Shell Share Discussion Threads

[montyhedge] 02/7/2019 15:54

Shell holding very well, seeing oil is getting hammered.

[la forge] 02/7/2019 11:04

Oil price ‘could easily be $75’ if trade truce boosts demand, expert says
Published 2 hours ago
Holly Ellyatt
@HollyEllyatt




Key Points

OPEC’s decided Monday to extend supply cuts to March 2020 in a bid to support oil prices amid a weakening global economy.
Crude rose more than 1% in Monday’s session on OPEC’s decision but has since pared gains.
The oil demand outlook could depend on how well trade talks between the U.S. and China go.

[waldron] 02/7/2019 07:01

European stocks set for higher open as Trump says US-China trade talks underway
Published Moments Ago
Elliot Smith
@ElliotSmithCNBC




Key Points

President Trump said on Monday that trade talks were back underway between the world’s two largest economies after the leaders met on the sidelines of last week’s Group of Twenty (G-20) summit in Osaka, but added that any deal would need to be somewhat tilted in Washington’s favor.
Just days after reaching a truce in the U.S.-China trade war, the White House went on to ratchet up pressure on Europe, proposing $4 billion in potential additional tariffs on European Union goods amid a long-running dispute over aircraft subsidies

European stocks are set to continue their rally on Tuesday after U.S. President Donald Trump said that trade talks with China, which had stalled in May, have “already begun” following his meeting with Chinese President Xi Jinping at the weekend.

The FTSE 100 was seen gaining a further 16 points to 7,513, the DAX is expected to open around 12 points higher at 12,534, and the CAC is set to edge 7 points higher at 5,575.

[waldron] 01/7/2019 17:34

Brent Crude Oil NYMEX 64.94 +0.31%
Gasoline NYMEX 1.92 +1.24%
Natural Gas NYMEX 2.21 -3.33%
(WTI) 58.87 USD -1.08%


FTSE 100
7,497.5 +0.97%
Dow Jones
26,728.36 +0.48%
CAC 40
5,567.91 +0.52%
SBF 120
4,389.93 +0.54%
EuroStoxx 50
3,497.59 +0.59%
DAX Index
12,521.38 +0.99%
Ftse Mib
21,257.98 +0.11%



Eni
14.64 +0.23%


Total
49.775 +1.01%


Engie
13.44 +0.75%

Orange
13.855 -0.07%



Bp
557.9 +1.70%

Vodafone
127.94 -1.07%

Royal Dutch Shell
2,596.5 +0.93%


Royal Dutch Shell
2,603 +0.85%

[waldron] 01/7/2019 17:33

U.S. chip makers looked set to be the big winners in Monday trading after a thaw in trade relations between the U.S. and China over the weekend.

The agreement between Beijing and Washington to get talks back on track and the concessions given to U.S. companies that trade with Chinese telecommunications firm Huawei Technologies lifted investor confidence and boosted Asian and Europe stocks earlier in the day.

Skyworks Solutions Inc., a 5G specialist, was the biggest riser in premarket action, up 6.6%, while Qualcomm Inc. and Broadcom Inc. also did well, rising 5.8% and 4.9% respectively.

That helped U.S. futures broadly, with the S&P 500 and the Dow Jones Industrial Average up by more than 1.1% and 1%, respectively. Changes in equity futures don't necessarily predict moves after the opening bell.

Technology stocks drove the rise in European markets, with STMicroelectronics NV up 5.6%. That helped lift the Stoxx Europe 600 by 1%, while Germany's DAX index was up 1.3%.

Traders and analysts called the moves a relief rally, and cautioned that frictions around commerce between the world's two largest economies were likely to be long-lasting. A better economic outlook with less trade-driven uncertainty could also mean hoped-for interest-rate cuts won't be realized.

"We appear to have arrived at almost exactly the minimum positive outcome to justify financial markets' positive sentiment," said Andrew Jackson, head of fixed income at Hermes Investment Management.

It wasn't just the trade talks that advanced in the meeting of global leaders in Japan this weekend. Russia and Saudi Arabia brokered a deal on cuts to oil production, helping to send Brent crude futures up 1.8% Monday. Confirmation of an oil deal was expected after a meeting of members of the Organization of the Petroleum Exporting Countries later Monday or Tuesday.

