Shell Share Discussion Threads

[aleman] 07/6/2022 12:06

Crack spread hits $60. It was $5 at the end of 2019.

[xxxxxy] 07/6/2022 11:38

I do so totally agree.

[supermarky] 07/6/2022 10:48

the share price looks like it is about to break higher again to me

[xxxxxy] 07/6/2022 07:02

 UK is producing almost a fifth more gas than last year, boosting efforts to wean the country and its European neighbours off Russian energy.  Production of gas in Norway has also climbed 10pc year-on-year, according to Bloomberg data analysed by Bank of America. North Sea drillers in British waters have produced 17pc more gas so far in 2022 than in the same period last year.UK production in early June is running at almost 100m cubic metres (mcm) per day, after falling to 40mcm last summer.Bank of America analysts said UK production had recovered from a "horrific" 2021 following a collapse in prices one year earlier and tougher environmental rules.... Daily Telegraph

[xxxxxy] 07/6/2022 06:59

DIY investors have started to abandon Britain's largest oil and gas companies ahead of the Chancellor's windfall tax.Shares in oil giants Shell and BP were among the most sold last month by small investors on three of Britain's largest stockbrokers, reflecting investors' fears over the consequences of a tax raid. Popular dividend-paying companies could be forced to trim their shareholder payouts to offset higher duties on their profits, experts have warned.Last month Rishi Sunak announced plans to hit oil and gas companies with a 25pc windfall tax to help households meet the cost of surging energy bills. The "temporary" measure could last up to three years, the Chancellor said. Dividend stalwarts Shell and BP were the two most sold shares in May, according to stockbroker AJ Bell. The two stocks were also among the most ditched by investors using brokers Hargreaves Lansdown and Interactive Investor.... Daily Telegraph

[steve73] 07/6/2022 06:39

adg... 1807.. Interesting. I've seen nothing reported elsewhere, in fact Hungary hardly get's any mentions anywhere..

[xxxxxy] 06/6/2022 15:41

BlackRock's chief executive has warned it will not act as "the environmental police" in the latest sign the asset manager is shying away from green activism.Larry Fink, head of the world's largest money manager, said that it is wrong to ask the private sector to ensure that the companies they invest in are doing their part to combat climate change.In an interview with Bloomberg TV, he said: "I don't want to be the environmental police."Mr Fink's comments represent a significant u-turn for BlackRock which has been at the forefront of Wall Street's push to focus on environmental, social and governance (ESG) investing.It comes after the asset manager warned last month that it will vote against most shareholder resolutions on climate change this year as they are too extreme.The company said it was concerned about proposals to stop financing fossil fuel companies, including forcing them to decommission assets and setting absolute targets for reducing emissions in their supply chains.  In January 2020, Mr Fink said "climate risk is investment risk" as he positioned BlackRock as a leader in ESG investing. He also warned that climate change posed the biggest ever risk to financial markets.Mr Fink said: "Climate change is different. Even if only a fraction of the projected impacts is realised, this is a much more structural, long-term crisis. Companies, investors, and governments must prepare for a significant reallocation of capital."Blackrock has ballooned to manage more than $10 trillion (£7.3 trillion) in assets, giving the company significant stakes and influence in many of the world's largest corporations.The decision to distance itself from "prescriptive" climate change policies comes as institutional investors face criticism for allegedly pushing political agendas.However, BlackRock has been a target of criticism from both climate activists and those who promote a more gradual transition to green energy.In Texas, the asset manager has denied suggestions by state officials that it boycotts fossil-fuel companies through its advocacy for sustainable investing.In recent months, the asset manager has said that Russia's invasion of Ukraine has impacted the transition to net-zero, adding that short-term investment in traditional energy sources is now required to boost security..... Daily Telegraph

[waldron] 06/6/2022 10:58

Saudi Aramco Raises Oil Prices for Asian, European Buyers
06 June 2022 - 11:57AM
Dow Jones News


By Will Horner



Saudi Arabia raised prices of its crude oil exports to Asia and Europe for the month of July, even as the Organization of Petroleum Exporting Countries prepares to increase its output during the next two months.

Saudi Arabian Oil Co., the nation's state-run oil company, increased the price of its benchmark Arab Light crude by $2.10 a barrel for Asian buyers.

The company, known as Saudi Aramco, added $2.20 a barrel for consumers in Northern Europe, and $2.00 a barrel for buyers in the Mediterranean. Prices for the U.S. market remained unchanged.

These changes mean, in July, Asian consumers will pay a $6.50 premium for the company's crude oil over the average of the Oman and Dubai benchmarks at the time.

In Northern Europe and the Mediterranean, consumers will now pay a $4.30 and $3.90 premium a barrel compared with the ICE Brent oil benchmark.

The price hike comes despite OPEC and its allies--known collectively as OPEC+--last week deciding to increase its total output in July and August by 648,000 barrels a day. Saudi Arabia is a leading member of OPEC.

Despite the increase, the oil market is expected to remain tight, as the war in Ukraine continues to disrupt global energy shipments and demand for oil continues to recover, Vivek Dhar, an analyst at the Commonwealth Bank Australia, said in a note to clients.

"While that increase is sorely needed, it falls short of demand growth expectations, especially with [the European Union's] partial ban on Russian oil imports also factored in," he added.



Write to Will Horner at [e-mail]



(END) Dow Jones Newswires

June 06, 2022 05:42 ET (09:42 GMT)

[micos] 06/6/2022 09:28

Thank you both for your input

[supermarky] 06/6/2022 09:27

My target is 2500 and re-assess at that point.

[frederickbloggs] 06/6/2022 09:14

Probably because it's a tax on UK production and in the overall scheme of things Shell has mot a lot of UK production anymore. I have no idea of the numbers, but I would hazard a guess that UK oil and gas is less than 10% of Shell's global production?

[adg] 06/6/2022 08:50

I actually think that the “windfall tax” was not much of a blow to the likes of shell and bp as the UK exposure and development clawback made the impact less painful - I guess that the companies would have been in discussion with HMG prior to the news being released. USA talking about it now I see…..
The tax that will be raised form UK O&G companies directly and indirectly (fuel duties/VAT etc) will be record breaking in 2022 - unless you are a successful trader I would think it prudent holding on to shell & bp for a few quarters yet (no advice intended) - that’s what I am doing - adjusting my targets/expectations month on month with an exit strategy firmly in mind.
Thus far my past years quarter on quarter targets have been met or exceeded - fwiw in my opinion I’m expecting shell hitting 2600 to 2700 and bp hitting 480 to 500 within the next 3 to 4 months

[micos] 06/6/2022 08:32

I'll never understannd the market. After windfall paymennts were announced I expected those involved to lose value. Shell looks like it's heading for an all time high. Any explanation is welcome.

[xxxxxy] 06/6/2022 06:32

John Redwood@johnredwoodJohn Kerry tells the world to use less coal. Is he going to negotiate that with China and India who plan to use more this decade? How will he change their plans and close all that coal based plant?6:38 am · 6 Jun 2022·Twitter Web App

[xxxxxy] 03/6/2022 11:22

Musk..... IAN GILL18 MIN AGOSomeone telling it like it is.It isn't "super complicated " unless you are the dim witted Chancellor of The Exchequer... Daily Telegraph

[xxxxxy] 03/6/2022 11:17

Mind you....Think.... Musk for President.

[spud] 03/6/2022 10:42

Well my Model 3 delivery date has been bought forward 4 months to November. Make of that what you will. spud