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The spectral dictating hand of the Dutch courts has been removed from Shell plc's throat, and BvB has moved Shell plc's domicile to the UK in order to progress the energy transition (disappointing that he did not say at pace).
BvB & Shell plc are bordering on achieving assylum seeker status, due to the threat of persecution in their homeland. An absolutely massive decision for an obviously very proud Dutchman, but he has got it right in every respect.
Shell has just signed a deal to supply the Mexican state oil company Petroleos at the Deer Park refinery with 200,000 barrels of crude pd for the next 15 years.
A British company for all of 3-weeks. Maybe its just a lucky coincidence, or maybe part of BvB's negotiations for Shell plc to domicile here in the UK. If the outcome is positive I would go for the latter!
https://uk.finance.yahoo.com/news/shell-uk-regulators-revive-talks-175406799.html
I will be shocked if the magic £20 is not hit by the Ex-dividend day of the 17th February. What the Shell plc share price is a fortnight earlier is something to ponder on because I am really not sure, but I would chance my arm at the SP being through the glass ceiling at £19 and around £19.20p on the 2nd February!
For me Shell means happy motoring at the moment, but I am sure Exxon fans will correct me and say that it is "the Esso sign (that) means happy motoring!"
wonder what share price will be the day b4 results. 2 weeks to ride the roller coaster i feel. the run up was very similar to 3 months back, b4 a slight pullback + down on results day. much to ponder.
Shell and British regulators have revived talks on developing the North Sea Jackdaw gas field.
Boyo - it does look like a natural pull-back, but maybe the shares had a touch of altitude sickness, as they have not been this high for some time. Maybe influenced by Biden's talk of releasing some strategic reserves (how much oil is there in a strategic reserve - well we can't tell you exactly, because it's strategic), co-ordinated with other countries. And partly by talk of a Windfall tax on the energy companies over here. Maybe a Windfall Tax will make a few voters happier, but it is addressing the symptoms and not the cause, so it would be a bit of a temporary one-off fix.
Without any doubt BvB has already discussed the issue of a Windfall Tax with Bozo as part of his negotiations to domicile Shell in the UK, and Shell is here, so that I would hazard a guess that a Windfall Tax will not happen, or it will be relatively innocuous. BvB probably said sorry the costs of going green etc are very high, a 5% increase in dividend will only keep pace with current CPI inflation, what do you want UK? We need to be attractive to entice our new British investors?
Then stunning results on the 3rd February. Even after claiming they will use the Permian sale proceeds solely for buy-backs the Shell treasure chest will be bursting at the seams! Even with as much capital allocated & hidden as possible, there will be a few additional coins to throw to the long-suffering shareholders.
Then probably/maybe a traditional dip in the SP with a dose of post-results apathy and malaise. Then a nice pick-up again towards Ex-dividend day on the 17th February
There are a few SP rocket boosters to fire off between now and the results announcement on the 3rd February though. RDS becomes Shell plc on the 24th January, followed by unification of the A & B shares, then the first day of dealing in the new shares. The likelihood is that the
Hi Boyobach
I think you are right on poor getafgrip's post. That's what can happen with wit !!!.
You are also so right that the last couple of days retrace was natural and expected with seeing some profit taking. It was just a matter of when with the recent rise. With Brent nearing $90pb today, in my opinion, the retrace should be short lived. A dip at the US open was fairly quickly reduced so I would not be surprised to see a move back up fairly soon.
Happy times ahead.
Mark
I think getafgrip was joking, Briton.
Meanwhile, it's interesting to see two opposing forces at work: a natural pull-back in sp being offset by a hardening OP - the former currently taking more control: https://invst.ly/x63s4
Dont think Biden could take a limp lettuce leaf without assistance tbf
Price drop may have something to do with Biden pledging to tackle fuel prices.
Get a grip, get a grip!!!!!!!!!!!!!!!!!!!
The end of fossil fuels is NOT nigh! We are NOT all doomed!
EVs are impractical! CO2 emissions are not going to result in us drowning, starving or dying of heat stroke – any more than normal.
Hi Char
Did you ask the 'why' question when the share price was rising many days recently? I guess not. This is an expected retrace, no big deal. Yesterday investors were still buying at £4.00 and will again. Some taking profit and a daily movement of -2% after such a recent rise is to be expected.
Investors would have wished for today's SP at the beginning of this year, just 3 weeks ago.
All will come good during the next 12 months Subject to any unforeseen pandemic, war, comet collisions etc.
Enjoy the ride. Mark
Is there a general reason for the drop today ?
oil down 0.5% shell down 2% any news?
Hi!
Gerry and SE - This is the link to Shell's Simplification Timetable:
https://www.shell.com/media/news-and-media-releases/2021/shell-sets-out-expected-timetable-of-simplification.html
It covers everything you are asking - if not please post again.
Mark - a share price more than doubling since October 2021, and not going up in a straight predictable line, can be hugely disappointing if you only have a negative view and predict continual doom & gloom!
I'm a convert - the end of fossil fuels is nigh! We are all doomed! The share price is only going to go down from here! Yes, we might be twice as rich as we were last October, but isn't all property theft!
Pastyc
Please don't bring your negativity over from the BP forum. What is the point of your constant gloom. Look at the rise of both companies recently and get a grip. Understand that your investment can go down as well as up.
More pain to come when the Dow opens I'd bet!!
As far as I can tell, both RDSA and RDSB shares will be converted to SHEL on a 1:1 basis, hence the disappearance in the price differential which resulted from the withholding tax on A shares.
There used to be a price difference between A's and B's. Under new Shell (SHEL) I think the A's are going. So what is the detail on ridding the A's.
Sorry not really looked at this issue but note the prices are now quite close. I can see much on the investor relations web site on a quick skeg?
I don't follow BP closely but, for Shell, I think £19 may be for next time.
Today's signs of trend reversal (15' chart):
https://invst.ly/x5x-j
Boyobach, Yeah I saw BP over £4 today then there must of been some profit taking. The £4 must be a tough residence to get thru then I think £4.30 is the next one and there will definitely be more profit taking the same as if RDSB gets to about £19.70?