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I would imagine they will need a dual pronged approach.
Buy up cheap barrels already discovered as cheap as possible to replace current assets.
Invest heavily in the renewable world. Interestingly you can already get your electricity from Shell and its 100% renewable.....Speaking of which......
https://www.energylivenews.com/2020/07/13/shell-ccs-facility-soaks-up-five-million-tonnes-of-co2/
Whilst it was a huge shock it does look like the dividend cancellation was a good effort.
What would you buy...?
well, I certainly wouldnt be looking at Tullow or PMO ..whatever they buy would have to fit into their plans for say 2025 and that will mean energy storage, renewable energy projects, the electric vehicle charger based on hydrogen fuel cell technology plus developing of CCS technology - plus further solar, and wind investment.
They said they were aiming to spend between $2-3bn as part of the new energies division every year 2021-2025 , ..so they have a lot on their plate already to throw every dollar they can at...
The more I study She’ll the more of a huge beast I discover. For instance She’ll credit cards.....
Be interesting to see where they aim their firepower and in which country....
Or will they buy some proven cheap assets or companies....Tullow, PMO, GKP, or one of dozens of others.......
What would you buy...?
Char333
I think the results are reasonably known given the pre results update guidance - what will matter in my opinion, is the Outlook statement and any decisions made on cost control - eg redundancies, asset sales, etc - ..the market knows what the problems is and Shell knows too - the question is - what are the latest decisions with regards to what they are doing about it all ...
The financial media is a lot of noise...you can find bull/bear opinions , just depends where you look -
Flooding issues in China - big heatwave and Covid issues in the US - never a dull moment
Watching CNBC this morning & the anchor was alluding to the fact that again 7 big tech stocks were carrying on their rise, yet again. Based he deemed on the fed stimulus package & the likelihood of more stimulus in the event of a second wave. The analtyst said the markets keep rising inspite of huge headwinds & a sell off would normally ensue. But because of stimulus package, they weren't sure of market direction. Shells results won't be good. It's great we've held £12 yet again , as someone predicted ,2 months ago over on the advfn site. Will it rise from here is anyone's guess. Reporting season can be a choppy time generally. I think citigroup decided shell was a sell today. But with the recent write down that's to be expected. Not sure how markets will react to shells update. But it will be interesting to see if BP retain their full dividend in light of recent write downs. The calm before the calm would suit me ATM tbh.