Shell Share Discussion Threads

[grupo] 02/3/2020 15:13

Dow cuts gains and turns negative after weaker-than-expected economic data
Published Sun, Mar 1 20205:27 PM ESTUpdated Moments Ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[grupo] 02/3/2020 14:53

Stocks rise as market attempts to rebound from massive losses last week
Published Sun, Mar 1 20205:27 PM ESTUpdated 13 min ago

[grupo] 02/3/2020 14:48

Aye you be right

Price (GBX) 1,715.20 Var % (+/-) +3.10% (Up +51.60)

certainly off the days highs

[poikka] 02/3/2020 14:42

History already.

[grupo] 02/3/2020 14:34

HOLD UP WELL OUR SHELL


Price (GBX) 1,703.00 Var % (+/-) +2.37% (Up +39.40)

High 1,745.40 Low 1,663.80

Volume 7,567,954 Last close 1,663.60 on 28-Feb-2020

Bid 1,702.80 Offer 1,703.20

Trading status Regular Trading Special conditions XD

[supermarky] 02/3/2020 11:20

volatile times

[maywillow] 02/3/2020 11:04

MOST OF US ARE ADULT ENOUGH TO TAKE FROM POSTS WHAT WE MIGHT FIND USEFUL


YOU POIKKA ,JUST SPOUT OFF IN A POMPOUS WAY



Poikka
2 Mar '20 - 10:47 - 10275 of 10276
0 1 0
274 - Which rather highlights the pointlessness of maywillow's, and others' similar post(s).

I don't see the latest share price drop as a buying opportunity, even gambling on the likely possibility of output cuts.

It's all very well for central banks to say that they'll support economies, but I reckon fiscal policies will be needed. It's not JUST the virus, is it, economies were already suffering, especially in the FE, from the US/China trade spat, and the virus has just added to that.

Hanging on tight and holding on tight to spare cash.

[poikka] 02/3/2020 10:47

274 - Which rather highlights the pointlessness of maywillow's, and others' similar post(s).

I don't see the latest share price drop as a buying opportunity, even gambling on the likely possibility of output cuts.

It's all very well for central banks to say that they'll support economies, but I reckon fiscal policies will be needed. It's not JUST the virus, is it, economies were already suffering, especially in the FE, from the US/China trade spat, and the virus has just added to that.

Hanging on tight and holding on tight to spare cash.

[masurenguy] 02/3/2020 10:01

Dow Futures have already faded to under 150 and the 2% uplift in oil futures is also declining. Considerable volatility !

[maywillow] 02/3/2020 09:47

Dow futures up more than 500 points as global stocks rebound from market rout
Published Sun, Mar 1 20205:27 PM ESTUpdated 36 min ago
Fred Imbert
@foimbert
Eustance Huang
@EustanceHuang

[waldron] 02/3/2020 08:20

European stocks rally on hopes of stimulus measures to lessen coronavirus impact
Published Mon, Mar 2 20201:00 AM ESTUpdated Moments Ago
Holly Ellyatt
@HollyEllyatt
Key Points

Hopes are rising that central banks could introduce stimulus measures to lessen the impact of the outbreak on the global economy, following a sharp increase in coronavirus cases outside of China, including in the U.S and Europe.

[ariane] 01/3/2020 11:29

A $30 Oil Price Is the Real Virus Threat to OPEC

Julian Lee, Bloomberg News








BC-A-$30-Oil-Price-Is-the-Real-Virus-Threat-to-OPEC

BC-A-$30-Oil-Price-Is-the-Real-Virus-Threat-to-OPEC , Julian Lee

(Bloomberg Opinion) -- It’s finally upon us. The week when ministers from the oil producing countries of OPEC and their allies meet to decide on the future of their latest round of output cuts. Having failed to persuade Russia to bring the meeting forward, Saudi Arabia will now hope to convince its biggest non-OPEC ally of the need to make deeper cuts in the face of a demand slump triggered by the Covid-19 virus. Success is not a foregone conclusion and failure will be costly.

The looming pandemic has already made its mark on oil markets. U.S. West Texas Intermediate crude is now firmly below $50 a barrel and global benchmark Brent briefly followed it on Friday. That is uncomfortable territory for producers everywhere and, without a clear indication of deeper output cuts from this week’s meetings, prices will fall further.

As the virus spreads, locking down Italy’s industrial heartland and prompting Switzerland to ban large gatherings, producers appear to be clinging to overly optimistic demand assessments. OPEC Secretary General Mohammad Barkindo, speaking at a conference in Saudi Arabia last week, said that in spite of the new coronavirus, the world’s “thirst for energy will continue to grow.” While that may be true for energy as a whole, it may not be for oil demand this year if there isn’t a quick rebound.

Assessments from the three main forecasting agencies still show 2020 oil demand growth running close to a million barrels a day, but that now looks very optimistic. By contrast, veteran energy consultants FGE cut their forecast for growth this year to “almost zero.”

They base their pessimism on the ripple effects of the virus beyond China, where traffic volumes in affected cities have already slumped, according to data from the TomTom Traffic Index. Measured in terms of how much longer journeys take than they would on empty roads, live data show that traffic volumes in Beijing are still well below normal levels, even as the city is reportedly returning to work.

