Shell Share Discussion Threads

[gabsterx] 11/3/2020 09:51

Once the small shale producers go bankrupt this will only strengthen the big players after the price war settles. Shell will have trouble maintaining its dividend in cash if price stays below 40$ and might have to revert to scrip like they did in 2015.

[montynj] 11/3/2020 09:48

https://finance.yahoo.com/news/china-considers-boosting-state-oil-062254437.htmlGood for oil

[crossing_the_rubicon] 11/3/2020 09:32

"Shale's profitability problem just became much worse"
With West Texas Intermediate crude trading just above $30 a barrel, America’s shale producers’ profitability problem just became much worse. Only a handful of companies in two areas of the country have breakeven costs lower than the current oil price. Wells drilled by Exxon Mobil Corp., Occidental Petroleum Corp. Chevron Corp. and Crownquest Operating LLC in the Permian Basin, which stretches across West Texas and southeastern New Mexico, can turn profits at $31 a barrel, data compiled by Rystad Energy show, while Occidental’s wells in the DJ Basin of Colorado are also in the money at that price, which is where oil settled Monday. For everyone else, drilling new wells will almost certainly mean going into the red.

One of America’s biggest shale oil producers has slashed its dividend by 86 per cent in response to the collapse in global crude prices. Occidental Petroleum, whose shares halved in value on Monday, said that it would cut its capital expenditure this year by $1.7 billion, or more than 30 per cent, as it tried to weather the crisis. – The Times

[florenceorbis] 11/3/2020 09:28

There might well be more demand for A over B


adg
11 Mar '20 - 09:14 - 10733 of 10733
0 0 0
daft question, sorry, but why the large delta between RDSA and RDSB at the moment ?
I have bought a further 2500 this past several days in SIPP and will try to forget them for 5 years.....

[catswhiskas] 11/3/2020 09:27

Yes you need to forget. Join the Foreign Legion and Repent The End Is Nigh !

[adg] 11/3/2020 09:14

daft question, sorry, but why the large delta between RDSA and RDSB at the moment ?
I have bought a further 2500 this past several days in SIPP and will try to forget them for 5 years.....

[bo90] 11/3/2020 09:00

rebound didn't last long! the dampened price if the barrel is going to continue for months.

[gymratt] 11/3/2020 08:54

Hope they stay below £14 for the new ISA allocation.

[supermarky] 11/3/2020 08:38

I have relented and bought some more this morning. Buy Hold. Keeping cash on sidelines for more if they drop lower. Anywhere around this area is a steal imo.

[waldron] 11/3/2020 07:24

Oil crisis will slow efforts by BP, Shell to boost balance sheets - Bloomberg
Mar. 10, 2020 10:31 AM ET|About: BP PLC (BP)|By: Carl Surran, SA News Editor

BP (BP +3.2%), Royal Dutch Shell (RDS.A +4.8%), Equinor (EQNR +1.9%) and Eni (E +5.9%) are on the rebound today after suffering bigger stock market losses yesterday than Total (TOT +4.3%) and U.S. majors Exxon Mobil (XOM +3%) and Chevron (CVX +5%), as investors imposed harsher punishments for the companies that were more indebted.

The top five European oil majors have a ratio of net debt to total capital, or gearing, averaging 28% based on their 2019 annual results, while Exxon and Chevron were at 20% and 15%, respectively, at the full year, according to Bloomberg.

The European firms have been making slow progress at debt reduction, but the current crisis can only hurt those efforts, and BP and Shell's gearing already are above their own respective near-term targets of 20%-30% - targets that assumed a different oil price environment.

Shell has limited room to maneuver, Bloomberg's Chris Hughes writes, as its free cash flow in 2019 was only just enough to cover its dividends and debt interest - and that was with oil prices in the $55-$70/bbl range, and the company had gone through a major efficiency program following the 2016 acquisition of BG Group.

BP boldly raised its dividend last month, anticipating cash from recently agreed-on sales and from the sale of a putative $5B worth of assets that has not yet found buyers, so the number on that divestment program must now be in doubt, Hughes says.

[waldron] 11/3/2020 07:19

Dow futures point to an opening loss of more than 700 points after Tuesday’s surge
Published Tue, Mar 10 20207:37 PM EDTUpdated an hour ago
Fred Imbert
@foimbert
Key Points

As of 2:09 a.m. ET Wednesday, Dow Jones Industrial Average futures were down 620 points, indicating a loss of 762.16 points at the open. S&P 500 and Nasdaq 100 futures also pointed to losses.
The move down in futures comes after the major averages regained a chunk of their losses from Monday. The Dow rallied more than 1,100 points while the S&P 500 had its best one-day performance since Dec. 26, 2018.

