Shell Share Discussion Threads

[adrian j boris] 06/6/2021 07:24

Putin Says That First Line Of Nord Stream 2 Is Now Complete
By RFE/RL staff - Jun 05, 2021, 4:00 PM CDT
Trade Oil Futures And Energy Stocks

Russian President Vladimir Putin has announced that laying the pipes for the first of two lines of the prospective Nord Stream 2 pipeline to Germany has now been "successfully completed."

Addressing an economic forum in St. Petersburg on June 4, Putin also said that "work on the second line is continuing."

While the underwater section still needs to be linked to the section on German territory, Russian energy giant Gazprom "is ready to start filing Nord Stream 2 with gas," he added.

Gazprom shares went up 0.6 percent after Putin's comments, reaching 273.80 rubles ($3.74) -- their highest level since mid-2008.

The United States, which has strongly opposed construction of the new Russian pipeline, last month announced new sanctions against Russian companies and ships involved in the project.

But the administration of President Joe Biden decided to waive sanctions against the company overseeing the project and its CEO.

In Washington, the move was met with criticism from Republicans and some Democrats, while the Kremlin hailed it as a "positive signal" ahead of a June 16 summit between Biden and Putin.

The Baltic Sea pipeline was at the center of a political tussle between Berlin and Washington during the previous administration of former U.S. President Donald Trump. Since coming into office in January, Biden has sought to heal relations with Europe after they were bruised under his predecessor.

U.S. officials have warned the pipeline will make Europe more dependent on Russian energy supplies and bypass Ukraine, which relies on gas transit fees.


The German government has refused to halt the project, arguing that it is a commercial venture and sovereign issue.

Putin told the St. Petersburg International Economic Forum that Russia will continue pumping 40 billion cubic meters of gas via Ukraine a year in line with the existing five-year contract.

Kyiv is locked in a confrontation with Moscow over Russia's 2014 seizure of Ukraine's Black Sea Crimean Peninsula and the Kremlin's support of separatists in eastern Ukraine.

Describing the U.S. use of the dollar as a political weapon, Putin also said that European states should pay for Russian gas in euros, a day after Moscow said it would remove dollar assets from its National Wealth Fund while increasing the share of the euro, Chinese yuan, and gold.

"The euro is completely acceptable for us in terms of gas payments. This can be done, of course, and probably should be done," he said.

Russia has long moved to reduce the dollar's share in its hard-currency reserves as it has faced waves of U.S. sanctions amid heightened tensions with the West over issues including the conflict in Ukraine, cyberattacks allegedly by Russian hackers, and Russia's treatment of jailed opposition activist Aleksei Navalny.

In an interview with state-run Channel One television on the sidelines of the St. Petersburg forum, Putin said he expected "no breakthrough" from his meeting with Biden, but expressed hope that the talks will be held in a "positive atmosphere."

"But the very fact of our meeting, that we will speak about possibilities for restoring bilateral relations, about matters of mutual interest, and, by the way, there are a lot of them, is quite good as such," he added.

Late last month, Biden said he would press his Russian counterpart to respect human rights when the two leaders meet.

The U.S. president in March said he believed Putin was a "killer," which prompted a diplomatic row that led to Moscow recalling its ambassador to Washington for consultations.

By RF/ERL

More Top Reads From Oilprice.com:

[heialex1] 05/6/2021 10:29

Listen to this cnbc contributor talk about Shell and the overall energy spacehttps://youtu.be/cg5wwuwprLE

[waldron] 05/6/2021 08:42

ihsmarkit.com/research-analysis/germany-pledges-10-billion-for-hydrogen-projects-by-shell-bp-t.html

Climate and Sustainability Research & Analysis
Germany pledges $10 billion for hydrogen projects backed by Shell, BP, Total, others
04 June 2021 Cristina Brooks

Majors BP and Shell, utilities like Vattenfall and RWE, and chemical refiners like BASF, Linde, and Dow all are likely to benefit from promised German state funding for 62 hydrogen projects.

