Member Info for caitlin1

Down 5 per cent.Big drop Tuesday .

10,000 jobs to go after merger.

Over in the Financial Times, Lex pored over Royal Dutch Shell's trading update from Wednesday which highlighted up to 10,000 job cuts to streamline the combined Shell-BG Group. The company also said capital investment last year is expected to be 20% lower at $29bn as a result of efficiency improvements and more selectivity on new investments. Capital investment for Shell and BG combined in 2016 is currently expected to be $33bn, around a 45% reduction from combined spending. The paper wondered whether the BG deal is still a good idea considering the recent plunge in oil prices. "It would be natural to think, given that the oil price has halved since it was announced in April, that the BG deal must, by now, be grossly overpriced," Lex said. "It probably is overpriced - it looked that was when it was announced - but probably not grossly so." It noted that shareholders of BG Group get a chunk of shares in Shell, and as the share price has fallen that will have brought down the value paid for the company. Lex also believed Shell doesn't need to cut its dividend in the immediate short-term, but in the longer-term it might be worth disappointing income investors "to make it clear to the market that owning an oil company for its steady cash flows is an absurd idea."

Khalid al-Falih, the chairman of Saudi Arabian oil company Saudi Aramco, said oil prices have fallen too far and will recover this year. Hopefully shell will be back above my 22 quid

Over 30 dollars and rising.6.5 per cent.

Big bounce

Keep calm and be patient .Oil will be on the up soon.Just sit back and collect the divi.Some folks will be getting double to my 4.5

9.54 wow.Better than any bank

Bp,s total bill for Mexico 60 million.Shell buying Bg for 47 million plus all there assets .Bp still doing well and paying good dividends.so what's the problem folks.Think about it long term and wake up and smell the coffee.22 quid a share says I'm right.

Bbc/telegraph........plus my broker.Try and be nice.

Could open conflict now be one step closer between the two big regional powers in the Gulf? This week has seen tensions between Saudi Arabia and Iran rise to dangerous levels following the Saudis' execution of a Shia cleric and the subsequent storming of the Saudi embassy in Tehran by an angry mob. The BBC's Frank Gardner, whose attempted murderer was also executed by the Saudis last weekend, examines the historic enmity between the two regimes and assesses whether they can ever settle their differences.

Only one mans opinion.Like he knows about Drax centrica ........etc etc

nvestor in Royal Dutch Shell - has said it will oppose the oil company's proposed takeover of BG Group. It said a weak outlook for oil prices plus risks for BG in Brazil could make the deal "value destructive for Shell shareholders." Few investors or analysts have openly challenged the deal's strategic benefits for the firm. Shell said it remained confident of winning the vote. A Shell spokesman said: "We continue to believe we have the broad base of shareholder support we need for the deal to complete." Shell has also won the support of Institutional Shareholder Services (ISS), an influential advisory firm, which recommended that Shell shareholders support the deal. Deal opposition The firm announced its intention to buy BG - an oil and gas exploration company - in April 2015 for £47bn. But Standard Life said on Friday that the risk of further oil price falls and tax and operational risks connected to BG's Brazilian assets make the deal undesirable. "We have concluded that the proposed terms of the acquisition of BG are value destructive for Shell shareholders," said David Cumming, head of equities at Standard Life Investments. Standard Life is the 11th largest holder of Shell's B shares, with a 1.7% stake. Shell B shares make up the share component in the cash-and-share deal that is expected to be completed on 15 February. Standard Life is also the 16th biggest shareholder in BG, according to data from Bloomberg. ISS, which advises around 5% of Shell's medium and small shareholders, said it supported the deal "given the compelling strategic rationale, and the significant positive economics to be realised within a relatively short time frame." Shell will become the world's top liquefied natural gas trader after the deal.

Crude oil rallied slightly to finish 33.55 dollars 😌😌😌😌

Should get a nice little bounce up on Monday.Oil futures up

Shell can bridge the gap to keep the dividend payments going and the debt levels will increase this year. The prize is a potential for a rapid increase in gas production from the Brazilian assets owned and developed by BG.

They will never cut divi.Hold me to this post

To my 4.5 per cent

You will get about 8.5 per cent

How do you know that Divi cutt is on the cards.Have you some insider info???