Shell Share Discussion Threads

[stewart64] 08/2/2019 20:00

What is the formula for Stateside RDSB price conversion. The price looks to be based on double the prop of market cap. Is the conversion therefore exactly NY price ÷2÷ prevailing exchange ( roughly 1.2935 as of now) ? Thanks. (Don't think it's that simple as at 4.35pm GMT the price was 64.17 in NY and a tad high at 24.80 on that formula).

[waldron] 08/2/2019 17:33

FTSE 100
7,071.18 -0.32%
Dow Jones
24,951.9 -0.86%
CAC 40
4,961.64 -0.48%

Brent Crude Oil NYMEX 61.83 +0.32%
Gasoline NYMEX 1.43 +0.19%
Natural Gas NYMEX 2.58 +1.29%

WTI (WTI)
- 08/02 18:05:46
52.55 USD +0.17%


Eni
14.516 -0.12%



Total
48.43 +0.80%

Engie
13.74 -0.51%

Orange
13.27 -1.19%

BP
544 -0.60%


Shell A
2,414 -0.29%


Shell B
2,443 -0.35%

Ending the week in the 2375 to 2475p BOX
PREMIUM 29p


enjoy your weekend

lets hope we have more excitement with a substantial spike up

enjoy and take care one and all

[waldron] 08/2/2019 16:07

European stocks fall amid further tensions over US-China trade; Wirecard falls 15%

President Trump said he would not meet with Chinese leader Xi Jinping before the self-imposed March 2 deadline to reach a Chinese-U.S. trade deal.
Fears around slowing global economic growth also impacted sentiment after both the European Commission and the Bank of England slashed growth forecasts.
U.K. Prime Minister Theresa May agreed Thursday to return to Brussels before the end of the month for further meetings with EU officials.

Silvia Amaro | Ryan Browne
Published 9 Hours Ago Updated 5 Mins Ago

[grupo] 08/2/2019 15:21

Anti-OPEC bill allowing U.S. to sue oil cartel moves forward

Stephen Cunningham, Bloomberg Published 7:11 am CST, Friday, February 8, 2019

Russian Minister of Energy Alexander Novak, Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al Mazrouei, from left, attend a news conference after a meeting of the Organization of the Petroleum Exporting Countries, OPEC, and non OPEC members, at their headquarters in Vienna, Austria, Austria, Friday, Dec. 7, 2018. NEXT: Which countries are members of OPEC? Photo: Ronald Zak, STR / Associated Press / Copyright 2018 The Associated Press. All rights reserved.

Photo: Ronald Zak, STR / Associated Press
Image 1 of 22

Russian Minister of Energy Alexander Novak, Khalid Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia and Minister of Energy of the United Arab Emirates, UAE, Suhail Mohamed Al
... more

Legislation that would allow the U.S. government to sue OPEC for inflating oil prices cleared a key hurdle in the new session of Congress.

The House Judiciary Committee, now led by Democrats, advanced the “No Oil Producing and Exporting Cartels Act" Thursday. That sets the bipartisan "NOPEC" bill, which would subject the cartel to possible antitrust action by the Department of Justice, up for a possible House vote. A similar bill targeting OPEC was introduced in the Senate on Thursday.

OPEC’s members “deliberately collude to limit crude oil production as a means of fixing prices, unfairly driving up the price of crude oil," House Judiciary Committee Chairman Jerrold Nadler said before voting in favor of the legislation. The law would amend the Sherman Antitrust Act of 1890, the law used more than a century ago to break up the oil empire of John Rockefeller.

RELATED: OPEC seeking legal strategy as U.S. pushes anti-cartel bill

Various iterations of the bill have been proposed in the past, and former presidents have threatened to use their veto power to scupper the legislation. But President Donald Trump could be more amenable, given his frequent twitter attacks accusing the group of keeping oil prices artificially high.

“I’m not going to predict it will get passed and enacted into law, but I think its prospects are pretty good,” said Seth Bloom, former general counsel of the Senate Antitrust Subcommittee. “OPEC doesn’t have too many friends right now and the legislation may likely have a friend in the White House given Trump has written favorably about it in the past."

U.S. Assistant Attorney General Makan Delrahim told members of a House subcommittee in December the administration “continues to study” the legislation.

“If OPEC members conducted the same manipulation in the United States that they practice in Vienna, they could be prosecuted,” said Robbie Diamond, who heads up Securing America’s Future Energy. “Their actions have a profound impact on U.S. consumers, businesses and our military, and our government can no longer allow that.”

[flyinggogo] 08/2/2019 10:36

Tell me about it, I wonder how much the government makes on stamp duty just on stock trades every day? Currently using halifax who are ok for long term holding but not so good for multiple trades per year.I remember reading somewhere 'never sell shell', and i work with a guy who works on this ethic, but over the years he has missed so many opportunities to increase his holdings through trading. Each to their own i guess - he doesnt have to watch the markets as closely.

