Shell Share Discussion Threads

[waldron] 28/5/2019 06:36

Stocks in Asia gain as Trump concludes Japan visit amid hopes of a trade deal
Published 6 hours agoUpdated an hour ago
Eustance Huang
@EustanceHuang




Key Points

Shares in Asia traded higher on Tuesday afternoon.
U.S. President Trump is currently in Japan as part of a four-day state visit, where he said during a Monday news conference with Japanese Prime Minister Shinzo Abe that he hoped to announce a trade deal with the country soon.

[waldron] 27/5/2019 17:20

Brent crude gets nudge as market weighs Trump comments, rig data
By Verity Ratcliffe on 5/27/2019

DUBAI (Bloomberg) -- Brent crude rose even as President Donald Trump said the U.S. isn’t ready to make a trade deal with China, casting a shadow on prospects for oil-demand growth.

Futures in London gained as much as 1%, with the UK and U.S. both closed for public holidays. U.S. crude held gains above $58/bbl after American explorers reduced drilling activity to the lowest level in more than a year. The U.S. isn’t ready to reach a trade pact with China, and it isn’t pursuing regime change in Iran, Trump said in Tokyo. Prices edged lower on his comments initially but later rebounded.

U.S. crude was little changed after posting its biggest loss of the year last week, including a 5.7% drop on Thursday. Political tensions in the Middle East persisted but got no worse, allaying fears that oil shipments might be disrupted. Data released Monday showing a drop in Chinese industrial profits for April provided more evidence of the trade war’s impact.

“Saying they’re not ready to make a deal with China really doesn’t help sentiment, but we’ve seen such a sell-off over the last week or so, and I think we’re seeing the market consolidate around these levels,” said Warren Patterson, head of commodities strategy at ING Bank NV.

Permian drillers continue to deploy fewer rigs amid U.S.-China trade war

Brent crude for July settlement was 0.7% higher at $69.14/bbl on London’s ICE Europe Futures at 5:55 p.m. in Dubai. The global benchmark crude settled 1.4% higher on Friday. Brent is trading at a $10.65 premium to West Texas Intermediate, the widest spread in almost a year.

WTI for July delivery was down 18 cents at $58.45/bbl on the New York Mercantile Exchange. The contract closed 72 cents higher on Friday, paring its loss for the week to 6.6%.

While Beijing is committed to reaching an agreement with the U.S., it’s ready to respond with more countermeasures, Chinese envoy Cui Tiankai said in an interview with Bloomberg TV on Friday.

Futures in New York closed higher on Friday after Baker Hughes released data showing the number of working U.S. rigs fell for the fifth time in six weeks. However, the number of rigs in operation in the U.S. “is not as significant as it used to be” because more shale oil wells are drilling into the same amount of crude, said Michael Poulsen, an analyst at A/S Global Risk Management Ltd.

The impact of the drop in U.S. rigs is likely to be temporary, and oil prices will probably stay under pressure this week, said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Ltd. in Singapore.

[waldron] 27/5/2019 17:06

CAC 40
5,336.19 +0.37%
SBF 120
4,210.82 +0.35%
EuroStoxx 50
3,362.64 +0.37%
DAX Index
12,071.18 +0.50%
Ftse Mib
20,349.8 -0.13%

Brent Crude Oil NYMEX 69.71 +1.48%
Gasoline NYMEX 1.94 +1.24%
Natural Gas NYMEX 2.58 -1.30%

(WTI) - 27/05 17:43:48
58.91 USD +0.27%

Eni
14.07 +0.11%



Total
47.85 +0.62%


Engie
12.75 +1.03%

Orange
14.02 +0.50%

Heres to upward momentum tomorrow

CHEERS

[florenceorbis] 27/5/2019 09:28

European markets seems to be happy with the euro vote thus far

so i guess uk market will be up tomorrow

[florenceorbis] 27/5/2019 09:17

Nigeria loses $700 billion to shutdown of Rivers oil field
By Ann Godwin, Port Harcourt
27 May 2019 | 4:07 am
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4 hours ago

Belema flow station

Shell not re-entering Ogoni for exploratory activities’
The Federal Government is reportedly losing over $700 billion to the Belema flow station shut down two years ago in Akuku-Toru Local Council of Rivers State.

The facility, operated by Shell Petroleum Development Company (SPDC), was closed in August 2017 following a series of protests by youths and elders from two communities of Kula kingdom.