[waldron] 11/3/2020 07:17

Central Banks
Bank of England cuts main interest rate from 0.75% to 0.25%
Published Wed, Mar 11 20203:05 AM EDTUpdated Moments Ago
Silvia Amaro
@Silvia_Amaro

[waldron] 11/3/2020 07:13

European markets look to higher open as coronavirus remains in focus
Published Wed, Mar 11 20201:42 AM EDT
Holly Ellyatt
@HollyEllyatt
Key Points

London’s FTSE index is seen 27 points higher at the open at 6,004, Germany’s DAX is expected to open 89 points higher at 10,588 and France’s CAC 40 index up 52 points at 4,589 while Italy’s FTSE MIB is seen 155 points lower at 4,689, according to IG.

[nw99] 10/3/2020 20:54

Huge buying opp this one

[fjgooner] 10/3/2020 19:55

Re: CatsWhiskas
10 Mar '20 - 15:58 - 10718 of 10721

DOW could be down another 10 centuries by the close oil off another 10% with this ready to crash again in the morning

-------

Er, no, it won't.

Quite the opposite.

DOW is currently up 1,114 or 4.67% with 3 minutes to the close.

[waldron] 10/3/2020 17:59

Shell worker in Scotland tests positive for coronavirus
A Shell employee in Aberdeen has tested positive for coronavirus.
By Scotsman reporter
Tuesday, 10th March 2020, 4:14 pm
Updated
1 hour ago
0

comments




HAVE YOUR SAY

It’s understood the member of staff is based at the firm’s Tullos base.

The oil firm has informed Health Protection Scotland, and other staff who worked closely with the person have been asked to work from home and contact NHS 24.
Read More
Coronavirus: Number of people infected with Covid-19 in UK rises to 373

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A Shell employee in Aberdeen has tested positive for the coronavirus


A spokesperson for Shell said: “Shell’s priority is the safety and health of our people and the safe operations of all our businesses.

“We continue to monitor the situation closely and follow the advice of the relevant UK authorities.

“Currently, all Shell UK offices are open and we have a robust cleaning programme which is proportionate to the current risk level.

“However, we have business continuity plans in place to ensure the sustainability of our supply chain and our ability to meet the needs of our customers and partners if the situation develops further.”

[waldron] 10/3/2020 17:35

Brent Crude Oil NYMEX 37.28 +8.50%
Gasoline NYMEX 1.16 +1.71%
Natural Gas NYMEX 1.94 +6.82%
WTI 33.67 USD +2.41%


FTSE 100
5,960.23 -0.09%
Dow Jones
24,041.34 +0.80%
CAC 40
4,713.94 +0.13%
SBF 120
3,742.38 +0.16%
Euro STOXX 50
2,910.02 -2.23%
DAX
10,475.49 -1.41%
Ftse Mib
17,969.48 -2.74%



Eni
8.165 +0.80%


Total
31.55 +1.84%

Engie
13.415 -1.94%



Bp
328.9 +3.36%

Vodafone
121.82 -1.95%

Royal Dutch Shell A
1,366.4 +3.69%

Royal Dutch Shell B
1,348 +3.31%

[w1ndjammer] 10/3/2020 16:33

decent day, share price starting to stabilise made a shed load on Nat Gas

WJ.

[catswhiskas] 10/3/2020 15:58

DOW could be down another 10 centuries by the close oil off another 10% with this ready to crash again in the morning 🙈

[waldron] 10/3/2020 15:56

Dow wipes out 945-point rally as market rolls over
Published Mon, Mar 9 20206:01 PM EDTUpdated 11 min ago
Fred Imbert
@foimbert
Yun Li
@YunLi626
Silvia Amaro
@Silvia_Amaro

[zho] 10/3/2020 15:39

There was an interesting comment made on today (from around 18 minutes).

According to their analyst natural gas is a by product of shale oil and more gas is produced towards the end of a life of an oil fracking operation. These are the wells most likely to be shut down if the POO stays low, hence yesterday's bounce in the price of gas.

[fjgooner] 10/3/2020 15:19

Analyst George Seay on Bloomberg TV was just saying that many US shale producers won't make it and will go under.

But he stated that investors should be taking a look at the survivors - he identified the big majors Royal Dutch Shell, BP and Chevron that will emerge the other side stronger than ever and will be picking up assets very cheaply.

He also stated that the US energy sector is best off with oil in the $60 to $80 range with retail gasoline (for US motorists) in the $2.50 to $3.50 range. He said that Trump is still stuck in the 70s in his thinking (that low retail gasoline is good at the expense of 100s of thousands of jobs, hundreds of billions of dollars of capital) and that the President needs to be informed better.

[catswhiskas] 10/3/2020 15:04

Oh no this is going to close down after being 11% up 😂