Shell Share Discussion Threads

[pugugly] 02/12/2018 13:26

Remember however the unwritten below the line agreement between Trump and Saudi - "Keep the price of oil low" and we will not impose sanctions for the state assasination of the teh journalist -
However Putin would love uSA to impose sanctions so they could step inot the gap
A Catch 22 problem for Trump- Endorse state assasination of lose the Middle East -

[fjgooner] 02/12/2018 11:18

Also not seen before ...... :)



US-China trade war: Deal agreed to suspend new trade tariffs

2 hours ago

Extract

US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says.

At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January.

China will buy a "very substantial" amount of agricultural, industrial and energy products, the US says.

Meanwhile, Beijing says the two sides agreed to open up their markets.

[grupo guitarlumber] 30/11/2018 20:29

Shell A
2,370 -0.08%


Shell B
2,395.5 -0.79%

Strange, the premium only 25.50p

not seen before

[waldron] 30/11/2018 18:25

waldron
24 Nov '18 - 09:33 - 4024 of 4094 Edit
0 4 0
waldron
15 Nov '18 - 08:42 - 3915 of 4023 Edit
0 3 0
waldron
18 Oct '18 - 12:47 - 3704 of 3913 Edit
0 4 0
waldron
16 Aug '18 - 14:34 - 3451 of 3480 Edit
0 4 0
Should be fun to chalk it up BOX BY BOX

2275 to 2375p
2375 to 2475p$$$$$$$$$$WE ARE HERE TODAY$$$$$$$$$$$$$$$$$$$
2475 2575p by end august 2018
2575 2675 by end october 2018 $$$$$$$$$$WE WERE HERE $$$$$$$$$$$$$$$$$$$
2675 2775 by end december 2018
2775
2875
2975 to 3075p xmas 2019
3075
3175
3275
3375 to 3475p xmas 2020

A SLOW CRAWL TO FJGOOONERS DREAM TARGET PRICE OF 3400p which may well be changed if convincingly surpassed before CHRISTMAS 2020




AWATING DEC 6th to see what Saint NICHOLAS brings

ALSO G20 AND OPEC MEETING DECISIONS

[waldron] 30/11/2018 18:08

Shell share price: Group wraps up divestments in Norway and Ireland

Deals part of energy major’s $30bn disposal programme

Tsveta Zikolova
by Tsveta Zikolova Friday, 30 Nov 2018, 14:58 GMT
Shell share price: Group wraps up divestments in Norway and Ireland

Royal Dutch Shell (LON:RDSA) has wrapped up its divestment deals in Ireland and Norway, the blue-chip oil major has said. The disposals are part of the Anglo-Dutch group’s $30-billion disposal programme.

Shell’s share price has been steady in London in today’s session, having added 0.19 percent to 2,376.50p as of 14:19 GMT. The stock is underperforming the broader UK market, with the benchmark FTSE 100 index having slipped into the red and currently standing 0.63 percent lower at 6,994.45 points. The group’s shares have added less than one percent to their value over the past year, as compared with about a 4.5-percent drop in the Footsie.
Shell wraps up divestments

Shell announced in a statement today that it had completed the sale of its interests in the Draugen and Gjøa fields in Norway for 4.52 Billion NOK (about £452 million). The company said that it remained committed to Norway where it operates the Ormen Lange and Knarr project and is partner in Troll, Valemon and Kvitebjørn.

The Anglo-Dutch oil major announced in a separate statement that it had also completed the sale of its shares in Shell E&P Ireland, which holds a 45-percent interest in the Corrib gas venture, for up to $1.30 billion. The deal represents the group’s exit from the upstream sector in Ireland. Shell, however, will retain a presence in the country through its aviation joint venture, Shell and Topaz Aviation Ireland Limited.
Analysts on FTSE 100 group

JPMorgan Chase & Co, which is ‘overweight217; on Shell, lowered its price target on the stock from 3,250p to 2,800p yesterday. According to MarketBeat, the Anglo-Dutch oil major currently has a consensus ‘buy’ rating and an average price target of 2,943p.

As of 14:59 GMT, Friday, 30 November, Royal Dutch Shell Plc 'A' share price is 2,376.50p.

