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Stock Market & Financial Investment News

News For RDS.A;PAG From The Last 14 Days
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January 29, 2015
05:47 EDTRDS.ARoyal Dutch Shell expects 2015 organic capital investments to be lower than 2014
Organic capital investment in 2015 is expected to be lower than 2014 levels, and we have curtailed over $15 billion of potential spending over the next three years. Shell has options to further reduce spending, but says it is not over-reacting to current low oil prices and keeping our best opportunities on the table. New restructuring programmes in world-wide resources plays and upstream engines, leveraging oil price downturn to capture multi-billion supply chain cost opportunities world-wide, and plans to reduce Shell's operating costs in 2015. 2015 should see further ramp-up from the new fields brought on line in 2014. The company continues to invest in a competitive suite of new oil & gas fields and LNG, with the next wave of significant start-ups in the 2016-18 timeframe.
05:47 EDTRDS.ARoyal Dutch Shell reports Q4 EPS ex-items 52c, compared to 46c a year ago
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January 28, 2015
16:06 EDTPAGPenske Automotive raises dividend to 22c per share from 21c
The dividend is payable on March 2 to shareholders of record on February 10.
06:28 EDTRDS.ARoyal Dutch Shell to build petrochemicals plant in Iraq, Reuters says
Royal Dutch Shell signed an $11B deal to build a petrochemicals plant in southern Iraq, the company said, according to Reuters. The company signed a memorandum of understanding with Iraq for the plant in 2012, the news service noted. Reference Link
January 27, 2015
13:08 EDTRDS.AUBS says oil price recovery may take five years, WSJ reports
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12:08 EDTRDS.AObama to propose opening up Atlantic to offshore drilling, NYT reports
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06:51 EDTRDS.AU.S. to propose lifting oil drilling ban off Atlantic coast, NY Times says
The Obama administration will announce later today that it will propose allowing companies to drill for oil and gas off the Atlantic coast from Virginia to Georgia, according to The New York Times, which cited an unnamed source. However, the administration will also ban drilling in some regions of Alaska, the newspaper added. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 26, 2015
18:57 EDTRDS.ADeath of Saudi royal unlikely to alter oil policy or price, WSJ reports
With the passing of King Abduallah in Saudi Arabia, and his successor, King Salman saying that the Kingdom's oil policy will continue as is, it is unlikely for the price of oil to rebound in the near term, contrary to what Secretary Abdalla El Badri said recently, the Wall Street Journal reports. Carl Larry, an analyst with research consultancy Oil Outlooks & Opinions, was quoted saying "people are starting to take anything coming out of OPEC with a big grain of salt,". Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
16:14 EDTPAGPenske Automotive acquires Land Rover dealership
Penske Automotive Group announced the acquisition of a Land Rover dealership in Darien, Connecticut. The company estimates the dealership will generate approximately $50M of revenue annually.
13:16 EDTRDS.AOPEC chief says oil prices could rebound soon, Financial Times reports
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06:40 EDTRDS.AOil drops after new Saudi king retains oil minister, Reuters reports
Oil prices dropped today after Saudi Arabia's new king, Salman, reappointed the country's longtime oil minister, Ali al-Naimi, according to Reuters. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 23, 2015
09:41 EDTRDS.APrince Alwaleed says oil price will never reach $100 again
Saudi Prince Alwaleed is speaking on CNBC. Large oil names include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
07:20 EDTRDS.ABass says 'want to be long oil companies, but don't want to buy them yet'
Oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Kyle Bass of Hayman Capital continues speaking on CNBC.
06:34 EDTRDS.AAnalysts: King's death unlikely to change Saudi oil strategy, NY Times says
The death of Saudi Arabia's King Abdullah earlier today probably will not result in a change in the country's strategy as far as oil production is concerned, analysts said, according to The New York Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
January 21, 2015
13:53 EDTPAGGoldman cuts rating on auto dealers citing below consensus U.S. sales view
Goldman Sachs lowered its outlook on auto dealers to Cautious from Neutral, citing several factors, including its belief that U.S. auto sales growth will be "essentially flat" this year. The firm also downgraded its rating on one of the companies in the sector, AutoNation (AN), to Neutral from Buy and removed the stock from its Americas Buy List. WHAT'S NEW: U.S. auto sales will probably rise less than 1% this year on a seasonally adjusted basis, Goldman analyst Patrick Archambault wrote in a note to investors today. Archambault indicated that his U.S. auto sales estimate is significantly below analysts' consensus outlook. Incentive deals and sales to subprime customers last year will probably negatively affect sales growth this year, the analyst stated. Additionally, the growth of dealers' revenue from parts and service is likely to slow this year after a series of major auto recalls were carried out last year, Archambault warned. Dealers may also be hurt by the regulation of auto lenders by the Consumer Financial Protection Bureau, since lenders and dealers split the profits from interest rate markups, the analyst stated. Finally, dealers are trading at a valuation that is 13% above their ten year average, according to Archambault. The analyst cut his rating on AutoNation to Neutral from Buy, based partly on valuation and his belief that the stock's near-term catalysts have diminished after it implemented a rebranding strategy and enhanced its digital systems. Over the medium term, the company's growth prospects will be limited by weak U.S. auto sales growth this year, added Archambault. However, the analyst continues to identify AutoNation as his favorite auto dealer stock. Other auto dealers covered by the analyst include Penske (PAG), which he rates Neutral, and Group 1 (GPI) and Sonic Automotive (SAH), both of which are rated Sell by the analyst. WHAT'S NOTABLE: Automakers whose shares could be negatively affected if the analyst's forecast for anemic U.S. sales growth proves to be accurate include Fiat Chrysler (FCAU), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). PRICE ACTION: In mid-afternoon trading, AutoNation lost 1.2% to $57.12, Sonic Auto lost 1% to $25.18, Group 1 fell 2.5% to $77.40, and Penske climbed 1% to $47.09.
13:43 EDTRDS.AOPEC El-Badri says oil will bounce back, not drop to $20, Bloomberg reports
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05:42 EDTPAGAutoNation downgraded to Neutral from Buy at Goldman
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January 20, 2015
06:32 EDTRDS.AShell to sell stake in Campos Basin assets to HRT, Reuters reports
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January 19, 2015
06:47 EDTRDS.AJPMorgan says oil may drop below $40/barrel in near-term
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January 18, 2015
14:22 EDTRDS.ASchlumberger boss says oil price to challenge land producers, WSJ says
Paal Kibsgaard, CEO of Schlumberger, said U.S. energy producers are not done with work force reductions and that because of high costs, producers that focus on shale fields are worse off than rivals, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A), Total (TOT), Schlumberger (SLB) and Baker Hughes (BHI). Reference Link
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