published Mon, Mar 9 20208:30 AM EDTUpdated 19 min ago
Mike Calia
Kevin Breuninger
@KevinWilliamB
Key Points

President Trump, whose administration is under increasing pressure and criticism for its response to the coronavirus outbreak, lashed out in a Twitter tirade.
The president’s tweets came as global markets tumbled from coronavirus fallout and Joe Biden appeared to be surging toward the Democratic nomination.
“The Obama/Biden Administration is the most corrupt Administration in the history of our Country,” Trump tweeted.

[waldron] 09/3/2020 15:35

what just one tweet from trump

such much

viva la The Trump Tweet Effect

[crossing_the_rubicon] 09/3/2020 15:32

Nope You claimed he wasnt tweeting.
I C&P's one to prove he was!

Curtailing airline travel best move he did imo.

Also note I was critical of his call saying this virus wasnt anything major to worry about!!!!

[sarkasm] 09/3/2020 15:16

lol

is that you defending the orange man by accusing others

rubi trumps just gone quiet for a change, but he will back posting tweets ten to a dozen to take credit for saving the world

[crossing_the_rubicon] 09/3/2020 15:05

Closing off travel to highly infected areas was a smart call

Saying the virus wasn't a major problem,however,was not.

Fact is those so many think this Virus isn't a worry so Trump merely echoing them.
(and they are also the most vocal critics of the orange man)

[sarkasm] 09/3/2020 14:57

what we do know rubi is trump is not tweeting

its a hoax or taking credit for something these days



The Trump Tweet Effect seems to be absent these days