Shell Share Discussion Threads

[lavagrouch] 05/9/2003 22:49

Excuse my ignorance and apologies if this has been coverered elsewhere but, bearing in mind the relationship between Shell & Royal Dutch why should one go down 0.2% on the day and the other up 0.2%. I can understand currency fluctuations may explain some of this, can anybody explain other factors to cause this? Thanks.

[waldron] 03/9/2003 19:40

then Go for BP ,Total or one of the 5 sisters if you wish excitement.

[khaines] 03/9/2003 19:30

I was told I should get some oil shares in my portfolio but these are really boring

[waldron] 02/9/2003 06:53

LONDON (AFX) - Royal Dutch/Shell Group said it is looking to revive its
alliance with Gazprom, Russia's partly state-owned gas monopoly, to explore gas
fields and collaborate in pipeline projects, the Financial Times reported.
The newspaper quoted chairman Philip Watts as saying: "I hope that in the
fullness of time Shell will be involved in the upstream gas field development
and also in the transportation infrastructure."
He said Shell is particularly interested in the exploration of the
Zapolyarnoe gas field, one of the largest in Russia.
He was speaking following a meeting with President Vladimir Putin.
He indicated Shell's readiness to move beyond its existing projects in
Russia but refrained from giving his support for a northern pipeline project to
export gas to north-west Europe which Putin has been trying to promote, the FT
added.
[e-mail]
jms

[grupo guitarlumber] 31/8/2003 18:08

MUSCAT (AFX) - Oman's top oil company Petroleum Development Oman (PDO) will
invest around 2 bln usd to expand its gas production operation over the next
five years, managing director John Malcolm said.
PDO produces almost 90 pct of Oman's total crude output. It is 60 pct owned
by the government, while Royal Dutch/Shell has 34 pct, Total 4 pct and Partex 2
pct.
Malcolm said the project was the company's "biggest outlay" in its gas
business portfolio since developing a huge gas-processing plant at Saih Rawl,
central Oman.
That plant provides feedback to the 2 bln usd liquefied natural gas (LNG)
plant in Sur, in the Sharkiya region.
"This investment will enable us to build a third processing facility and a
new 48-inch pipeline to Sur," he said.
"It will also require the rapid development of the newly discovered gas
fields of central Oman."
Oman, a small non-OPEC oil producer, is said to have proven gas reserves of
around 660 mln cubic metres, with potential reserves more than double that
figure.
str/fm/lg/ps/ak

[waldron] 20/8/2003 16:15

Into the East China Sea

[ariane] 20/8/2003 10:50

LONDON (AFX) - Royal Dutch/Shell Group said its liquefied natural gas
project in Mexico has secured the approval of government.
Mexico's Energy Regulatory Commission awarded the permit to Shell which has
proposed to build the LNG terminal in Costa Azul, 23 kilometres north of the
city of Ensenada on the west coast of Mexico.
The facility will have a capacity of 7.5 mln tonnes per annum, equivalent to
one billion standard cubic feet of gas per day.
It is scheduled to begin operations in 2007.
Shell said it is looking at several potential sources of LNG supply to the
terminal.
The LNG will be transported through a new gas pipeline that links up with
the existing gas infrastructure in the north of Baja, California.
The gas would be sold to power plants, industrial customers and major
utilities in the north west of Mexico and southern California in the US, Shell
said.
mbe/bam

[ariane] 19/8/2003 08:48

SHANGHAI (AFX-ASIA) - China Petroleum & Chemical Corp (Sinopec) (SH A
600028; HK 0386; NYSE SNP) and Royal Dutch/Shell Group (NYSE RD) have secured
approval from the State Council, China's cabinet, for a feasibility study of
their 200 mln usd gas station joint venture, moving one step closer to receiving
a final license, an official with Sinopec's Jiangsu subsidiary said.
"The State Council has approved our feasibility study for the joint venture,
paving the way for us to press ahead with the project," the official, surnamed
Li, said.
The joint venture is expected to result in the establishment of 500 service
stations over the next three years in the eastern Chinese province of Jiangsu,
making Shell the first foreign oil company to receive formal approval to enter
China's potentially lucrative retail market for oil products.
Li added that Sinopec and its partner are now preparing to file documents to
China's Ministry of Commerce for the establishment of the venture, in which
Sinopec will hold a 60 pct stake. The companies have said in the past that they
plan to expand to 1,000 gas stations if the venture is successful.
China pledged to open its oil retail market three years after its entry to
the World Trade Organization in 2001, while the country's wholesale oil market
is expected to be fully opened by 2005.
BP plc (NYSE BP), Exxon Mobil Corp (NASDAQ XOM) and Shell, through taking
strategic stakes in the Chinese oil majors at the time of their overseas
listings, have sidestepped current restrictions to operate gas station networks
ahead of the market opening.
But Shell is the first of the foreign oil giants to receive official
approval for entry into the retail sector. BP is still waiting for approval for
a feasibility study for a gas station joint venture with Sinopec in which it
will hold a 40 pct stake.
BP is also awaiting approval for a feasibility study for the expansion of an
existing gas station joint venture with China's largest oil producer PetroChina
Co Ltd (HK 0857; NYSE PTR). BP is seeking to expand its 366-strong gas station
network in China's southern Guangdong province to 500 stations, said BP China
spokesman Michael Zhao.
The gas stations had been managed solely by PetroChina, before
responsibility passed to the joint venture two years ago. The venture has
received local government approval, but not that of the State Council.
At the same time, BP plans to invest a total of 2.19 bln yuan to set up 500
gas stations along with PetroChina's rival Sinopec in Zhejiang province within
three years.
As well as forging joint venture agreements with foreign companies, Sinopec
and PetroChina have also been preparing to compete with them. Over the past two
years they have been aggressively acquiring assets of gas stations owned by
local authorities.
With the government looking to rationalize a chaotic retail market, only
Sinopec and PetroChina have been permitted to build new gas stations since June
2001. Gas stations not owned by either of the two have been forced out of
business for reasons ranging from a lack of required paperwork to selling poor
quality oil products from small unlicensed refineries.
Currently, PetroChina owns 13,868 gas stations in China, and Sinopec 28,894.
The two companies together control half of the country's total gas stations,
with private companies and local governments in control of the other half.