The U.S. and Turkey also began to smooth over their differences at the weekend regarding the latter's move to purchase a Russian missile defense system. That helped the Turkish lira rise 2.2% against the dollar.

Haven assets, which tend to rally in times of stress, retreated. Gold fell 1.3%, the Japanese yen weakened slightly against the dollar and 10-year U.S. Treasurys fell in price. That lifted yields, which move inversely to prices, to 2.023% from 1.998%.

The mood wasn't strictly bullish however, as the U.S. dollar, which often weakens when investors get more positive on the global economy, was stronger against a host of currencies. The WSJ dollar index was 0.2% higher.

Yields on major European sovereign bonds slipped slightly after government heads failed to reach an agreement on top jobs in the European Union, including new presidents for the European Commission and the European Central Bank. The 10-year German bund was at minus 0.328%, a fraction below Friday's close.

In China, the benchmark Shanghai Composite Index gained 2.2% on the diminished tensions between the U.S. and China, despite a set of disappointing readings for Chinese economic activity. Weekend data showed factory activity in China contracted for the second straight month in June. Japan's Nikkei 225 Index rose 2.1%.

Shen Hong, Steven Russolillo and Joe Wallace in London contributed to this article.

Write to Paul J. Davies at [e-mail]



(END) Dow Jones Newswires

July 01, 2019 09:00 ET (13:00 GMT)

[waldron] 01/7/2019 17:32

Royal Dutch Shell (RDSA, RDSB) said Monday that two workers died in an incident in the Gulf of Mexico off the Louisiana coast.

"It is with deep sadness that we report two fatalities as a result of an incident this morning at the Shell Auger Tension Leg Platform," the company said in an emailed statement.

The incident occurred Sunday morning, some 214 miles south of New Orleans during a "routine and mandatory test of our lifeboat launch and retrieval capabilities," Shell said.

A third worker received non-life-threatening injuries and is being treated at a nearby hospital, the company said.

Shell's website said the company's Gulf of Mexico operations include operating five major deep-water and ultra-deep-water production hubs, three fixed platforms, numerous subsea production systems, and one of the gulf's largest contracted drilling rig fleets.

"The core of our daily work in deep-water Gulf of Mexico consists of producing oil and gas using our existing production facilities," it said, noting the company's been in deep-water Gulf of Mexico for over 40 years.



Write to Dan Molinski at [e-mail]



(END) Dow Jones Newswires

July 01, 2019 12:06 ET (16:06 GMT)

[grupo] 01/7/2019 07:49

GOOD OLD ROGER

[waldron] 01/7/2019 07:07

European stocks seen sharply higher after US-China trade truce
Published 8 min ago
Elliot Smith
@ElliotSmithCNBC




Key Points

Following a meeting on the sidelines of the G-20 summit over the weekend, President Trump and President Xi confirmed that they do not intend to levy any new tariffs against each other’s products at present.

European markets are expected to surge at Monday’s open after U.S. President Donald Trump and Chinese President Xi Jinping agreed to hold off on additional tariffs in a bid to reignite trade talks.

The FTSE 100 is seen around 62 points higher at 7,488, the DAX is expected to climb around 43 points to 12,541, and France’s CAC 40 is set to open up around 51 points at 5,589, according to IG data.
European Markets: FTSE, GDAXI, FCHI, IBEX
TICKER COMPANY NAME PRICE CHANGE %CHANGE VOLUME
FTSE FTSE 100 FTSE 7425.63 23.30 0.31 730443669
DAX DAX DAX 12398.80 0.00 0.00 0
CAC CAC CAC 5538.97 0.00 0.00 80403102

Following a meeting on the sidelines of the Group of Twenty (G-20) summit over the weekend, President Trump and President Xi confirmed that they do not intend to levy any new tariffs against each other’s products at present, while Trump suggested a reversal of his administration’;s decision to ban American companies from selling products to Chinese telecommunications giant Huawei.

Stocks in Asia Pacific mostly rose in Monday afternoon trade as investors reacted to the weekend’s news. Mainland Chinese shares soared, led by the Shenzhen component which jumped 3.23% while the Shenzhen composite also added 2.93%.

