Shell Share Discussion Threads

[sogoesit] 14/7/2019 20:12

FFS... fund managers bowing to political activism:
This from the chronic investor 12 July:

"ESG Crackdown Looming

A less carbon-intensive global economy will come through both a carrot and stick, if the past month is anything to go by. The work of funds such as Legal & General Investment Management and Sarasin & Partners partly involve beating the climate change drum loudly but much of the work is done through quiet conversations with companies such as BP (BP.) and Royal Dutch Shell (RDSB).

Their sticks are limited, in any case, with current mandates. This week, Sarasin sold off 20 per cent of its stake in Shell because it failed to explicitly commit to aligning its strategy with the Paris goals of well below two degrees warming, but still holds £120m in the supermajor. Last month, Legal & General Investment Management put other resources companies on a naughty list and sold them from its ethical funds. But it still has a non-environmental, social and governance (ESG) mandate for the vast majority of its £1 trillion in assets under management, and the current divestment plan only looks at companies’ reporting of emissions and recognition of climate risks, as opposed to actual polluting behaviour.

These two funds represent the finance-led effort to encourage the world’s biggest emitters to join the effort to slow climate change, providing carrots such as inclusion in sustainable funds. On the other side, there is the regulatory-led push for change: the stick. Last week the UK Treasury said it was exploring how to get all listed companies and large asset managers reporting climate risks by 2022. Days later, however, the Treasury was also boasting of setting up an export finance office in Saudi Arabia and Aramco’s decision to bring its $12bn (£9.6bn) bond listing to London in April.

Liberal Democrat leadership hopeful Sir Ed Davey said the City’s global financing power meant a net zero carbon target by 2050 within the UK, as made law last month, was useless. The former climate change and energy minister told us 2045 (16 years away) had to be the goal and it had to include UK-funded projects overseas. “There is no point the UK sorting out its own account unless it's leading in the world, in financial markets,” he said. “I'd like us to be the green capital of the world, and show you can decarbonise capitalism, which is the phrase I use, through sensible regulations.” Mr Davey said his plan could “secure capitalism” from a carbon bubble bursting. He said capital being slowly withdrawn from non-green projects and companies rather than a shock event would protect market stability and investor holdings. Mr Davey and the Treasury share the goal of making the City a green finance hub, although the next prime minister could take this off the to-do list.

If the government was to take Mr Davey's advice, the immediate consequences of banning ‘brown’ investments from listing in the UK are clear. This policy would see major UK dividend payers such as Shell, BP and Russian steel producer Evraz (EVR) move offshore or shift focus. For global players like those with strong ties elsewhere (BP in the US, Shell in the US or Netherlands, for example) they could just head offshore. Losing some companies and their dividends was inevitable, Mr Davey said, but “carbon-intensive assets... are going to be worthless in the next 20-30 years”.

Investors in the many London-listed companies working in the North Sea received little detail on how their holdings might fare under the government’s recently announced 2050 net zero carbon plan, which came from Committee for Climate change research. The North Sea is only mentioned as a possible hub for offshore wind turbines in the committee’s technical report, despite fossil fuel production and refining making up 8.3 per cent of the UK’s total greenhouse gas emissions in 2017 (42m tonnes CO2 equivalent), according to the committee's numbers. Major industrial projects such as Sirius Minerals’ (SXX) polyhalite mine in Yorkshire would be likely to face tight controls on energy usage at its crushing and milling facilities, but again the strategy lacked detail. Picking long-term government policy is a tough task Sirius shares with investors.

IC View

Environmental concerns are becoming more and more mainstream as the climate emergency becomes clearer. Wild weather paints a compelling case that climate change is here and the best we can do is try to limit it now through cutting emissions. At the same time, the US government has no interest and Wood Mackenzie forecasts a supply gap of 16m barrels of oil per day in 2040 if there are no radical shifts in global demand. There is clearly money still be made from high polluters; the question for investors is how long for."

[la forge] 14/7/2019 14:33

only facts chaps

and give information we can use

NO GUESSES PLEASE, AFTERALL WE ARE BRITISH

[florenceorbis] 14/7/2019 11:49

fjgooner
14 Jul '19 - 11:40 - 6521 of 6521
0 0 0
montyhedge
13 Jul '19 - 18:03 - 6516 of 6516

"To much oil, only going to worst, petrol stations I reckon will be closing down in 4 years time"

------

That shorter's post has it all.

Illiterate. Moronic. Pointless, childish, pathetic.

LOL

This seems like a love hate relationship

A little surprised you have not used the filter

but i guess you are waiting for that real rare original pearl of wisdom
which allows you to say YES I WILL AGREE

[fjgooner] 14/7/2019 11:40

montyhedge
13 Jul '19 - 18:03 - 6516 of 6516

"To much oil, only going to worst, petrol stations I reckon will be closing down in 4 years time"

------

That shorter's post has it all.

