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Nadeem
Veteran Investor
Joined: 11 Jul 2004
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Cash Points ££ 13955.74
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 Posted: Sat Aug 27, 2005 2:17 am Post subject: RDSB - ROYAL DUTCH SHELL-B - Discussion Thread |
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Discuss news and views on ROYAL DUTCH SHELL-B here :
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Quinn
Saving Enthusiast
Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
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| Posted: Mon Sep 12, 2005 2:32 am Post subject: |
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Shells risen a lot ... any chance it will come down so I can get in at last ? 
Theres an article in the telegraph about the Royal Dutch shareholders that didn't accept the takeover offer for the Dutch Shell shares cos of tax reasons
Royal Dutch rebels in the spotlight
A stubborn rump of 1.3pc of holders in Royal Dutch had failed to accept the merger because British holders of the stock have had to pay a large capital gains tax bill on their holding as a result.
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Shell officials told the association that they would work on an offer next week for the rebels, which could include a more tax efficient proposal, which will be put to Shell's main board meeting later this month.
Full story: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2005/09/03/cndutch03.xml |
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cardjunkie
Professional Investor
Joined: 24 Jul 2004
Posts: 311
Cash Points ££ 2248.20
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| Posted: Thu Sep 22, 2005 4:16 am Post subject: |
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| Well with all these hurricanes hitting the gulf and oil up at $65 I would say its always a good idea to hold some oil stocks such as shell or BP |
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Terry
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Joined: 30 Jan 2005
Posts: 12
Cash Points ££ 55.00
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| Posted: Mon Jan 16, 2006 9:42 am Post subject: |
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| Ive sold all my shell stock, its just not risen as the ftse has risen, so thought I would get out and buy back if it falls a few hundred pence. |
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cardjunkie
Professional Investor
Joined: 24 Jul 2004
Posts: 311
Cash Points ££ 2248.20
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| Posted: Thu Feb 02, 2006 6:28 pm Post subject: |
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Shell posts record profits of 13 billions . but the price falls 40pence
What gives |
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fireboy
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Joined: 18 Oct 2004
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| Posted: Sun Feb 19, 2006 9:00 pm Post subject: Ive sold my shell stock |
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This is my strategy for the next 6 months
Ive sold my stock all of it, and looking for the share price to track oil prices lower over the next 6 months or so
What do you think ?
What target, perhaps a 20% fall so maybe £16 ? |
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cashman
Beginning Saver
Joined: 01 Oct 2004
Posts: 49
Cash Points ££ 140.00
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| Posted: Tue Feb 21, 2006 2:26 am Post subject: Re: Ive sold my shell stock |
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| fireboy wrote: | This is my strategy for the next 6 months
Ive sold my stock all of it, and looking for the share price to track oil prices lower over the next 6 months or so
What do you think ?
What target, perhaps a 20% fall so maybe £16 ? |
Apparently shell is light on reserves compared to the like sof BP, I think its 12BB against 18BB ?
Though why do you expect RDSB' to fall ? |
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Dshepard
Beginning Saver
Joined: 28 Feb 2005
Posts: 29
Cash Points ££ 381.46
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| Posted: Fri Mar 17, 2006 3:25 am Post subject: Re: Ive sold my shell stock |
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| fireboy wrote: | This is my strategy for the next 6 months
Ive sold my stock all of it, and looking for the share price to track oil prices lower over the next 6 months or so
What do you think ?
What target, perhaps a 20% fall so maybe £16 ? |
I think your right as its not following the FTSE higher, its still well off its highs whilst the ftse is looking to break 6000 in the next few days |
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Shezz
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Joined: 08 Mar 2005
Posts: 45
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| Posted: Thu Apr 13, 2006 5:09 pm Post subject: |
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is it worth buying at the current high price of £20 ?
or is the oil price going to fall
any advice appreciated |
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Wade
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Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
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| Posted: Mon Apr 17, 2006 4:38 am Post subject: |
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| Shezz wrote: | is it worth buying at the current high price of £20 ?
or is the oil price going to fall
any advice appreciated |
Well , the situation in Nigeria is still bad so thats likelty to put a little bit of a dampner on the stock price.
Nigerian militants ramp up firepower
Niger Delta militants display their weapons, including heavy machine guns and rocket-propelled grenade launchers, to journalists last month.
PORT HARCOURT, Nigeria — People steeped in the bloody history of the Niger Delta recall when militants battling for control of the vast oil reserves here traded their fishing spears and machetes for locally made hunting guns and then, a few years later, upgraded to imported AK-47 assault rifles.
But those days now seem long ago to the delta's beleaguered residents and observers of the decades-old conflict, who say government forces and the militants fighting them are both using profits from record-high oil prices to rearm themselves with unprecedented levels of firepower.
The government, according to Nigerian news reports, is shopping in international markets for new weaponry. And the militants, who support their operations by tapping directly into pipelines and selling the stolen oil in a bustling black market, are using the proceeds to stockpile belt-fed machine guns and rocket-propelled grenades.
Dozens of militants displayed such weapons, fully loaded, during interviews last month on a stretch of river they appeared to control.
With photographers snapping away, the hooded and camouflaged young men waved their guns menacingly at journalists and at one of the nine hostages they seized last month. The hostage, Macon Hawkins, an oil worker from Texas, and five others were later released.
The hundreds and perhaps thousands of unemployed young men who make up the militant forces have stockpiled boxes of ammunition that are as big as tables, said Ledum Mitee, head of the Movement for the Survival of the Ogoni People, a human-rights group that is an advocate on behalf of the ethnic group in the delta.
Mitee saw weapons caches when he visited a base in January to help negotiate the release of four foreign hostages, he said.
