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Thank you.
Just done it.
Thank you Jim, I got it now
.... with Brent today and, just for a change, here’s a 15’ 'trading' view of Brent with RDS as the comparison line (in red) over the last few days. It’s useful because it shows the ‘out of hours’ OP movements and the ‘catch-up’ that occurs with RDS when the London exchange opens. It also indicates what RDS might do tomorrow if Brent holds onto its gains or rises further… https://invst.ly/woz70
Absolutely agree with your points Bald_E.
I also believe that the US political influence over OP has diminished since the Trump years - KSA less likely to play ball these days. Western Politicians have clearly been unable to control gas/oil prices as they would like. US Shale producers have finally learned that pumping furiously just to pay down debt is less profitable than pumping less for higher margins (doh!!) etc etc.
OP may well peak in the $80s but I suspect that the days of sub $60 Brent are gone for the foreseeable, which paves the way for RDS to trade above a minimum of £18 once it recovers its 30x ratio, with £22 a realistic target when Brent is around $75. Q2 next year should be interesting in terms of OP, I reckon.
Dear all HL Investors,
HL have just issued the corporate instructions for relocation of HQ, merger of A and B shares and name change.
Log into your account, click blue icon next to RDS holding to vote. Needs to be done by 1200 6 Dec.
"On this side of the Atlantic they are already well down the road to being renewable based businesses as the amount being invested shows."
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Gary, I presume you mean the European side of the pond!
I'm not sure the 'amount' being invested in the renewable side of the business is massively large...possibly fairly big in monetary terms but maybe not as a % of overall investment. The big test will be the % of revenue generated from green business, quite small at the moment I would imagine because they are growing from a small base. It will be difficult to replace the profits from oil & gas, possibly why oil companies may be slow to transition.
Bald E the big players are the big oil companies in the cartel & OPEC etc. On this side of the Atlantic they are already well down the road to being renewable based businesses as the amount being invested shows. Thats not to say that they are going to stop producing the black stuff or shipping gas etc in the medium turn.
Crude Oil Higher After U.S. SPR Release Announcement
https://uk.investing.com/news/commodities-news/crude-oil-higher-after-us-spr-release-announcement-2518349
"Theory - COP 26 & the worlds big players have conspired to push up the price of oil & gas & keep it there for some years. Reason - So that the big oilers & energy companies can make large profits to fund the transition to renewables."
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I doubt that theory is correct....not even sure what is meant by 'big players'!
Oil companies will want to maintain revenue & profits from fossil fuels for as long as possible....it doesn't seem sensible to break their business model by investing in technologies that will reduce the demand for their main product. The only way this would make good business sense is if they can generate more profits from renewables than oil....plus their management expertise is in oil & gas and not wind turbines or EV charging points!!
Theory - COP 26 & the worlds big players have conspired to push up the price of oil & gas & keep it there for some years. Reason - So that the big oilers & energy companies can make large profits to fund the transition to renewables.
Shareholders - SP kept deflated intentionally so that buy backs can be made at lower cost thereby freeing up more money for the transition ... Discuss & GLA all.
On the surface Shell seems to be treading water but actually they are pretty busy.
I think they have had a rocket put under their bottom by Cop 26 and the renewable pressure all companies are facing.
Hopefully the business they are doing will set us well for the future but time will tell. I does seem to be a scatter gun approach but then again I suppose we forget Shell has been into anything and everything everywhere for decades.....
Oil still high 70s so all good and gas just below 5$ so in a great place. Looks like winter could slow all recoveries down but more and more medical progress will see us through long term. I definitely expect Boyo's gap to be filled at some stage.
Q4 Results should be Mega and reduced debt a a further decent amount and the hopeful special dividend (if) would be welcome. Plus hopefully a dividend rise.
All in all a B+ from me as Shell marches forward.....
Char, I'm all wet with anticipation.
it seems shell are waiting for the name change vote before anything else. stayed above the magic £16 that was so out of reach for ages. the trend seems down atm. but if van the man dont pull his finger out of the 7 billion pie soon, i think he should be the next dutch thing to go. dont get me wrong . he put in place many cost cutting practices a few years back, that helped bigtime when cv19 struck + the saudi v russia oil issue occurred . both of which he couldnt do anything about. but now maybe someone who can structure the new energy adventure could be a option. ben your fiddling while shell burns. get your act together or get out. whats happening with the7 billion. royal mail has risen sharply since annoucing their special divi. ill give him till friday, then its a no from me.
Caipi65
Government running them as part of some 'iffy' arrangement via Ofgem
https://www.bbc.co.uk/news/business-59373198
Bulb energy into administration.
1,7 Million customers.
Let's see, who takes them over.
Another $4.5 billion of loans to be redeemed. I am glad to see shell using this period of 'plenty' to get our net debt position well and truly under control.
We are going to need to fund 'green' projects from a mixture of fossils income and new debt. The better our net debt position, the more favourable the terms.
Yea fill your boots oil will be with along time yet and natural gas ,lng will be growing in demand for years rdsa big player in this area
I bought another 1500 shares at 1593
Last Friday 1300 at 1645
Have a feeling that Dutch investors are throwing Shell out of their portfolios.
Yep = and they both have a gap to fill - more of an issue for RDS as it's at 1536.
BP has been tracking Brent rather more tightly: https://invst.ly/woiko
We are now with both RDS and BP where they were between 24th and 27th Sept.
Yes caipi65 - it's swings and roundabouts with BP and RDS - a bit like an arbitrage opportunity sometimes.
BP has tended to underperform RDS of late but was well ahead during April and May:
https://invst.ly/wohon .