Shell Share Discussion Threads

[fangorn2] 20/7/2018 14:52

Corruption in Nigeria!!!
Roflmao

Who'd a thunk it.

Wonder how much the brown envelopes have to be this time then!

[adrian j boris] 20/7/2018 13:41

Eni, Shell trial to resume

LAGOS, July 20, 2018 – An Italian court is set to resume the trial on alleged corruption by Shell and Eni on Friday.

The judge is expected to decide whether the Nigerian government will be included as a party that suffered damages, daily Business Day reported.

In addition to the two companies, 13 defendants were sent to trial by an Italian judge in December 2017. Among the defendants are Eni CEO Claudio Descalzi and former chief Paolo Scaroni.

Malcolm Brinded, former executive director for upstream international; Peter Robinson, former vice-president for Shell’s sub-Saharan Africa operations; Guy Colegate, a business adviser; and John Copleston, a strategic investment adviser, were all charged with bribery in October in relation to the 2011 sale of the OPL 245 block offshore Nigeria to Shell and Eni.

The trial was originally scheduled for March but was postponed to May. After a procedural hearing, the court readjourned until June. At that hearing the next date was set for July.

[fjgooner] 19/7/2018 18:39

Indeed we will.

I'm very much looking forward to seeing those results on Thursday as they should be the best quarterly results since 2014.

And with this current quarter's prevailing Brent crude average price at slightly higher than the last quarter's we're looking rather good going through 2018 H2.

[waldron] 19/7/2018 17:32

Total
52.88 -0.04%

Engie
13.34 -0.78%

Orange
14.055 -0.74%

FTSE 100
7,683.97 +0.10%
Dow Jones
25,134.05 -0.26%
CAC 40
5,417.07 -0.56%

Brent Crude Oil NYMEX 72.73 -0.40%
Gasoline NYMEX 2.01 -0.66%
Natural Gas NYMEX 2.76 +0.92%



BP
569.9 +1.37%

Shell A
2,661.5 +1.31%

Shell B
2,744 +1.24%

[waldron] 19/7/2018 16:38

when will the share buy back commence

[waldron] 18/7/2018 17:49

Total
52.9 +0.28%

Engie
13.445 +0.37%

Orange
14.16 -0.28%

FTSE 100
7,676.28 +0.65%
Dow Jones
25,213.17 +0.37%
CAC 40
5,447.44 +0.46%

Brent Crude Oil NYMEX 72.65 +1.42%
Gasoline NYMEX 2.01 +1.22%
Natural Gas NYMEX 2.74 -0.26%



BP
562.2 +0.36%

Shell A
2,627 +0.63%


Shell B
2,710.5 +0.99%

END OF DAY SPIKE UP

[fjgooner] 18/7/2018 17:38

Why investors in oil companies don't care about crude's drop

Ksenia Galouchko, Bloomberg
Published 3:36 am CDT, Wednesday, July 18, 2018

Crude prices are down yet European oil companies are weathering the slump, signaling a change in fortunes for last year’s laggards.

While benchmark Brent crude has fallen more than 9 percent over the past week, the Stoxx Europe 600 Oil & Gas index has retreated just 3.9 percent. The reason? Oil companies’ discipline during the 2014-2016 crash proved to investors they can now easily withstand such crude-price corrections.

“Oil companies have done a good job adjusting their budgets to the lower oil-price environment and their shareholders are now benefiting from that,” said Ahmed Ben Salem, an analyst at Oddo Bhf. “The resilience is mainly linked to the fact that oil companies have an oil cash breakeven as low as $50 per barrel and their budget and share-buyback plans are based on $60.”

Crude’s collapse forced European oil giants to slash spending, reduce costs and delay projects, a strategy that’s now made them less sensitive to short-term price fluctuations. Brent has tumbled from a recent three-year high on concern that an escalating trade spat between the U.S. and China will curb demand and as Saudi Arabia pledges to lift output to record levels.

Investors have also been encouraged by a buoyant outlook for second-quarter earnings, which start to roll in next week. Analysts expect the European oil sector to report the highest profit growth among 10 industries. The biggest companies are also set to deliver the highest free cash flow in almost a decade, according to Goldman Sachs Group Inc.


“Oil stocks are decoupling from oil owing to the strong free cash flow,” said Christyan Malek, head of EMEA oil and gas research at JPMorgan Chase & Co. “Robust” earnings, crude above $70, and exploration and production project delivery underpin continued outperformance in shares, he said.

Last year, investors were slow to believe in the profit recovery. Although the price of Brent rose 18 percent, oil stocks were one of the few declining sectors in Europe, with a loss of 2.2 percent.

European oil companies continued to resist crude’s decline on Wednesday, with the Stoxx Europe 600 Oil & Gas index little changed while Brent fell 1.1 percent.