[waldron] 30/11/2018 17:43

Brent Crude Oil NYMEX 59.37 -0.90%
Gasoline NYMEX 1.43 -0.23%
Natural Gas NYMEX 4.53 -2.48%

- 30/11 17:44:53
WTI 50.97 USD -0.82%


Total
49.165 +1.50%


Engie
12.42 -0.56%

Orange
15.16 +0.93%

FTSE 100
6,980.24 -0.83%
Dow Jones
25,302.33 -0.14%
CAC 40
5,003.92 -0.05%








BP
520 -0.40%


Shell A
2,370 -0.08%


Shell B
2,395.5 -0.79%

[la forge] 30/11/2018 14:13

Royal Dutch Shell PLC (RDSB.LN) said Friday that it has completed the sale of upstream interests in Ireland for up to $1.3 billion as part of its 2016-2018 divestment program.

The oil-and-gas company said it sold its shares in Shell E&P Ireland Ltd., which holds a 45% interest in the Corrib gas venture, to Nephin Energy Holdings Ltd., a wholly owned subsidiary of the Canada Pension Plan Investment Board.

Shell said the deal includes an initial payment of $958 million, $54 million in interest and further payments of up to $285 million between 2018-2025, subject to gas prices and production.

The company said completion of the deal represents Shell's exit from the upstream sector in Ireland.



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



(END) Dow Jones Newswires

November 30, 2018 08:44 ET (13:44 GMT)

[la forge] 30/11/2018 13:30

Royal Dutch Shell completes Corrib share sale
Updated / Friday, 30 Nov 2018 13:17
First gas was processed at a terminal in Bellinaboy in late 2015
First gas was processed at a terminal in Bellinaboy in late 2015
By Pat McGrath

Western Correspondent

The oil company Royal Dutch Shell has completed the sale of its shares in the Corrib gas field off the north Mayo coast.

The deal means Shell no longer has any involvement in the operation of the project.

Last year, the Canada Pension Plan Investment Board (CPPIB) agreed a deal to purchase all Shell interests on the Corrib venture, for €1.08 billion.

Gas was first detected off the north west coast in the late 90s but the project to bring it ashore was mired in controversy and subject to several challenges.
Gas was first detected off the north west coast in the late 90s

The first gas was processed at a terminal in Bellinaboy in late 2015.

Shell says it is exiting the upstream business in Ireland as a result of the sale.

The company's share of Corrib gas output amounted to the equivalent of around 27,000 barrels of oil a day.

The change in ownership will mean that CPPIB is a new partner in the venture, which is now being operated by Vermillion, another of the companies involved in the project.

[the grumpy old men] 30/11/2018 11:14

Shell finalises Draugen and Gjoa sale

Written by David McPhee - 30/11/2018 11:04 am

The Draugen installation
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Oil giant Shell has announced the sale of its interest in the Draugen and Goja fields to OKEA AS for £412 million.

The sale of the two fields, located in the Norwegian North Sea, will see the transfer of 153 members of staff from Shell to OKEA.

Shell will relinquish 44.56% operated interest in the Draugen field and 12% non-operated interest in the Gjøa field, representing approximately 14% of Shell’s total production in 2017.

Rich Denny, managing director of Shell, said: “Today’s deal completion was achieved despite a tight timeline from the Sales and Purchase Agreement in June 2018.

“It was made possible by good collaboration between Shell and OKEA and with constructive dialogue with the Norwegian Authorities.”

Shell said the deal was part of its £23 billion divestment programme.

The oil giant will retain 80% of the decommissioning liability for the assets.

[the grumpy old men] 30/11/2018 11:01

Volkswagen AG (VOW.XE) is partnering with British supermarket chain Tesco PLC (TSCO.LN) to rollout the U.K.'s largest electric-vehicle charging network at retail sites.

The companies said Friday that over the next three years they will install more than 2,400 charging bays across 600 Tesco stores. Customers will be able to charge their cars for free via a standard charger, or pay for a faster service.

Volkswagen said the plan would support its target of selling one million electric cars a year by 2025. The BBC reported that the German car manufacturer has sold 1,350 electric cars in the U.K. since launching two electric vehicle models four years ago.

Volkswagen is launching its ID. family of all-electric models in the U.K. in 2019.

Volkswagen and Tesco's plan represents a 14% increase in the number of public-charge bays in the U.K., according to Pod Point, the British electric-vehicle infrastructure company which will carry out the installations.

