LONDON, UK / ACCESSWIRE / October 6, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Royal Dutch Shell PLC (NYSE: RDS-A), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=RDS-A. The Company announced on October 04, 2017, that its subsidiary, BG Asia Pacific Holdings Ltd, and KUFPEC Thailand Holdings Pte Ltd, a subsidiary of Kuwait Foreign Petroleum Exploration Co., have mutually agreed upon the cancellation of the Sale & Purchase agreement for the share sale of Shell Integrated Gas Thailand Pte. Ltd ("SIGT") and Thai Energy Co. Ltd. ("TEC"). For immediate access to our complimentary reports, including today's coverage, register for free now at:
http://protraderdaily.com/register/
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on RDS-A. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/'symbol=RDS-A
The Announcement
SIGT and TEC currently hold a 22.222% equity stake in the Bongkot field and relating offshore acreage in Thailand, consisting of blocks 15, 16, 17, and block G12/48. The Company's partners in the Bongkot assets are operators of the field where PTT Exploration & Production ("PTTEP") holds 44.445% equity while Total holds 33.333% equity. Both SIGT and TEC have agreed to continue supporting PTTEP in the safe and efficient operation and further development of Bongkot. SIGT also plans to participate in the licensing round for the extension of the Bongkot concession.
The Company's divestment program have made good developments on both raising cash and re-shaping the Company. To date, Royal Dutch Shell announced that it has more than $25 billion in completed, announced, or in-progress divestments, hence placing the Company on its target of $30 billion of divestments between 2016 and 2018.
The Technical Cooperation Agreement
On September 11, 2017, Royal Dutch Shell and Petrobras signed a memorandum of understanding (MoU) to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Under the agreement, Royal Dutch Shell is set to benefit from technical solutions, contract management expertise, and cost-effective initiatives that Petrobras implements in pre- and post-salt projects. Royal Dutch Shell had agreed to share with Petrobras its global deepwater experience, primarily on the cost efficiency efforts and the use of technology.
The MoU also involved sharing best practices and learnings on safety and governance management, technical and operational solutions, contract management, logistics, wells construction, and air transportation safety. The agreement, from the date of signing, would be valid for five years and can be renewed. Royal Dutch Shell is currently the strategic partner of Petrobras in the pre-salt, with minority interests in the Libra and Lula fields and other important areas, including Sapinhoa, Lapa, and Lara, all of them located in the Santos basin.
Company Growth Prospects
Royal Dutch Shell has aimed to divest and unify its business since last year when it executed a merger with British energy Company, BG Group. The Company's net profit for Q2 2017 was $3.6 billion, up from $1 billion observed in Q2 2016. In July 2017, the Company stated that the $1.23 billion gained from spare parts of the Irish energy sector places it past the halfway point for the total divestment goals. In March 2017, the Company received $587 million for the sale of its assets to Gabon, where in May, it received $250 million for the sale of its aviation subsidiary.
Last Close Stock Review
At the closing bell, on Thursday, October 05, 2017, Royal Dutch Shell's stock slightly climbed 0.21%, ending the trading session at $61.03. A total volume of 3.73 million shares have exchanged hands, which was higher than the 3-month average volume of 3.27 million shares. The Company's stock price rallied 15.28% in the last three months, 14.93% in the past six months, and 18.48% in the previous twelve months. Moreover, the stock surged 12.23% since the start of the year. The stock is trading at a PE ratio of 31.31 and has a dividend yield of 6.16%. The stock currently has a market cap of $253.13 billion.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
