Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think without doubt a large oil company is a must for a balanced portfolio....since records began apart from a few slight blips usage has gone up YOY and I dont see that changing anytime soon yes we are starting to get a mixture of energy but it is minuscule in comparison to oil.....we cant even get car battery power correct as of yet solar and wind farm will have some impact but tbh it will be negligible for the next decade or so.....oil will continue to be the dominant fuel and will increase of that I am certain.... it also only takes 1 incident to create a black swan situation just look at what happened with the drone attacks and the tanker seizures and these will happen again and again...so for me my choice is Shell regardless of the near term F/C the divi is as good as anyones and the P/E is low so plenty of upside from here yes we will see volatility but take a look in 12 months when you have had the dividends....I bet your capitol outlay is worth more.....GLA
Seems to be about debt management fears in the new results - but the results are ok - an improvement on previous quarter. Oil price down a little too. Many of the sales are small investors - which is odd as dividend cut off date is Nov 4th!!! One would have thought there would be many buys at this time. Perhaps, some are trying to start a buying spree so they can clean up more cheaply. Maybe time to top up?
Report on BBC Business:
Oil giant Royal Dutch Shell reported a 15% drop in third-quarter profit to $4.8bn (£3.7bn) on lower oil and gas prices, but still exceeded forecasts thanks to strong trading.
The result compared with a profit forecast of $3.91bn.
The better than expected results came in the face of oil prices that fell 17% year on year.
"This quarter we continued to deliver strong cash flow and earnings, despite sustained lower oil and gas prices, and chemicals margins," Chief Executive Ben van Beurden said in a statement.
Any idea whats happening here, not seen anything yet today so far...
Not brilliant but better than BP and the P/E is much lower...
Me too. Its on my shopping list.
The other factor to consider here is off course currency conversion rates and the uncertainty leading up to the GE. Looking at the markets today they heavily favour the companies who report in dollars. ( Glaxo, AZN, miners ) Is this a trend at least up until 12 December? Thinking of topping up before the update tomorrow and as someone said below, if not there is a pretty decent divi on offer.
Well its results tomorrow....lets hope they are better than BPs......who knows? personally I think they will be....
Got in earlier at 2318 very happy with that... although it was a bit of a toss up between shell and BP, I needed one oil major to balance my portfolio but the P/E decided it in the end and not todays BP results.....BP are fine and will be.....its just one crappy 1/4 for them they are a well run company and I will look at them again in a few weeks but for now i'll take shell and there divi.....
The extortionate duty on fuel makes me so angry. A concerned citizen. Will be supporting any political group which is in favour of cutting taxes on oil companies and cutting fuel duty down to 10p per litre instead of the current level of 77p per litre.
Now looking unlikely....
May even decrease.
.
Agreed
Nice steady rise over the last 6 months.
Hi, in my experiences , what c e os say & do are 2 completely different things. Talks cheap. Look at b p a few years back. Huge explosion at one of their oilfields, dividend soon disappeaed for a period. Look at Vodafone , same sentiments issued by the incoming c e o, well what do you know, Divi slashed. As in life as in shares no one can guarantee you anything. You never know what is around the corner or what news you'll wake up to, regards shares. Sorry to sound negative but that's the real world . Warren buffet , that cretin, says the longer you hold shares in a company the better the investment. Well from some one who's held Tesco, Sainsbury's, Vodafone etc etc, that wasn't the case. As I always say you can only judge from one day to the next. Time will tell.
The oil industry is always talking about boosting returns and yet the big companies are barely growing their dividends whilst the smaller ones are going bankrupt and destroying tens of billions in equity value between them.
https://uk.finance.yahoo.com/news/1-shell-eyes-dividend-spending-070210814.html
Just hope Shell sticks to its promises and it seriously needs to start increasing dividends again after years of them remaining static (falling behind inflation) - also a share buyback would be useful - could do with a largish one, say around $75 Billion please?
Some very interesting market moves, now do I take a punt on lithium or go for solid, dependable oilco dividends.....
Barclays overweight 3.250
Analysts: Permian Oil Output Set To Double By 2023
https://uk.finance.yahoo.com/news/analysts-permian-oil-output-set-180000699.html
Permian oil production— currently just shy of 4 million bpd—jumped by around 1 million bpd from a year ago and is set to jump by another 1 million bpd, to 5 million bpd, by early 2020, Eric Lee, energy analyst at Citigroup, told CNBC.
“We’re happy to look out to 2023, when it gets to 8 million. ... They figured out how to access it at very low break-evens, like $30/$40,” according to the analyst.
How come they never thought of unlocking the potential of the Permian in the USA between 1975 and 2005 - for thirty years American oil production declined - and yet nobody thought to unlock the potential of the oil resources in the Permian basin? Why not? Especially when 8 million bopd just from the Permian would be almost double the total US oil output in 2006 (from every state including Alaska). So why didn't the US companies/government tap into this resource before 2005? Seems a little odd or not?
Neil Woodford, Britain’s most prominent income investor, has come down firmly on the side of those who think the oil giants’ dividends are unsustainable.
He doesn’t mince his words. “I believe that both BP and Shell have unsustainable dividends that are being financed by a combination of debt and asset disposal. In effect, these companies are liquidating themselves rather than facing up to the need for a dividend cut,” he wrote in his blog on Friday.
“The only thing that can save them from that eventuality, in my opinion, is a return to sustainably higher oil prices – something that I think is very unlikely to happen.”
But don't forget that the share price went as low as £11.76 in early 2016!
(Yes, you could have doubled your money since then even without leverage - so you have to decide were the people who put the price so low back then completely bonkers or did they have some well-founded fears that the dividend would be cut or completely axed, in the future).
hello hello on shell next ex div ???????????
Shell can make alot of money on spread nice dividend and no stamp
Nice chunky dividend to come in next Q brent climbing