(1 usd = 8.3 yuan)
sam/dw/hw/ng

[ariane] 19/8/2003 08:40

(Updating to add details)
TOKYO (AFX-ASIA) - Showa Shell Sekiyu KK, a Japanese unit of Royal
Dutch/Shell Group, said it posted first half to June net profit of 9.30 bln yen,
down 0.5 pct year-on-year, due to a surge in product costs as a result of
changes to the accounting treatment of its inventories last year.
In the first half, the company earned operating profit of 18.03 bln yen,
down 8.5 pct year-on-year, and current profit of 17.8 bln yen, down 18.3 pct, on
revenue of 876.67 bln yen, up 12.6 pct year-on-year.
The oil distributor said on a current cost of supply (CCS) basis, which
excludes the financial impact of inventory assessment, net profit was 17.5 bln
yen, up 26.9 pct year-on-year.
According to the financial statement, inventories rose to 134.1 bln yen at
the end of June, 2003, compared with 121.7 bln yen at the end of June 2002.
As a result, the oil division made an operating profit of 16.5 bln yen, down
from 18.1 bln yen a year earlier.
Despite the apparent profit tumble, Showa Shell pointed to the brisk sales
trend of its oil and refined oil products, with sales of the oil product
division jumping 31.9 pct year-on-year to 324.4 bln yen in the first half.
But, the company stressed the progress in cost-cutting efforts, with sales,
general and administration cost falling to 7.0 pct of first half revenue from
7.9 pct a year earlier.
To achieve more efficient operations, Showa Shell said it will "pursue" the
possibility of forming business partnerships with firms other than Japan Energy.
The company is already in a business partnership with Japan Energy in the field
of crude oil processing, procurement and distribution.
Citing the brisk performance of real term profit, or CCS-based profit, in
the first half, Showa Shell said it now forecasts a full year to December net
profit of 18 bln yen and current profit of 35 bln yen on revenue of 1.71 trln
yen, higher than the previous estimate of a 16 bln yen net profit and a 30 bln
yen current profit on revenue of 1.65 trln yen.
The latest forecast assumes that the dollar will average 120 yen and average
crude oil prices will be 25.5 usd per barrel.
[e-mail]
ys/ng

[ariane] 19/8/2003 04:52

China: Petrol Stations

[hectorp] 18/8/2003 23:04

SHEL looked bullish last week.... will it pause now and run up over 420, or fall back to 390 region again?
Still think we will test 420 this week.

[grupo guitarlumber] 13/8/2003 12:45

SHANGHAI (AFX-ASIA) - PetroChina Co Ltd is considering dumping a consortium
of foreign partners led by Royal/Dutch Shell and going it alone on the 8 bln usd
financing of its west to east gas pipeline, the official People's Daily said on
its website, citing an unnamed source close to the project.
After more than a year of talks, PetroChina and the foreign interests remain
at odds on the rate of return of the project, the report said.
"If the deal cannot be finalized by the end of this year when the east
section of the pipeline starts formal operation, PetroChina may proceed with the
project itself," it quoted the source as saying.
"The negotiations are now in a stalemate. The foreign side has asked the
Chinese side to guarantee a 15 percent return on investment, which the Chinese
side can't do since each project has its risks."
Under a framework agreement signed in July 2002, PetroChina owns half of the
4,000 kilometre pipeline to pump gas from China's western Xinjiang to its
energy-hungry eastern cities.
Shell, Exxon Mobil and Russia's Gazprom each hold 15 pct, while Chinese
refiner Sinopec holds a 5 pct stake. A Sinopec spokesman said there is no change
in the company's participation in the trunkline so far.
PetroChina plans to start pumping gas into the eastern section of the line
from Jingbian in north Shaanxi province to Shanghai in October, with formal
operation scheduled to begin at the end of the year.
Foreign worries have centred on the final selling price of the gas to
domestic and industrial users and whether high prices will scare away potential
buyers.
PetroChina has yet to secure a single supply contract for the gas, the
report said.
According to the Energy Bureau under China's State Development and Reform
Commission, the government is at work on a new pricing plan aimed at satisfying
power plants, which would likely help break the deadlock.
"Once the new gas price plan is put forward, we expect to see major
breakthroughs," an Energy Bureau official said.
"The new price plan has improved upon the original one after consulting
different parties. It's a carefully deliberated plan."
Power generators, which account for about one-third of China's gas market,
proposed that peak tariffs should be at three to five times non-peak charges.
The government is expected to issue the new pricing plan before the pipeline
goes online, the report said.
bms/mp/dv/rc

