Shell Share Discussion Threads

[tuftymatt] 31/10/2022 12:33

Everything I read is about oil going up even if we go into a downturn / recession.
Stocks of oil are low / getting lower so that must lead to a price increase.

[adg] 31/10/2022 12:21

Lippy I genuinely think Shell will see north of 3000p in 2023 I’m sure of that 3500p + is possible depending what the newest nugget at the helm does (and depends on whatever crazy world events happen to happen also)

[lippy4] 31/10/2022 12:00

oh i wish!!!

[grupo] 31/10/2022 10:17

Berenberg raises Shell price target to 2,900 (2,800) pence - 'buy'

[adg] 31/10/2022 09:14

Fwiw - I think that Tomorrow BP will go up a good few % or go down a good few % - not gonna sit still that’s a given imvho…
Obviously no idea which but on the back of Shells profit warning then Q3 posted actual results and subsequent 5% rise then logic would dictate, (not that anything in this game is logical), that with BP not having issued any profit warning then the Q3 figures should be as expected or better and so be well received…̷0;… maybe a divi hike?, more buybacks too? - maybe great gas trading figures?
So on balance the likelihood is a good rise - so it’ll probably be a drop 😳

[xxxxxy] 29/10/2022 20:11

Fracking.... Hugo McEwen2 DAYS AGOAbsolute fracking disgrace.People will die of cold this winter because of irresponsible government environmental policies, middle class green fanatics and an international Western death wish.Oh, and incidentally, it's now beyond doubt that Vladimir Putin funded anti-fracking campaigns.You got played, you elitist morons, and everyone has to suffer the consequences... Daily Telegraph

[xxxxxy] 29/10/2022 20:06

Https://www.mauldineconomics.com/frontlinethoughts/turning-bullish-on-energy... Worth a read.

[lippy4] 29/10/2022 15:47

they dont know until they try it..

[pvb] 29/10/2022 13:01

xxxxxy 28 Oct '22 - 20:41 - 2918 of 2921

SIR – Rishi Sunak has reinstated the Government’s ban on fracking, so forming a political consensus with the Labour Party.

On Tuesday, after weeks of trying, I received a proposed electricity contract for a new business connection. The quoted rate was 90p per kWh. I declined it as unaffordable.

Perhaps politicians should speak to people who are trying to make a living.M

Yeah... 'cos fracking would instantly solve all our energy problems in the UK because, as any fule noes, Lancashire is Kansas. innit?

[lippy4] 28/10/2022 21:00

we are backwards on the road to before where we started the industrial revolution..

[xxxxxy] 28/10/2022 20:41

SIR – Rishi Sunak has reinstated the Government's ban on fracking, so forming a political consensus with the Labour Party.On Tuesday, after weeks of trying, I received a proposed electricity contract for a new business connection. The quoted rate was 90p per kWh. I declined it as unaffordable.Perhaps politicians should speak to people who are trying to make a living.Angus Collingwood-CameronGlanton, Northumberland... Daily Telegraph

[the white house] 28/10/2022 14:57

Poor old Ben cannot even remember the year he is due to hand the office key back

[geckotheglorious] 27/10/2022 19:56

Shell - shareholder pay-outs boosted despite dip in profits
Our view
Oil prices have come down from their summer highs and that's eating into Shell's margins. However although the group may not be printing money at the same rate it once was, times are still relatively buoyant.
Oil prices are elevated by historical standards - brent crude is trading at over $90 a barrel at the time of writing. That's compared to lows of about $19 during the height of the pandemic. This is helping Shell slice tens of billions off net debt, and fund capital expenditure into new gas fields as well as low carbon alternative fuels.

CEO Ben van Beurden is in the process of stepping down, which could mean there are changes in the pipeline. Wael Sawan, currently the head of the group's integrated gas and renewables division, will replace him.

Until now Shell's renewable strategy has been underpinned by a "wait and see" approach. With Sawan taking over, it's reasonable to expect that some clearer direction, and perhaps a more forward-thinking approach, are on the way.

Shell's committed to achieving net zero by 2050 - that means reducing the group's emissions as well as those that come from the products they sell. That will require significant investment in new technologies, or a further restructuring of the current business. About a third of its capital expenditure has been earmarked for investment in low and zero carbon products, which will rise to around half in 2025.

Despite likely tweaks to the strategy, Shell is probably going to be an oil and gas giant for decades. Our greatest concern is that oil & gas groups in general risk the fate suffered by tobacco companies. With investors turning their nose up at tobacco stocks at any price, valuations in the cigarette industry have sunk to what would ordinarily be considered unsustainable lows. We're not immediately concerned Shell will end up in the ethical waste bin. But projects to keep the group moving in the right direction risk eating into cash flows - especially as many of the newer technologies the industry is exploring are untested at a global scale.

Shell broke out its renewables division for the first time in the first quarter, and there's space to be cautiously optimistic. While the division is still heavily in the red, underlying profits have been moving in the right direction over the past 9 months. However a quarter on quarter stumble this time around means investors will have a close eye on this division moving forward. If it's to become part of Shell's growth engine in the future, it will need to be firmly in the black. This is still just a tiny drop in Shell's $7bn bucket, but if the group can nudge it into the black while oil prices are soaring it should ease the transition considerably.

Shell can afford to dabble in renewables. That is, as long as the oil price doesn't catch a cold. It's essential the group gets this project firmly on course while it's got a strong wind in its sails. That's easier said than done - volatility and oil prices go hand in hand, particularly with the ongoing geopolitical backdrop.

The prospective yield has come a long way since being slashed during the pandemic, a reflection of the improved balance sheet. With plenty of other demands though, growth might be thin on the ground and remember dividends are variable and not guaranteed. The price/earnings ratio is well below the long-term average, which reflects concerns that Shell's fortunes ultimately depend on something it can't control - oil prices. Even in a best-case scenario, its days of depending on the black stuff are ultimately limited.

[kkclimber56] 27/10/2022 17:48

Given they have such little activity in the uk these days i think there is a high probability of that happening

[supermarky] 27/10/2022 16:37

getting close to that 2500 /2600 area to have a little look to take some chips off the table here.

[the white house] 27/10/2022 16:32

Never SellShell

[spud] 27/10/2022 14:30

NK - Yup, that would be the sensible move and i'm sure the bean counters are crunching the numbers as we speak.

Banks (excluding HSBA who will drift off in the general direction of China) and big oil off to the US.

spud

[nk104] 27/10/2022 14:09

Shell and BP should be making plans to re-domicile in the event of a Labour victory on the basis of their stated plans.

No point being a sitting target.

[lippy4] 27/10/2022 13:48

and pharma's as well who have made loads of dosh..

[acsatix] 27/10/2022 13:34

the topic of windfall tax is not clear cut: if you tax shell for worldwide profits with windfall tax it is not acceptable as then other countries will want a share of it (proportionally to the resources shell takes from those countries and profits). if you however tax virtually all UK profits the result is UK energy security is compromised as companies do not want to do business in UK. this did not escape the smart folks that now propose a tax on dividends (but then ISA/SIPPS become taxed? ) or on buyback... (but then why just tax oil companies buybacks and not apple or other companies that made money during COVID?

[geckotheglorious] 27/10/2022 12:54

Spud,
Taiwan is going to make Ukraine look a walk in the park.
US cant let China take "Chip central" so it'll be outright war UNTIL the US has repatriated chip manufacturing capabilities/tech to the USA, then it will let Taiwan fall....