Figures released earlier this month by the Society of Motor Manufacturers and Traders showed new registrations of electric vehicles, including hybrid models, came to 121,577 or 5.9% of the total market in 2018 to date. The British government has said it aims to phase out the sale of petrol and diesel cars by 2040.

In addition to car makers, oil companies are also readying themselves for mass adoption of electric vehicles. BP PLC (BP.LN) earlier this year bought Chargemaster, the U.K.'s largest electric-vehicle charging company for 130 million pounds ($166.4 million), after Royal Dutch Shell PLC (RDSA.LN) bought its Dutch peer NewMotion in 2017.



Write to Adam Clark at [e-mail]



(END) Dow Jones Newswires

November 30, 2018 05:39 ET (10:39 GMT)

[fjgooner] 30/11/2018 10:17

sarkasm post 4086

A very interesting summary.

For me, one paragraph in there perfectly illuminates the position that Shell has been developing in recent years in shifting its product mix relentlessly toward LNG, especially with regard to the BG acquisition.

-----------

Renewables

As the costs of renewable energy fall and battery technology is developed to store it, the natural gas industry sees a role for itself in the future energy mix. “We should embrace the growth of renewables, we have no alternative, it makes no sense to confront that, that has to be part of our global landscape,” said Galp chief executive officer Carlos Gomes da Silva said. “I am seeing natural gas and LNG in particular as not a transitional energy but as destination energy.”

[sarkasm] 29/11/2018 19:52

GULF TIMES

MENU

Booming LNG industry weighs up headwinds from oil to renewables
November 29 2018 10:07 PM
Business
RELATED STORIES
An LNG
An LNG carrier sits docked at the Cheniere Energy terminal in this aerial photograph taken over Sabine Pass, Texas (file). US LNG production has been rising since Cheniere started its Sabine Pass project in Louisiana in 2016.
Text Size: A A A

Bloomberg/London

Liquefied natural gas may be one of the fastest-growing fossil fuels but that didn’t stop market participants spotting clouds on the horizon when they met on the first day of the CWC World LNG Summit in Lisbon.
Below are some of the most pressing issues discussed at the biggest annual event for the industry in Europe.


Oil and economy
Brent crude is trading below $60 a barrel, having lost almost 11% this year. A perceived economic slowdown, which is affecting oil, is a challenge for the gas and LNG industry, said Eric Bensaude, managing director at Cheniere Marketing. The booming US projects tend to offer contracts linked to the US Henry Hub natural gas benchmark, which has gained 50% this year, making competition difficult with the oil-linked contracts that dominate in long-term LNG supply deals.
“We have to remain competitive,” Bensaude said. “You don’t want oil to be too high because otherwise the LNG industry gets carried away, you don’t want it to be low because otherwise Henry Hub becomes unaffordable and it switches to oil again.”


Renewables
As the costs of renewable energy fall and battery technology is developed to store it, the natural gas industry sees a role for itself in the future energy mix. “We should embrace the growth of renewables, we have no alternative, it makes no sense to confront that, that has to be part of our global landscape,” said Galp chief executive officer Carlos Gomes da Silva said. “I am seeing natural gas and LNG in particular as not a transitional energy but as destination energy.”


Investment shortfall
A lack of final investment decisions in the past years is expected to weigh on supply by the middle of the next decade, when it is seen falling short of demand. This year, Cheniere’s Corpus Christi Train 3 and Royal Dutch Shell Plc’s LNG Canada got the green light, but more multibillion-dollar projects are needed and expected next year to secure the second wave of supply. The lack of FIDs could generate a jump in prices in the early 2020s and potentially make LNG unaffordable, risking a shift back to cheaper and dirtier coal, Bensaude said.


Spike in US gas?
The rally in US benchmark Henry Hub futures earlier this month was seasonal and related to a cold snap and is unlikely to be sustained, according to panellists at the conference.
Cheniere’s Bensaude sees a long-term range of $3 to $4 per million British thermal units. Michael Sabel, co-CEO of Global Venture LNG, another US export project developer, sees the range at $2.25 to $3.25 on average.


