Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell A    RDSA   GB00B03MLX29

Delayed Quote. Delayed  - 10/21 05:37:03 pm
23.315 EUR   +0.24%
04:13p ROYAL DUTCH SHE : Shell Divests Shale Assets in Western Canada for $..
04:13p ROYAL DUTCH SHE : Shell Divests Non-Core Oil, Gas Properties in Cana..
04:13p TOURMALINE OIL : buying Shell oil and gas assets in Alberta, BC for ..
News SummaryMost relevantAll newsSector news 
The feature you requested does not exist. However, we suggest the following feature:

Royal Dutch Shell A : Shell Divests Shale Assets in Western Canada for $1 Billion

share with twitter share with LinkedIn share with facebook
share via e-mail
10/22/2016 | 04:13pm CEST

Shell sells non-core assets to Tourmaline Oil Corp. for US$1.04 billion

Royal Dutch Shell (ticker: RDSA) announced that its Canadian subsidiary has sold approximately 206,000 net acres of oil and gas properties, three 100%-operated gas plants and 719 kilometers (447 miles) of pipelines for US$1.04 billion (C$1.37 billion). The consideration is comprised of US$758 million in cash and shares in the purchasing company Tourmaline Oil Corp. (ticker: TOU) valued at US$279 million, according to Shells press release.

The acquisition consists of 382 gross sections in the Alberta Deep Basin with current production of 18.7 MBOEPD, 101 sections in the Montney with current production of 6.2 MBOEPD, and Shells midstream assets, according to Tourmaline.

Shells infrastructure, which include three gas plants with total capacity of 200-225 MMcf/d, will bringing the companys total processing capacity to 1.0 Bcf/d. Tourmaline said it plans to add approximately 100 MMcf/d of new production from the Deep Basin assets by drilling 31 horizontal wells in order to fill the acquired infrastructure capacity. TOU plans to drill 13 horizontal wells in on the Montney land in 2017, and 54 wells in 2018.

Including the acquired acreage from Shell, Tourmaline expects 2017 production of approximately 255 MBOEPD at the midpoint of its guidance, and 315 MBOEPD at the midpoint of 2018 guidance.

Tourmaline plans to fund the cash portion of the acquisition through committed concurrent equity financing deals totaling C$739.4 million and its existing credit facilities.

(c) International 2006-2016, SANA Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ROYAL DUTCH SHELL A
04:13p ROYAL DUTCH SHELL A : Shell Divests Shale Assets in Western Canada for $1 Billio..
04:13p TOURMALINE OIL : buying Shell oil and gas assets in Alberta, BC for $1.4B
04:13p ROYAL DUTCH SHELL A : Shell Divests Non-Core Oil, Gas Properties in Canada for $..
04:12p ROYAL DUTCH SHELL A : Shell divests non-core shale acreage in Western Canada for..
01:16p ROYAL DUTCH SHELL A : Shell to sell $1bn oil and gas assets
10/21 $406.75M OIL THEFT : Absence of Judge Stalls FG’s Suit against Shell
10/21 FG VS SHELL : Court adjourns till Dec 8
10/21 TOURMALINE OIL : buying Shell oil and gas assets in Alberta and B.C. for $1.4 bi..
10/21 ROYAL DUTCH SHELL A : Govt Vs Shell - Court Adjourns Till Dec 8
10/21 ROYAL DUTCH SHELL A : Shell Oil Assigned Patent
More news
Sector news : Oil & Gas Refining and Marketing - NEC
10/21DJBP : 3Q 2016 -- Forecast
10/20DJSantos Quarterly Revenue Lifted by Higher LNG Volumes
10/19 EXXON MOBIL : Oil up over 2 percent; U.S. crude at 15-month high on big drawdown
10/19 Financials and energy stocks help FTSE to end higher
10/18 Wells Fargo ex-CEO John Stumpf resigns from Chevron, Target boards
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
10/21 Royal Dutch Shell - Additional Divestments In Order To Sustain The Dividend
10/20 Shell sells non-core shale acreage in Canada for ~$1B
10/19 EXXON MOBIL VERSUS CHEVRON : Whose Dividend Is At Greater Risk?
10/19 Elizabeth Warren Fires A Warning Shot At Hillary Clinton On Stock Market Regu..
10/18 FITCH : Batteries could be key disruptor to oil industry in "investor death spir..
Financials ($)
Sales 2016 233 288 M
EBIT 2016 12 870 M
Net income 2016 7 959 M
Debt 2016 67 450 M
Yield 2016 7,36%
P/E ratio 2016 19,50
P/E ratio 2017 12,62
EV / Sales 2016 1,19x
EV / Sales 2017 0,97x
Capitalization 210 836 M
More Financials
Duration : Period :
Royal Dutch Shell A Technical Analysis Chart | RDSA | GB00B03MLX29 | 4-Traders
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL A
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 30,8 $
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Ben van Beurden Chief Executive Officer & Executive Director
Charles Holliday Chairman
Simon P. Henry Chief Financial Officer & Executive Director
Harry Brekelmans Director-Technology & Projects
Gerardus Johannes Wijers Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL A10.26%210 836
BP PLC39.19%114 186
More Results