[hectorp] 12/8/2003 09:58

Morning Mr Burns,
think I know you from another thread! anyhow,
I am still short the 390 puts for Sept, so they could expire valueless, and will write the 420 calls as soon as SHEL looks to be topping / wait for the start of fade-off anowhere from 418p upwards.
cheers
Hector

[monty burns] 11/8/2003 12:35

Just sold my longs from 389 and 386. Goes ex-divi on Wednesday, can't be doing with complicating the spreadsheet with the divis!

It does look strong and I may well have sold too soon - there is still a trading gap with BP over the last few months and if anything BP is more risky than SHEL in terms of safety of profits.

[hectorp] 11/8/2003 12:25

The stock looks strong, and is now up at 411. broker upgrade last week too.
I hold the CALLS in the stock.
See also the thread 'opts' for the traded options discussions.

[maywillow] 08/8/2003 15:38

(Repeating to clarify second paragraph)
SAO PAULO (AFX) - Ultrapar Participacoes SA said it has acquired the
liquefied petroleum gas operations of Shell Brazil, a unit of Royal Dutch/Shell
Group, for 170.6 mln reals.
Ultrapar said in a statement that it acquired the LPG distribution
operations of Shell, as well as 100 pct of the shares of Shell Gas, plus its
debt.
According to Ultrapar, Shell Brazil has a 4.5 pct share of the LPG
distribution market.
[e-mail]
jmp/kl/kl

[ashtongray] 02/8/2003 20:03

CBL

I congratulate you on your good taste in coming to Cornwall. The weather forecast for the coming week is excellent.

Looking to buy SHEL at this price level next week. It does appear more compelling value than BP. at 385.

[enochthenocker] 02/8/2003 09:58

Shell may bid £6bn for rival
1 August 2003, This Is Money

ROYAL Dutch/Shell is thought to be considering a $10bn (£6.2bn) bid for Texas oil producer Anadarko Petroleum if, as expected, the American firm puts itself on the auction block.......

......While Anadarko yesterday reported second-quarter net* profit up 26% at $301m, the result comes on the back of aggressive cost-cutting considered by many to be preparation for a sale.

[catherinebl] 01/8/2003 20:47

Monty

I missed out too, left at 97 after spike jitters following the 96 - 86 swing previous week, unfortunate, but c'est la vie, LGEN seems to have held well at its new 100 platform.

After the anguish in the seventies, and then the eighties, I hovered on Weds at 96 and couldn't do it......!

Instead went back to 'Prudence' at 4-09ish and blasted the balance of 80k into SHEL, BB. & XTA.

Again I (touching wood of course), have no short term fears for BB. & SHEL, but XTA has surprised me in the 'killing fields' today.

It's BB is barren apart from the sage who predicted £4-40 by close today.

I think I'll search for him/her elsewhere.

All the best Monty.

Catherine

[monty burns] 01/8/2003 09:21

Well, here mainly 'cos I missed out on LGEN's rise to 100, having bailed a fair bit lower on expectations of a pull-back, which did come, but I missed it - too busy with the day job. Ah well.

Trying to do much the same with this - trade a safe-ish share at a reasonable valuation, with plenty of patience. If necessary, can buy a lot more lower down, but only by selling other stuff in the portfolio, so happy for the moment to wait and see. If it goes down, I'll buy more if it goes up I'll sell some or all and wait. Like you say, can leave this alone without constant monitoring.

See a number of shares I follow have made big gains lately (DEB, WMPY, RWA, DLAR) none of which I was involved in. Instead I am heavily committed to 1 other share (TRN) which is drifting down.

Fabulous.........

[birthofthecool] 31/7/2003 23:19

Monty,

How can Nigeria get by without Shell? Its ugly some times but Shell will prevail?

[catherinebl] 31/7/2003 20:39

Monty

Fancy meeting you here!

Like minds.

In at 3-87. Same reason.

Weighted, factored or not, great bet for up side £4 short term & will 'carry' the divi.

Off to Cornwall shortly - & won't be checking SHEL if not departed.

Best Regards

CBL

[monty burns] 31/7/2003 07:47

Bit of an opportunity opening up here?


The downgrade seems to have done its job in taking the price down - I loaded up yesterday and today at 386 and 389. I'm hoping that the selling precipated by the downgrade will be tailing off now. As ever, if I get stuck, a 4%+ divi ain't bad until things pick up - which they will in due course.

With BP off into the Wild East that is Russia, SHEL looks a lot safer, Nigeria not withstanding.




or, even more starkly, maybe with a volume peak yesterday: