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Thank you for your considered remarks.
I remain bold to my contention that RDSB is a weak buy. And although the news from America is a decision on the election the principle uplift in the share price has been the statement from Pfizer on vaccine progress.
Sure, it is very good news and, IF peer review gives endorsement then there is high chance of emergency authority and rollout. And this good news, coupled with a change of USA President in 2021 has, I believe, been enough to give the world a sign of relief and a "spring in its step".
This buoyancy is great - I am not dismissing it at all - but it is important to consider the role of big oil in the future of energy. Shell is trying to move in the direction of renewables, but as a collossus, direction is better achieved through acquisition rather than organic/ systemic change.
Sorry if I am speaking out of turn and not adhering to the brittle agenda. Shell is a company I have followed and, for the most part have owned shares in for decades. Most of my holding was sold 3 years ago. I have fewer than 1,000 shares at the moment but began re-purchasing in earnest during 2020 with a monthly buy order
''Putting 1bn in perspective - my definition is that it represents the number of minutes in 3,000 years''-------nope,only 2000 years.
We agree with you Alas Smith,
You should read caitlin1 previous posts, and understand she is holding heavy loads at £25..
There is always an angle on these boards!!
Emma
Alas_ Smith,
Biden has merely said he will look at reducing oil industry subsidies....he knows the cannot shaft Texas and Oklahoma etc
"Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year; with 20 percent currently allocated to coal and 80 percent to natural gas and crude oil."
I dare say that the US oil/gas industry will cope with a timetabled decline in that $20 billion... whereby they will get tax breaks to operate wind farms etc....
Biden also knows he cannot just kill off the shale industry and put back US dependence on to importing oil from Saudi Arabia ...he needs to tread carefully
https://www.eesi.org/papers/view/fact-sheet-fossil-fuel-subsidies-a-closer-look-at-tax-breaks-and-societal-costs
Boyobach
A good overview of Biden and where he stands...agreed
Pokerchips, the hope is for a decisive victory, whether blue or red from a financial markets perspective, I suggest as this will have the short term effect to throw colossal sums of money into the market to reserve economies. If blue is the decisive winner, then Paris agreement will be renewed and focus given to renewables. Crude price is at least stable at the moment and has little chance of growthunless there is a harsh winter or economies pickup...... leading to container ships sailing, airlines flying, hauliers moving goods and people using their cars.
Putting 1bn in perspective - my definition is that it represents the number of minutes in 3,000 years so 1tn is quite staggering
I agree with Pokerchips.
Trump has always pursued policies that encouraged a low OP - how did that benefit RDS?
Biden is a Corporate Democrat rather than a Progressive (which is probably a pity for the majority of US citizens).
He is effectively a moderate Republican, who Trump has tried to portray as a Leftist like Bernie Sanders.
However, Biden may well restrict the activities of Frackers on environmental grounds via regulation etc. This would assist OP.
I don't think the Presidential choice will make much difference to Big Oil either way
"A decisive Democrat win will see a far faster shift to renewable energy and have no material effect on oil majors so they sink or swim for themselves."
Alas_Smith
An interesting comment...but...I dont personally think it will happen "far faster " ...
Biden has a lot on his plate if he wins and I cannot see him doing much with oil until 2022 at the earliest
You have to remember just how many states within the US are net receiver of FED Govt aid , and where that money comes from....from the oil/gas states of the likes of Texas as an example ... other net tax payers like New York are sunk and wont be handing over too much in 2021, that is for sure
The FED Budget deficit under Trump was over 1 trillion Dollars last year ( even I could create jobs if you let me have a spend of over 1 trillion dollars to budget income ) ...you cant even get your head round what it will be next year
Biden is going for votes right now....but...he knows he cannot afford to cut off the hand that feeds him...despite the fantasy ideas of those who think he can and for life to stay the same
Right now in California they have been cutting off power to up to 500,000 people because of the threat of fires ....it is a pipe dream to think that one of the biggest economical engine states in America can provide enough power for electric cars there, at present .... laughable
caitlin1, I am afraid that I have to disagree with you for this to be a strong buy. I will concede that it is a weak buy, but strong, no. The political complexion in USA will determine the next major direction for oil companies. A decisive Republican win will see oil shares improve considerably, a weak one, modestly . A decisive Democrat win will see a far faster shift torenewable energy and have no material effect on oil majors so they sink or swim for themselves. A weak win and it will put back renewable and traditional energy company prospects for at least another 4 years.
Of course, it is simply an opinion and the only reason I continue to add to my holding each month is for regular dividends. What a pity that Shells long period of fat dividends was changed.
For a decade+ investment this is such a bargain! I wouldn’t buy it for the short term as there is too much uncertainty.
Strong buy.