dai oldenrich
- 03 Oct 2006 10:08
Royal Dutch Shell Group is an Integrated oil company. The Royal Dutch/Shell Group of Companies consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen.

Red = 25 day moving average. Green = 200 day moving average.
HARRYCAT
- 05 Jun 2015 14:46
- 63 of 98
Blimey, no doubt there. I don't currently hold but is on my watchlist for the time being.
skinny
- 08 Jun 2015 13:09
- 64 of 98
Opened a small SB here earlier.
CC
- 08 Jun 2015 13:21
- 65 of 98
Just bought some more at 1902. 6.01% dividend yield now although I'm expecting cable to move against me by at least 5% which will reduce the yield.
Chart doesn't look too clever and looks like the bots have got hold of it selling it down the river.
Hoping when it turns it will turn fast as it has done a number of times this year.
skinny
- 12 Jun 2015 14:38
- 67 of 98
Having churned 2 SBs so far - long again @1890.
HARRYCAT
- 24 Jun 2015 13:43
- 71 of 98
DeutschBank note today:
"An impending restructuring story with FCF supported yield
Our reasons for upgrading Shell are clear. In our view the Shell dividend is sustainable; the BG transaction with all its strategic logic will proceed; the restructuring possibilities at Shell assuming its completion are substantial; management intent to reshape Shell ‘legacy’ is decided; and with the shares now trading at a 6.3% dividend yield (or c4.4% on an ex-scrip basis) they trade at a level from which we see limited relative or, indeed, absolute downside. At 2425p we leave our 12-mth price target unchanged but with the risk/reward balance now firmly in our favour adopt a more constructive Buy stance. At an 8% discount to offer value, BG (Buy 1460p) is our preferred route to entry.
Multiple reasons for the fall– playing to a common theme. A torrid start to 2015 has seen Shell underperform its peers by c15% and its sector yield relative move to levels not seen since the 2004 reserves debacle. The reasons have been multiple but the thrust of them all too clear. At a time when the commodity outlook is uncertain, Shell’s response to the macro backcloth has lacked caution and its view of the future appeared overoptimistic. With the company seemingly reluctant to aggressively balance its cash cycle, the sustenance of dividend has yet again been called into question.
LNG: A focus of this note with our analysis suggesting a cash wall is coming, yet push into the outlook for key Shell activities, not least in light of its offer for BG, and our growing impression is that the market is now in danger of losing balance. Nowhere does this seem more valid than in the focus of this note, LNG. In contrast with market perception, impending project start-ups see cash flow rise to $17bn by ’18 (from $12bn in ‘14) – strongly supportive of dividend. Moreover, combine the BG/Shell trading portfolios, and our analysis suggests a business with limited near term ‘spot’ exposure but notable ($0.5bn) scope for logistics optimization. This is to say nothing of the compelling strategic logic of a BG/Shell LNG combination at a time of structural market change.
Valuation & Risk. With cash flow from LNG set to surge and that from a reshaped Downstream once again material, we believe Shell’s current 6% plus DY is well supported – a strong source of downside protection. As significant, however, is our perception that with the BG bid premium now largely written out of equity value and management committed to the delivery of $30bn of divestments, predominantly to retire deal-related equity, Shell into 2016 will have all the hallmarks of a major restructuring play in which investors are paid to wait.
Targeting a 5% forward yield, a 10% discount to sector, we leave our PT unchanged but raise to Buy. Main risk? The BG offer collapses."
skinny
- 24 Jun 2015 13:48
- 72 of 98
"In our view the Shell dividend isnsustainable" ? :-)
CC
- 24 Jun 2015 19:47
- 74 of 98
Well it looks to me as if it has got out of that horribly steep downtrend channel it's been stuck in this month
skinny
- 25 Jun 2015 05:24
- 76 of 98
skinny
- 25 Jun 2015 08:38
- 77 of 98
Added again this morning.
CC
- 29 Jun 2015 13:15
- 78 of 98
Well I took some more at 1840 this morning. I've got enough now so would be grateful if it could turn up for a couple of weeks
skinny
- 29 Jun 2015 13:30
- 79 of 98
My last purchase was in the 1880s and I'm loathed to add more atm.
skinny
- 30 Jun 2015 08:16
- 80 of 98
Loathed or not, I've just added a few more @1833p