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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shell Plc | SHEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 17.50 | 0.63% | 2,779.50 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,790.50 | 2,778.00 | 2,803.00 | 2,779.50 | 2,762.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 09/7/2024 14:56 by adg Agree but all European oilers are to some degree similarly undervalued to their US peersIn my mind a portion of that is the attitude investors have in the US In Europe there are too many tree hugging fannies have been programmed and brainwashed into the ESG/green/nut zero agenda whereas in the main our US cousins don’t really give a flying fekk when investments and making money is on the table |
Posted at 09/7/2024 07:41 by adg It’s not the share performance it’s the valuation against its peers that is the issue.LSE is unloved and Labour aren’t going to make it any better for investors to choose UK listed companies. (Not suggesting Tories were any use either) My money is on Shell leaving once Kneeler squeezes UK oilers more - what reason do Shell have to stay in a hostile environment that subdues its share price ? Where the government hates its very being and existence and taxes it disproportionately and is actively and openly destroying and effectively shutting down its core business in its own country of domicile…. I know what I would do Sawan has huge balls and his tenure thus far has been positive in many ways (Brainwashed Ben had gone woke and was no good for Shell a so glad to see him go) |
Posted at 12/6/2024 09:03 by jrphoenixw2 How Jacinda Ardern almost drove New Zealand to blackouts – and why Starmer should be worried.Impact of oil and gas drilling ban throws Labour’s North Sea policy into sharp relief ------ Sir Keir Starmer is standing by a pledge to ban new drilling in the North Sea, despite New Zealand abandoning a similar policy amid blackout fears. Labour’s manifesto, due out on Thursday, will feature a pledge to block all new licensing for oil and gas as one of its key energy policies. The party “will not be issuing licences to explore new [oil and gas] fields as we accelerate to clean power”, a Labour spokesman confirmed on Tuesday. It follows last weekend’s announcement that New Zealand’s government was lifting a ban on new oil and gas exploration. The ban was announced by former prime minister Jacinda Ardern in 2018. “The world has moved on from fossil fuels,” Ardern proclaimed at the time. New Zealand’s trailblazing policy, which was the first of its kind, became a key inspiration for the Labour Party’s own plan. However, some in the party are now questioning the commitment after New Zealand resources minister Shane Jones last weekend denounced its own ban as a disaster – and revoked it. It followed three years of rising energy prices that have left 110,000 households unable to warm their homes, 19pc of households struggling with bills and 40,000 of them having their power cut off due to unpaid bills, according to Consumer NZ. Since April the situation has further deteriorated: Transpower, the equivalent of our National Grid, warned that the nation was at high risk of blackouts. New Zealand’s shift to renewables meant it no longer had the generating power to keep the lights on during the cold spells that mark the Antipodean winter, said Transpower, as it begged consumers to cut their electricity consumption. The threat to New Zealand’s energy security comes despite the fact that geologists have discovered billions of cubic metres of natural gas in the seabeds around the country. Sean Rush, a leading New Zealand barrister specialising in petroleum licensing law and climate litigation, called the oil and gas ban “economic vandalism at its worst in exchange for virtue signalling at its finest”. Rush warned Labour off a copycat policy, saying: “There will be no benefits to UK energy security by banning new exploration drilling. You will simply disown an industry in which the UK has been world-leading.” Jones said last week: “Natural gas is critical to keeping our lights on and our economy running, especially during peak electricity demand and when generation dips because of more intermittent sources like wind, solar and hydro.” Such warnings are echoed by energy experts in the UK, where over 75pc of total energy consumed still comes from oil and gas. Half comes from UK waters – but it too will drop off a cliff if Labour implements a ban on new drilling, warns the industry. Offshore Energies UK (OEUK), a trade body, says there are about 280 active oil and gas fields in UK waters – of which 180 are due to shut down by 2030. Without new ones to replace them, UK gas production is predicted to more than halve by the end of the decade. Jenny Stanning, director of external affairs at OEUK, says exploration is essential to simply slowing the decline in output. “The New Zealand experience shows how important it is for countries to carefully manage energy transition and energy security. We will need oil and gas for decades to come so it makes sense to back our own industry rather than ramping up imports from abroad.” The scale of the UK’s reliance on oil and gas is huge: the nation consumes 77 billion cubic metres of gas a year. That’s equivalent to 1,100 cubic metres per person, or 14 double decker buses’ worth in terms of volume. About 40pc goes to generate electricity while much of the rest is burned in the 25 million homes that rely on gas boilers for warmth and hot water. We