Shell Share Discussion Threads

[waldron] 11/1/2019 18:01

Shell weighs sale of Ontario refinery as sector sees more assets go on the block
Jeffrey Jones Mergers and Acquisitions Reporter
Published 50 minutes ago
Updated January 11, 2019

Royal Dutch Shell PLC is looking to sell its refinery in Southern Ontario, adding to a growing slate of oil refining and marketing assets on the auction block in Canada.

Shell’s Corunna refinery, near Sarnia, produces a wide range of fuel and has a capacity of 75,000 barrels a day. The company said it is also gauging market interest in its sour natural gas operations in Alberta.

“Shell continually looks at all aspects of its portfolio to ensure we are delivering on our investment strategy,” it said in a statement. “These assets have been a cornerstone of Shell Canada for many years, however, they are no longer a fit with Shell’s evolving portfolio. New owners may see a strategic opportunity for their development.”

Also this week, Husky Energy Inc. said it is considering selling its fuel retailing network as well as a 12,000-barrel-a-day refinery located in Prince George, B.C. It is not known yet if the assets might be of interest to one buyer or a series of regional players. Analysts’ estimates of value vary widely, but the assets could be worth around $1-billion.

Shell has gone through an extensive overhaul of operations in Canada in recent years. In 2017 it sold its oil sands operations to Canadian Natural Resources Ltd. for US$8.5-billion. The company’s major focus currently is proceeding with the $40-billion LNG Canada project at Kitimat on the British Columbia coast. It has a 40-per-cent stake in the massive development.

Shell did not give a target price for its refinery, which began operations in 1952, and did not say if it was in any advanced discussions with interested parties. If it is unable to find a buyer, Shell will keep operating the plant. “There are no plans for closure,” it said.

In the last decade, Shell had planned a multi-billion-dollar expansion of its refining operations in the Sarnia region, but canceled the project in 2008, citing surging cost estimates and poor market conditions.

Ownership of downstream assets has shifted radically in recent years, with regional companies and convenience store operators snapping up retail sites from major oil companies.

Meanwhile, Shell said it was looking for buyers for its operations that produce and process sour natural gas, which is gas high in sulphur dioxide content. The assets are located in the Waterton, Jumping Pound and Central Alberta regions. It has produced gas at the first two locations since the 1950s. Canada’s conventional gas industry has been under severe pressure amid weak prices and falling demand from the United States due to that country’s rapid development of shale supplies over the past decade.

[waldron] 11/1/2019 17:20

Total
46.785 -1.71%


Engie
13.325 -1.04%

Orange
13.77 +1.47%


FTSE 100
6,918.18 -0.36%
Dow Jones
23,939.36 -0.26%
CAC 40
4,781.34 -0.51%


Brent Crude Oil NYMEX 60.78 -1.46%
Gasoline NYMEX 1.42 -1.01%
Natural Gas NYMEX 3.06 +2.96%



WTI - 11/01 17:58:43
51.72 USD -1.03%


BP
521.2 -1.10%


Shell A
2,361.5 -1.28%


Shell B
2,389 -1.22%

[montyhedge] 11/1/2019 16:12

If the downhill ski slope chart continues I see 2235p.

[p0pper] 11/1/2019 15:45

Can any of you chartists tell if this has broken the down trend please, tia

[wbecki] 11/1/2019 14:26

"Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and that the United Kingdom will stay in the European Union."

Wonder which Remoaner is going to pay first for such for civil war beckons if the democratic vote of the majority is overturned by the minority.

[la forge] 11/1/2019 12:14

LOL

you should be so lucky

[waldron] 10/1/2019 17:24

Total
47.6 -0.48%


Engie
13.465 +1.74%

Orange
13.57 -1.17%

FTSE 100
6,942.87 +0.52%
Dow Jones
23,920.26 +0.17%
CAC 40
4,805.66 -0.16%


Brent Crude Oil NYMEX 61.32 -0.20%
Gasoline NYMEX 1.43 +0.20%
Natural Gas NYMEX 3.03 +1.54%


WTI - 10/01 18:02:42
52.3 USD +0.33%


BP
527 +0.78%



Shell A
2,392 +0.69%


Shell B
2,418.5 +0.98%

[the grumpy old men] 10/1/2019 14:02

10/01/2019 | 11:49
Barclays Capital (BarCap) reaffirms its recommendation to 'overweight' and adjusts its price target from 66 to 65 euros on Total, in a sectoral note on major European oil and gas companies.

'The 38% drop in the price of Brent in 12 weeks reflects the impact of a remarkable combination of economic and political factors in a market that has largely rebalanced', notes the broker, which reduces its assumption to 60 dollars on barrel for 2019.

BarCap now expects annual budgets to be close to the low end of the target ranges, but this still means that he still has enough financial capacity to start or continue share buybacks by some industry groups.

[ianood] 09/1/2019 17:11

Rubbish - the buybacks are in RDSA not RDSB, try looking at the yield, gearing and performance as one of the Worlds major companies!

[montyhedge] 09/1/2019 17:08

Overpriced, buybacks helping keeping this price near 2400p.

