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Just seen the whole of the BP presentation and its makes our look very very 2nd rate.
It was full of colour, vibrancy and clear concise factual planning.
This is what we are going to do.
This is how we are going to do it.
It certainly seems to have stirred their loyal share holders.
Which company is best for share holders. Who knows Im a Shell believer as I think in todays words Big is beautiful and it could be that Mr Grey and our slow and steady strategy wins the race.
One thing in for certain we have lots if fire power to buy things that we think can make us money as we have done over the last few weeks.....
BP has previously said that 10,000 people will leave by the end of the year
- another reason why they had to cut the dividend...you can hardly lose 10,000 people and continue a full dividend in the current situation and come out smelling of roses
SHELLl has spoken about Voluntary Job Losses but they havent talked of numbers anywhere near what BP announced as yet
SHELL have previously said in May :
" There could be further redundancies related to the pandemic in the second half of the year.
Over the coming months we will go through a comprehensive review of the company."
The CEO wrote that SHELL will have a clearer picture of what the reorganization of the company will look like by the end of the year, with some divisions being affected more than others
so..in terms of the employeee numbers BP is ahead on the decision making and that may be what the market likes with regards to BP , and is still awaiting from SHELL
BP Redundancy news - https://www.bbc.com/news/explainers-52966609
SHELL plans - https://www.bloomberg.com/news/articles/2020-05-21/shell-plans-voluntary-job-losses-to-mitigate-impact-of-oil-slump
Hi, no I don't see any chance of a merger between the two. But merely pointing out rumours of that happening is the only way shell can see £18. Like you say, £12 £14 is more realistic imo , though I would be happy for it to stay around these levels till next update in November. Then see what BOD have to say then.
" SHELL are lagging behind BP on the recovery front "
I think Shell currently has a bigger problem with gas ....which isnt going to show recovey until Q4 due to the lagging of prices related to oil price.... that still has to come through in Q3 figures... gas futures prices "should" increase as we head towards winter ..hurricanes off the S.E US coast can hit demand for gasoline over there, in affected areas
The market wants various BODs to achieve certain targets and make certain decisions and rewards them when they do, and walks away if they do not.
BP was more oversold before recent results than Shell I think...Shell results were largely pre-released and there wasnt expected to be any further dividend decision.
The market I think wanted and expected BP to cut the dividend in view of current market conditions and had they not, the market may well have taken that as a poor move given balance sheet issues and market conditions.
Oil prices have been affected positively of late by the recent fall in the Dollar value....and a huge stimulus from the Trump Admin may well cause the Dollar to fall further..and oil prices rise as a consequence.....OPEC+ needs to keep a careful watch and balance demand/supply
I wouldnt compare BP and Shell purely on a weeks SP movements....personally ....
£18 is out of reach for the short term, I think £14-£15 is a sensible price target to aim for in the current climate. I do feel like BP would be a takeover target for an American outfit with their large natural gas presence in the states. I’m hoping Shell stay clear of a merger and stick to the game plan. That’s me for today. Good luck all!
When i held shell & BP 15 years ago, a merger between the 2 was often mentioned more in jest than anything else. Forward 15 years & it doesn't sound so far fetched. It's the only way I can see the shell share price getting up to £18 over the next year or so.
I have been trading BP for the last few months but now I have jumped out for good and I’m going all in to shell, the reasons are pretty much the ones you have pointed out, shell are lagging behind BP on the recovery front, slightly lower dividend yield but it’s negligible. I can’t see the US stimulus package not going through, trump will do all it takes to push it through especially in an election year, this will push inflation up and increase the price of oil!
Clutching at straws now but if the explosion in Lebanon does turn out to be some sort of attack that will increase tensions in the Middle East thus pushing oil higher too. Both are outside of the companies control but as for controlling the things can influence they seem to be doing all they can. I have a lot more faith in the Shell CEO than BPs.
Any reason why this is severely lagging behind BP. From what I can see this Q2 dividend people are on about is not that different to Shell we offer 1.08% and BP offers 1.35% for Q2 seems bizarre to me. I would have thought people would notice BP has made a lot of gains but, Shell hasn't so would be buying this instead.
Bp on a roll. Rdsb still dead horse
It is odd.
