Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video 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.
As I type, the ICE price for Brent is below $37.3 about $5 down on last Friday’s market close. This will potentially have knocked at least £1 off RDS in the meantime.
https://invst.ly/smz90
Because the US market is closed, Exxon and Chevron have yet to react to the continuing steep fall in OP.
For those watching Brent on Investing.com (which I use on my charts) be aware that the intra-day price is currently the January contract, about $0.5 above the actual ‘front month’ of December - they invariably switch on the last Sunday of the month. Their historic daily data for Brent will be correct for LCO.
Shell is at present seen as a bit of a bellwether with regards to the world economy and its prospects.....and given the COVID situation of lockdown/restrictions and the imminent US Election ( effect on US Dollar ) it isn't surprising that the share price is volatile ..a bit like a needle on a seismograph
There is also the prospect of there being 2 months of non- activity in the US with regards any stimulus if Biden wins and Trump decides to play hard ball with any stimulus progress
It'll take a day or two for the Q3 statement to be fully digested by the market but the first hour's trading seems to have put RDS roughly back where it was on Oct 2nd, when Brent was just a touch higher:
https://invst.ly/smv4t
Back in June, when Brent was similarly priced, RDS was 1300. So perhaps reactions here today simply reflect relief that yesterday's significant drop has, for the moment, been reversed. RDS remains under the five-month downtrend and would need to be around 920 today to be showing any prospect of breaking out of it.
Leas yesterdays news that. FTSE futures currently showing the market 8 points lower at the start. Personally with the price at this low bad news should be priced in but what do I know....
Brent isn't down 5% since the stock market closed at 16.30 - only slightly down according to ICE. We've already seen the effects of that 5% drop.
PoO down over 5% as I type and the DOW currently down over 900pts (day low ) going into the close. I hope tomorrow’s news is much better than expected.
I have similar views to you Mj although I'm not sure about Peak Oil (demand) being a decade away - not that I'm qualified to say, it's just based on the range of arguments and sources I happen to see, including reports and arguments about BP's 'Energy Outlook':
https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/introduction/executive-summary.html
Peak oil is still a decade away and after that will be a shallow decline whilst infrastructure and generating capacity increased, then there's the gas for our heating etc to get to a situation where fossil fuels are redundant will take decades with an eye watering cost unfortunately. Companies like rdsb and bp will thrive although some smaller players will not. Gla regards jack
RDS continues to track Exxon over the period since their peak in June. BP still lagging over that period whilst Chevron still leads the way. All four have Q3 results this week: one down and three to go. Friday represents a chance to evaluate all four.
https://invst.ly/smhaw
It was always a bit risky to top-up whilst RDS was below that long red down-trend. add to that the absence of a well defined support level and blind faith in a vaccine and you have a massive trap for the unwary.