Back in Europe, an emergency European Union summit to decide top jobs at the bloc ran into trouble again, after a deal hatched by several European leaders to appoint former Dutch foreign minister Frans Timmermans as president of the European Commission was rejected by center-right and eastern European leaders.

European investors and brokers are scrambling for solutions before a block on Swiss shares trading on EU exchanges comes into force Monday, following the collapse of political treaty talks between Switzerland and the EU.

Turkish President Tayyip Erdogan said the first delivery of the Russian S-400 missile defense system will take place within 10 days, broadcaster NTV reported on Sunday, a day after Erdogan said Trump had told him there would be no U.S. sanctions over the deal.

[zho] 29/6/2019 16:11

With the world waiting for the first headlines from the Trump-Xi meeting, the most important and unexpected news of the day hit moments ago, when Europe announced that the special trade channel, Instex, that will allow European firms to avoid SWIFT and bypass American sanctions on Iran, is now operational.

......

The announcement sent oil sharply lower, with crude futures falling about $1/bbl in closing minutes before settlement, extending daily loss, as it means Iran now has a fully functioning pathway to receive payment for oil it exports to anyone it chooses.

[adrian j boris] 29/6/2019 14:55

Tax Evasion: Court Upholds FIRS N32.6 Billion Claims Against Shell, Agip, Total

The judgment of the court was as a result of an appeal filed before the court by Federal inland revenue service (FIRS) against the judgment of the Tax Appeal Tribunal that set aside the demand notice including penalty and interest and ruled in favour the oil companies.
by SaharaReporters, New York Jun 29, 2019


A federal high court sitting in Lagos presided over by Justice Chuka Obiozor has ordered four multinational oil companies, namely Shell Nigeria Exploration and production company Limited, Esso Exploration and Production Nigeria (DEEPWATER) Limited, Nigeria Agip Exploration Limited, and Total E&P Nigeria Limited to pay a total sum of $17,900,484.80 as penalty and interest respectively on the imposed education tax of $75,381,332.00.

The judgment of the court was as a result of an appeal filed before the court by Federal inland revenue service (FIRS) against the judgment of the Tax Appeal Tribunal that set aside the demand notice including penalty and interest and ruled in favour the oil companies.

Dissatisfied with the decision of the tribunal, FIRS filed an appeal before the Federal high court.

In a notice of appeal filed and argued before the court, by Barrister Ladipo Ojo, the appellant contended that FIRS issue a notice of assessment and serve it on Shell Petroleum Company, following which the company raised the objection that the basis period used was incorrect.

FIRS responded by withdrawing the assessment and re-issue same and inform the companies, the observed Error and corrections were over the proper basis period and the parties whose names it should be addressed to, the error to be corrected were never the amount of $75,381,332.00.

The error in the original assessment notice does not preclude the Tax Payer from discharging its Tax obligations arising thereof, which in this case should have been the payment on the due date of the tax liability owed.

The companies were not only privy to the amount involved in the assessment but also wilfully held on to Government Revenue for almost two years

Mr. Ladipo Ojo further submitted that FRIS had, therefore, discharged its obligation to serve the assessment on the representative of the contract area in tax matters pursuant to section 39 of the Petroleum Profit Tax Act.

Consequently, the demand notice for the penalty and interest are valid, therefore the appeal should be allowed while the judgment of the Tribunal should be set aside, and also uphold the FIRS demand note.

In his judgment, Justice Obiozor upheld the submission of Mr. Ladipo and allow the appeal.

[adrian j boris] 29/6/2019 12:50

ENJOY

cheers

looking forward to next week

trumpet please do not tweet something silly

[fjgooner] 29/6/2019 12:42

OPEC+ deal agreed, crude drawdowns finally starting to show in IEA data, US-China trade talks resuming with further tariffs suspended, a positive G20, the sun is shining and Wimbledon about to start.

Perfect ...

... off to the harbour. :)

Have a great weekend all and let's look forward to seeing last years £28.50 highs exceeded very soon.

