Shell Share Discussion Threads

[pj84] 17/6/2024 15:57

Why this Euro equity chief is backing big energy in net-zero push.

[geckotheglorious] 17/6/2024 13:41

Snap Hopefulalways.
Where is better - hard to say. Every country has its issues and this "Global Control/Authoritarianism a la WEF/EU/UN is everywhere.

[hopefulalways] 16/6/2024 09:50

Seriously thinking of moving the majority of my investment abroad.
What would be my problems?

I'd be very happy with UK listed companies moving to the USA as I am familiar with them, it serves parliament right for there actions which I've already suffered myself with my HBR holding.

After this weeks confessions on here of Thatcher/Tory supporters I confess as well.

If I were younger I would move country, but where is better.

All ready decided to vote Reform, I can't vote for a party that has done nothing, hit no targets for so many years as it would be endorsing what they have not done and I'm not voting for armageddon either, although unfortunately its coming!

[bargainsniper] 15/6/2024 17:40

Labour is planning more than 60 increases to regulation which would saddle businesses with tens of billions of additional costs, an analysis suggests.The Institute for Economic Affairs (IEA) said Labour would increase red tape across a swathe of areas from accelerating the ban on petrol cars to imposing energy efficiency standards in rented homes, In a briefing shared with The Telegraph, the IEA said that the manifestos of the two main parties propose "expansive regulatory measures". But while there has been "significant public discussion" about each party's tax and spending measures, it said there had been "a lack of scrutiny regarding the business impact of proposed regulatory changes".

[the white house] 14/6/2024 15:22

6 day on the bounce US oil shares down & off here 20p from morning highs daily from US selling pressure despite Brent above 80 & upI think the HQ and shares will be rightly London based from another 150 years...

[xxxxxy] 14/6/2024 15:02

Perhaps also need to consider an outright Reform win...

[jrphoenixw2] 13/6/2024 19:36

The DT might very historically be more aligned with the Tories than others, but presently the Conservatives are more Lib-Dem than Tory, by far. Hence presently the DT is being pro-liberal under a blue flag.
If the DT were being conservative, another question altogether, it would be pro-Reform, waaaay more conservative than the Conservatives. It's not though, it's actually painting them as a distraction, a pointless protest and a wasted vote creating a open door for Labour.

In short, the DT seems to be shifting in line with the perceived bulk Conservative target vote. AND likely losing any of their remaining more loyal long-time supporters along the way. This is why they will crash and burn, and Labour just need to sit this out and watch it unfold.

The only way back for Sunak (IMHO) right now, is an alliance with Reform. But Sunak's pride will never accept that until perhaps inevitable at the last minute. Meanwhile he spaffs off little tax 'giveaways' (future costs) at the target voter groups de jour.

It's Blairite-esque, but over-clever for Sunak to pull off. The sad thing is that this Tory shambles failing = Labour comes in and then it's a green light to them sin taxing, O+G, banks, and what ever else they declare is not sufficiently 'socially virtuous'. ----> 'Tin-hats on' approaches....

[holts] 13/6/2024 17:19

Me three , but really they are bonkers , you really couldn’t blame Shell for getting on their bike , the current Conservatives are moronic but Labour are trying hard to top them in advance .

[geckotheglorious] 13/6/2024 09:51

Pete160
Post 4861
Agreed.
Similarly a Thatcher Tory too!

[pete160] 12/6/2024 22:52

I would take anything from the DT with a large pinch of salt. They are absolutely rabid at the moment, more so than usual, and seem to be the chief cheerleaders for the Tories (current) Project Fear.(and I'm a Thatcher tory!)

[the white house] 12/6/2024 22:28

7m share offload today £191m. 2m a day buyback cannot cope with those numbers unfortunately & pound rising & inventory increase in US & misleading IEA on strong supply data equals temp weakness.

[jrphoenixw2] 12/6/2024 09:03

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
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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’s energy policy is a mess,” she said in a tweet. “Their proposal to ban new oil and gas licences was tried in New Zealand. They struggled to keep the lights on and have now had to reverse it. Climate policy can’t come at the cost of our energy security or it will fail.” Sir Keir Starmer has, however, repeatedly made clear his party’s determination to move on from fossil fuels. The end of oil and gas extraction “has to happen eventually” and the “moment for decisive action is now” he said in a speech last year.

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 “laughableR21; to blame New Zealand’s energy problems on the ban on new exploration licences. “The real lesson for the UK from New Zealand’s experience is the need to accelerate the roll-out of homegrown renewable energy,” Khan says. “Banning new licensing provides a clear signal to the oil and gas industry that the UK government is serious about the transition and that companies now need to deliver on their long-advertised clean energy promises.”

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’s plan to make the UK a clean energy superpower will reduce the UKs dependence on imported energy, as we increase the percentage of British renewable and nuclear power in our energy mix.”

[Telegraph, today]

[xxxxxy] 12/6/2024 08:33

Politicians are STUPID.

[the white house] 11/6/2024 12:15

Natural Gas up 5pc AGAIN and on course for up 9 weeks of last 11 since start of Q. Good for Sales AND trading team. Brent back above 81 after a short wobble, all points to a strong Q with 5/6ths in the bag

[anhar] 11/6/2024 09:32

Sterling value of Q1 divi US 34.4¢ announced yesterday: 26.94p payable on 24 June.

[xxxxxy] 09/6/2024 15:37

Mark F Nowland7 HRS AGOSick of the phrase 'cheap energy'. It's an outright lie. If it was then it wouldn't need billions in subsidies. The real 'cheap energy' is oil and gas.Phillip Bratby6 HRS AGOAnd coal, which is why the Chinese have over a thousand coal-fired power stations and are building more.... Daily Telegraph

[growthpotential] 07/6/2024 21:36

I am also going to put some of my monthly savings (aged 37) into shell :)

[chiefbrody] 07/6/2024 16:28

At these levels the boss man will probably increase the buyback before a div increase.

[spud] 07/6/2024 16:26

On a giddy 3.8% yield with 2.9x cover - Come on guys, you can do a deal better than this!!

spud

[chiefbrody] 07/6/2024 15:17

Added more long term at 27.30. The longer the share price stays in the 20's the more change Shell will leave the FTSE dog behind.

[growthpotential] 06/6/2024 16:54

Thanks guys, and I agree. Of course, I want to see lower pollution and a decent chunk of the energy mix from renewables but a total move away from oil/gas is just not feasible. Also think shell will become an energy conglomerate and diversified enough to prosper no matter what the energy mix is

[hellscream] 06/6/2024 16:24

pound gaining strengh just in time of our dividend... not much luck atm.

dont mind the share price being this price, good value.

[xxxxxy] 06/6/2024 15:59

Daily Telegraph