Shell Share Discussion Threads

[maywillow] 06/1/2004 08:08

LONDON (AFX) - Royal Dutch/Shell Group said production has started at the
Princess field, with the wells flowing at a rate of 9,000 barrels of oil and 15
mln cubic feet of gas per day.
Peak production for the initial phase of development of the field, located
140 miles southeast of New Orleans in the Gulf of Mexico, is expected to reach
55,000 barrels of oil and 110 mln cubic feet of gas per day.
Total recovery for the project is estimated to be 175 mln barrels of oil
equivalent, Shell said.
Shell, through unit Shell Exploration & Production Co, is the operator of
the field with a 45 pct stake. Its partners include BP PLC, which holds a 23 pct
interest, ExxonMobil with 16 pct, and ConocoPhillips with 16 pct.
mbe/jc

[capercaillie] 03/1/2004 18:26

A panel of "experts" gave their tips in the Telegraph today. One named Shell specifically. Several declared oil as the best sector for 2004. Results due early Feb.

[hectorp] 03/1/2004 18:22

I see SHEL again featuring in the FT 'stars and dogs' list , 'tis a 'star', further to go ... I'm in fact about neutral at the moment on SHEL, anyhow,
I rarely touch Warrants with a bargepole, but the June04 400 calls have doubled from 2-4p quite recently. thats T342.
I only say this because, if going long options or warrants, the ITM warrant abvoe has a much better spread than the options.. of coure, the warrants are ina captive market... but if IV remails fairly much as is, the warrant is worth a look over a 2 -3 month period. AS FOR ME i'M STILL LARGELY LONG shel USING WRITTEN AND LONG OPTIONS.

[hectorp] 31/12/2003 19:07

31st Dec 03...
API report reveals hefty decline in crude stocks By Myra P. Saefong
SAN FRANCISCO (CBS.MW) -- The American Petroleum Institute said crude inventories for the week ended Dec. 26 dropped 8.3 million barrels to total 267.5 million. The figure compares to the 3.8 million-barrel fall reported by the Energy Department. Distillate inventories stood at 130.8 million barrels, up 100,000 barrels for the latest week, the API said. Gasoline stocks were up 1.6 million barrels at 202.8 million barrels last week

[capercaillie] 30/12/2003 08:55

Keeps heading in the right direction. Any views on when the profit takers will come in?

[ander] 23/12/2003 11:25

I decided to take my profit when it dropped to 408 although I am sure it will rise again soon.I really expected it to reach at least 415 before Christmas and possibly 423-425 come January.

[hectorp] 23/12/2003 09:51

Bit of weakness today, not surprising from the recent great run.
The prospect of $4B cash from disposals is sure tempting to hold on!
I suppose we may see a large buyback instigated too. However
if this falls more than two days running I may short.
H.

[waldron] 23/12/2003 05:53

overweight: some would say means taking an extra portion of christmas turkey and others would say, too many eggs in one basket.

[hectorp] 22/12/2003 19:30

Very tidy- especially with the worry about US crude inventories!
Not time to short yet.

[grupo guitarlumber] 22/12/2003 18:10

Extract from the Advfn news bulletinOn a quiet day for corporate news, Shell took the spotlight after the oil exploration and production giant said it expects after-tax profit on disposals to exceed 2 bln usd in the full year as proceeds came in well ahead of target.

In the full year, it estimates that up to 4 bln usd of cash has been generated from disposals, double its target of 2 bln usd.

The news sent the shares 3-1/4 pence higher to 410-1/4.

[ander] 22/12/2003 16:43

not a bad close,would have preferred 412, but not complaining!!

[hectorp] 22/12/2003 16:00

They may help some, but I don't much trust or believe in such analysts, who are too often in the pocket of the major firm they are reporting on or have an agenda of their own.
I stay long, further 10-20p rise to come IMO, don't know how fast, might take a few weeks not days, this is againts the chart.
H.

[ander] 22/12/2003 15:57

Waldron, what does it mean by 'overweight rating' and when they say 'target price'does that mean they think it should reach that.

[waldron] 22/12/2003 15:27

hope it helps

[ander] 22/12/2003 15:17

waldron..thanks for that information

[waldron] 22/12/2003 14:38

NEW YORK, December 22 (New Ratings) – Analyst Michael Mayer of Prudential Financial, in a research note published on December 19, reiterates his "overweight" rating on Shell Transport & Trading (SC). The target price has been raised to $42.