[xxxxxy] 28/6/2019 21:54

The vast majority of 22 oil experts surveyed by CNBC this week expects WT Crude to trade between $50 and $70 a barrel at the end of August, and most analysts see demand and trade disputes as the biggest driver of oil prices right now, despite escalating tension between the U.S. and Iran.

According to the CNBC Oil Survey conducted between June 21 and 26, fifty percent of experts polled expect WTI Crude to be between $60 and $69.99 at the end of August, a range that is just above the current WTI price of $59. Another 41 percent expect WTI in the $50-60 range—the range in which the U.S. benchmark has traded since January this year.

The CNBC survey also found that 52 percent of oil experts see Brent Crude in the $60-69.99 range, where prices have mostly stood this year. Another 38 percent of analysts see Brent prices in the $70-79.99 range at the end of August.

[waldron] 28/6/2019 18:04

31 Dec '18 - 13:36 - 1433 of 1453 Edit
0 4 0
RDSB WISHFUL THINKING PERHAPS FOR THE LONG LONG TERM


waldron
16 Aug '18 - 14:34 - 3451 of 3480 Edit
0 4 0
Should be fun to chalk it up BOX BY BOX


2175 to 2275p

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

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


31st december 2018 WE HAD HOPED TO END THE YEAR IN THE 2675 to 2775p BOX
but alas we have to accept putting up with 2340p in the 2275 to 2375p BOX

FEBRUARY MONTH END GIVES US 2364.5p and thus we find ourselves again for awhile in the 2275 to 2375p BOX

MARCH ENDETH AT 2428p snug in the 2375 to 2475p BOX


APRIL ENDS AT 2464.5p but STILL in the 2375 to 2475p BOX

MAY ENDS AT 2473.50 DUE TO SLIPING BACK INTO THE 2375 to 2475p BOX during the last session


June ends nicely in the 2575 to 2675p BOX at 2581p

[waldron] 28/6/2019 17:57

Brent Crude Oil NYMEX 65.59 -0.12%
Gasoline NYMEX 1.92 +0.01%
Natural Gas NYMEX 2.32 -0.30%
(WTI) 59.39 USD +0.03%


FTSE 100
7,425.63 +0.31%
Dow Jones
26,632.24 +0.40%
CAC 40
5,538.97 +0.83%
SBF 120
4,366.43 +0.84%
EuroStoxx 50
3,473.69 +0.88%
DAX Index
12,398.8 +1.04%
Ftse Mib
21,249.67 +0.66%




Eni
14.606 +0.97%


Total
49.275 +0.31%


Engie
13.34 +1.44%

Orange
13.865 +0.25%

Bp
548.6 -0.38%

Vodafone
129.32 +0.51%

Royal Dutch Shell
2,572.5 -0.39%


Royal Dutch Shell
2,581 -0.52%

[the grumpy old men] 28/6/2019 15:04

The BP USOC sponsor surfboard is seen in One World Trade Center in New York City. The oil giant's existing wind operation is US-based Photo: Getty
Oil giant BP eyes US for offshore wind market debut

Supermajor meets industry players in London ahead of potential entry to sector where fellow fossil groups are already active
by Andrew Lee
28 June 2019 Updated 28 June 2019
Share:
E-mail

Oil and gas supermajor BP this week held talks with offshore wind industry players ahead of a potential entry to the sector, with the US market its favoured option, Recharge has learned.

The UK-based oil giant’s Alternative Energy development manager Anya Hoff held discussions over potential partnerships during the Global Offshore Wind event in London, according to a source familiar with the matter.

Recharge understands that BP is still weighing the options for its first foray into offshore wind, but is especially interested in opportunities in the fast-emerging sector in the US, where its existing onshore wind power operation is based.

Unlike European peers such as Shell, Total and Equinor, BP has no presence in offshore wind, although it owns a significant onshore fleet in the US and is active in solar via its Lightsource BP development unit.

Oil and gas groups are increasingly seen as a key part of the future offshore wind landscape, thanks to the heft of their balance sheets and associated strengths in areas such as offshore engineering.
'Big Oil' bad choice to take wind & solar lead: Macquarie analyst
Read more

Hoff – who in 2017 oversaw BP’s $200m investment in Lightsource that marked its reentry to the solar business – told a company blog earlier this year that the “possibilities of offshore wind” were on her agenda, adding that “I think floating turbine technology is exciting”.