[waldron] 09/1/2019 17:05

Total
47.83 +1.33%


Engie
13.235 +0.57%

Orange
13.73 -0.36%


FTSE 100
6,906.63 +0.66%
Dow Jones
23,897.96 +0.46%
CAC 40
4,813.58 +0.84%


Brent Crude Oil NYMEX 61.26 +4.33%
Gasoline NYMEX 1.42 +4.48%
Natural Gas NYMEX 3.00 +1.18%

WTI - 09/01 17:40:43
52.12 USD +4.37%



BP
522.9 +0.60%


Shell A
2,375.5 +0.70%



Shell B
2,395 +0.31%

[ariane] 09/1/2019 13:20

Shell Acquires Total's 26% Stake In Hazira LNG And Port Venture
January 09, 2019, 07:08:36 AM EDT By MT Newswires, MT Newswires

Shutterstock photo

Royal Dutch Shell ( RDS.A ) said pre-market Wednesday that its subsidiary, Shell Gas, has completed the acquisition of French oil major Total's ( TOT ) 26% equity interest in the Hazira liquefied natural gas and port venture in India.

With the transaction, Shell now has a 100% equity interest in the venture. Financial details of the transaction were not disclosed.

The development paves the way for the formation an integrated gas value chain in the region, the Anglo-Dutch company said in a statement. It will also enable Shell to respond to India's demand for cleaner energy solutions.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

[fjgooner] 09/1/2019 12:10

@maywillow

"Re your: MONTY - I observe that you believe in a correlation with the oil price"

After many years of seeing his posts, I can assure you that THE ONLY correlation Monty believes in is whether or not he is long or short on a share at any given moment.

Monty will state that a share is the best thing sliced bread and way undervalued, right up to the second he sells. That share instantly becomes way overvalued and doomed to a massive drop in price - right up to the second he buys again.

Rinse and repeat.

100% transparent.

[waldron] 09/1/2019 09:21

Royal Dutch Shell on Wednesday said it has completed the acquisition of French oil major Total SA's 26 per cent stake in the company that operates 5 million tonnes per annum-Hazira LNG terminal in Gujarat.

"This brings Shell's equity interest in the venture to 100 per cent," the company said in a statement.

It, however, did not reveal the deal size.

Shell had in August 2018 announced plans to buy Total's stake in Hazira LNG and Port venture which comprises of two companies - Hazira LNG that operates an LNG regasification terminal in Gujarat and Hazira Port, which manages a direct berthing multi-cargo port at Hazira.

"Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, announced today (Wednesday) that it has completed acquisition of 26 per cent equity interest in the Hazira LNG and Port venture in India from Total Gaz Electricit Holdings France (Total)," the statement said.

[waldron] 08/1/2019 17:23

Total
47.2 -0.21%


Engie
13.16 +1.08%

Orange
13.78 -2.96%


FTSE 100
6,861.6 +0.74%
Dow Jones
23,655.35 +0.53%
CAC 40
4,773.27 +1.15%


Brent Crude Oil NYMEX 58.82 +2.60%
Gasoline NYMEX 1.37 +2.28%
Natural Gas NYMEX 3.00 +1.97%


WTI - 08/01 18:02:32
49.87 USD +2.38%


BP
519.8 -0.19%


Shell A
2,359 -0.38%


Shell B
2,387.5 -0.06%

[zho] 08/1/2019 15:36

Steve73,

You could set the frequency to monthly on and read off the values.

[steve73] 08/1/2019 14:20

Hi, I recall someone on here occasionally posts monthly averages for WTI & Brent oil.

You don't happen to have the monthly averages for the last 6 months (2018 H2) readily available, or could provide a suitable summary link.

TIA,

[borisjohnsonshair] 08/1/2019 14:01

It's Tuesday

[borisjohnsonshair] 08/1/2019 14:01

Why did you post that. We know.

[la forge] 08/1/2019 12:39

Shell B
2,399.5 +0.44%

[la forge] 08/1/2019 12:37

US carbon emissions see largest yearly gain in 8 years, data show
Published 38 min ago
Anmar Frangoul




Key Points

The figures are based on “preliminary power generation, natural gas, and oil consumption data.”
Transportation sector remains largest source of emissions in the U.S. for the third year in a row.

GP: Greenhouse Gas Emissions In The U.S.
Vehicles traveling along the The New Jersey Turnpike in Carteret, New Jersey.
Kena Betancur/VIEW press | Corbis News | Getty Images

U.S. carbon dioxide (CO2) emissions saw a yearly increase of 3.4 percent in 2018, according to preliminary estimates released Tuesday.

The rise represents the second-biggest yearly gain in over two decades, independent research provider the Rhodium Group said in a note. The figures are based on “preliminary power generation, natural gas, and oil consumption data.” The increase was only surpassed by the 2010 figures when the economy was bouncing back from the global financial crash, it said.

Breaking the figures down, the transportation sector remained the largest source of emissions in the U.S. for the third year in a row, with “robust growth in demand” for both diesel and jet fuel offsetting a “modest” drop in gasoline consumption.

While a record amount of coal-fired power plants were shut in 2018, emissions from the power sector grew by 1.9 percent, the note said. This was down to natural gas replacing the majority of this lost generation and feeding the majority of growth in electricity demand.