China
China has led LNG demand growth but those increases are becoming less certain. China imposed a 10% tariff on US LNG, and sellers are re-organizing flows to bring alternative sources of supply.
What’s more, from October industrial demand started to decline to avoid the higher costs observed at the same time last winter, said Yanyan Zhu, general manager of the trading department at CNOOC Gas & Power. Longer term, China’s LNG imports face increasing pressure from cheaper pipeline gas, including from Russia, and by government support for domestic gas production. “In the future when the government is encouraging domestic production, pipeline gas is coming, I think the role of LNG will be reduced to some extent,” Zhu said.


Impact of US LNG expansion on other exporters
US LNG production has been rising since Cheniere started its Sabine Pass project in Louisiana in 2016. That is becoming a concern to other exporters, who are rushing to get their projects finished.
Tavares Martinho, vice president for exploration and production at Mozambique’s national oil company, Empresa Nacional de Hidrocarbonetos EP, compared competing with US LNG to “a monkey with a stick trying to hit a lion.” Mozambique is among the most promising future LNG exporters in Africa. “Competing with the US is very difficult,” he said.

[waldron] 29/11/2018 17:07

Total
48.44 +0.40%


Engie
12.49 -0.60%

Orange
15.02 +0.43%

FTSE 100
7,038.95 +0.49%
Dow Jones
25,284.05 -0.32%
CAC 40
5,006.25 +0.46%


Brent Crude Oil NYMEX 60.37 +2.17%
Gasoline NYMEX 1.43 +3.89%
Natural Gas NYMEX 4.49 -4.36%



BP
522.1 -0.29%


Shell A
2,372 +1.07%


Shell B
2,414.5 +1.32%

[ariane] 29/11/2018 15:18

Falling Crude Prices Test Big Oil's New Financial Discipline--Update
29/11/2018 3:08pm
Dow Jones News

Shell B (LSE:RDSB)
Intraday Stock Chart

Today : Thursday 29 November 2018
Click Here for more Shell B Charts.

By Sarah Kent

Big oil companies' stance that they are better able to handle declines in oil prices than they were years ago will be tested as prices hover around $50 in the U.S.

Oil giants like Exxon Mobil Corp., Chevron Corp. and Royal Dutch Shell PLC have slashed costs and cut spending in recent years in an effort to convince investors they can be resilient -- and profitable -- even when oil prices are volatile.

Those efforts have paid off. The industry's biggest players are churning out cash this year and improving returns to shareholders. The average Brent oil price that the world's biggest western oil companies need to break even, has fallen from more than $100 a barrel before the price crash in 2014 to less than $50 a barrel this year, according to Edinburgh-based consulting firm Wood Mackenzie.

On Thursday, West Texas Intermediate futures climbed 1.4% to $51.01 a barrel, after falling below $50 a barrel for the first time in almost 14 months earlier in the session. Brent, the global benchmark, was up 0.9% at $59.63 a barrel, moving off its lowest level since late October 2017, on London's Intercontinental Exchange.

As prices have tumbled, that has left executives feeling vindicated for remaining cautious, and well prepared for the prospect of fresh pain ahead.

"We're very confident in the outlook for the company, not so much in the outlook for the oil market," BP PLC chief financial officer Brian Gilvary said.

BP has said it would be able to cover its capital budget and shareholder payouts with cash from operations with oil at $50 a barrel this year, and is working to bring that number down to between $35 and $40 a barrel by 2021.

While the recent fall in oil prices is likely to reinforce the industry's financial discipline, a harsher test could be ahead should prices decline further. The price of international benchmark Brent crude has plunged around 30% since its October peak, when it reached a four-year high of more than $85 a barrel. American benchmark West Texas Intermediate has also plummeted, falling below $50 a barrel this week.

Big international companies generally use the Brent crude price as a marker for strategic planning. At around $60 a barrel, it is still at levels where the companies have shown they can comfortably make healthy profits and it is unlikely to cause any major changes to strategic thinking.

But if the slide continues below the $60 a barrel marker, the broader industry could struggle to generate enough cash to fully cover financial commitments. "$55 a barrel and below is when a lot of companies start going cash-flow negative. Clearly if we go back down to $30 a barrel, it's a very challenging environment," said Wood Mackenzie's senior vice president for corporate research Tom Ellacott.

Even if prices remain around $60 a barrel, executives face a pressing dilemma: To maintain and grow production, they need to keep investing in new projects, but price volatility is likely to feed extreme caution around sanctioning large and costly developments.