BP CEO Bob Dudley said last year that the company was becoming “more interested” in offshore wind thanks to improving technology and falling costs in the sector.

Any move into offshore wind would mean the oil group was engaged with all three main renewable power sources – onshore and offshore wind, and solar PV – and complete a return to clean energy it first unsuccessfully attempted under the ‘Beyond Petroleum’ strategy of former CEO John Browne.

The oil group has faced growing pressure from activists over its role in fuelling climate change, and from investors keen to see it prepare for the energy transition.

Invited by Recharge to comment on this week's discussions, Hoff said: “We’re developing our renewables business and looking at a broad range of opportunities. We want to invest in the right opportunities at the right time so we’re constantly exploring those opportunities.

“This includes attending many industry conferences and speaking to other participants in the sector. We do not comment on future partnerships.”

Offshore

[the grumpy old men] 28/6/2019 14:51

Shell or BP: which FTSE 100 share would I buy now?

Manika Premsingh | Friday, 28th June, 2019 | More on: BP RDSB
Business man on stock market financial trade indicator background.
Image source: Getty Images

FTSE 100 giant Royal Dutch Shell‘s (LSE: RDSB) share price has been on the rise. It has increased by over 5% at the time of writing this article from the levels seen at the beginning of June. Further, even though there have been a few gyrations over the months, the share price has come a long way from the lowest levels seen in 2019 at the end of January. Needless to say, these are heartening developments for investors.

Going forward, I will be watching the oil sector closely following tensions between the US and Iran and one key question comes to my mind: what is the potential impact on the share price of an oil company like Shell or its peer BP (LSE: BP)?
Oil price outlook

There’s no denying that higher oil prices are good for oil companies, but the potential economic damage from standoffs between countries can erode demand over the longer term, which in turn can negate the gains from price increases. I think both these arguments are worth considering, since we at the Motley Fool are interested in long-term investment opportunities.

There’s no way of knowing how the geo-politics will play out, but I am yet to see any dependable forecasts predicting sharp increases in crude oil prices. In fact, if the situation remains contained, it could be exactly the opposite. The International Energy Agency’s update in mid-June said that supply is enough to “limit significant upward pressure on oil prices” going into 2020.
Shell looks ahead with confidence

With this as the background, I’d consider Shell’s merits as a company independent of the wider environment it operates in to make an investing decision. In other words, the latest oil price increases are a distraction from the actual investing story rather than a determining factor. From the last time I wrote about it, fully convinced that this is indeed a share worth holding in the long-term, little has changed. In fact, the price has risen by around 20% since. The company also sounds confident about the future, as revealed in its latest strategy update and financial outlook for 2025.

Despite this, its price-to-earnings ratio (12 months trailing) is at an affordable 11.6x compared to peer BP, which is trading at 14.3x. Interestingly enough, this is despite the fact that BP has seen a lower share price rise in recent months. While the price charts for both companies reveal that they tend to move together, Shell has been the one that has attracted most investor interest.
BP has its merits

This doesn’t of course mean that BP isn’t a buy as the company has a lot going for it too. I am inclined towards shares that offer a good return on capital but dividends are an important consideration for investors and BP ticks those boxes. As my Foolish colleague Rupert Hargreaves pointed out recently, its dividend per share has risen impressively over the years and its strong track record is expected to continue. The share has also given good returns on capital, and I believe there is little in the company’s performance to suggest that it will be derailed.

On balance, though I’d rather buy Shell. The bargain-hunter in me is attracted to the fact that it is still the cheaper of the two but its strong current momentum also appeals.

Capital Gains

In the meantime, one of our top investing analysts has put together a free report called "A Top Growth Share From The Motley Fool", featuring a mid-cap firm enjoying strong growth that looks set to continue. To find out its name and why we like it for free, click here now!

Manika Premsingh has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned.

[grupo] 28/6/2019 08:30

Business
Shell, Exxon Mobil eye re-entry into Somalia's upstream sector

Royal Dutch Shell and Exxon Mobil are looking to re-enter the market in Somalia ahead of an oil block bid round taking place later this year, the country's oil ministry said in a statement.



Read more at