[sarkasm] 18/7/2018 13:52

This is the Real Reason to Love Royal Dutch Shell PLC Stock
This energy giant's 5% yield is definitely enticing, but it's not the real reason to like Royal Dutch Shell stock.
Author Picture
Reuben Gregg Brewer
(TMFReubenGBrewer)
Jul 18, 2018 at 8:31AM

Global energy giant Royal Dutch Shell's (NYSE:RDS-B) stock is offering investors a very attractive yield of 5.1%. That compares to the less than 2% available from an S&P 500 Index fund. Add in improving oil prices, and you can see why investors have gravitated to the stock, pushing Shell's stock price up 7.5% so far this year, around three percentage points more than the advance in the S&P. But a big yield and strong relative performance aren't the real reasons to love Royal Dutch Shell stock.
An odd decision at a bad time

The last four years or so haven't been great for integrated oil and natural gas companies like Royal Dutch Shell. When oil prices started to plummet in mid-2014, energy company results took a huge hit. Shell, for example, saw its top line decline nearly 50% between 2013 and 2016. Earnings tumbled, as well. In fact, in an effort to preserve cash, the company decided to use a scrip dividend, issuing additional stock to those who elected the scrip program so it could limit the amount of cash it was sending to shareholders. During this period it was also focused on cutting costs, just like other oil majors.
A woman pumping gas into a car

Image source: Getty Images.

However, unlike most of its peers, Royal Dutch Shell decided to take on a huge $50 billion acquisition during the oil downturn when it bought BG Group. This move materially increased the company's leverage at a time when it was dealing with a difficult oil market, a move that troubled many investors. Long-term debt was around $36.2 billion at the end of 2013 and peaked at $86.6 billion in the third quarter of 2016. More than doubling long-term debt during an oil downturn, largely in support of an acquisition, is a bold move, to say the least.
Reading into the acquisition

To assuage market concerns about debt, Shell announced a portfolio reshaping backed by as much as $30 billion in asset sales (with a material portion of the proceeds earmarked for debt reduction). It's inked deals for or sold assets worth around $26 billion already. Long-term debt levels are slowly starting to come back down. And with oil prices having recovered since hitting a bottom in early 2016, investors aren't nearly as concerned about Shell's future or its ability to sustain its dividend (note that it ended the scrip dividend in early 2018).

But it would be a mistake to forget about the huge acquisition Shell made during a downturn. This aggressive decision showed a willingness to use the downturn to bargain-hunt, adding additional exposure to natural gas, viewed as a key transition fuel (more on this in a second), and desirable offshore oil projects to its portfolio. It was something of an outside-the-box move that shows Shell thinks long term.

In fact, in late 2017 Shell CEO Ben van Beurden made an interesting comment during an earnings conference call about how investors should be thinking about the future for his company: "If you invest $25 billion to $30 billion a year in a company with a $280 billion balance sheet, you have a new company every decade." That's roughly the capital spending plan at Shell today. My read on this is that Shell is a company in the middle of a long-term transition.

The big acquisition was part of that, as it has helped Shell increase its already strong position in natural gas. Between 2015 and the first quarter of 2018, Shell increased its liquified natural gas volume sales by 75%. But that's not all the energy giant has been up to.

For example, it recently bought Dutch-based NewMotion, one of the largest providers of charging stations for electric vehicles in Europe. Shell has also been investing in offshore wind farms. This isn't exactly out of the ordinary for Shell, which has been dabbling in wind for a while, but it shows that Shell is clearly looking to a future in which oil isn't as important as it is today. This isn't to suggest that oil is suddenly going to go away; that's hardly true, which explains why ExxonMobil has chosen to double down on its core energy business. And, frankly, most of Shell's transitional moves are relatively small (with the notable exception of that $50 billion acquisition). But Shell is obviously working to adjust today for a future that it thinks will look vastly different than its oil-focused past.
More than just a pretty yield

Royal Dutch Shell's generous 5% dividend yield is certainly something that income investors should like. But the real reason to love Shell is the company's willingness to reshape its business to adjust to the world's changing energy landscape. Its big acquisition during an industry downturn was an example of the direction it's going in, but so are smaller moves like buying NewMotion and building wind farms. Shell is a high-yielding oil and natural gas-focused energy giant today, but you should love it because of its willingness to think long-term -- which looks increasingly like it means growing on the electric side of the broader energy business.

[sarkasm] 18/7/2018 13:02

Gas flaring at oil production sites declines in 2017, says World Bank
By Kondapuram Sampangi Archana Rani
Recommended companies

Gas flaring from oil production sites across the world had witnessed a decline in 2017 despite a 0.5% increase in production, according to the World Bank’s new satellite data.
Image: An offshore oil and gas drilling platform. Photo: courtesy of QR9iudjz0/Freeimages.com.