The protesters, who occupied the flow station for weeks, claimed that the Dutch firm had not considered them during the five-year period the OML 55 was leased to it.

The host community insisted that they no longer want the oil major in their area.

The people later canvassed that the oil field should be allotted to one of their sons and president of Belemaoil Nigeria Limited, Jack-Rich Tein jnr, who according to them, had developed the region, empowered youths and women.

The case of who operates the oil installation however remains unresolved.

But the multinational’s General Manager, External Relations, Igo Weli, during the 2019 Shell Nigeria briefing at the weekend in Port Harcourt, lamented that the nation had lost over $700 billion during the period of the shutdown.

He regretted that the funds could have been channelled to upgrading and building infrastructure like roads, schools, and electricity nationwide.

The spokesman blamed the development on sentiments of the people.

He said: “ We chose to be emotional and because of that, Nigeria has lost $700 billion because the aggrieved community wanted their own to handle it.

“This sends a very bad signal to investors, and it will affect the oil industry if we do not handle it urgently.

“If other Kalabari, who operate oil wells in other places and states are asked to go and let the owners handle the facility, then it is going to be a very dangerous trend.

“This is like a Nollywood movie, but we need to resolve this and hopefully, it will be resolved in a way that it will not harm the industry.”

Weli disclosed that several stakeholders’ meetings had held sequel to the operation of the facility, expressing optimism that the squabble would be sorted out soon.

He stated that Shell had no plan of re-entering Ogoniland for oil exploration.

[grupo] 27/5/2019 07:27

RBC Capital Markets Sector Performer 2,485.00 - Reiterates

[buywell3] 27/5/2019 07:12

………;……̷0;……R30;…… THE PEOPLE OF ENGLAND HAVE SPOKEN ………;……̷0;……R30;……230;…



The EU is now a fractured nightmare of differing opinions and aims following these elections.



Not so England



The English people have overwhelmingly got behind The BREXIT Party whose sole aim is to leave the EU on Halloween .



NO Ambiguity



Will the Tory MP's now get behind a new PM who will deliver what the people of England want … to leave the EU Oct 31st ?


Or will they take no notice of the plebs and install a remainer as PM thinking they know what is best for them ?


I would not be surprised to see them do the latter as they have proved themselves crass incompetents with cloth ears for the last 3 years.


The people of England will then kill the Tory Party stone dead in the next election that follows … and those Tory MP's will all have to get a proper job. Many will fail as they have no skills to offer , they will go on benefits.

[waldron] 27/5/2019 06:41

Better Buy: ExxonMobil vs. Royal Dutch Shell

Published May 26, 2019MarketsMotley Fool

EXTRACTS

ExxonMobil (NYSE: XOM) has a yield of 4.3%, while Royal Dutch Shell's (NYSE: RDS-B) is 5.8%. Is that enough information to pick between these two integrated energy giants? The answer is no, but the details are a little subtle. Here's how these two oil and natural gas giants are similar and how they are different. It's the little differences that will push you toward one or the other.

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$


You could probably flip a coin, but...

When you step back from Exxon and Shell and look at the big picture, they are both very good companies. Each is financially strong and providing investors with a material return on their investment via dividends. Oil and natural gas will also be the main factor driving each company's business for many years to come. Neither is a bad option.

However, there are nuances that might matter to some investors. The differing approaches to the balance sheet, disparate dividend histories, and Shell's effort to expand into the electric sector (or Exxon's decision to stick to oil and gas) might tip the scale one way or the other for some investors. In this instance, the most conservative out there will probably prefer Exxon. Income investors looking to maximize the dividends they generate from their portfolio, though, wouldn't be making a bad choice if they went with Shell.

[waldron] 27/5/2019 06:23

European stocks set to open slightly higher in the wake of EU elections
Published 23 min ago
Ryan Browne
@Ryan_Browne_




Key Points

Investors are largely focused on results of the EU parliamentary elections.
The euro rose against the dollar despite an uptick in support for nationalists.

European shares are set to begin in positive territory on Monday, as an EU Parliament election showed Europhile parties still held a majority despite a rise in support for nationalists.
European Markets: FTSE, GDAXI, FCHI, IBEX
TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME
FTSE FTSE 100 FTSE 7277.73 46.69 0.65 653148230
DAX DAX DAX 12011.04 0.00 0.00 0
CAC CAC CAC 5316.51 0.00 0.00 89058431

In Germany, the DAX was set to rise by 21 points to 12,032, while France’s CAC was seen up by 13 points to 5,318, according to IG index data. Markets in the U.K. are closed due to a bank holiday.