Their projects are due a share of over €8 billion ($9.73 billion) in German state and federal funds announced jointly by Germany's Federal Ministry of Economics and Federal Ministry of Transport on 28 May.

An additional €20 billion ($24 billion) in backing for projects is set to come from private investors and other sources so that funding levels reach an expected €33 billion ($40 billion).

Germany's funding for the projects is contingent on the outcome of an application for EU State Aid law exemptions under the EU's Important Project of Common European Interest (IPCEI) program. The EU put out a call for proposals to regional companies to join a hydrogen IPCEI in December.

[the grumpy old men] 04/6/2021 18:22

Is Royal Dutch Shell Stock a Buy?
Shell had a solid plan for the future. Or at least it did until things got a little more complicated. What should investors do now?
Reuben Gregg Brewer
(TMFReubenGBrewer)
Jun 4, 2021 at 11:25AM
Author Bio

Royal Dutch Shell (NYSE:RDS.B) is one of the largest integrated energy companies on Earth. That has put it in the crosshairs of environmentalists looking to take on global warming. The company has started to do something about this issue, but it may not be enough to satisfy detractors. That could make life much more difficult for Shell and its shareholders.
The big change

Shell made the very difficult decision in 2020 to cut its dividend by a huge 65%. There were two reasons why the giant energy company took this step. First, drilling for oil requires a lot of capital investment, and at the time weak oil prices were making it difficult to fund spending needs. Second, the company announced plans to alter the makeup of its business, shifting toward growth in cleaner energy businesses and reducing its emphasis on oil.
A smiling person in front of wind turbines.

Image source: Getty Images.

That second announcement was notable, as it meant that Shell had heard what investors, governments, and environmentalists were saying about reducing carbon and it was taking action. Some of its peers, notably Chevron and ExxonMobil were, and for the most part still are, dragging their feet on this front. Shell's goal is to get to net zero carbon by 2050, with interim goals of a 20% reduction by 2030 and a 45% reduction by 2035.

There are a lot of moving parts to this plan, but it entails reducing oil production, increasing natural gas exposure, and ramping up investment in renewable energy. Shell is not new to the clean energy space either, so it has some expertise to build off of. The goals seem reasonable, but there's one key thing investors have to remember -- the oil business, though shrinking, is helping to fund the transition to a cleaner future.
A wrench in the gears

Everything seemed lined up for Shell. It had even gotten back to increasing its dividend, now having raised it twice since the cut. That was meant as a sign to investors that the company was financially strong and could be trusted to address clean energy concerns and maintain a growing dividend over time. Based on shareholder proxy voting, investors appeared pleased with the direction the company was heading. Then Shell lost a court case in Europe around its environmental impact.

TOT Dividend Per Share (Quarterly) Chart

TOT Dividend Per Share (Quarterly) data by YCharts

The big takeaway from the case is that Shell was told to increase the pace of its clean energy transition. The court mandated target for carbon emission reduction was 45% by 2030. That pushes forward the 2035 goal by five years, but means more than doubling the carbon reduction originally planned for 2030. This is a massive change.

The company responded by outlining the steps it has taken so far and plans to take in the future. And by saying it will appeal the decision. That is the logical step for Shell, but investors need to consider what happens if it loses this fight. Most notably, it will likely have to divest more oil assets to meet the court's mandate. That means less revenue to support the shift toward clean energy. In turn, this will probably lead to increased use of the balance sheet to fund the transition. That is not an ideal solution.
What to do about it?

At this point, nothing is likely to happen in the near term. However, investors looking for a long-term energy investment might want to step back here and rethink how they go about putting their money to work. This isn't to suggest that Shell is a bad company, only that the court loss raises the risks for this energy company in an unpredictable way.

