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the Nopec bill wont be helping the sp's of oillies nor the POO. Given the reterick of the orange man this last year, he only has to sign a bill into US law then Opec will be toast , there is quite a lot of support for the latest reincarnation of this bill, and with the US being shale sufficent why would it not go through ?
https://www.cnbc.com/2019/02/08/a-bill-to-hobble-opec-is-advancing-in-congress.html
What is more.....if...Corbyn caused a recession and interest rates dropped even more and import prices rose...there would quite probably be a rush to find yield ..into the dividend paying shares... and Shell is so global anyway
Maverick7
well a 2% recovery today (if it holds) on US Payroll numbers boost and OPEC detail..... there really isnt a sufficient care about Corbyn on this one until the detail and consultation comes.... it is all just about trying to get the young Extinction Rebellion voters .... and then...think about the detail of it all at a later point in time....
If ..and a big If ...Corbyn got a majority and sterling crashed....shares like Shell would probably gain..as their earnings are in Dollars
lol Pokerchips, im staying out until after the election or if the market takes the p**s in the run up to. Will definitely buy in next Friday though with a first wedge
so how on earth can the SP be rising and buyers coming in...if....Maverick7 has said that the SP wont move up?
Few buyers or sellers right now are too concerned about the idea of a windfall tax, which hasnt even started any kind of consultation period ...and Shell are very much involved in the "new" energies anyway....
What is Corbyn going to do?..take a tax off Shell and then give them money out of the fund to develop more electric chargers at the pumps , or pay them from the fund to continue their wind power developments etc
All a bit ridiculous to start hiding under the bed over Corbyn and some windfall tax , at this stage
not until next Friday i'm afraid
At last OPEC production cuts to be agreed should immediately move things up