Markets in Europe will largely be focused on results of the EU parliamentary elections. Initial results suggested a strong showing for Liberal and Green parties, with euroskeptic groups in Britain and France holding the gains they saw in 2014.

Pro-EU parties are still expected to make up the majority of the Parliament, however, holding on to about two-thirds of the seats. But right-wing populist parties in both the U.K. and France made solid gains, with Nigel Farage’s Brexit Party comfortably beating Britain’s two main parties and Marine Le Pen’s National Rally narrowly beating President Emmanuel Macron’s centrist party.

The euro rose 0.1% against the dollar to about $1.12, despite the uptick in support for nationalists.

Elsewhere, trade tensions continued to be a focal point for investors. The billionaire founder of Chinese telecoms giant Huawei, Ren Zhengfei, told Bloomberg on Sunday that despite Beijing’s heated trade war with the U.S., he would oppose any Chinese retaliation against major rival Apple.

Meanwhile, U.S. President Donald Trump on Monday put pressure on Japan to have the balance of trade between the two countries “straightened out rapidly.” Trump has threatened to hit the country’s automakers with high tariffs.

In Asia, the MSCI Asia ex-Japan index rose about 0.2%, while Japan’s Nikkei 225 rose almost 0.3%.

[maywillow] 26/5/2019 06:42

Jefferies International Buy from 2,950.00 to 3,000.00 Reiterates

[maywillow] 26/5/2019 06:23

Late May Bank Holiday May 27th


London Stock Exchange Stock Market Holiday



Memorial Day is a federal holiday in the United States for remembering and honoring people who have died while serving in the United States Armed Forces. The holiday, which is observed on the last Monday of May, was most recently held on May 28, 2018. Memorial Day was previously observed on May 30 from 1868 to 1970. Wikipedia
Date: Monday, May 27, 2019

financial markets closed

[ariane] 26/5/2019 06:08

Bloomberg / New York

Oil prices will overcome the current trade-war gloom and push higher as investors put aside their temporary bearishness to focus on tightening supply fundamentals, according to Citigroup Inc.
The US lender sees Brent crude rising to $75 a barrel – around 4% above current levels – in the short term and possibly overshooting toward $78, Ed Morse, Citi’s global head of commodities research, wrote in a note dated May 20. Price declines since late April are an opportunity to go long, he wrote.
The growing pessimism around the US-China trade relationship will be short-lived as US President Donald Trump will probably seek a deal later this year to bolster his re-election chances, according to Citi. The potential hit to demand from the breakdown in relations between Washington and Beijing is distracting traders from the physical supply squeeze caused by sanctions on Iran and Venezuela, output risks in Libya and Russian contamination issues.
“This level of divergence between physical and financial conditions rarely lasts long and financials eventually reconnect to the physical market,” Morse wrote in the note. “Our economists are still cautiously optimistic that a trade war today will result in at least an interim trade deal this year.”
Trade-war uncertainty has contributed to hedge fund managers pulling back from the oil market, with the proportion of futures contracts they are holding near the lowest since 2016. Meanwhile, the supply backdrop is being reflected in Brent’s 3-month price structure, which is in the steepest backwardation – where prompt prices are higher than later-dated contracts – since 2014.
Brent the global crude benchmark, has retreated around 5% from a high in late-April, paring its gain this year to 33%.
The latest geopolitical disruptions are echoes of 2011 to 2013 when Libyan and Iranian barrels were pulled from the market, dramatically tightening the global crude balance, according to Citi.

[ariane] 26/5/2019 06:04

Crude Oil: Sell, And Sell Short
May 25, 2019 9:38 AM ET|

|
About: The United States Oil ETF, LP (USO),
Summary

The fundamental thesis of bullishness seen since February has now ended and crude is likely headed lower.

USO is exposed to roll yield and we are likely to see this roll yield continue to hamper performance.

Refining is choosing to allow imports to capture cracks rather than running to meet demand - as long as this continues, look out below.

The last month has been hard for holders of the United States Oil ETF (USO) with shares falling by over 11%, nearly half of which occurred in the last week. In this article, I will examine the nuances of the USO ETF and explain why price has been falling and why it is likely to continue to do so.