In Wuhan, center of the epidemic in China, there is no such uptick; economic activity remains severely curtailed.

But this is no longer just a Chinese problem. The economic impact of the spread of the virus to other parts of the world is clear. Four-week average jet fuel demand in the U.S. has dropped by 18% in the past 10 weeks. Airlines are cutting flight schedules and passenger numbers have collapsed. An acquaintance of mine flew back from Australia last weekend on a plane he reckons was only about one-third full. As people have second thoughts about getting on flights if there’s no guarantee those around them aren’t infected, flight schedules will almost certainly be cut further, with obvious implications for fuel demand. Consultants JBC Energy have cut global demand growth for the fuel to just 50,000 barrels a day this year, little more than a third of what they saw a month ago.

And those TomTom figures show the impact of the virus on traffic in Milan after its discovery in northern Italy. Morning rush-hour journey times have been cut by a quarter, as fewer cars clog the roads.

A similar pattern is emerging in OPEC nation Kuwait, where the virus has spread from neighboring Iran.
Any hopes that demand will rebound last this year in a robust enough way to offset the first-half slump are built on shaky foundations. The flights that have been cancelled are gone, not postponed. The road trips not made this week won’t be made up in future weeks. Traffic may return to normal levels once the virus is brought under control, but there won’t be a surge beyond that from pent-up demand.

This is the situation that will face the oil ministers of the 23 nations in OPEC+ later this week. They need a credible plan that will take actual barrels off the market, even if Russia balks at making further cuts. Its compliance has been poor, but Saudi Arabia seems willing to accept that in return for the perception of added clout that it thinks Russia’s presence at the table brings.

I have no doubt that an agreement will be hammered out in Vienna — or via a virtual meeting if the gathering is cancelled. (There are no signs yet that it will be, though OPEC continues to monitor the situation in Vienna). The cost of failure is too great. It “would leave the market vulnerable to a short-term swing below $30 a barrel,” analysts Emily Ashford and Paul Horsnell from Standard Chartered said in a report.

Oil traders will remain hard to convince that producers are doing enough, or reacting quickly enough. Saudi Arabia’s oil supplies to China are set to fall by a third in March as demand withers. The kingdom is pressing OPEC+ producers to agree to collective production cut of an additional 1 million barrels a day — even that may no longer be enough.

To contact the author of this story: Julian Lee at [e-mail]

To contact the editor responsible for this story: Melissa Pozsgay at [e-mail]

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

Julian Lee is an oil strategist for Bloomberg. Previously he worked as a senior analyst at the Centre for Global Energy Studies.

[spud] 29/2/2020 09:00

I think you'll find that they cancel or at least reduce the buybacks.spud

[yellow122] 28/2/2020 18:04

Thanks for explaining ! 👍

[waldron] 28/2/2020 17:53

WISHFUL THINKING PERHAPS FOR THE LONG LONG TERM TARGET


Should be fun to chalk it up BOX BY BOX

1475 to 1575p
1575 to 1675p$$$$$$$$$$WE ARE HERE TODAY$$$$$$$$$$$$$$$$$$$
1675 to 1775p
1775 to 1875p
1875 to 1975p
1975 to 2075p
2075 to 2175p
2175 to 2275p
2275 to 2375p
2375 to 2475p
2475 to 2575p
2575 to 2675p
2675 to 2775p
2775 to 2875p
2875 to 2975p
2975 to 3075p
3075 to 3175p
3175 to 3275p
3275 to 3375p
3375 to 3475p xmas 2020 INITIAL TARGET

A SLOW snail like CRAWL TO FJGOOONERS DREAM TARGET PRICE OF 3400p which may well be changed if convincingly surpassed before CHRISTMAS 2020


31st december 2018 WE HAD HOPED TO END THE YEAR IN THE 2675 to 2775p BOX
but alas we have to accept putting up with 2340p in the 2275 to 2375p BOX

DECEMBER 2019 ENDS IN THE 2175 to 2275p BOX at 2,239.5



So january 2020 ends at 2000p putting us in the 1975 to 2075p BOX

Feb 2020 ends at 1663.60p now in the 1575 to 1675p BOX

[dandu69] 28/2/2020 17:53

www.proactiveinvestors.co.uk/companies/news/913987/oil-joins-stocks-in-price-freefall-as-all-eyes-on-next-week-s-opec-meet-913987.html

[not my real name] 28/2/2020 17:50

Yellow122,

When RDSB shareholders take scrip dividends they are always paid in A shares. This results in additional dilution for holders of A shares which is why they traditionally lag in value behind the B shares. To counteract this effect they have to buy and cancel more A shares.

NMRN

[waldron] 28/2/2020 17:48

Yellow122
28 Feb '20 - 17:42 - 10262 of 10262
0 0 0
Why have the buybacks stopped for B shares? Only A last few days

It has always been A SHARES

On rare occurences B were bought

[yellow122] 28/2/2020 17:42

Why have the buybacks stopped for B shares? Only A last few days