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The bank said that the 5% decline in gas flaring, which is a source of greenhouse gas emissions, is the start of reversing years of increases in gas flaring that started in 2010.

According to the data released by the Global Gas Flaring Reduction Partnership (GGFR), about 141 billion cubic meters (bcm) of natural gas was flared last year which is a decrease compared to nearly 148 bcm in 2016.

GGFR is a World Bank-managed organization comprised of governments, oil companies, and international institutions. It aims to reduce global gas flaring.

Although Russia remains the largest gas flaring country, it has reported a largest decline in gas flaring in 2017 compared to that in 2016.

World Bank senior director Riccardo Puliti said: “The latest global gas flaring data is encouraging, but we will have to wait a few more years to know whether it represents a much-needed turning point.

“Ending routine gas flaring is a key component of our climate change mitigation agenda, and the global flaring reduction Initiative we launched just three years ago now has 77 endorsers, covering about 60 percent of the total gas flared around the world.”

In 2015, the United Nations (UN) and World Bank launched the “Zero Routine Flaring by 2030” Initiative which aims to find ways to end routine flaring at existing oil production sites no later than 2030.
Related

DNO increases production from Peshkabir field in Kurdistan

The initiative is supported by 27 governments and more, 35 oil companies, and 15 development institutions.

GGFR Program Manager Bjorn Hamso said: “The Initiative is an essential tool for ending routine flaring.

“Going forward, it is paramount that oil field operators continue to address ongoing “legacy” flaring, and that new business models are developed that will enable more investors to participate in flaring reduction projects.”

According to World Bank, gas flaring takes place due to technical, regulatory and economic constraints, and is causing more than 350 million tons of CO2 emissions annually.

[waldron] 17/7/2018 19:05

Total
52.75 -0.08%

Engie
13.395 -0.04%

Orange
14.2 -2.54%


FTSE 100
7,626.33 +0.34%
Dow Jones
25,129.76 +0.26%
CAC 40
5,422.54 +0.24%

Brent Crude Oil NYMEX 72.19 +0.31%
Gasoline NYMEX 1.99 +0.38%
Natural Gas NYMEX 2.74 -0.83%


BP
560.2 +0.48%


Shell A
2,610.5 +0.66%


Shell B
2,684 +0.43%

[waldron] 17/7/2018 09:42

SHELL LOOKING TO INDIA





NOT LONG NOW UNTIL THE 26th

2675 to 2775p BOX expected tobe exceeded


enjoy your day

[waldron] 16/7/2018 17:50

Total
52.79 -1.01%

Engie
13.4 -0.92%

Orange
14.57 -0.21%

FTSE 100
7,600.45 -0.80%
Dow Jones
25,007.72 -0.05%
CAC 40
5,409.43 -0.36%


Brent Crude Oil NYMEX 71.94 -4.07%
Gasoline NYMEX 1.98 -4.05%
Natural Gas NYMEX 2.76 +0.11%


BP
557.5 -2.33%



Shell A
2,593.5 -1.97%


Shell B
2,672.5 -2.14%

[waldron] 16/7/2018 17:50

Total
52.79 -1.01%

Engie
13.4 -0.92%

Orange
14.57 -0.21%

FTSE 100
7,600.45 -0.80%
Dow Jones
25,007.72 -0.05%
CAC 40
5,409.43 -0.36%


Brent Crude Oil NYMEX 71.94 -4.07%
Gasoline NYMEX 1.98 -4.05%
Natural Gas NYMEX 2.76 +0.11%


BP
557.5 -2.33%



Shell A
2,593.5 -1.97%


Shell B
2,672.5 -2.14%

[la forge] 16/7/2018 14:46

A SMALL FINE BUT PERHAPS A BIG PRICE TO PAY

DO BE CAREFUL

[la forge] 14/7/2018 08:33

July 26, 2018 Second quarter 2018 results

[waldron] 13/7/2018 19:07

Total
53.33 +0.11%

Engie
13.525 +0.07%

Orange
14.6 -0.78%

FTSE 100
7,661.87 +0.14%
Dow Jones
25,022.83 +0.39%
CAC 40
5,429.2 +0.43%

Brent Crude Oil NYMEX 75.43 +1.26%
Gasoline NYMEX 2.08 +1.42%
Natural Gas NYMEX 2.77 -1.07%



BP
570.8 -0.11%

Shell A
2,645.5 +0.57%

Shell B
2,731 +0.07%

[waldron] 13/7/2018 13:17

CHEERS FJ

WELCOME NEWS

GOOD FOR EAST COAST PIPE INFRASTRUCTURE TO ALLOW USA OIL AND GAS REFINING AND EXPORTS
although not mentioned

SHALE WILL BE ALLOWED TO COME ON STREAM FASTER

LOOKING FORWAED TO RESULTS AND OUTLOOK