[crossing_the_rubicon] 24/5/2019 20:45

Grupo
"YOU englanders are all the same unless you are a real LONDONER and southerner which is the biggest tribe"

Southerner, Londoner,and it most definitely is "The UK" needs to do deals with,and not England. Such is a common mistake Americans make - always referring to UK as England.

Suspect that it will be England going forward as the Union is bust. Served its time.
Scots going one way, England the other. NI , inevitably, will reunite with Republic of Ireland, just as East & West Germany did, just as North & South Korea will as will..

UK had a great impact, some bad, but plenty good.

Time to pass the baton. Time to focus solely on making life better for Brits rather than getting involved overseas, in Europe, in Africa, in Asia.

FTAs/Bilaterals but no military interventions,no foreign aid....

Time to press the reset button.

Much work to be done.

[waldron] 24/5/2019 19:26

FTSE 100
7,277.73 +0.65%
Dow Jones
25,581.08 +0.36%
CAC 40
5,316.51 +0.67%

Brent Crude Oil NYMEX 68.44 +1.00%
Gasoline NYMEX 1.91 +0.79%
Natural Gas NYMEX 2.61 +0.62%

(WTI) - 24/05 19:56:56
58.48 USD +0.50%



Eni
14.054 +0.96%

Total
47.555 +0.35%


Engie
12.62 +0.56%

Orange
13.95 +1.23%

Bp
544.5 +0.07%

Vodafone
126.1 +2.25%

Royal Dutch Shell
2,487 +0.51%

Royal Dutch Shell
2,500.5 +0.60%

[la forge] 24/5/2019 09:20

2508.00 GBp +0.91%

[grupo] 24/5/2019 09:03

Have a good one and one on me

cheers

[fjgooner] 24/5/2019 09:02

Grupo,

Yes, I shall be going down to my harbour-side pub after lunch and will be raising a glass or two to our successful venture in the Gulf Of Mexico.

And what fantastic weather we have for it.

Happy days. :)

[grupo] 24/5/2019 08:36

RDSA Jefferies International Buy- - Reiterates

[grupo] 24/5/2019 08:15

NICE start to this beautiful day


I take it you shell B going down to the harbour today fjg

enjoy

[grupo] 24/5/2019 08:13

America, Australia and New Zealand , Canada and India.

These are the countries that England need to do FREE Trade with. I am sure they would do so.

It remains for the newly elected Government to now do what is right for just once ... for the good of England and the benefit of its people.

buywell



its called UK

YOU englanders are all the same unless you are a real LONDONER and southerner which is the biggest tribe

[buywell3] 24/5/2019 08:08

OIL is IMO starting another move down ... $50 retest looks likely IMO



.......... TRUMP --- MAY --- BORIS --- & --- FARAGE .........


May will probably be kept in place to welcome Trump on his UK visit to England

I am sure she is looking forwards to meeting and greeting him .

As she is to receiving a lecture on what she did wrong and she should have followed his advice on negotiating with the EU.

Which of course from an English perspective is 100% correct. America is our friend and biggest and strongest ally . America is our best trading partner , the EU is our worst with Germany being the worst in terms of a trade balance.


List of the largest trading partners of United Kingdom
Rank Country .............. Trade balance
1 Total for non-EU -20,819,626,855
- European Union (Total) -86,318,048,557
2 Germany......... -30,478,132,375
3 United States +9,986,893,657


May showed what a terrible leader she is by dissing Donald and chumming up with Merkel. She wants England to stay in the EU ... always has ... always will.


Trump likes Nigel Farage a lot.


If Boris has any sense he will do the deal with the Brexit Party after the next elections to form the coalition that will be needed to get a majority.

Farage at a minimum should be the England ambassador to the USA , Trump wants and would like that ... he likes what Farage says and it would be very good for future USA / England trade negotiations.

The future of England needs to be realigned with our old and trusted friends and NOT the EU who are our enemies and want to do us down at every opportunity they get, France and Germany in particular who unfortunately have both never forgiven us for giving them a bloody nose on the battlefield and on the high seas many , many , many times.

America, Australia and New Zealand , Canada and India.

These are the countries that England need to do FREE Trade with. I am sure they would do so.

It remains for the newly elected Government to now do what is right for just once ... for the good of England and the benefit of its people.

buywell