LONDON, November 28 (New Ratings) – Analysts at SG Cowen reiterate their "sell" rating on Royal Dutch/Shell (RD). The fair value is set to €38



LONDON, November 19 (New Ratings) - Analysts at SG Cowen reiterate their “sell” rating on Shell T&T (SHE1). The target price is set to 425p.


LONDON, November 7 (New Ratings) — Analysts at UBS maintain their "buy" rating on Shell (SHEL), while reducing their estimates for the company. The target price has been reduced to 450p

[waldron] 22/12/2003 14:30

still seems to be holding up well

[maywillow] 22/12/2003 12:01

things seem to be getting better everyday

[ander] 22/12/2003 11:00

waldron are these last two announcements good for shell share price.

[waldron] 22/12/2003 10:17

Over the past 2 years the Royal Dutch / Shell Group of Companies has engaged in
a focused programme of portfolio development and upgrading. In 2003 this has
led to several important announcements and milestones on future developments.
The upgrading programme has the objectives of improving the underlying return
on capital in the business, and re-deploying capital in alignment with the
stated strategic direction. 2003 has seen a series of actions in this
programme, including divestments, asset closures, country exits, cost
improvement programmes and asset re-structuring.

Total sales proceeds from divestments for the full year are expected to exceed
$4 billion of cash, well ahead of the initial expectation of around $2 billion,
reflecting the acceleration and successful delivery of the upgrading programme.

After tax profit on these sales exceeds $2 billion, expected to be slightly
below the total unusual charges during the year, including those detailed here.

The earnings in Q4 2003 are expected to include a net charge of around $820
million in addition to the previously announced $200 million charge for the
closure of Bakersfield refinery in California. This figure includes gains from
asset sales completed in Q4 2003. The majority of these charges are non-cash in
nature. None of these items will be treated as special. All amounts stated are
unaudited and approximate, and are subject to final quantification prior to
release of the formal earnings statement on February 5th 2004.

The Q4 2003 net charges in individual business sectors are expected to be
around $100 million for Exploration and Production, $400 million for Oil
Products - including the $200 million charge for Bakersfield, $450 million for
Chemicals and $70 million in the Other Industries and Corporate sectors.

The net impact on full year 2003 earnings of the overall upgrading programme,
together with impairment charges, is relatively immaterial at a Group level.
This is consistent with advice given in the Q3 results conference call held and
webcast on October 23rd 2003.

Notable development milestones announced in the quarter include

* Signature of the Heads of Agreement to construct the world's largest Gas to
Liquids plant in Qatar

* Start up of the major new deepwater Na Kika project in the Gulf of Mexico

* Agreement on cross border development projects in the UK and Norwegian
sectors of the North Sea, for the import of wet gas to the UK from
Statfjord and the final investment decision to develop the Ormen Lange
field to import gas to the UK

* Agreement to extend two production licence periods in Brunei for 19 years

* Signature of the agreement to explore for gas in the Kingdom of Saudi
Arabia

These achievements, together with the upgrading activities, continue to move
the portfolio in the stated strategic direction.

The Q4 results for 2003 for the Royal Dutch / Shell Group of Companies will be
released on Thursday 5th February 2004. This release will be followed by press
and investor conferences in London and The Hague. The investor meeting will be
broadcast on the Group website, which can be accessed at www.shell.com/investor
, and will also be accessible via a teleconference facility.

Further details for this event, including exact timings, will be announced
closer to the date.

The focus of the press and investor meetings will be financial results and
operational performance for Q4 2003 and the full year 2003. Where appropriate
an outlook for 2004 will be given.

To assist with preparations for the results announcement, listed below are some
of the main Shell website addresses, where key announcements made during the
last few months can be viewed.

1) Investor Relations News - www.shell.com/investornews

2) Shell Oil - www.countonshell.com

(for Press Releases select the option from the left hand navigation bar)

3) Shell Canada Oil Sands - www.shellcanada.com/code/products/oilsands/
dir_oilsands.html

For further information please contact:

Simon Henry [phone]

Gerard Paulides [phone]

Harold Hatchett [phone]



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