[waldron] 08/2/2019 08:28

Royal Dutch Shell PLC (RDSA.LN) will take a majority working interest in Cluff Natural Resources PLC's (CLNR.LN) P2252 license in the North Sea.

Cluff said Friday that Shell will take on a 70% working interest in the license in return for paying all development costs until either an investment decision is made, or the end of 2020, whichever is earlier.

The work program for the license includes the acquisition of not less than 400 kilometers of new 3D seismic data and subsurface studies. All costs following a well investment decision will be shared by the two parties in proportion to their working interests.

The P2252 license includes the Pensacola prospect, which is estimated to contain 566 billion cubic feet of gas, or 100 million barrels of oil equivalent.

Shell will also pay $600,000 for an option to acquire a 50% working interest in Cluff's P2437 license by April 30, 2019, where the two parties will assess the drilling of an exploration well.



Write to Adam Clark at [e-mail]; @AdamDowJones



(END) Dow Jones Newswires

February 08, 2019 03:04 ET (08:04 GMT)

[the grumpy old men] 07/2/2019 18:02

Shell A
2,421 -1.53%


Shell B
2,451.5 -1.51%

the difference between A and B shares sp

B SHARES not subject to withholding tax on dividends payments

[fjgooner] 07/2/2019 18:00

He means the difference between the share prices of RDSA and RDSB.

[flyinggogo] 07/2/2019 17:33

May i ask what your 30.5p premium refers to?

[waldron] 07/2/2019 17:11

FTSE 100
7,093.58 -1.11%
Dow Jones
25,051.61 -1.33%
CAC 40
4,985.56 -1.84%


Brent Crude Oil NYMEX 61.23 -2.33%
Gasoline NYMEX 1.41 -3.54%
Natural Gas NYMEX 2.58 -2.97%


WTI - 07/02 17:44:45
52.2 USD -3.23%




Total
48.045 -1.51%

Engie
13.81 -1.11%

Orange
13.43 -1.00

Eni
14.534 -2.19%

BP
547.3 -1.21%


Shell A
2,421 -1.53%


Shell B
2,451.5 -1.51%

SO SLUMPED BACK INTO THE 2375 to 2475p BOX again
with a 30.50p premium

[ariane] 07/2/2019 13:48

Majors exceed earnings expectations in 2018
By Kelly Gilblom and Rakteem Katakey on 2/7/2019

LONDON (Bloomberg) -- The crude market had its worst quarter in four years, but you wouldn’t be able to tell by looking at the majors’ stellar earnings numbers.

The world’s five largest publicly traded oil companies exceeded analyst expectations, in some cases obliterating them. The result lends credibility to what they’ve been saying: that they’ve been disciplined, focusing on the lowest-cost bbl which can churn out profits even during incredible market volatility.

“People are waking up to the fact that these companies can operate with a low oil price,” Christyan Malek, an analyst at JP Morgan Chase & Co., said by phone. “We continue to stay bullish on the group.”

Here are the five biggest takeaways from the 2018 earnings season:

1. Cash is king

If there’s one thing the majors’ have learned to excel at, it’s generating mounds of cash. The whole sector became bloated in the years leading up to 2014, as higher and higher crude prices made even ultra-expensive, over-engineered mega-projects look profitable.

Investors punished that short-sighted view and have continually pressured companies to get lean. As a result, oil majors are focused on bbl that require lower operating and capital expenditures.

At BP alone, the company said it cut upstream costs by 45%. The result was the highest cash-generating quarter for the five largest oil majors since 2011, which will be used to buy back shares, cut debt and start more high-quality projects.

2. Less focus on reserves

In the old days, the only figure that really mattered to oil companies was the reserves number, and it could be career-ending for a chief executive officer to allow oil fields to deplete without replacing them with as many, or preferably more, new bbl.

The view today is more mixed. While investors rewarded Exxon Mobil for replacing all of its reserves in the fourth quarter while also turning around falling output, they pushed Royal Dutch Shell shares up when the company said it had only replaced about half its reserves. CFO Jessica Uhl said in an interview on Bloomberg Television that she wasn’t worried about the figure at all: “We’re focusing on growing value and growing our cash flow.”

In the fourth quarter, that attitude was on display. Production fell and investors shrugged it off, as the sector made clear it can do more with less.

3. Downstream holds its own

Downstream was the saving grace of the sector when crude prices collapsed between 2014 and 2017. Refineries got oil cheaply, making it less expensive to turn it into products such as gasoline or diesel.

