Shell Share Discussion Threads

[sarkasm] 07/12/2016 09:50

GOOGLE TRANSLATION FROM FRENCH

Published on 07/12/2016 at 09h51

(Boursier.com) - If BP remains the preferred value of Barclays in the petroleum sector in Europe, the analyst also appreciates Total, whose target price was raised this morning from 55 to 56.50 euros. The consulting firm estimates that after a period of strong investment in the first part of the decade, the French oil major is clearly now in harvest mode of the efforts made, taking advantage of high margin projects and its efficiency program internal. Despite a difficult macroeconomic environment, progress in results will be visible by 2020, according to the specialist, who believes that the group will be able to continue to reduce its break-even ratio compared to oil prices.

[grupo guitarlumber] 07/12/2016 07:08

Royal Dutch Shell should be preferred over BP, says Deutsche Bank
10:06 06 Dec 2016
Analyst Lucas Hermann said the risk-reward ratio is already favourable for Shell.
Shell logo
DB set a price target of £24.50 a share

An influential City oil team favours Royal Dutch Shell Plc (LON:RDSA) above BP Plc (LON:BP) in the hunt for value among the majors.

Number-one rated Deutsche Bank says the decision by the major producing nations to rein back output only strengthens the ‘buy’ case for the Anglo-Dutch giant.

It set a price target of £24.50 a share and is a fan of the 6% dividend yield.

Analyst Lucas Hermann said the risk-reward ratio is already favourable, adding he is heartened at the way the company’s disposal programme is going.

“Given the depth and quality of the Shell resource base the questions has never really been the potential for tomorrow’s portfolio; rather the extent to which legacy might hold it back,” the Deutsche number cruncher said in a note to clients.

“With a greater dependence on the macro than peer both to balance its cash flows and heal an ailing balance sheet, OPEC support for commodity pricing can, in our opinion, only aid the investment case. Sure there is much to be done both to slim down and to repair.”

BP, by contrast, is weighed down by the continued financial fall-out from the Deepwater Horizon disaster, referred to by the City as Macondo.

Restating his ‘hold’ advice and 506p target price, Hermann said: “Where the portfolio feels more robust, ongoing large Macondo payments continue to eat into cash flow.

“Transient perhaps but until we see their moderation concerns on the BP cash cycle look set to remain.”

The Square Mile is split on the outlook for BP. Of the 15 analysts logged as following the stock, nine are ‘buyers’. The remainder are in Deutsche’s camp as holding ‘neutral’; recommendations.

For Shell, the picture is markedly different. Ten out of 12 analysts are positive on the shares, while one is a ‘sell’ and another ‘neutral’;.
Ian_55ae0ddd437b7.jpg
Ian Lyall

[grupo guitarlumber] 07/12/2016 07:06

Royal Dutch Shell should be preferred over BP, says Deutsche Bank
10:06 06 Dec 2016
Analyst Lucas Hermann said the risk-reward ratio is already favourable for Shell.
Shell logo
DB set a price target of £24.50 a share

An influential City oil team favours Royal Dutch Shell Plc (LON:RDSA) above BP Plc (LON:BP) in the hunt for value among the majors.

Number-one rated Deutsche Bank says the decision by the major producing nations to rein back output only strengthens the ‘buy’ case for the Anglo-Dutch giant.

It set a price target of £24.50 a share and is a fan of the 6% dividend yield.

Analyst Lucas Hermann said the risk-reward ratio is already favourable, adding he is heartened at the way the company’s disposal programme is going.

“Given the depth and quality of the Shell resource base the questions has never really been the potential for tomorrow’s portfolio; rather the extent to which legacy might hold it back,” the Deutsche number cruncher said in a note to clients.

“With a greater dependence on the macro than peer both to balance its cash flows and heal an ailing balance sheet, OPEC support for commodity pricing can, in our opinion, only aid the investment case. Sure there is much to be done both to slim down and to repair.”

BP, by contrast, is weighed down by the continued financial fall-out from the Deepwater Horizon disaster, referred to by the City as Macondo.

Restating his ‘hold’ advice and 506p target price, Hermann said: “Where the portfolio feels more robust, ongoing large Macondo payments continue to eat into cash flow.

“Transient perhaps but until we see their moderation concerns on the BP cash cycle look set to remain.”

The Square Mile is split on the outlook for BP. Of the 15 analysts logged as following the stock, nine are ‘buyers’. The remainder are in Deutsche’s camp as holding ‘neutral’; recommendations.