also consume about 61 million tonnes of oil – just under a tonne per person – most of it used to power our 32 million cars. Claire Coutinho, the Conservative Energy Secretary, claims that the New Zealand example shows the risks of Labour’s cavalier attitude to the North Sea. “Labour’ Green groups are pushing Labour to stick to that commitment. Tessa Khan, executive director at Uplift, an environmental group that campaigns to shut down UK oil and gas production, says it is “laughableR Others disagree. Russell Borthwick, chief executive of Aberdeen & Grampian Chamber of Commerce – the region that lies at the heart of the UK offshore industry – says the UK needs a managed and nuanced transition to low carbon energy. “The New Zealand experience is a salutary lesson in why it’s so important to devise a better approach to energy policy,” he says. “Oil and gas will still make up 50pc of our energy requirements by the mid 2030s and will even provide over 20pc of our energy as we reach net zero by 2050.” The UK should prioritise the North Sea as long as it needs oil and gas, believes Brendan Long, an energy analyst with WH Ireland Capital Markets. “The resources of the UK can be produced with lower emissions than elsewhere in the world – reflecting the engineering acuity of the UK’s energy industry and their willingness to invest in low carbon strategies.” New Zealand’s experience suggests much of the UK industry would not survive a ban on new drilling. “Back in 2018, at the time of the ban, there were 20 international and five local companies engaged in exploration and production in New Zealand,” says John Carnegie, chief executive of Energy Resources Aotearoa, the local industry trade body. “Since then, exploration has fallen dramatically. We only have nine remaining investors, seven international and two local. The rest have left.” The same may already be happening in the UK. Offshore operators such as Serica, Harbour and Deltic have announced that the “chilling effect” of Labour’s pledges was prompting them to move their investments abroad. Robin Allan, chairman of Brindex, which represents the UK’s independent offshore companies, says: “New Zealand’s ban was a politically motivated decision which ignored data on oil and gas demand, the advantages of domestic production and a realistic pace of decarbonisation. “The Labour Party should see what is happening in front of their eyes in another island nation which has already implemented a poorly reasoned policy – and think again.” Last night a Labour spokesman said the UK would do better than New Zealand. “Unlike this government, we will have a proper plan to take advantage of our North Sea resources in carbon capture, hydrogen and offshore wind, to deliver for our coastal communities and workers. “Labour’ [Telegraph, today] |
Posted at 04/6/2024 20:00 by jrphoenixw2 OPECs stupid manipulations are hardly paying off for producers/investors are they (sigh).... |
Posted at 16/5/2024 22:10 by jrphoenixw2 @ KK, and that will be a choice example of 'Who moved my cheese' vs gesture-politics headlines. It should work for investors too. Pity the UK consumer... |
Posted at 14/5/2024 09:25 by jrphoenixw2 I received this notification from my broker this morning:-------- Mandatory Corporate Action Description SHELL PLC ISIN GB00BP6MXD84 EffectiveDate 2024-05-16 Deadline 20240516 00:00 GMT-4:00 20240516 05:00(LOCAL) SHEL@LSE (Name: SHELL PLC) announced a spin-off, effective 20240516. The terms of the spin-off are 1 : 1. Please note that this Corporate Action Event is mandatory. No further action is required from you. -------- Does anyone know what is being spun off? I don't recall hearing anything about such a plan. ...maybe it's of no consequence to retail investors? |
Posted at 05/5/2024 13:03 by jrphoenixw2 [Sharecast Broker Tips - Friday 4.33pm]'RBC Capital Markets has raised its forecasts for Shell and kept an 'outperform' rating, saying the business was "firing on most cylinders" in the quarter. "Over recent years, Shell has had a number of stellar quarters; however, in between these there have been a number of operational issues that have hampered performance," RBC said in a research note on Friday. "1Q results were evidence on what the business could look like if it was firing on most cylinders, and the result is higher CFFO [cash flow from operations] and FCF [free cash flow] than its US counterparts." Shell reported adjusted earnings of $7.7bn, up from $7.3bn in the fourth quarter and some 20% ahead of consensus estimates, along with stronger-than-expect "In particular, LNG liquefaction volumes came in at the top end of guidance, while downstream availability was also strong. A key focus of the new management team has been to sweat the asset base harder, and it does appear there is evidence of operational momentum. How long will it last? Time will tell," said RBC, which has a 3,000.0p target price on the stock. |
Posted at 15/3/2024 22:52 by jrphoenixw2 Don’t sweat windfall taxes – energy stocks will soon soarAll signs point to oil prices rising – and that will pump up share values Ken Fisher 15 March 2024 Ken Fisher founded Fisher Investments and built a fortune estimated at $6.3bn. He writes a monthly column for Telegraph Money Don’t let the FTSE 100’s flat start to the year blind you. This beautiful, global bull market is strong, an early advance on the good-to-great 2024 I foresee. But then, there is energy. The sector’s lack of energy partly explains UK stocks’ tepid start, while the bears claim Britain’s extended “windfall tax” on gas and oil portends worse ahead. Wrong! The energy sector should shift from laggard to leader later this year – shocking almost everyone. Here’s why. After energy outperformed in 2022, riding the crest of spiked oil prices as Putin invaded Ukraine, most envisaged ongoing global supply shortages, stoked by OPEC+ supply constraints, falling UK production and a reaccelerating, post-Covid China. These, supposedly, would send oil prices spiking again – powering up energy companies. So, few people expected energy stocks’ weakness in 2023. Globally, they fell 3.3pc while world stocks soared 16.8pc. Yes, UK Energy’s 10.8pc rise beat the overall 7.7pc increase made by British shares, but that was globally an outlier, partly due to liquefied natural gas (LNG) arbitrage profits. Globally, energy investors got trounced in 2023. By early 2023, oil prices had quietly fallen fully a third from March 2022’s high. Global production obliterated shortage fears and seemed set to keep expanding in Norway, Guyana and North America. President Biden’s temporary ban on new federal land leases didn’t bite – US output actually topped record highs. Hence, high and rising production globally constrained oil prices to between $70 and $95 per barrel, stymieing global energy firms, whose profits chiefly rise and fall with crude prices. Now everyone, again wrongly, extrapolates this lag throughout 2024. Fund flows, money manager surveys and valuations all show that investors have slashed exposure to the energy sector. This sour sentiment shift goes against the fundamentals. Oil prices should rise later this year, refuelling energy firm profits – and pumping share prices. Why? It isn’t OPEC+ production cuts. Energy stocks and oil prices baked those in long ago. They are mere symbolism now – not real-world limits. Ditto for Mr Biden’s pausing of new LNG export terminal permits, which won’t stop already permitted and under-construction terminals from easily supplying the planet. North American LNG export capacity should double later this decade. Nor is it the gradual decline in UK and North Sea output, this is old, widely known news. No, this is about simple incentives and normal market behaviour. When energy companies saw higher prices, they boosted production to capitalise. Now US producers are completing wells far faster than drilling new ones, running down America’s “fracklog&rdqu Down 17.9pc year on year, the dwindling fracklog means less inventory can come online quickly. The low-hanging fruit are picked. But producers aren’t replacing them. Dissuaded by mostly low-end prices and higher borrowing costs, oil producers got lean. Now, after years of consolidation, global mega-drillers dominate the market. With their more judicious production targets reigning, US rig counts fell from 621 at the end of 2022 to the current 506. US drilled wells fell, down 18.6pc year on year through January. Production typically lags drilled wells by about six months, so soon overall production will slow significantly. Meanwhile, many people vastly underestimate demand, while at the same time overemphasising areas of minor economic weakness like Germany and the UK. Yet better-than-expected growth in Britain and Europe, solid growth in America and stable demand in China will result in stronger-than-foreca For that reason, oil prices will climb. Not sky-high, but challenging the upper end of 2023’s range – boosting energy sector earnings and the FTSE. It is the oil price, not production volume, that drives profits and oil stocks and determines when and whether companies will recoup high drilling and exploration costs. Higher oil prices, married with cost-consciousness, should create an earnings bonanza. This should help big global oil companies, Britain’s energy stocks and the FTSE, as they benefit from strong balance sheets, low-cost production and integrated business models. They are best positioned to capitalise when oil prices rise but don’t skyrocket. Don’t sweat Jeremy Hunt’s new Budget, which extends oil and gas “windfall&rdqu These taxes impact domestic production and revenue only. Given just 13.8pc of UK energy company revenue is actually from Britain, windfall tax worries are mostly hot air. You may ask: “But won’t pricey oil mean high petrol prices – and reignite inflation?” Perhaps incrementally. But they are just one small factor among many, likely offset by the fall in the energy price cap. So, enjoy this global bull market. And watch UK stocks thrive later in 2024, as they “energise&rdqu |
Posted at 13/12/2023 20:39 by pj84 "ShellIt seems that the main reason to buy Shell (GB:SHEL) remains its cheap valuation, especially compared with its US peers. Invesco Comstock managers Kevin Holt, James Warwick and Devin Armstong are the latest top-performing investors to have seized upon the shares’ low rating, buying into the oil giant in August. ‘Shell has underperformed recently, which allowed us to initiate a position in this top-tier oil and gas firm,’ they said in their latest update to investors. They are three of 55 Elite Investors backing in the shares, resulting in Shell’s status as the top London-listed stock in the Citywire Elite Companies rankings. Jon Bosse and Jujhar Sohi, who own Shell in their Nuveen Large Cap Value and Multi Cap Value funds, said the shares were ‘exceptionally undervalued’, adding that chief executive Wael Sawan was ‘driving positive change and a commitment to shareholder returns’ in an update to their investors. These shareholder returns are in the form