Illiterate. Moronic. Pointless, childish, pathetic.

[xxxxxy] 13/7/2019 22:07

Oil is not just energy.

Here are some examples of what we owe to oil, every day of our lives:

At school: rulers, crayons, ink and cartridges, glue, coverings on books, binders...
For your health: coatings for pills, binding agent for creams, disposable syringes...
In the home: contact lenses, cosmetics, clothing, fabrics, nail polish, deodorants, shampoo, paint, upholstery and carpets, detergents for washing up and laundry, dry-cleaning fluid...
Out shopping: shopping bags, credit cards, egg cartons, plastic milk bottles
While cooking: non-stick pans, cling film, storage containers
For building: roofing tiles, pipes, insulating material, paint
On the move: petrol and diesel for cars and lorries, emergency services and trains, asphalt road surfaces
In the office: computer hardware, phones and faxes, diskettes, pens, chairs, printing ink
At your leisure: CDs, videos, cassette tapes, camera film, artists' paint, bicycle handlebar grips, tyres, crash helmets, football boots, trainers, shin pads, windsurfers, roller blades


Garden: fertilisers, pesticides, garden furniture

[xxxxxy] 13/7/2019 22:05

Broker Date Rating Previous
assessment Latest
assessment Assessment
change Previous
target Latest
target Target
change
July 2019
Deutsche Bank 12/07
Reiterates
Buy
Buy
HSBC 10/07
Reiterates
Buy
Buy
2,875.00p
JP Morgan Cazenove 03/07
Reiterates
Overweight
Overweight
2,950.00p


Seeing £28 ish. I just dont know. Like £30 myself. Greedy ?

[poikka] 13/7/2019 20:54

"In the long term, those generous dividends could be at risk if the world's switch to cleaner forms of energy changes pace. Oil giants' ability to make high profits remains dependent on their core industries, and failing to embrace the change means they'll eventually be forced out of the business, according to Chatham House's Mr. Stevens.

"The energy establishment is grossly underestimating the speed and depth of the energy transition," he said. "I think it's going to happen a lot faster and be a lot deeper.""

I disagree, I reckon the "energy establishment" is acutely aware of the scale of the transition.

I also rather think that big oil will want as big a slice of renewables as they can get, not just trading. RDS produce and trade O&G, so why not renewables. The bigger they can be in renewable production, the better. Investors might think about where big oil turns its attention.

It's going to be difficult to replace the present profits and cashflow, but they'll manage it: more costly fields will be shut down; investment will fall away, and buy backs continue. No doubt they'll be slimmer, but I don't doubt their ability to provide shareholders with good returns.

[waldron] 13/7/2019 18:13

montyhedge
13 Jul '19 - 18:03 - 6516 of 6516
0 0 0



To much oil, only going to worst, petrol stations I reckon will be closing down in 4 years time. Electric cars what a boost by the gov on company electric cars, no tax on benefits in kind. That’s a game changer.

[montyhedge] 13/7/2019 18:03

https://www.google.co.uk/amp/s/www.upi.com/amp/Top_News/World-News/2019/07/12/Intl-Energy-Agency-expects-worldwide-oil-glut-in-2020/8881562928385/To much oil, only going to worst, petrol stations I reckon will be closing down in 4 years time. Electric cars what a boost by the gov on company electric cars, no tax on benefits in kind. That's a game changer.

[waldron] 12/7/2019 17:18

Brent Crude Oil NYMEX 66.81 +0.44%
Gasoline NYMEX 1.94 +0.16%
Natural Gas NYMEX 2.43 +1.33%
(WTI) 60.37 USD -0.07%

FTSE 100
7,505.97 -0.05%
Dow Jones
27,211.62 +0.46%
CAC 40
5,572.86 +0.38%
SBF 120
4,389.73 +0.42%
Euro STOXX 50
3,496.03 -0.04%
DAX
12,323.32 -0.07%
Ftse Mib
22,202.81 +0.15%


Eni
14.826 +0.18%


Total
49.87 +0.02%


Engie
13.885 +0.47%

Orange
13.405 -0.78%



Bp
546 +0.04%

Vodafone
131.74 -0.57%

Royal Dutch Shell
2,588 -0.60%

Royal Dutch Shell
2,591 -0.59%

[florenceorbis] 12/7/2019 11:19

ITS LIKE FORECASTING THE WEATHER

some even get it wrong on the day

bright sunny, blue skys with a slight breeze but a little humid here today

[spud] 12/7/2019 11:10

Lol! They can't f/cast a week out accurately so how the hell can they f/cast for next year! spud

[la forge] 12/7/2019 08:15

RDSA and RDSB Deutsche Bank Buy 2,700.00 - Reiterates


RDSA Jefferies International Buy Reiterates


BP. Jefferies International Hold Reiterates

BP. Deutsche Bank Buy 615.00 - Reiterates

[waldron] 12/7/2019 07:08

European stocks set to rise as investors shrug off IMF warning on growth
Published Moments Ago
Elliot Smith
@ElliotSmithCNBC




Key Points

In a report published Thursday afternoon, the IMF urged fresh stimulus from the European Central Bank (ECB) to mitigate rising economic dangers, causing stocks to slide into the red.
Investors are also processing mixed messages from the U.S. Federal Reserve after Chairman Jerome Powell kept the focus Thursday on global risks which could trigger a rate cut this month, while colleagues from regional Fed districts painted a rosier picture of continued U.S. growth and a solid business outlook.

