Shell Share Discussion Threads

[essentialinvestor] 23/11/2018 13:56

Monty I parked next to a white Rolls Royce droptop at the Brooklands hotel
on Wednesday afternoon, with a personal number plate, that was not yours by any
chance?, As you live in the same area ).

[montyhedge] 23/11/2018 13:53

40-45 oil is in its way, bull longs panicking.

[fjgooner] 23/11/2018 13:53

Opec have now clearly seen Trump's fake sanctions for what they are - fake. I doubt that they'll be fooled again by Foghorn Leghorn.

Expect strong OPEC action on December 6th and a swift upward reaction in oil prices.

In the meantime, whilst Brent sits around the $60 mark, this shows the level-headed approach taken by Shell to base their 2020 profit forecasts on exactly this level.

Have a great weekend all,

FJ

[adrian j boris] 23/11/2018 13:33

MONEY SHOULD BE USED FOR MORE DIVI,PAY DOWN DEBT AND INVEST IN CERTAIN PROJECTS WITH HIGH RETURNS
NOT BUYBACKS

THINK HOWEVER THAT BUYBACKS WOULD BE INCREASED DUE TO FALL IN SP

A GREAT BUYING OPPORTUNUTY FOR ONE AND ALL INCLUDING SHELL

[montyhedge] 23/11/2018 13:29

Agree but like Mark Twain said it's not the return on my money, it's the return of my money, lol.

[montyhedge] 23/11/2018 13:27

It's seems the Arabs just keep pumping, Trump wants oil price down, its working.Agree Shell should suspend buybacks. They are a waste of money anyway in my opinion.

[waldron] 23/11/2018 13:11

EssentialInvestor
23 Nov '18 - 12:58 - 3990 of 3990
0 0 0
If oil kept falling, they may possibly need to suspend the buybacks.
As OPEC are about to intervene with cuts in production, would see that as unlikely.


i would have thought that the buybacks would be increased

also the trading and non pure oil activities might well come into play

i guess, all depends how long this hiccups occurs

certainly its affecting profitability of shalers in the USA

lets wait how opec and december plays out

i am taking this as a buying opportunity for the european oil majors

[essentialinvestor] 23/11/2018 12:58

If oil kept falling, they may possibly need to suspend the buybacks.
As OPEC are about to intervene with cuts in production, would see that as unlikely.

[waldron] 23/11/2018 12:56

Shell B
2,361 -2.66%

[lammergeier] 23/11/2018 12:55

Shell has fallen from £28+.In uncertain times a large capitalised blue chip company

with a Price earnings Growth Rate of less than 1 and a prospective dividend yield

of over 6%(savings bank interest of 1-2%)looks attractive.

Of course if oil keeps falling there will be setbacks but the BUYBACK PROGRAMME

will hopefully mop up the short term sellers.


IMHO GLA

[montyhedge] 23/11/2018 12:52

Buybacks holding price, really lesson for bears don't fight buybacks. This should have been below at least 2300p.

[essentialinvestor] 23/11/2018 12:38

Monty, must say I thought your short looked misplaced/hopeful, but may be less so now.

[montyhedge] 23/11/2018 12:36

7 straight weeks of losses for oil, some expect 40-45 oil price. One word, glut.

[essentialinvestor] 23/11/2018 12:30

Can anyone remember this condensed a % fall in oil,
within just a few weeks?.

During the last major oil bear market we got some sharp daily and
weekly moves, but not sure I can remember this condensed a % fall.

[montyhedge] 23/11/2018 12:30

2275p here we come, buybacks saving this shareprice. 7 weeks of losses for oil price.
Shell holding well.

[waldron] 23/11/2018 12:14

CHUCKLE, OF COURSE COMRADE

CONCERN WOULD BE IF IT FINISHES IN THE 2275 to 2375p BOX

Although i could name some posters who would be luvin it

[essentialinvestor] 23/11/2018 12:12

I'm utterly amazed RDSB is still near current levels!.

[imperial3] 23/11/2018 12:09

A red day!!!!!!!

[waldron] 23/11/2018 12:03

Total
48.595 -0.95%


BP
523 -0.42%


Shell A
2,342 -1.74%


Shell B
2,378 -1.96%


Brent Crude Oil NYMEX 61.03 -2.54%
Gasoline NYMEX 1.43 -3.06%
Natural Gas NYMEX 4.31 +1.79%


WHATA BLACK DAY OR JUST VARIOUS SHADES OF GREY

[the grumpy old men] 23/11/2018 11:46

Its normal for a BLACK FRIDAY and THANKSGIVING LONG WEEKEND

EVERYTHINGS AT A DSCOUNT

[montyhedge] 23/11/2018 11:30

With oil price this low, its a good job Shell buying back shares, otherwise a lot lower.