For Shell, the picture is markedly different. Ten out of 12 analysts are positive on the shares, while one is a ‘sell’ and another ‘neutral’;.
Ian_55ae0ddd437b7.jpg
Ian Lyall

[grupo guitarlumber] 02/12/2016 22:34

02 Feb 2017
Fourth quarter 2016 results
04 May 2017
First quarter 2017 results
27 Jul 2017
Second quarter 2017 results
02 Nov 2017
Third quarter 2017 results

[the grumpy old men] 02/12/2016 19:52

Royal Dutch Shell plc Third Quarter 2016 Euro and GBP Equivalent Dividend Payments

News provided by
Royal Dutch Shell plc

Dec 02, 2016, 12:31 ET

Share this article

THE HAGUE, Netherlands, December 2, 2016 /PRNewswire/ --

The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2016 interim dividend, which was announced on November 1, 2016 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euro at the rate of €0.4413 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by November 25, 2016 will be entitled to a dividend of 37.16p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 37.16p per B Share. Holders of B Shares who have validly submitted euro currency elections by November 25, 2016 will be entitled to a dividend of €0.4413 per B Share.

This dividend will be payable on December 16, 2016 to those members whose names were on the Register of Members on November 11, 2016.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which will be formalized in law), and depending on their particular circumstances, non-Dutch shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax.

Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit has been abolished, and a new tax free dividend allowance of £5,000 introduced. Dividend income in excess of the allowance will be taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.

If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

[the grumpy old men] 02/12/2016 19:51

Royal Dutch Shell plc Third Quarter 2016 Euro and GBP Equivalent Dividend Payments

News provided by
Royal Dutch Shell plc

Dec 02, 2016, 12:31 ET

Share this article

THE HAGUE, Netherlands, December 2, 2016 /PRNewswire/ --

The Board of Royal Dutch Shell plc ("RDS") (NYSE: RDS.A) (NYSE: RDS.B) today announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2016 interim dividend, which was announced on November 1, 2016 at US$0.47 per A ordinary share ("A Share") and B ordinary share ("B Share").

Dividends on A Shares will be paid, by default, in euro at the rate of €0.4413 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by November 25, 2016 will be entitled to a dividend of 37.16p per A Share.

Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 37.16p per B Share. Holders of B Shares who have validly submitted euro currency elections by November 25, 2016 will be entitled to a dividend of €0.4413 per B Share.

This dividend will be payable on December 16, 2016 to those members whose names were on the Register of Members on November 11, 2016.

Taxation - cash dividend

Cash dividends on A Shares will be subject to the deduction of Dutch dividend withholding tax at the rate of 15%, which may be reduced in certain circumstances. Based on a policy statement issued by the Dutch Ministry of Finance on April 29, 2016 (which will be formalized in law), and depending on their particular circumstances, non-Dutch shareholders may be entitled to a full or partial refund of Dutch dividend withholding tax.

Furthermore, in April 2016, there were changes to the UK taxation of dividends. The dividend tax credit has been abolished, and a new tax free dividend allowance of £5,000 introduced. Dividend income in excess of the allowance will be taxable at the following rates: 7.5% within the basic rate band; 32.5% within the higher rate band; and 38.1% on dividend income taxable at the additional rate.

If you are uncertain as to the tax treatment of any dividends you should consult your own tax advisor.

[dbensimon] 01/12/2016 17:14

Many to come hopefully

[philo124] 01/12/2016 17:07

Good day here.

[philo124] 01/12/2016 17:01

Good day here.

[ariane] 01/12/2016 14:41

Shell is ‘ripe to deliver’ and 2017 is an inflection year - broker
04:32 01 Dec 2016
JP Morgan analyst Christyan Malek says investors should buy Shell ahead of further capex cuts and free cash flow uplift.
Shell branded petrol pumps
Shell is set to bring on 200,000 barrels per day of additional production.

Royal Dutch Shell Plc’s (LON:RDSB) portfolio is ‘ripe to deliver’, according to JP Morgan, which rates the stock as ‘overweight217; and sees 2017 as an inflection year for the oil supermajor.

JP Morgan analyst Christyan Malek says investors should buy ahead of further capex cuts and free cash flow uplift.

In a note Malek said: “the recent Brazil field trip left us incrementally positive on scope to cut capex further in 2017-18 as economies of scale on cost improve and internal efficiencies take effect.

“The key pushback following our upgrade has been whether Shell can institutionalize a cultural shift towards capital discipline - we came away reassured that the ‘penny has dropped’ across the company.”

Malek also highlighted that dividend coverage is forecast to improve to 1.8 times by 2018, compared to 0.5 times in 2016. According to the analyst Shell’s delivery of high margin barrels in deepwater is key to unlocking free cash flow growth, with 200,000 barrels oil equivalent per day and capex drops of materially.