of growing dividend and share buybacks, with Shell’s investment strictly controlled to generate plenty of cash flow. Oil and gas and production and trading profits are under pressure from an oil price which has been drifting lower since the summer. However, over the medium term, Shell should benefit from being one of the leading integrated liquified natural gas (LNG) players as gas remains a key transition fuel for countries aiming to reduce their carbon dioxide emissions. With Shell shares trading on just 7.5 times forecast earnings for the next 12 months, it’s not hard to to see why management is growing buybacks. Shell’s top Elite Investors Elite Investor Fund Size in fund Rank in fund Steven Magill UBS UK Equity Income Fund 8.3% 2/36 Martin Walker Invesco UK Equity 6.7% 2/36 Oliver Kelton WS Ardtur Continental European Fund 6.5% 3/24 Sources: Citywire / Morningstar, latest holdings data." |
Posted at 28/2/2023 10:51 by gibbs1 Shell explored quitting Europe and moving to the USConcern over how to close value gap with American rivals could see group walk back commitments on transition away from fossil fuels Shell’s top executives explored moving the Anglo-Dutch energy group to the US to tap better investor valuations. Derek Brower Tom Wilson Anjli Raval Tue Feb 28 2023 - 10:15 Shell’s top executives explored moving the Anglo-Dutch energy group to the US in a proposal that threatened to deliver a hammer blow to the City of London. Wael Sawan, the oil and gas group’s new chief executive, was among a group of top managers who in 2021 discussed the advantages of shifting the company’s listing and headquarters to the US, according to people familiar with the talks. The executive team – where Mr Sawan oversaw oil, gas and renewables before his move to the top job this year – ultimately decided to leave the Netherlands but consolidate its base and stock market listing in London. “During formal discussions about the HQ relocation, [Mr] Wael did not advocate for a move to the US,” Shell told the Financial Times. Shell is the UK’s largest company, with a market capitalisation of £176 billion (€200 billion) and revenues of £316 billion. Its loss to the US would crystallise fears about London’s status as a financial centre, with a dearth of new listings and a series of takeovers risking hollowing out the UK’s equity markets. Although the US idea was ultimately rejected, the motivation that led to the potential move remains: Mr Sawan is concerned about the yawning valuation gap between Shell and US-listed rivals ExxonMobil and Chevron. On the US market, Exxon and Chevron are valued at about six times their cash flow, compared with about three times for Shell. Since his promotion to chief executive in January, Mr Sawan – who met investors in New York this month – has appointed a team of executives to review parts of Shell’s business as it seeks to win back American investors, according to people familiar with his plans. Adjustments could include dropping the commitment made by previous Shell boss Ben van Beurden to allow the company’s oil production to decline by 1-2 per cent a year from 2019 as part of its plan to cut emissions, the people said. Mr Sawan and other Shell executives are said to have been impressed by the 10 per cent jump in UK rival BP’s shares this month after it stunned the sector by paring back its plans to reduce oil and gas production by 40 per cent by 2030. Asked on a recent investor call about Shell’s commitment to reducing oil output, Mr Sawan said the “longevityR Shell said it remained committed to the energy transition strategy, adding that it would update investors in June. The strategy discussions at Shell come as energy companies wrestle with how to maximise returns during the energy transition, after the upheaval wrought by Russia’s assault on Ukraine revived fears about energy security and delivered record profits for the industry. In the past three years, Shell and other European oil companies have pledged to overhaul their businesses to cut emissions but struggled to convince investors that they can deliver attractive returns from their low-carbon investments. Mr Sawan has said divisional heads will have to justify the cost of running their businesses and defend the potential returns, according to people familiar with the matter. “We won’t be as benevolent as before,” said one person familiar with Mr Sawan’s approach to investments in renewables. In a recent internal memo, he announced organisational changes that will result in a reduction in the number of executive vice-presidents responsible for the renewables and energy solutions business, according to people with knowledge of the plans. The possibility of renewed emphasis on fossil fuel production has sparked concern among European staff and questions about how the company would meet its obligations to slash emissions following a Dutch court’s landmark ruling against it in 2021, Shell employees said. But any shift back to oil and gas would be greeted by US staff with “cautious optimism”, one employee said. Shell remains one of the largest producers in the country and recently brought on stream a new deepwater platform in the Gulf of Mexico. Oswald Clint, a Bernstein analyst, said US investors “love the high returns potential with oil investing” and would welcome the company slowing its transition to renewables. “You’ve seen the playbook from BP ... so if he walks back that commentary a little bit it’s preaching to the converted.” |
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