"I left thinking the situation was more serious than it has ever been," he said.
His group, whose former leader, Ken Saro-Wiwa, was hanged for treason in 1995, opposes violence. But Mitee said that sympathy is growing among residents of this impoverished region for armed confrontation with government forces that long have spirited the delta's oil wealth to far-off government projects and into the pockets of corrupt politicians.
The weapons come from many sources, according to analysts and independent groups such as Human Rights Watch.
Corrupt police sell from their own stocks, sometimes offering training for an extra fee. Politicians import weapons to arm their personal militias. And oil companies hire and arm youths to protect their facilities.
The guns often end up in the hands of militants, who also buy directly from international dealers.
Last June in Warri, a major delta port, militants purchased $5 million worth of weapons, including rocket-propelled grenade launchers, hand grenades and a variety of machine guns, said Patrick Naagbanton, a researcher for the Project for Environment, Human Rights and Development, a delta-based nongovernmental organization. "There are so many more guns than before — bigger guns, more sophisticated guns," he said.
The growing firepower has mixed with rising political frustration and jittery, overstretched global oil markets to produce an increasingly combustible mix here.
A new militant umbrella group, the Movement for the Emancipation of the Niger Delta, has launched attacks on oil facilities that have cut national production by 20 percent. Nigeria, with an average output of 2.5 million barrels per day, is the fifth-largest supplier to the United States.
The group was also responsible for the recent kidnappings.
It is threatening more attacks unless the government embarks on extensive new development projects, releases two of the region's political leaders who are in prison on criminal charges and curbs Nigerian military presence in the delta.
Government officials blame the rising violence on well-organized criminal gangs desperate to protect their access to stolen oil at a time that the military is cracking down on theft.
A Nigerian navy spokesman, Capt. Obiara Medani, said: "It's a sophisticated campaign to give them a free hand. That's what this thing is all about."
Whatever the motives of the militant leaders, their aggressive tactics against the government and foreign-owned oil companies have won broad sympathy among a population that sees little benefit from hosting one of the world's most lucrative oil industries at a time of record profits.
Recruiting militants has never been easier, community leaders here say.
"Jobless youths, they have nothing to do. They have nothing to lose," said Kimse Okoko, president of the Ijaw National Congress, a political organization representing the largest ethnic group in the delta's villages, few of which have schools, electricity or access to clean water.
Southeastern Nigeria has been agitating for independence nearly since the discovery of oil here in the 1950s, and the prospect of controlling the newfound wealth contributed to the disastrous 1967-70 Biafra war, when southeastern Nigeria attempted to secede.
In interviews, the militants repeatedly refer to the long history of the struggle and the failure of the government or the oil companies to make meaningful improvements in the lives of delta residents.
The time for peaceful political action, they say, is over.
"We will bring the Nigerian government and oil companies to their knees," a spokesman for the militants, who uses the pseudonym Jomo Gbomo, said in an e-mail.
He said the group "will continue with our campaign until our demands are met or until there is no drop of oil exported from Nigeria." |
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Sarah
Money Manager
Joined: 16 Jul 2004
Posts: 831
Cash Points ££ 12024.38
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| Posted: Sat Sep 23, 2006 1:23 am Post subject: SHELL's $20 billion problem with Sakhalin 2 |
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After the Russian's shut down Yukos Oil, not it seems that it is Shells turn and the giant $20 billion Sakhalin Island oil project as the Russian government look to increase the states stake in Russia's energy projects.
State run Gazprom wants a 25 percent stake in Sakhalin-2. Talks have been suspended after development costs had doubled from $10 billion to $20 billion. Shell owns 55% of the project. The Natural Resources Ministry intensified probes of the venture's environmental safety standards and signed an order this week to cancel part of Shells licence on environmental grounds.
Both the UK and Dutch governments are seeking an explanation for Russia's tough line on a project.
The way the deal is structured via the PSA, is that Russia only sees a revenue once costs are recovered therefore a doubling in projected costs impact on revenue projections. PSA's are now looked upon with disfavor by the Russian government and are seen as relics of a past age when Russia was deemed hugely risky by western oil companies and PSA's were the only way to encourage them to invest," analysts at Deutsche UFG said in written research
In the final analysis Russia would likely not go as far as to take the Sakhalin-2 licence away from Shell, but Shell might have to swallow some of the large cost overrun to keep the Russian government happy and offer Gazprom better swap terms.
In oil reserves terms, Shell has booked reserves of 12 billion, with about 2.5 billion barrels from the Sakhalin, any resolution to the issues would lead to a rally in the share price, as it is expected the negotiated deal would still prove highly lucrative to Shell.
On the risk side is the possibilities that even costs of $20 billion are an under estimation of the eventual cost ! As its not unconceivable that costs could run as high as $30 billion !
For the oil giants as a whole, now that the easy, safe oil fields such as the North Sea and the Gulf of Mexico have been exhausted, that leaves only risky places such as Russia and Nigeria for development of new fields and reserves. |
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Quinn
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Joined: 06 Feb 2005
Posts: 181
Cash Points ££ 2817.02
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| Posted: Wed Sep 27, 2006 1:58 am Post subject: |
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| I was thinking of buying, now I think I'll wait a while with oil trading back below $60 ! The crude oil market has cooled a lot of late ! |
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Wade
Saving Enthusiast
Joined: 17 Feb 2005
Posts: 185
Cash Points ££ 2569.94
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| Posted: Fri Nov 10, 2006 2:31 am Post subject: |
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| They could be in further trouble in Russia, $20 billion they have thrown at russia !, Looks like its too risky at the moment. |
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