Significantly, he adds that the combination of lower capex and incremental barrels should see Shell’s cash break-even to US$45 from US$60 per barrel by 2020.

[ariane] 30/11/2016 18:47

Pounds sterling and euro equivalents announcement date December 2, 2016

Payment
date
December 16, 2016

[ariane] 30/11/2016 18:44

Pounds sterling and euro equivalents announcement date December 2, 2016

Payment
date
December 16, 2016

[ariane] 30/11/2016 18:42

LONDON-- U.K. gas supplier Centrica PLC (CNA.LN) is selling its entire portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production for an initial $30 million in cash.

Centrica will receive further payments if project targets at the assets are met, it said Wednesday, adding that the divestment is in line with Centrica's strategy to focus its exploration and production activity in the UK, Netherlands and Norway.

Shares at 1204 GMT, up 2 pence, or 1.1%, at 212 pence valuing the company at GBP11.5 billion.



-Write to Rory Gallivan at [e-mail]; Twitter: @RoryGallivan



(END) Dow Jones Newswires

November 30, 2016 07:23 ET (12:23 GMT)

[11_percent] 26/11/2016 18:30

So, the divi is secure.

[grupo guitarlumber] 26/11/2016 15:17

Royal Dutch Shell's (Shell) boss has said it will squeeze every drop of oil from its wells, shrugging off concerns that climate change laws could cap the amount it could extract.

Ben van Beurden said Shell would not have any "stranded reserves" – fossil fuels left in the ground because of carbon emissions limitations.

Read more: Oil boss needs buyers to Shell out for assets

"The company is valued on produceable reserves that we can produce in the next 12 or 13 years," he told Dutch newspaper Het Financieele Dagblad "We should certainly be able to produce those under any climate outcome. Even if global temperatures can only rise by two degrees."

The Paris Climate Agreement stipulates signatory countries must reduce their dependency on fossil fuels and commit to the limit global warming to an increase of two degrees Celsius. Almost 200 countries signed up to the accord, which came into force in November.

Market concerns were that the value of assets held on Shell's balance sheet might need to be reduced if the oil giant left fuel behind. Such a revaluation could have an adverse impact on bottom line profits.

Read more: BP and Shell offer some reasons for optimism in the oil industry

Meanwhile, Van Beurden also said falling oil prices costs the group billions in cash each year. However, he said, there would be no change in the group's dividend policy, even if it was paying out more to shareholders than it generated in cash each year.

"[Shareholders] want a stable dividend. We must be seen as reliable," he said.

[fjgooner] 26/11/2016 12:09

There we have it. A definitive statement by the Shell CEO that the current dividend is both safe and secure even with oil prices as low as the current $47.

So let's have no more rubbish from shorters on this topic.

Many thanks.

[the grumpy old men] 26/11/2016 10:41

Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant's valuation.

In an interview with Dutch newspaper Het Financieele Dagblad, Ben van Beurden said the issue of "stranded" reserves - deposits in the ground that cannot be used because of carbon emissions limitations - would have no impact on balance sheets.

"The company is valued on producable reserves that we can produce in the next 12 or 13 years," he said. "We should certainly be able to produce those under any climate outcome. Even if global temperatures can only rise by 2 degrees."
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The Paris Climate Agreement, which came into force this month, commits almost 200 countries, including China, the United States and the European Union, to limiting temperature increases to 2 degrees and weaning the world economy off fossil fuels.

The Anglo-Dutch energy giant, the world's third largest by market capitalization, has bet heavily on a lower-carbon future, with investments in wind and renewables capped by the $50 billion acquisition of British Gas in February.

Van Beurden was also skeptical that revaluation of reserves after the climate deal could trigger a financial shock, saying that the oil price's collapse from $120 to $30 a barrel showed the industry's ability to weather much larger shocks.

"Each $10 fall costs us $5 billion in cash a year," he said. "The fact that over the coming few decades we are transitioning, in a more or less ordered way, to a low-carbon society is less draconian than what we've seen over the past two years."

He also told the newspaper that there would be no changes to Shell's dividend policy, even though pay-outs at the current level outstripped the company's cash flow. "(Shareholders) want a stable dividend. We must be seen as reliable," he said.
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Even with oil at $47 a barrel, the company could make adequate investments with current dividend levels, he said, adding that only a slight increase in demand could send prices up again, since even at the peak of U.S. shale production, there was only a 2 percent global surplus.

(Reporting by Thomas Escritt; Editing by Alexander Smith)