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Its hardly surprising that US shale shares have bounced back quickly.
The shale industry is much more agile than North Sea Oil, simply because they are land based.
They can just simply ramp up production in months rather than years and with oil prices rising the incentive for big profits pulls up the share price.
When is the end?
September update, on Avanza there same speculations as I had. Prospect can’t be based on 2020 numbers.
So either prospect in September or bring in half year results day
Fundamental's always value a stock correctly in the end.
The next update in September will be the one we've been waiting for.
There 's many things my answers won't explain, Romaron. I 've given up on looking for answers for every question as markets are not always rational. When you compare share price development between US and UK oil service companies, you will see a similar disparity by the way. But markets are linear until they aren't any longer and eventually fundamentals/numbers will prevail.
There is that of course. They've always been more gung ho and certainly don't view the world through European eyes. Either we're oversensitive or not coming back until the amount of cash we're throwing off makes us a raging BUY. Your answer doesn't explain why companies like BP and RDS are in the doldrums though and Harbour is effectively US owned. Companies like EIG Partners favour European oil companies but not the US public it seems. Could it be a case that they see ESG as a European campaign and have joined China, Japan and probably India in ignoring it?
Good morning, Romaron. So many small- and midcap US-oilers that have extremely limited coverage have done very well too. The reason why we haven't moved yet is a very simple one in my mind : the Northamerican market still attracts an overproportionate flow of money. That can change.
I make you right Modestus and I'm quite jealous I didn't get on board shale for the turn around. I have a couple of suggestions why we are in the doldrums.
We don't have much brokerage cover and one of the culprits is Mifid II. The sell side analysts who used to make a living flogging shares and research. Compliance and Mifid regulations have crimped coverage of small and mid-cap companies which because of the ESG assault we have unfortunately become. We've lost our champions!
To compensate for the revenue squeeze younger and cheaper research analysts are being used. The lucrative FTSE 100 does OK but it is then scaled back down the line with 44 per cent of AIM stocks (according to FCA) not having any research at all (I don't condider 'Malcy' as research).
I don't think we should underestimate the lack of coverage. Avertising works but it could be money down the drain if sentiment and the tide is against you. Wish.com which (imo) sells overpriced junk on the web spent $1.7bn on marketing to bring in $2.5bn of sales last year. That is what we are up against.
I see a fight back against ESG and whilst we'll never regain popularity https://www.youtube.com/watch?v=NpjdRUffWj8
there will be a need for fossil fuels for decades yet. The numbers WILL do the talking.
*Mifid 11 - EU transparency rules that, among other things, unbundled research payments from trading commissions. Most asset managers chose to swallow the cost of research rather than pass it on to clients, and as a result have cut how much they spend on it by up to 30 per cent, according to the FCA.
Modestus,
Being Dirty, It may work for them.
I tried being "Dirty" once, my wife just slapped me around the face !
BP and RDS are getting greener than any of us could imagine few months ago, has it helped their share price evolution? I don't think so...On the other hand, i could list you dozens of shalers whose share price has quintupled, sextupled, decupled in less than one and a halve years. Yes, shalers, that do nothing but pumping dirty oil. While using dirty chemicals to extract that dirty oil from rock. I am confident numbers will do the talking.