Royal Dutch Shell (NYSE: RDS-B) has already started implementing strategies for a global energy transition

$ RDS-B #RoyalDutchShell #Energy #Oil #Gas #NYSE #USA #Stocks

Royal Dutch Shell
Ticker: NYSE: RDS-B
Price: $ 25.32
Recommendation: Strong buy

Royal Dutch Shell News

A Biden administration would seek to re-enter the Paris Climate Agreement, an international pact negotiated during the Obama administration to tackle global warming that has kept Trump from saying this is damaging the US economy could.

Biden has also vowed to bring US emissions to zero by 2050, including emissions from the energy industry to zero by 2035 – a goal that will be difficult to achieve without a Democratic majority in Congress.

Biden believes that climate change is an existential threat to the planet and that a fossil fuel transition can be an economic opportunity if the United States moves fast enough to become a leader in clean energy technology.

The Trump administration had taken steps to weaken or eliminate emissions targets, including the U.S. Environmental Protection Agency’s weakening of vehicle emissions standards and the repeal of former President Barack Obama’s Clean Power Plan, which required cuts in the electricity industry. Transport and electricity together account for around half of the country’s greenhouse gas emissions.

While European oil and gas companies like BP and Royal Dutch Shell have already begun implementing strategies for a global energy transition, US majors like Exxon Mobil and Chevron have continued to focus on the traditional energy business – politically protected by Trump’s leadership in Washington.

FEDERAL DRILLING

While Trump tried to maximize domestic oil and gas production, Biden has pledged to ban the granting of new state and water drilling permits to combat global climate change.

The United States produced nearly 3 million barrels of crude oil per day from states and waters in 2019, as well as 13.2 billion cubic feet of natural gas per day, according to the Home Office.

This equates to about a quarter of total domestic oil production and more than an eighth of total US gas production. A federal ban on new permits would mean that these numbers would tend to zero within a few years.

There would also be an impact on public revenues. Federal oil and gas production generated around $ 12 billion in public revenue in 2019, split between the U.S. Treasury Department, states and counties, tribes, and scavenger funds.

New Mexico received $ 2.4 billion in payouts last year, much of which went to its historically underfunded education system. The state’s Democratic governor Michelle Lujan Grisham told Reuters this spring that she would request a waiver from Biden’s government to allow further drilling if elected.

Biden’s camp was the mother of whether there would be such a renunciation program.

Business overview

Royal Dutch Shell plc is a Netherlands-based company that searches for crude oil and natural gas worldwide, both in conventional fields and from sources such as narrow rock, shale and coal formations.

The segments include Integrated Gas, Upstream, Downstream and Corporate. The Integrated Gas segment deals with the liquefaction and transport of gas and the conversion of natural gas into liquids for the supply of fuels and other products, as well as projects with integrated activities ranging from the production to the marketing of gas.

The Upstream segment comprises the activities of Upstream, which deals with the exploration and production of crude oil, natural gas and natural gas liquids, as well as the marketing and transportation of oil and gas, and Oil Sands, which deals with the production of crude oil, natural gas and natural gas is bitumen from extracted oil sands and conversion into synthetic crude oil.

The downstream segment deals with the manufacture of oil products and chemicals as well as with marketing activities.

Value for money

Relative rating

Technical indicators

Overall, the price distortion is: Down.

The projected upper limit is: 26.87.

The projected lower bound is: 23.65.

The forecast closing price is: 25.26.

Candlesticks

A blackbody occurred (because prices closed lower than they opened).
In the last 10 bars there were 4 white and 6 black candles for a network of 2 black candles. In the last 50 bars, there were 18 white and 32 black candles for a network of 14 black candles.

Momentum indicators

Momentum is a general term used to describe the speed at which prices move over a period of time. In general, changes in dynamics tend to result in price changes. This expert shows the current values ​​of four common momentum indicators.

Stochastic oscillator

One method of interpreting the stochastic oscillator is to look for overbought areas (above 80) and oversold areas (below 20). The stochastic oscillator is 77.9158. This is not an overbought or oversold reading. The last signal was a sales period before 0.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 55.13. This is not a pavement or floor area. A buy or sell signal is generated when the RSI leaves an overbought / oversold area. The last signal was a buy 6 periods ago.

Commodity Channel Index (CCI)

The IHK shows overbought (over 100) and oversold (under -100) areas. The current value of the IHK is 93. This is not a paving or floor area. The last signal was a sales period before 0.

MACD

The Moving Average Convergence / Divergence Indicator (MACD) outputs signals when it crosses its 9-period signal line. The last signal was a buy 4 periods ago.

Rex Takasugi – TD profile

ROYAL DUTCH SH B closed -0.100 at 25.320. The volume was 13% below average (neutral) and the Bollinger bands were 4% wider than normal.

Open High Low Close Volume 25,420 25,745 25,180 25,320 3,068,378 Technical outlook Short-term: Overbought Medium-term: bullish Long-term: Declining moving averages: 10-period 50-period 200-period close: 24.29 25.20 32.47 Volatility: 65 42 86 Volume: 4,475. 386 3,815,801 5,498,439

Short term traders should pay more attention to the buy / sell arrows, while medium and long term traders should focus more on the bullish or bearish trend reflected in the lower band.

Summary

ROYAL DUTCH SH B is currently 22.0% below its 200-period moving average and is on an uptrend. The volatility is high compared to the average volatility over the last 10 periods.

Our volume indicators reflect the volume that flows in and out of the RDSb at relatively the same rate (neutral). Our trend forecast oscillators are currently optimistic about RDSb and have had this outlook for the past three periods.

Comments are closed.