Companies weren’t as reliant on that division in 2018, since oil prices rose through most of the year, but remained strong through the last quarter, helping the five largest oil companies exceed analyst estimates. Chevron is the only firm that churned out less in the downstream segment than at the start of 2014, when oil was trading at more than $100/bbl. The decline was due to divestments in Canada and South Africa as well as expenses associated with maintenance in the U.S., CFO Pat Yarrington said.

4. Debt starts to ease

Buying low and selling high is always a good idea, and some companies, such as Total, piled on the debt to snap up assets during the downturn. As free cash flow ratchets up thanks to companies’ “capital discipline,” they are actively de-leveraging. The move may give them some extra dry powder to buy more production in the future.

The notable exception is BP. The British oil major’s net debt is at its highest level in at least a decade; a combination of a $10.5 billion purchase of U.S. shale assets and the continuing financial burden of making payments for the deadly 2010 Deepwater Horizon catastrophe.

5. Average return ratchets up

Little else makes investors grumpier than wasted capital. And companies acknowledged they did go a bit too far in spending on projects that were ultimately not that profitable in recent years.

Now they’re focused on increasing their average return on capital employed again. European majors Shell, BP and Total all broke out annual figures to show how returns are improving.

[waldron] 06/2/2019 17:11

FTSE 100
7,173.09 -0.06%
Dow Jones
25,397.88 -0.05%
CAC 40
5,079.05 -0.08%


Brent Crude Oil NYMEX 62.74 +1.23%
Gasoline NYMEX 1.45 +1.75%
Natural Gas NYMEX 2.65 -0.34%

WTI - 06/02 17:41:35
54.16 USD +0.78%


Eni
14.86 -0.54%

Total
48.78 -0.25%

Engie
13.965 -0.96%

Orange
13.565 -0.48%


BP
554 +1.28%


Shell A
2,458.5 -0.06%


Shell B
2,489 +0.08%

BIG DAY FOR TOTAL TOMMORROW
IF ALL GOES WELL IT MIGHT PUSH EUROPEAN MAJORS HIGHER

RDSB STILL MANAGED TO STAY IN THE 2475 to 2575p BOX
premium increased to 30.50p

[flyinggogo] 06/2/2019 16:54

Fjgooner, erogenous jones,Thanks for both of your valuable insights.I havent traded rdsb for 6 years, since the refinery I worked at was sold - got some catching up to do!My plan was to reassess after making a personal 10% ROI, but Ive hit that rather more quickly than I imagined...

[waldron] 06/2/2019 16:43

Oil And Gas In Spotlight At State Of The Union
By Irina Slav - Feb 06, 2019, 9:00 AM CST
Join Our Community
Trump SOTU

Record-breaking oil and gas production in the United States was one of the focal points of President Trump’s State of the Union Address this week, with an emphasis placed on the rollback of industry regulation that made this possible.

“We have unleashed a revolution in American energy -- the United States is now the number one producer of oil and natural gas in the world. And now, for the first time in 65 years, we are a net exporter of energy,” Trump said.

Energy analysts were quick to question the latter, if not the former, part of this statement, with data showing the U.S. only became a net exporter of energy for a short while last year, the overall ratio between production and consumption of hydrocarbons still makes the United States a net importer. Nevertheless, imports have fallen sharply in the last two years.

Local crude oil production is close to touching 12 million bpd. The latest weekly estimate from the Energy Information Administration has it at 11.9 million bpd. The agency last year forecast that if the pace of production increase continues, the United States could become a net energy exporter by 2020.

The United States has indeed increased its natural gas production, overtaking Iran and Russia to secure the title of the world’s largest producer of natural gas. Exports of that commodity are growing, too. A new report from Rystad Energy said, “With increasing export capacity, US LNG might be in a position to pose a serious challenge to Russian gas on the European market this year. Prices will come under pressure due to the healthy supply situation but the market is expected to tighten again after 2022, meaning that investment decisions for new liquefaction projects are needed this year in order to satiate future demand.”

The author of the report, Rystad’s head of gas market research, Carlos Torres Diaz, also said U.S. projects coming on stream will be the biggest contributors to global LNG production growth, which will hit 11 percent this year, to a total 350 million tons.

By Irina Slav for Oilprice.com

[maywillow] 06/2/2019 15:20

oilretire
6 Feb '19 - 15:04 - 4983 of 4983
0 0 0
F'n sensational headlines... "kill oil demand within decade"

Then the opening line tells the truth of the matter..... "sees a peak in global demand for crude oil around 2030"

oilretire

Like a lot of these predictions very often they take longer to happen

also lol, i might not be around to witness such happenings

so in the meantime i hope for dividends and a good capital gain in the coming months and years

[oilretire] 06/2/2019 15:04

F'n sensational headlines... "kill oil demand within decade"

Then the opening line tells the truth of the matter..... "sees a peak in global demand for crude oil around 2030"