Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Week or two ago this SP was about 1270p with Brent being about 30 bucks. Brent is now 36 bucks and this is still about 1270p. Seems like a mismatch to me.
Thays the stock markets for you. Make no sense. Best give up trying to figure it out. This just looks like a get in & get out stock ATM. When it as new direction up or down, , no one knows. I can't understand why it hasn't falling much since dividend slashed, but thats what as happened. What little I do know is stock markets run on for no apparent reason. Then for no reason , they go down. Or out the blue they use cv19 to sell off bigtime. Bit like the tide.
worth looking at changes in the shapes of the forward curve for brent/wti (not just spot)...and the fortunes of large listed comparators (like XOM)
perhaps retest 11.50 before next leg up??
I don't think anyone can predict where shell is heading the near term imo. I think it's human nature to be as postive as the market can be with CV 19. I think alot of people follow suite on here, by just staying positive. I call it burying your head up your hole. Sooner or later cv19 impact is gonna come to the fore. And will show on many balance sheets for the next 6 months at least. Ok , a handful have little exposure , IE, supermarkets, telecommunications, drug companies. But most will have to show that the brown stuff as hit the fan. Retail, leisure and oil are some who will be out of pocket for sure. My guess is there won't be any £15 anytime soon. Of course oil is very violatile, so anything could kick the oil prices up sharpley. But we don't get that luck. So this phoney , let's put a brave face on things is the normal for NOW. Which companies will be 1st to spill the beans.
Fair point jollyspeculator, my hunch is the markets are going to see relief from unlocking of economies, so I'd say prob consolidate current positions then leg up.... but WTFDIK etc, you could well be right.
I had occasion to travel from n bham to w bham on Tuesday. Traffic heavy both ways. Yesterday walked past the m6 , M5 interchange , n of bham. Like a steady Sunday. Many , many huge tucks on both. Ok the m6 is usually a carpark, but it's a start.
As for people being terrified to go back to work. Well you reap what you so. English governments have knocked the crap out of your average . So no wonder they take from the government. Who caused the banking crisis. The banks . Who did the Tory government make pay for it. The average guy in the streets. So who's gonna pay back the billions the Tories are now propping up the economy. Yes, your average guy in the streets. 15 years back interest rates at 5% plus. Now , nearly negative, so people forced to gamble on stocks. We live in a nanny state because English governments made people that way. Would you believe a word the Tories say about safety at work. No chance. They've covered up hugely the care homes deaths that they caused, by turfing o a p's out if hospital into care homes. People today can see through their crap. As the teachers are proving. Remember Dave's classic, yes him who got the boot because he gave the electrical vote for Brexit + loses. Were all in this together. The Tories won't suffer. But God help your average Joe.
v sensible post, Phil...if only more were as polite and sensible
Well, I went to two Asdas in Birmingham today and there was very little traffic on the roads at 3-4pm, which is when it's usually building up. If I had to guess, I'd say 30% and probably less.
Retiredcopper, please refrain from stereotyping everyone who might be a beneficiary of one of the schemes as enjoying a holiday; it's just insulting. That said, I have been enjoying the sun, the last couple of days, which is something I never get to do unless I go on holiday. (I work seven days a week normally).
As a self employed person earning above average pay, I know full well who's going to be paying it back.
RetiredCopper There is 2 sides to every point yes the 80s were hard and the dole was really bad but you could buy a house with a garden which is much harder now.then you had the good years up till the financial crisis which was over spending that the young will have to pay for and as they get older they will be lucky to get a pension before they are 80 as it is the next generation that pays for the current pension and the generations are getting older and the young who pay for the are getting less
Hopingmore,
What good years were they then?
In my game you earn half what you did in the early 80's, as in £2k a week as opposed to £1k now and that's before you take inflation into account.
Not that I don't have sympathy for the younger generation.
I've been saying for the last ten years or more that I wouldn't want to be a teenager now.
How the hell can you expect to buy a house, for example, unless you're relying on the bank of mom and dad?
Do not fall into the trap of making it a generational divide, as we've all suffered over time.
Fwiw, Birmingham has the youngest population in Europe (feel free to check it out) which you would think can cover the costs.
But given the demographic, I wonder how much money actually stays in this country.
I suspect it's not as much as we'd like.
My point exactly we all have had good times and bad and the next generations will have the same albeit different worries so say the young have it easy now is just it’s hard to remember the good times but the hard times stick in the mind
And anon if you were earning 2k a week in the 1980s then that makes you thatchers yuppie generation that spent the oil wealth well played
Actually, no.
I was on my ar*e in the early 80's and didn't get into the game until later.
But know many friends who were in that game then (power stations).
I've progressed over the years and changed my game (still skilled mechanical), but the wages have barely risen.
That's what I meant.
Oil wealth spunked?
I totally agree.
Well fair play for that . You certainly surprised me with your views. Impressed indeed. Thatcher brought nothing but hate & annexed the country . I to signed on in the 80s. It took your self respect away signing on. But to be balanced they sign you & let you go. Now they sanction you for the meerest thing. That's why major towns are full of beggars. And many women are forced to prostitute themselves. That's when the underclass began under Thatcher. Exclude people & give them no hope & they have nothing to lose. And that's the most dangerous person there is .there's a class now that goes way below underclass & that's that hers legacy. Sod everyone else & pull the role up.by the way I worked in the employment services for 7 years so I know both side of the coin.back to shell, let's hope for a better week next week.
Yes, I agree on many of your points. But to be far to the English public , they observed the lockdown rules much better than I expected give or take a few. But once that Pillock Boris came out with that stay alert cod's wallop they lost the majority of people who took to social media to pass ridicule & were just in their mockery. Who the hell thought up this message & number ridiculous slogan.
As for visiting beauty spots, there's not any in bham, so the parks have to suffice.
I read over on the advfn shell site they have won the Nigerian court case & people think this will fly on Tuesday. Also I read an article saying this is s could till a very good income play. Despite dividend cut. That's where we are now. Everything is marked down, but any little positivity is highlighted. To use a football parlance , it's like a crap football club like Aston villa , who won major trophies 40 years back, yes kids it's true, Google it, but now the club is crap & so poor that their only ambitions is to stay in the premier.
Once dividend is cut share price performs in that same manner.
Char, some of your predictions have come true ie divi cut but (21st Feb-----I've topped up around £18.75, ), this is the bit that bugs me.You predicted pretty well so far what was coming down the line and you still bought at the above price. You also said if it gets back to £24 you might cut and run at a loss therefore your personal holdings must be higher than that. Your wisdom seems to have came pretty late in the day.
Hi baz, hope your well. Your right tbh, but I was betting against my judgement . It rarely works. When you've played shares for over 25 years you develop a sixth sense for bad news on the horizon. But I suppose I'm like everyone else & took a punt on , never sell shell, shell have never cut the Divi, shell are cash rich etc etc.
Wish my sixth sense had kicked in in February.. But at least I sold my place abroad last year and kept the proceeds in cash. Pure luck.
Brent continues its rise upwards, and both RDSB and BP continue to stutter. I guess there's so much uncertainty regarding economic impacts at the mo, not many are piling in.
dreammachine, you must be betting pretty hefty big bucks to be coining from these pretty small swings. I only have a relatively piffling amount in ATM, but I am just in for the long game TBH.
Don't forget the price of natural gas, it is still a disaster
good point.