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Nightie - concur with your RDSB views. Only real figure that is important in results was the free cash flow - the fact that Shell were smart enough to use some creative accounting to mask profit with huge debt repayment is very sensible.
Head below the parapet time for all ESG negative companies at present.
Hi Bunks,
Think RDSB disappointed the hacks on the early reports as they are not too sharp,I am well pleased with the results,£16mil cash flow ,paying down £8 mil debt which is fixing the roof while the sun shines.Not the moment too be attracting big headlines with big shareholder payouts when the price of gas and petrol are so high,more likely to attract mps to demanding a windfall tax on the major oil companies.There is a possibility of a special divi when RDSB receive their money for the sale of Permian Basin assets that will keep institutions and shareholders happy.happy.
I see rdsb disappoints the market today, its down a bit less than us this morning..... What drama for Shell eh
Boyo will be back - he can't resist…...
Sorry if I’ve seemed anti-social. Truth is I’m happy trucking along with RDS - no effing payment malarky and KRG quirks to worry about. Sure, I’ll miss out when QD hits the jackpot but, equally, I won’t end up in the ditch again if it all goes TU.
At the moment G’s sp is running quite tightly near 1.84 p per $1 Brent and RDS is running at near 21p per $1 Brent - so both have effectively been tracking OP:
https://invst.ly/wflus
And so, from a trading pov, there’s been little difference between RDS and G recently - although we all know which one is less prone to nasty surprises and consequently a bit more predictable. Having said that, RDS is on a knife edge: tomorrow’s Q3 results could see a rocket or a spanner in the works and next week’s COP 26 is yet another potential banana skin for Big Oil in general. Charts are bu55er all use in these circumstances other than indicating the potential upside and downside when the big coin-toss occurs.
For G, I guess that 'toss' will be 4th Nov with the T&O, together with the next payment update and G going ex-div on the 11th --- another perfect storm or a rocket ride to 200p + ??
Meanwhile, for OP, Reuters today reports that ‘ US figures showed tight inventories:
Cushing stockpiles have dropped to 27.3 million barrels, the lowest since October 2018, the Energy Information Administration said on Wednesday, or about half of where inventories were at this time a year ago.’
https://www.reuters.com/business/energy/us-demand-oil-surges-depleting-tanks-oklahoma-2021-10-27/
So I guess that Brent isn’t going to drop back much further and may well punch through the $86 resistance and head higher - and hopefully G’s revenues will keep firm while the oil flows. Maybe I'll get back into G after ex-div and the other suff. GLA
Maybe 'Boyo bait' but where do you think G will be with o.p at say $110?
Glad to hear Bunks.
Hopefully 2022 will be a good year. We will see.
I'm still here too, definitely looking less at the day to day but still I very much nvested and interested in qd/sarta drilling updates and dividend - all good with me.
Glad to see you're both still about and concur that if there's nothing worth saying - then say nothing.
Boyo will be back - he can't resist. He's drawing fewer charts over on RDBS nowadays so probably planning his GENL re-entry point (XD day maybe).
Good Luck and keep the faith ....
Same for me.
Only other thing I could add is that it seems that trading volume is low at the moment. Perhaps people are just sitting tight until we get some news on recent drilling, any updates on the never ending BB and Miran saga, or some other news.
Well ex-div is on the 11/11 so the price so perk up until then and then drop 30 p as it usually does ... we will see.
Boyobach sold his shares and therefore us not contributing much anymore (big shame) and Bunks said he was going to look less at it... and possibly sell ... these guys were the 2 main contributors ....
So not much happening.
Personally, I do not have anything interesting to say that I haven't said many times so I do not post (not that I ever was in the same league as the two celebrities mentioned before, both in terms if quantity or quality).
I will be happy to collect the dividends ... even if it us tempting to sell and buy back after (much better yield usually).
GLA.
Tartine.
Have all the usual posters sold up?
Never seen it this quiet - and that's on a gentle upslope.
Are we only noisy when GENL is falling? Or is there really nothing to see here at present?
when are next earnings - wondering this?