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You may be right BBB but worth considering the following:
Oil is currently about 43$ per barrel year to date. Is it more to rise from here?
Is it also possible that their forecast gives RDSB some wiggle room to deliver good news to the upside....
Who knows. Here to a successful future for RDSB and a swift vaccine....
''Personally I think the Shell oil price of 35$ for 2020 is much to low and if things continue will end up much nearer 43-45$ as a year average.''NSS, I hope you are correct but would you not think the guys at Shell who are paid mega bucks might have a better idea than us what is going on?
Propylene in those nappies makes acrylic hydrogel powders and it comes out of fracking oil in the refineries. Of course all those toys, prams, cots you name it and none of that will be generated by a solar plant or a wind farm. Buy those shell shares and wait 9 months and its a case of Bob's your Uncle that RDSB will be a lot higher than it is today.
Hi Torn,
Couldn't agree more. There are always risk in any shares but surely this one at this price has less than most.
What I like about RDSB is they have so many fingers in so many pies and people don't generally realise that......
For instance an education point I learnt earlier.......
Shell is the largest producer of Bituman in the world. They supply enough bitumen to help resurface 500 km of road every day; that’s enough to travel around the world 4.5 times in one year.
https://www.shell.com/business-customers/bitumen.html
Interesting times..........
https://www.msn.com/en-sg/news/world/baby-boom-almost-2-million-filipino-kids-to-be-born-in-2021-due-to-lockdown/ar-BB15Wrih
Follow on point. Remember each baby needs 5000 diapers and that just for starters. I wonder how much the oil industry contributes in getting a shopping aisle filled with that stuff.
Neversellshell22
The whole idea is to give us all a huge discount for those cheap shell shares. Literally just back up the truck if they keep driving the price down. Average off and hold. The best offer you may get for cash elsewhere is 2% a year. More like 18% if you buy and hold here. Oil price will only go down if the global population suddenly decides to fall. The evidence is more likely that Covid-19 will end up creating a baby boom and that will ultimately consumes a huge amount of energy.
So Shale down several millions barrel a day each month and projected to go lower as less investment and the parent wells starting to run dry.
Also the rig count still dropping and down by 700 now yes 700 from last year.
Add to this the fact that there is likely to be a new USA present who is anti-fracking and its looks a grim future for Shale.
Personally I think the Shell oil price of 35$ for 2020 is much to low and if things continue will end up much nearer 43-45$ as a year average.
I assume that Van The Man put all the grim stuff out there and will provide a slightly brighter picture when we get the actual results....Who knows......
https://seekingalpha.com/article/4356932-u-s-oil-decline-accelerates-in-april