European stocks are set to rebound on Friday following a negative close on the back of a call from the International Monetary Fund (IMF) warning that the euro zone economy faces rising risks from trade tensions, Brexit and Italy.

The FTSE 100 is seen around 25 points higher at 7,535, the DAX is expected to climb around 40 points to 12,372 and the CAC 40

[xxxxxy] 11/7/2019 22:11

Why do so few people buy electric cars?

By JOHNREDWOOD | Published: JULY 10, 2019

The government’s enthusiasm for electric cars is well known. The whole EU has embarked on a huge top down reform of the motor industry, seeking to transform it from a range of vehicles based on modern low emission diesels and petrol vehicles to one based on new electric cars. So far in most countries including the UK customers have not been impressed by the electric cars on offer, so their market share languishes around 3-4% of the total market, with under 1% of the total stock electric. Meanwhile threats of more bans and taxes to come have put many people off buying a new conventional car at all.

There seem to be several worries that people have about electric vehicles. The first is range. Present electric cars have varied ranges from say 70 miles to perhaps 200. A modern diesel or petrol car has a reliable range of more than 400 miles or up to four times as much as the electric substitute. People are particularly worried about range on an electric car given the issues over the time it takes to charge them and access to charging points.

A petrol or diesel car does not induce range anxiety because there are so many filling stations available. You pass them on most journeys. It takes less than five minutes to fill and pay and regain full range again. In contrast it may take hours to recharge a battery car, with fast partial charges taking maybe 30 minutes once you have access to a fast charge point. If you want to do a 400 mile journey in an electric car it will take considerably longer than in a petrol or diesel which can get there on a single tank of fuel, given the need to stop off more than once to recharge the battery.

People also worry about battery life. There are manufacturers that will guarantee a battery for 60,000 miles or even for 100,000 miles, but doubts linger about the possibility that a large and expensive battery will require replacing well before the engine and vehicle are in need of replacement or major overhaul. A battery deteriorates, making it more difficult to recharge and undermining its power delivery and therefore range of the vehicle before the owner gives in and buys a new one or before the manufacturer agrees the battery needs replacement.

Some worry about the green impact of these machines. How will the state require people to dispose of or recycle the metals used in the manufacture of the battery? How much energy is used in the manufacture of the vehicle and its battery?

Some think governments will turn to taxing the electric car once more are bought, as they will miss the large revenue streams that come from VED and fuel tax on conventional vehicles. People are naturally distrustful of governments offering low tax and subsidy just to get people started.

It is true the electric car will stop all exhaust particulate emissions, which is good news. Increasingly however particulates come from tyre wear and brake pad use, not from exhaust emission given the big work done to clean up the back of a diesel. Electric cars will still generate tyre and brake particles.

How long will it be before there are electric cars that a majority of the car buying public want to buy? What will they look like and how will their specification be different from today? How much will people be willing to pay for one, as some current models are dear?

[xxxxxy] 11/7/2019 22:11

Oil jumps above $60 ahead of storm in Gulf of Mexico

[sogoesit] 11/7/2019 18:31

Yeah, "renewables" are coming...



Politicians deciding against market (and universal) forces, and the greatest provider to making us all richer, the Hydrocarbon Age, only make the poor poorer and the rich richer.
The renewables mantra only said by fantasists.

[waldron] 11/7/2019 17:05

Brent Crude Oil NYMEX 67.04 +0.04%
Gasoline NYMEX 1.95 +0.19%
Natural Gas NYMEX 2.44 +0.29%
(WTI) 60.69 USD +0.38%

FTSE 100
7,509.82 -0.28%
Dow Jones
27,047.29 +0.70%
CAC 40
5,551.95 -0.28%
SBF 120
4,371.24 -0.26%
Euro STOXX 50
3,497.44 -0.10%
DAX
12,332.12 -0.33%
Ftse Mib
22,168.91 +0.56%


Eni
14.8 +0.64%

Total
49.86 +0.20%

Engie
13.82 -0.07%

Orange
13.51 -1.60%



Bp
545.8 +0.02%

Vodafone
132.5 +0.00%

Royal Dutch Shell A
2,603.5 -0.04%


Royal Dutch Shell B
2,606.5 -0.04%