Could be wrong, but I believe that BP has fulfilled the required criteria for many Fund Managers to qualify for their ethical/green fund investment funds for several years now, so nothing really new
My thoughts exactly, I was very surprised at the tree hugger comments.
Reading some of the replies on the BP board was interesting.
I noticed a few posters strongly complaining about the fact that BP are moving more and more to green energy and "that Greta" stuff, whereas they'd invested in proper Oil and Gas.
Very strange and they'd do better to move over to one of the US companies, who don't seem to give a toss what happens to the world, imo.
And there's me thinking I'm an old fossil and stuck in my ways :-)
Have to say it is much much more exciting to our although pretty much the same aims.....
Strange that Exxon and Chevron don't seem to be moving towards 2050 targets in the same way. USA thinking I guess.
One thing is very clear both Shell and BP believe they will make more money in Green energy than they do currently. Size being the key factor in this......
Clearly all the large investments look lie they will be green at the moment and for the foreseeable.....Unless there are a few oil bankruptcies along the way or distressed sellers which Shell swallow up.
All in all lots and lots going on and Shells tenticles reading further and further...
Heres one I didn't know...Shell are into Feedstocks !!!
Another step towards reducing our Carbon footprint....
So the BP update is basically a copy and paste of ours. Moving away from Hydrogens into Renewables. I knows its been said time and time again but would now be a good time for a merger. How powerful a group would that be. How much savings could be generated.....
Very decent day for us though and Oil seems quite happy.....
Why should I do what you wish. You can do as you wish & so can I. Not once have I ever stated I'm good. My previous predictions have been in the main very good. I've lost money on the banks, Tesco , Sainsbury's, Vodafone + now shell. So when I have so much experience of shares which all did really well for a good period before bombing, so I point out that it's a long long way back. That's just the truth. Yes I'm poor at buying shares. But why is shell gonna buck the trend of the above mentioned shares. It won't. Truth.
anon3, agree with you about char333.
He/She cannot be a shareholder to bleat about it daily. Don`t need the daily rant stating the obvious. Must be the life and soul of any party. Filtered
give up the preaching, man ..it does get tedious...
....if you were so good you wouldnt have been in denial of reality yourself,... and be sitting on a loss..now would you?
Yes, your bored to death of hearing the truth, as many on here are in denial at the reality. Do as you please, filter away. But 1 by 1 you will all come around to my way of thinking. The truth hurts , doesn't it. Carry on burying your head up your hole as you cant handle the real world.
Buying shares shouldnt be a "gamble" - more a "calculated risk" - in which that calculation is constantly reviewed and appropriate action taken depending on the assessment of that risk... it is a gamble if you just buy and ...hope for the best...
It's "has", not "as".
Char, a master at stating the bleeding obvious. Again.
Filtered, because I'm bored to death of hearing it.
Well BP as followed suit & cut the dividend. Maybe now oil share holders will see the depth of the challenges facing oil majors for a considerable amount of time. Last time BP cut dividend it took 5 years for it to be fully restored. Share price as never gone back to pre Divi cut prices. Same happened at all the banks, Tesco, Sainsbury's, Vodafone + bt. CEO's now spouting the same lines as the above mentioned stocks. Challengeing situations, competitive issues etc etc. Shares are not rocket science. I know little about the intricacies of the stock market, but there's not much to knowing about shares. There based on one thing, profits. Falling profits mean dividend cuts, period. I wonder how many footsie companies will now see rights issues as a way to prop up falling balance sheets.i don't see any other options open to them imo. No one can do any research for the banking crisis, September 11th, cv19. Buying shares is a gamble. Buying BP & shell today will be a decent buy, but a roller coaster over the next few years. But anyone expecting some huge quick turnaround go look at the above fore mentioned stocks & see where there share price was, predividend & after & the reality is there for all to see. You won't need to visit spec savers. That's the reality.
just bought a 1000, never sell shell and all that - see how they look in a year - 4% divi has to be better than sticking it in the 0% bank account surely? - covid risks obs but worth the reward - might even see super major consolidation - who knows what the future holds
Market seems to like their proposed new sustainable dividend strategy, share buy-back commitment and new focus.
Seems both BP and Shell looking to move forward on a similar path