We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Shell (SHEL) Exits Offshore Wind Project With Simply Blue
Read MoreHide Full Article
Shell plc (SHEL - Free Report) recently stated that it has withdrawn from its partnership with Irish renewable energy developer Simply Blue Group, for the construction of two planned offshore wind farms off the Irish coast. With the oil supermajor exiting the Western Star and Emerald offshore wind projects, Ireland's climate objective of achieving an 80% cut in energy emissions comes under threat.
The two parties signed an agreement last November, per which Shell had agreed to acquire a 51% interest in the Western Star venture. The said venture was intended at developing a floating wind facility off Ireland’s Clare coast. The other project was located offshore Cork coast.
Per the contract, both firms had agreed to co-develop up to 2.35 GW of wind energy with the aim of increasing Ireland’s floating offshore wind power capacity.
However, the two entities have parted ways with Shell citing “portfolio decision” as the reason for the exit. Simply Blue, meanwhile, stated that it remains committed to finding a new partner and concluding the two sites off the coast of Cork and Clare.
Shell is one of the primary oil supermajors, a group of U.S. and Europe-based big energy multinationals with operations spanning worldwide. The company is fully integrated as it participates in every aspect related to energy, from oil production to refining and marketing. SHEL operates as an energy and petrochemical company.
The Zacks Consensus Estimate for CVR Energy’s 2022 earnings has been revised 24.2% upward over the past 60 days.
The Zacks Consensus Estimate for CVI’s 2022 earnings is pegged at $5.65 per share, up about 707.5% from the year-ago loss of 93 cents.
The Zacks Consensus Estimate for Murphy USA’s 2022 EPS has been revised upward by about 25.9% over the past 60 days from $19.13 to $24.09.
MUSA beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being 49%.
The Zacks Consensus Estimate for EnLink’s 2022 earnings stands at 41 cents per share, up 720% from the year-ago earnings of 5 cents.
The Zacks Consensus Estimate for ENLC’s 2022 earnings has been revised upward by about 17.1% over the past 60 days from 35 cents to 41 cents per share.
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Shell (SHEL) Exits Offshore Wind Project With Simply Blue
Shell plc (SHEL - Free Report) recently stated that it has withdrawn from its partnership with Irish renewable energy developer Simply Blue Group, for the construction of two planned offshore wind farms off the Irish coast. With the oil supermajor exiting the Western Star and Emerald offshore wind projects, Ireland's climate objective of achieving an 80% cut in energy emissions comes under threat.
The two parties signed an agreement last November, per which Shell had agreed to acquire a 51% interest in the Western Star venture. The said venture was intended at developing a floating wind facility off Ireland’s Clare coast. The other project was located offshore Cork coast.
Per the contract, both firms had agreed to co-develop up to 2.35 GW of wind energy with the aim of increasing Ireland’s floating offshore wind power capacity.
However, the two entities have parted ways with Shell citing “portfolio decision” as the reason for the exit. Simply Blue, meanwhile, stated that it remains committed to finding a new partner and concluding the two sites off the coast of Cork and Clare.
Shell is one of the primary oil supermajors, a group of U.S. and Europe-based big energy multinationals with operations spanning worldwide. The company is fully integrated as it participates in every aspect related to energy, from oil production to refining and marketing. SHEL operates as an energy and petrochemical company.
Shell currently has a Zacks Rank #3 (Hold). Investors interested in the energy space might also look at some other similar-ranked stocks — CVR Energy (CVI - Free Report) , Murphy USA (MUSA - Free Report) and EnLink Midstream (ENLC - Free Report) . You can see the complete list of today’s Zacks #1 Ranked (Strong Buy) stocks here.
The Zacks Consensus Estimate for CVR Energy’s 2022 earnings has been revised 24.2% upward over the past 60 days.
The Zacks Consensus Estimate for CVI’s 2022 earnings is pegged at $5.65 per share, up about 707.5% from the year-ago loss of 93 cents.
The Zacks Consensus Estimate for Murphy USA’s 2022 EPS has been revised upward by about 25.9% over the past 60 days from $19.13 to $24.09.
MUSA beat the Zacks Consensus Estimate for earnings in all the trailing four quarters, the average being 49%.
The Zacks Consensus Estimate for EnLink’s 2022 earnings stands at 41 cents per share, up 720% from the year-ago earnings of 5 cents.
The Zacks Consensus Estimate for ENLC’s 2022 earnings has been revised upward by about 17.1% over the past 60 days from 35 cents to 41 cents per share.