Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Yes indeed NQM.
Brent v Shell today: https://invst.ly/x5qg4
Shell dropping back this afternoon despite Brent putting on nearly $2 since yesterday’s close.
BP also easing off.
https://www.pv-magazine.com/2022/01/19/shell-acquires-pv-project-pipeline-in-italy/
Shell acquires solar-konzept Italia
19 January, 2022
Shell has acquired 100% of solar development company solar-konzept Italia Srl (SKI) from solar-konzept International GmbH. The acquisition increases Shell’s solar development pipeline in Italy to approximately 2GW and supports Shell’s global ambition to supply customers with renewable power.
The higher the oil price, the more oil will be released from strategic reserves.
Worth bearing in mind.
https://www.reuters.com/business/energy/exclusive-china-agreed-with-us-oil-reserves-release-near-lunar-new-year-sources-2022-01-14/
https://www.telegraph.co.uk/business/2022/01/18/heading-300-barrel-oil/
very good article Neversellshell22
There has been an explosion on the Kirkuk - Ceyhan pipeline which carries 500,000 barrels of crude oil pd to Turkey. The fire is out and the cause unknown but it has been attacked countless times in the past.
Courtesy of aviduser on LSE BP
https://threadreaderapp.com/thread/1483451830478770186.html
soon :)
Its 90
Boyobach.
Many thanks for your reply.
I see OP is still rising and has almost hit €89, if it continues the current trend, as many are predicting, then who knows when or IF the SP will fall back, at the moment its most definitely on track to go back to pre covid levels in early 2020 and possibly beyond. It seems, right now, Shell are ticking all the boxes with investors.
GLA.
88.15!!!
Thedon1903: I did say 'be prepared for', in other word's, 'don't be surprised' - sp's do not ordinarily continue in straight lines. Shell has had a very good run since late December and so has Brent. The market has some history in getting a little ahead of itself - will Shell fully deliver on those expectations in February? Those who have been buying at recent prices are either betting that it will or they are riding the upward trend with the intention of making an exit prior to publication, and taking a quick profit. It's an increasingly fragile situation largely underpinned by OP - not the most predictable of commodities. It's all fine - but don't be surprised if the path to £20+ isn't a straight line. That would need Brent to be around $95 on current performance. OlivertheHardy points out a potential shortfall in OPEC+ supplies from Russia but I'm sure others in the group will be keen to 'help out' at the current price. In fact Brent has been easing back from $88 during today. I think the chance of a continuous and uninterrupted rise in Shell to Q4 and beyond is a coin flip at best - so it seems worth being prepared for whichever side it lands.
Oil price now $87.57 a barrel.....
News today is that Russia within OPEC+ can only increase production by half what was agreed at the last meeting. Therefore, short of supply...and Oil price goes up.
Now just waiting for the endemic situation and Oil demand dramatically outstripping supply..
Boyobach.
Some pull-back in the sp should probably be prepared for - it has strengthened against Brent since October but the background is rather different now.
Can you say why a pull-back in the SP should be prepared for when, as you rightly say, that the SP has strengthened against Brent since October and the background is more positive ? Surely an increase in SP should be prepared for rather than a pull-back ? I don't understand the logic but then again that's probably due to my lack of detailed knowledge of these things work.
Many thanks.
Also don't forget Q3 results were announced right in the middle of Cop26!!.... perhaps they were manipulated to not look so great ... political correctness and all that?
Correct Pasty - a divi increase seems more likely than a significant drop in OP. Some pull-back in the sp should probably be prepared for - it has strengthened against Brent since October but the background is rather different now.
What's the likelihood of a decent dividend increase?.. that would lift the SP on results day.
It may be tempting to think that Q4 sp moves will be a rerun of what happened at the Q3. This chart provides an indication of what that might look like but Brent has a part to play - and there’s no guarantee that history is about to repeat itself in the global oil market with a drop to $69 as happened in December! Indeed, that seems very unlikely this time around: https://invst.ly/x59wn
You are right, it seems, MrG. Certainly 'green tech' shares like CWR are having a pasting.
Well, with the gap to 1871 filled, that just leaves the one from 2085 to 2124 remaining on the ‘recovery path’. Trendwise, there’s a potential barrier in the form of the red line here: https://invst.ly/x590p which is currently at about 1950.
As others have said, this is very ‘déjà vu’ Q3 and there’s still just over two weeks to the Q4. Will the market blink? RDS appears to be near a natural peak but Brent’s continued rise seems to be driving it further for the moment.
So much for going green. The big boys are flocking back into fossil fuels. Greed always wins.
NSS nice I am also retired and about 2km away from the beach in Cape Town but it’s summer here
£19+ today is possible. Its been a long wait but truly worth it.
... interesting to see what happens when the Dow opens!!