The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I see rolls Royce are rumoured to be having a rights issue. The start of a few I'd suggest. Can't see have some companies have much choice than go down this option.
Hi. Well I agree with the 2/3 year period, but. But as for pre vivid share price no chance of that whatsoever.
I see motley Fool ran an article about shell & whether it would be ever £20 again & saying it would, maybe quicker than most seem to think. I think "fool" just about somes up that company & their assessments on RDS & most other companies they comment on. These people living be in fantasy land. More chance of Aston villa qualifying for champions league in the next 2 years than RDS getting back to £20.
Hi Surfa,
I agree that it's a mid-term game and probably a 2-3 year hold. But we should be handsomely rewarded for our patience.
Demand is indeed challenged due to the pandemic, especially short term. The oil price has recovered quite a bit while the economy and especially travel are still in bad shape.
However, in Q4 US shale production will fall of a cliff once the already drilled wells deplete. The rig counts are really down. I'm quoting Art Berman here, not my own drivel. Here's a link to an interview with him:
https://www.youtube.com/watch?v=4Wvb0d3tUyM
Let's face it, at current prices US shale is toast. Without shale the oversupply is gone. So oil prices must go up, energy transition or not. Even if we see a further drop now this will be very bullish medium and long term. It might not happen and we might stay where we are and then go higher. Time will tell. But I feel oil stocks are super cheap atm. I added yesterday to my positions in Shell, Total, and OMV. If they drop lower I'll buy more! I mean we're almost at March lows here. If prices recover to their 2016 level that's a 50% return without the dividend. If we go back to where we were pre-covid that's a double.
Can't see sentiment changing much until utilization picks up. Best guess on that is when we have a vaccine ~mid 2021. Until then we have another potential lockdown of sorts. Brexit etc Winter might bring some upside as people stay warm but overall I'm not expecting good times in oil/gas until 2022. So very much a mid term game :-)