The best alternative right now is likely Total (NYSE:TOT), which is going down a similar clean energy path, has maintained its dividend, and has shareholder support for its transition. Alternatively there is BP, but the company's 2020 dividend cut and high leverage compared to peers are issues that some may, justifiably, find concerning. That said, be prepared, if Shell does end up losing this fight, it is likely that other energy names will find themselves facing similar problems down the line.

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[the grumpy old men] 04/6/2021 17:35

Putin says first string of Nord Stream 2 pipeline completed
Jun. 04, 2021 10:43 AM ETPublic Joint Stock Company Gazprom (OGZPY)BASF SE (BASFY), ENGIE SA (ENGIY), OMV Aktiengesellschaft (OMVJF)...By: Carl Surran, SA News Editor37 Comments

Russia's President Putin says the pipelaying of the first line of the Nord Stream 2 pipeline to Germany had been completed, and Gazprom (OTCPK:OGZPY) is ready to start filling the link with gas.
Earlier this week, Russia deputy prime minister Alexander Novak said ~100 km of the two-string pipeline remains to be laid.
The Gazprom-led project also includes Western partners Royal Dutch Shell (RDS.A, RDS.B), BASF's (OTCQX:BASFY) Wintershall, Uniper (OTC:UNPPY), OMV (OTCPK:OMVJF) and Engie (OTCPK:ENGIY).
The pipeline could be finished by late summer without a major intervention to stop it, after U.S. President Biden backed off from new U.S. sanctions against the project.

[waldron] 04/6/2021 07:38

European markets set to open lower ahead of U.S. jobs report

Published Fri, Jun 4 20211:20 AM EDT

Holly Ellyatt
@HollyEllyatt

Key Points

The market, focused on the link between inflation pressures and the reopening of U.S. businesses, is on tenterhooks before the release of the jobs report Friday.
It could show an additional 671,000 nonfarm payrolls in May, compared to the 266,000 jobs that were added the month before, according to economists polled by Dow Jones.

LONDON — European stocks are expected to open lower Friday as investors look ahead to a key U.S. jobs report later in the session.

London’s FTSE is seen opening 20 points lower at 7,050, Germany’s DAX is seen 35 points lower at 15,618, France’s CAC 40 down 21 points at 6,497 and Italy’s FTSE MIB 39 points lower at 25,390, according to IG.

[pander45] 03/6/2021 22:21

It's almost become a fact that human activity is now solely responsible for climate change...this is of course utter garbage. I am yet to see any scientific evidence that accurately quantifies the human contribution to underlying naturally cyclical climate change, which has been a firm feature of earths climate for millions of years.....

[johnwise] 03/6/2021 13:01

The Global Warming Lie Update: Total “hoax and scam”


EU carbon border costs to apply on steel, cement, power

The European Union plans to impose carbon emission costs on goods including steel, cement and electricity, reported Bloomberg late on Wednesday.



EU and Bill Gates team up in $1bn investment push for clean tech

The European Commission announced a partnership with Bill Gates’ sustainable energy funding vehicle in a move to try and generate new investments for clean tech and sustainable energy projects totalling up to $1bn over five years.



The evidence global warming isn't happening..


Video: The truth about global warming


VIDEO: A Dearth of Carbon Dr. Patrick Moore


VIDEO: Bill Gates Slams Unreliable Wind and Solar Energy


VIDEO: European Parliament Told 'There is No Climate Emergency!'


Global warming a total “hoax and scam” run by corrupt scientists, warns Greenpeace co-founder


Exposed: How world leaders were duped into investing billions over manipulated global warming data

[planit2] 03/6/2021 08:41

Sentiment on here is terrible and hit rock bottom, got to be a good sign for the future share price as once we have run out of sellers the price will rally. :)

Unless you have to sell then the share price is just an opportunity to pick up shares cheaply.

In the mean time you own a part of a company that makes money off the oil price. Last time I looked the oil price was higher than could be believed this time last year. This is going to be a very profitable year.

Shell lost money with bad hedging in Q1 but this won't be repeated in Q2 so the price might gain a bit on BP (who cleaned up with their trading in Q1).