Historically, companies have ratcheted up spending in the aftermath of an oil price decline, taking advantage of a healthier investment environment. Not this time. Even when prices were rising through most of 2018, big oil executives repeatedly reiterated their mantra of disciplined spending.

"I think people -- they're thinking the history is going to color our future, and that's really not the case," Chevron Chief Financial Officer Patricia Yarrington told analysts earlier this month. "We have growth potential, but it's going to be at a much lower capital rate."

Chevron is spending about half what it was in 2014 on finding and developing new projects. Both Shell and BP have set clear limits around their spending through the end of the decade. Exxon stands out as an exception for laying out plans to substantially increase capital expenditures in the coming years.

The companies say they can now do more for less and are still growing production. On top of reigning in spending, they've redesigned and simplified new projects and renegotiated expensive contracts -- moves they say have helped to permanently lower costs.

Where companies have returned to drilling, they are doing it within a strict budget. Shell, for instance, spent three years looking at ways to make its Vito project in the Gulf of Mexico more economic before greenlighting the development earlier this year. By simplifying the original design and working more closely with its contractors, the company was able to reduce costs by more than 70% and bring the project's break-even oil price down below $35 a barrel. Once it is up and running in 2021, Vito is expected to produce up to 100,000 barrels of oil equivalent a day.

But some analysts and executives have raised concerns that the industry still needs to start investing more to avoid a supply crunch that could send prices spiking higher within the next few years.

"Overall in the industry, the current level of investment is probably not enough to support demand," Equinor CEO Eldar Saetre said. "You've seen three or four years now with low investment levels and few FIDs, and that needs to come up."

Write to Sarah Kent at [e-mail]



(END) Dow Jones Newswires

November 29, 2018 09:53 ET (14:53 GMT)

[tornado12] 29/11/2018 13:58

I don’t see 30£ for Shell I’m near term but I concur with other divi investors that at these prices a top up is on the cards. Shell is my portfolio foundations and won’t be selling these golden tickets for many many years to come 👍

[xxxxxy] 29/11/2018 13:34

Just don't know. Still sticking, But looking forwards to the £30 ish stuff.

Crude Oil Recovers After Dipping Below $50
Price fall follows data that showed U.S. crude-oil inventories rose for a 10th straight week
By David Hodari and Georgi Kantchev
Updated Nov. 29, 2018 8:26 a.m. ET
LONDON—Oil recovered from earlier loses to move above $50 a barrel Thursday, after reports that Russian officials are signaling the likelihood of a production cut in tandem with Organization of the Petroleum Exporting Countries.

[petepitstop] 29/11/2018 13:15

In many ways it is good news that there is a degree of negativity on the company as it allows many investors to add at good values. It is usually time to reassess when all the commentators are bullish. I use Shell as my exposure to the energy markets and I cannot think of anything better. Every month that passes the company has slightly less dependency to the oil price and slightly more exposure to gas, refining, chemicals, marketing, retail and new energies. Many analysts simply fail to understand how much Shell has changed since it bought BG. That purchase was truly transformational.

[ariane] 29/11/2018 11:14

Royal Dutch Shell Plc 18.6% Potential Upside Indicated by JP Morgan Cazenove

Posted by: Charlotte Edwards 29th November 2018

Royal Dutch Shell Plc with EPIC/TICKER (LON:RDSA) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OVERWEIGHT217; today by analysts at JP Morgan Cazenove. Royal Dutch Shell Plc are listed in the Oil & Gas sector within UK Main Market. JP Morgan Cazenove have set a target price of 2800 GBX on its stock


Royal Dutch: JP Morgan remains overweight but reduced its target FROM 3,250 to 2,800 GBp.


So jpm was talking about rdsa thus a premium should be added to get rdsb share price target

[waldron] 29/11/2018 08:15

BP Plc: JP Morgan remains overweight but reduces its target FROM 650 to 575 GBp.



Compagnie Financière Richemont: RBC reduces its target from 100 to 85 CHF, while remaining outperform


ENI: JP Morgan remains overweight but reduces its target FROM 16 to 13.50 euros.


Equinor: JP Morgan goes from neutral to underweight with a reduced target FROM 230 to 190 NOK.


Royal Dutch: JP Morgan remains overweight but reduced its target FROM 3,250 to 2,800 GBp.

Total: JP Morgan goes from underweight to neutral despite a target reduced from 54 to 49 EUR.