IOMINVESTCOM
08 May 2018
Sell stake in Canadian Natural for about $3.3 bln Shell to sell stake in Canadian Natural for about $3.3 bln -Globe and MailTue, 8th May 2018 00:55May 7 (Reuters) - Royal Dutch Shell Plc is selling 97.5 million shares of Canadian Natural Resources Ltd in a bought deal for about $3.3 billion, according to the Globe and Mail.Shell had decided to offload a roughly C$4.1 billion ($3.18 billion) stake in Canadian Natural Resources that it acquired as part of a deal to retreat from Canada's oil sands, people familiar with the situation had told Reuters nearly a year ago.In June, Shell had reported a stake of 8 percent in Canadian Natural Resources.The underwriting group includes Goldman Sachs, Scotiabank, RBC, and Toronto-Dominion, according to the Globe and Mail report. [link] ($1 = 1.2888 Canadian dollars) (Reporting by Mekhla Raina in Bengaluru Editing by Chris Reese)
Rhigos
04 May 2018
SP at all-time closing high Forecast yield 5.2%. SP rise has not been particularly rapid. In the last 10 years only up 32% and in last 4 years only +10%. Last 12 months as oil price recovered SP up 50%. Might be worth taking some profits in the next few months as there is a good chance of oil price falling back. My feeling is that long term demand for oil will fall and in the shorter term frackers will increase output.
FRTEB
04 May 2018
Re: Russia is the number one bully BP - Beyond Psychosis? 
Best avoided (the BP board not the company).
Lupo di mare
03 May 2018
Re: Russia is the number one bully Give it up guys, or move to the BP board.
FRTEB
03 May 2018
Re: Russia is the number one bully Your statements are your responsibility, not mine. It you state something as though it is fact then don't be surprised if you are challenged to provide something in the way of evidence. But we've now established that you don't have any evidence; your statements of 'fact' are nothing of the kind - they're just unsupported opinions. Please don't tell me you work in the scientific community...
Joatmon
03 May 2018
Re: Russia is the number one bully You have no evidence to prove I am wrong.
FRTEB
02 May 2018
Re: Russia is the number one bully As I thought, you don't have any unequivocal proof to back up your statements - just a claim that your statements are widely accepted in Europe. Have you spotted the flaw in your own thinking yet? I'm not saying you're wrong, but you have no evidence to prove that you're right. Until there is hard evidence pointing the finger at Russia, rather than just supposition, I will continue to sit on the fence regarding where the responsibility lies for the events that you mention. As for your thread title - "Russia is the number one bully" - you have no evidence for that either!
Joatmon
02 May 2018
Re: Russia is the number one bully All my statements about Russia are widely accepted in Europe - Salisbury and "Malaysia Airlines Flight 17 (MH17/MAS17) was a scheduled passenger flight from Amsterdam to Kuala Lumpur that was shot down on 17 July 2014 while flying over eastern Ukraine, killing all 283 passengers and 15 crew on board."Ignoring the truth does not change the truth.
FRTEB
02 May 2018
Re: Russia is the number one bully " It is very clear that Russia is the worlds number one bully and it even uses chemical weapons on civilians (Salisbury) and shoots down passenger jets etc. " Do you have unequivocal proof to back up those statements?
Joatmon
02 May 2018
Re: Russia is the number one bully I disagree with your statement:...1) to keep some kind of control in the region (it could be argued that the US, especially, is the world's number one bully ...It is very clear that Russia is the worlds number one bully and it even uses chemical weapons on civilians (Salisbury) and shoots down passenger jets etc.
FRTEB
02 May 2018
Re: Not o/t " I wouldn't touch it with a barge pole. " Me neither. In fact, why would anyone when there are already numerous big oilers to choose to invest in with solid reputations and decades of audited history behind them?
Lagav16
01 May 2018
Re: Not o/t Aramco clearly a company with good cash-flow, given the lifestyles and western weaponry it has been bank-rolling for decades. The unknown reserves situation, however, would make me nervous that they might be keen to over-value for one last cash-influx hurrah.
Hardboy
01 May 2018
Re: Not o/t On the subject of oil companies and the middle east we need to mention Aramco, and its potential flotation. Saudi needs the money from the flotation, because they've enjoyed their wealth a long time without worrying about the future, now suddenly they are realising money to keep their life styles going, and oil has a finite life. I saw an excellent presentation trying to value Aramco a couple of months back. The upshot was - no one really knows how profitable it is, how many proven resources they have, and the danger of listing will be that they have to start telling people these figures. I wouldn't touch it with a barge pole.
FRTEB
01 May 2018
Re: Not o/t RDSB is my largest holding (quite-a-lot). There's a long way to go before the world stops needing oil and gas, despite the waffle spouted by politicians and the greenies. But RDS have their eye on the ball WRT various fossil-free sources of energy so I expect when the time is right we'll see more and more investment in renewables and probably takeovers of renewable energy companies. As for the Middle East. My take on it is that the US/West is deliberately stirring things up for several reasons: 1) to keep some kind of control in the region (it could be argued that the US, especially, is the world's number one bully and is fighting (a long-term losing battle) to remain the world's number one economic and military superpower). In the Middle East, the US is not exactly cr@ping on its own doorstep - it's causing problems for Europe instead, which is costing the EU & UK billions of €/£. 2) to manipulate oil prices (keep them down to hurt the Russian economy then up to help major oil producers that aren't subject to sanctions). 3) to sell rockets, missiles, hardware and military expertise to the chosen few. 4) to sell expertise, materials and products to rebuild infrastructure following on from point 3.5) to remove from power anyone they don't like on the pretence of human rights violations but it can be argued that in reality it's more about 1, 2, 3 & 4. Think that sums it up in a nutshell.
tomhawbuck
01 May 2018
Not o/t I enjoyed the interesting discussion concerning the great My Hyman, however, I was never sure how much to believe anything he said about his sea voyages, car wash or other things about his life. I thought I might ask a question concerning the theoretical topic of this board. I wonder if anyone has any views about developments in the MIddle East - the Houthi rocket attacks on Saudi cities and on ships, increasing tensions between Iran and America and Israel, Russia heavily involved and China seeming to want to muscle in? Specifically, if tensions increase and maybe things blow up, will this be good for Shell and other non-Gulf producers? Trump recently tweeted blaming OPEC for increasing oil prices. My chum in the BIg Apple said that this was to divert attention from the impact his Iran policies are likely to have on the price of oil. So, putting my money where my mouth is, I recently doubled my holding in Shell (from not-a-lot to double not-a-lot).
