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Sorry meant £22.50. when next results are published the market makers take one part , as do brokers to highlight a negative or positive angle as they deem fit. Gas, oil prices are retacing but they did rise quickly, so let's wait + see. The c e o was spouting about being positive overall + kept on about the bigger picture. He said a few months back he saw dividend rises in the coming 5 years I think. So let's hope that happens asap. The big share buy backs aren't having much positive impact as far as I can gauge.
On the whole, what with the recent results. You'd expect a call from £2 50 . So no real surprise. Shell usaul rises in to the fall. Trump is gonna move heaven & earth & China it seems to get ready elected + I here constantly on c n b c that in October he will start is juggernaut rolling for the Oct 2020 election in u s a. Balance that with China, trump war. Iran still making noises + of cause the Brexit situation. Surely everyone now knows there isnt a Brexit of any type. So on October 31st will the market crash. Well I've long been saying shell needs it's next results update, well whens that. Oh yes it's October 31st. You couldn't script write it. The one thing with oil is it's always in the news & changing on a daily basis. What with , suadis, Iran, Russia, USA, OPEC & the rest theres always a story to move the oil stocks up or down. Just topped up, so bound to go down now. October 31st will be a momentous day, but in what way no one can predict imo.
Char333
What suprised me in the last quarter results was the fact that the average Brent price in the quarter was 69 Dollars
..and this quarter so far .....far lower
Gas prices are still poor
Chemicals revenue must also be much as per the last quarter
I think it is easy to chase a share price movement ...but for me ...at the moment I cant see a earnings reason to do so
what do you think ??
Might have missed the boat. I held shares at £23.20 b4 so if a retracement down tomorrow I will top up.