For the medium term you need to look more at supply and demand, no new development (banks don't want to lend, gov shutting it down etc) means constrained supply so the people with the resources will do very well.

I dont even see the court case as a bad thing. All it does is force Shell to be a huge Energy company by 2030 with 45% of their energy production being green. With the cost of energy rising hugely (it has to because green costs more) it should all be very profitable for Shell.

Not advice, DYODD etc.

[waldron] 03/6/2021 07:25

European markets head for positive open following upbeat trade in Asia-Pacific

Published Thu, Jun 3 20212:08 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to open moderately higher on Thursday with markets set to follow an upbeat tone set in Asia-Pacific overnight.

London’s FTSE is seen opening 12 points higher at 7,109, Germany’s DAX is seen 21 points higher at 15,607, France’s CAC 40 up 4 points at 6,520 and Italy’s FTSE MIB 11 points higher at 25,350, according to IG.

[heialex1] 03/6/2021 01:08

https://youtu.be/4x_UNBiCPHIInteresting video about coming strength of holding oil equities. I notice an increasing amount of noise about these themes which to me suggests money might start flowing into these companies and the re-rate upwards can start (and have legs)

[chiefbrody] 02/6/2021 20:28

Agreed tornado.Have been slowly accumulating, with the intention of continuing for another decade, so that I can reap many thousands of pounds of cash dividends p.a when I semi retire/retire.Currently just about at b/even but for the first time, never sell Shell is in doubt for me.Sick to death of the greens trying to take over the world (which they will in many places).

[tornado12] 02/6/2021 18:02

The latest blow for OM from the climate activists is extremely worrying and only puts another bomb into the long term share price of RDSB. I hold a big chunk of these and not yet recovered to break even. I’m sure it will happen but this latest blow to future is unsettling. I never thought I would sell shell but this latest development has me rethinking the strategy. Putting this strain onto Shell will make no impact to supply or demand as others fill the gaps. I’m totally flabbergasted that anyone can think it will change the world !

[florenceorbis] 02/6/2021 12:43

DIVI DATES



1st quarter 2021

The Board of Royal Dutch Shell plc has announced the intended timetable for the quarterly interim dividends.

Pounds sterling and euro equivalents announcement date June 7, 2021

Dividend Payment date June 21, 2021

[xxxxxy] 02/6/2021 12:27

11:57amBrent Crude above $71Oil prices continued their ascent today, with global markets near record highs after the OPEC+ alliance provided an upbeat assessment of the demand outlook and prospects for a quick return of Iranian supply starting to fade.Futures in New York rose 1pc after closing at the highest since October 2018. Brent also climbed above $71 today, where it remains now.Prices are responding to increased demand. The International Energy Agency says consumption may hit pre-pandemic levels in a year, sooner than previously expected.Road traffic in the U.K. was higher than pre-pandemic levels for the first time last week and in the US, Memorial Day weekend trips boosted gasoline demand and air travel.Although there was initially hope that the Iran nuclear deal could be revived this month, participants in the talks in Vienna are set to head back to their capitals after meeting today, cooling speculation that US sanctions on Iranian oil exports will be imminently lifted."The strong demand dynamics and likely delays in the Iran nuclear deal negotiations pushed oil prices above the much-watched $70 a barrel level," Norbert Ruecker, an economist at Julius Baer told Bloomberg."We expect prices to move well beyond $70 toward mid-year.".... Daily Telegraph

[waldron] 02/6/2021 07:07

European markets head for a muted open, continuing a global trend

Published Wed, Jun 2 20211:16 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to see a cautious start to the trading day on Wednesday, continuing a lackluster start to June trading.

London’s FTSE is seen opening 3 points lower at 7,079, Germany’s DAX is seen 20 points higher at 15,588, France’s CAC 40 up 3 points at 6,491 and Italy’s FTSE MIB 4 points higher at 25,332, according to IG.