We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Trump’s comments came after he spoke with Sen. Kevin Cramer, a Republican senator from North Dakota — one of the hardest hit states — on Monday.
“We cannot tolerate having 2,500 troops and missile defense batteries protecting Saudi Arabia’s oil assets while they declare war on our oil assets in North Dakota and across the United States,” said Cramer.
To press his case, Cramer has assembled a group of 10 Republican senators from oil-rich states — all of whom are Iran hawks and have voted on multiple occasions to continue US support and arms sales for the Saudi-led coalition in Yemen. Cramer has called for withdrawing US military equipment and personnel from the kingdom and ending crude oil imports from Iran and Russia. He has also pressed the issue in a letter to Prince Mohammed. Secretary of State Mike Pompeo raised the issue separately with the crown prince earlier this month.
https://www.al-monitor.com/pulse/originals/2020/04/intel-trump-bemoan-oil-price-war-saudi-congress.html
Scoutt,
I totally agree, with what the FT are saying. Also most people on here seem to be ignoring the obvious technicals, a 50% retracement from a very over sold position is very normal before a stock falls again, even more telling is the huge gap it’s left down below which will clearly get filled at some point in the coming weeks. You can look back on the daily charts for Shell over the past 20 years and it’s never left a gap like that without filling it first.
I bought in last week at a very oversold position and made some good money here but I’m out again now and will wait for the next leg down.
Trump is talking rubbish and the Saudis is t sing to his tune yet, Whiting Petroleum one of the big shake players filed for bankruptcy yesterday and there will be many more to come now, Saudis will keep at this for some more time to come.
Looks as though the FT has fallen for a conspiracy theory, Scoutt.
It was clear from the Russian reaction to MBS's decision that they had not been a party to it.
I have looked at all the entries for Mike Dunleavy online, but I haven't seen anything about that, LP.
This just posted on another B&B
Just listened to interview on CNBC where Alaska governor said there is a Bill being presented to remove all troops and military equipment/aid from Saudi if they don’t quickly play ball on oil. He said he is confident that the bill will pass and he and 12 other governors have had call with Saudi to convey the threat.
Not sure of credibility but thought I would post it on for comment.
I bought these on around 23rd March taking advantage of the irrationality of the crowd with a 15% dividend. I think that is probably the only way to make serious money. This share in my opinion will slowly rise. The Virus is already ending in China, S Korea and in my opinion will start to come to an end in around 1 month. The FTSE is around 5,600 which seems to me a historically reasonable level - it crashed in my opinion from a very high level. It is fine for things to slowly grow again over the next few years as part of the trade cycle. I do not believe there will be a dividend cut as Shell has the resources to wait a few months. If I were Shell I would in fact be buying distressed minor players. The current Oil price is barely at break even. Hence either Western Civilisation comes to an end because oil producers can no longer afford to pump oil ..or as more likely the oil price will slowly rise. For a long term buy seemed an unmissable oportunity. Hope Im right.
Testpack.....as a holder I am now looking to buy more shares and believe that the worst case scenario would be a 30% to 50% cut in the dividend still yielding north of 5%. One has to bear in mind that virtually every pension fund in the UK will have a holding in this share.
Financial Times this am says that Saudis and Moscow staged this price collapse as a strategy from game theory, forcing small and “expensive” producers to the wall and breaking the the American shale producers at the same time. Question I have is not if the dividend is cancelled but when and for how long. Expect this to tank over next couple of weeks. Storage facilities are nearing maximum level and once full, crude oil becomes a toxic waste product that you will have to pay to get rid of. Not my words (except the last bit), but the FT no less. Get out now and stay out.
Jamglas.
There has been nothing to suggest the divi is being scrapped. If a RNS is issued to that effect, watch for the sp to be hammered. I believe that RDS have sufficient resources and 'irons in the fire' to weather both storms. Oil and CV19.
Testpack
I did not receive my divi on time ( Tuesday 23rd was payout day) . do you think they are delaying payment or have they scrapped it altogether?
Scoobydoo. RDS have not said it will not pay a divi, but only that it will stop the scrip alternative, which obviously increases the number of shares in issue, and it makes good sense, since it it is stopping the scrip, to stop the share buyback programme.
RNS coming don’t buy they are getting out while others get sucked in
Shell not paying a dividend and it goes up !
Hard to believe it is still doing this. Income stream is being savagely hit, in all areas. Mind bogling
GBern you must be aware of World events?
As far as more luck than judgement...really, apart from the declining oil price and demand Shell are moving more and more into Renewables.
Why re the falls overdone? What rationale provides that conclusion. Based upon the lunatic share price before perhaps.
Of course it will. This time next year we'll be millionaires.
Either supply, brent and wti prices, demand are not important any longer or this is a touch of a b/s rise.
This will be more luck and hope than judgement and anyone who says different......
Left the wildwest (AIM) and dropped money on RDSA, pretty happy with a 961 entry and I’m sure long term nothing to worry about may see further drops but will bounce back plus dividends :)
scaramanga are you Green or a parrot? You have repeated the same statements over different boards.
Read 'em and weep, the dead man's hand again
If Shell goes under then we are all doomed literally!!
Trying to find the is impossible but if oil hits $15 or even $10 then we could see 4/5£ Minimum??
might be a dangerous sport, but if you've got the balls it can also be the most profitable. I am a eunuch by the way.
scaramanga are you joking, £2?
If that comes about, the World will have come to an End.
I have topped up at 985 but I can afford to wait for it to come back up if it goes lower! I am staying away from stock that may go for good and I don't think Shell is one of these.
Worrying times!
You can't stop what's comin'