[waldron] 23/11/2018 06:20

BP PLC (BP.LN) said Friday that it has achieved first oil production from the Clair Ridge project in the West of Shetland region in the U.K. North Sea.

The Clair Field was discovered in 1977. The development is the sixth new upstream project to be brought online by BP this year. It will target reserves of 640 million barrels of oil, with a peak production rate of 120,000 barrels of oil a day

Bernard Looney, the chief executive of the company's upstream business, said the Clair Ridge project is "a culmination of decades of persistence" as access to the available oil proved difficult.

BP is the operator of the Clair field where it holds a 28.6% interest. Royal Dutch Shell PLC (RDSB.LN) has a 28% interest, while Chevron North Sea Ltd.--a subsidiary of Chevron Corp. (CVX)--holds a 19.4% interest.

ConocoPhillips (COP) currently holds a 24% interest in the Clair field. However in July BP agreed to buy a ConocoPhillips subsidiary which holds a 16.5% interest in the field. Once the deal completes, BP's interest will be 45.1% and ConocoPhillips will hold a 7.5% stake.

BP said Clair Ridge is the first offshore use of its LoSal technology, which has the potential to increase oil recovery by injecting water of a lower salinity into reservoirs. The company expects its technology to result in an additional 40 million barrels of oil being recovered in a cost-effective manner over the project's lifetime.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

November 22, 2018 19:15 ET (00:15 GMT)

[waldron] 23/11/2018 06:10

JP Morgan gives its prediction for Brent crude in 2019
Published Thu, Nov 22 2018 • 2:19 AM EST | Updated Thu, Nov 22 2018 • 2:53 AM EST
Huileng Tan
@huileng_tan




Key Points

JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 — down from the investment bank’s previous forecast of $83.50 a barrel.
Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC demand growth will weigh, particularly after the Organization of the Petroleum Exporting Countries (OPEC) agreed to ramp up production earlier this year.
Slowing demand growth will weigh on prices in 2019 and 2020.

GP: Oil crude pump
A heavy crude oil pump.
Jsmes Hall | EyeEm | Getty Images

JP Morgan has cut its outlook for oil, predicting that Brent crude prices will average $73 a barrel in 2019 — down from the investment bank’s previous forecast of $83.50 a barrel.

Scott Darling, head of Asia-Pacific oil and gas at JP Morgan told CNBC that the investment bank recently revised its outlook in part due to North American supply ramping up in the second half of next year. JP Morgan expects the price of Brent, the international benchmark for oil, to go toward $64 in 2020.

In Asian trade on Thursday, Brent crude was trading at around $63.45 a barrel while U.S. West Texas Intermediate was around $54.61 a barrel.

Demand growth will weigh, particularly after the Organization of the Petroleum Exporting Countries (OPEC) agreed to ramp up production earlier this year, he said.

The market is now focused on the group’s next meeting on December 6 for guidance. Darling said OPEC needs to cut oil production by 1.2 million barrels a day for the whole of next year to balance the oil market.

Crude oil prices have seen ups-and-downs this year, with prices spiking to multi-year highs in October due to Trump’s decision to reimpose sanctions on Iran. Sanctions on the third-biggest producer in OPEC has put upward pressure on oil prices throughout much of the year.

Major crude oil benchmarks spiked to four-year highs one month before the sanctions went into force, but that rally has since unwound spectacularly. Oil prices have plunged 30 percent since early October, dragged lower by a broader market sell-off and growing consensus that supply will outstrip demand next year.

“U.S. politics has played a part ...(but) it’s still been supply-demand driven, ” said Darling.

His comments came after President Donald Trump on Wednesday doubled down on his defense of Saudi Arabia, thanking the kingdom for helping to keep a lid on oil prices, even amid bipartisan criticism for his support for Riyadh after the killing of journalist Jamal Khashoggi.

The Trump administration has relied on Saudi Arabia to hike output — and convince other producers to pump more oil — in order to offset the inflationary impact of its hawkish Iran policy.

— CNBC’s Tom DiChristopher contributed to this report.