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Posts on ‘September 2nd, 2016’

Why I’m expecting Royal Dutch Shell plc and BP plc to plummet!

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By Royston WildThe Motley Fool: Friday, 2 September, 2016

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Investor appetite for the oil segment has taken a knock in recent weeks as fears of a prolonged supply glut have weighed.

British majors Royal Dutch Shell(LSE: RDSB) and BP(LSE: BP) have seen their share prices slip 10% and 7% respectively during the past six weeks, for example. And I believe a sharper retracement could be just around the corner.

Stocks keep surging

Broker predictions that the oil market is set to balance later this year are being put under increased scrutiny as already-plentiful stockpiles continue to build. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Malabu Oil Deal: New facts implicate more Nigerians

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As part of their investigation, the Italian prosecutors in May 2014 asked the UK’s CPS to freeze $85m in assets related to a Nigerian company, Malabu Oil & Gas, that prosecutors say was involved in the sale, according to a copy of the official request sent by the Milan investigators and seen by Reuters.

In the letter, the Italian prosecutors alleged that Scaroni and Descalzi oversaw the payments to parties who helped secure the sale. In a second letter they alleged that some of the ultimate recipients of alleged bribes used the money to buy aircraft and armoured cars. “We are investigating many money transfers to many people in various countries who received sums that vary from millions of dollars to thousands of dollars,” the prosecutors said in the follow-up letter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Former Head of State, ex Senate President named in Malabu oil deal scam

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Abuja – A former Head of State, a former Senate President, a former National Security Adviser (NSA), some senators, and some serving and former members of the House of Representatives have been named as beneficiaries of the $1.092b Malabu oil deal, Nation reports.

The names of the beneficiaries was revealed by a businessman, who is being grilled by the Economic and Financial Crimes Commission ( EFCC) over the deal.

Besides the businessman, the EFCC has grilled a former Permanent Secretary in the Federal Ministry of Finance, and some chief executives of some International Oil Companies (IOCs). The suspects remain unnamed because of what a source described as the “sensitivity” of the matter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Speculation rises over Opec output freeze

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By Ed Crooks: September 2, 2016

Over the past month, the big stories in the oil market have been speculation about a possible production freeze from Opec, and the reality of rising activity in the US shale industry.

The rumours of Opec action have followed the pattern that has become wearingly familiar over the past couple of years, since the landmark meeting in November 2014 confirming that Saudi Arabia was not prepared to cut production to try to stabilise prices.

As the meeting – in this case, a gathering on the sidelines of the International Energy Forum in Algiers on September 26-28 – grows nearer, suggestions that a freeze will be discussed grow louder. Venezuela, which has the most urgent need for a higher oil price, sounds the most enthusiastic about curbing production. Other countries make supportive statements and agree to meet, without promising any action themselves. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Midstream Partners – Reliable Yield During The Downturn

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Shell Midstream Partners IPO – Bidness ECT

The Value Portfolio: Sept 2, 2016

Shell Midstream Partners (NYSE: SHLX) is a master-limited partnership formed by Royal Dutch Shell (NYSE: RDS.A) (NYSE: RDS.B). The company was formed for the purpose of purchasing midstream assets and renting them out for reliable fee-based income. This fee-based income provides investors with a secure dividend which currently amounts to more than 3% and has a strong history of growth.

Shell Midstream Partners has had a difficult time recently, though not as a difficult of a time as all the other oil companies. Since mid-2015, when other midstream companies such as Kinder Morgan (NYSE: KMI) began to take a big hit, Shell Midstream Partners has seen its stock price drop from almost $48 per unit to just over $30 per unit, a drop of almost 40%. This drop means that Shell Midstream Partners has seen its yield almost double to more than 3% per unit. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Reopening of Forcados Terminal — Bad News for Crude Prices

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Screen Shot 2016-08-29 at 22.18.50By Staff Writer on Sep 1, 2016 at 12:30 pm EST

After militant attacks on its oil facilities in Nigeria, as well as numerous pipeline outages, Royal Dutch Shell Plc’s Forcados pipeline in the West African country is at last ready to start deliveries this month.

According to Bloomberg, Kola Karim, CEO of Shoreline Group, an energy company that uses the terminal, said operations were expected to resume in the middle of September. A spokesman for the company declined to comment on the matter. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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