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Market cap is still way below the level of about 6 years ago
" I have a location that clearly seems to be undervalued,” he added.
He said Shell's current undervaluation presented "a fantastic investment opportunity".
“I will keep buying back those shares, and buying back those shares at a discount," he added.
https://www.proactiveinvestors.co.uk/companies/news/1044773/shell-threatens-to-quit-its-london-listing-for-new-york-1044773.html
Littleaston, you might regret selling unless you've a better prospect !! If you do, could you share ?!! I switched from one of my shares to EZJ and not regretting it, but try to keep a good risk balance within my portfolio. SHEL's announcement today may add to its appeal.
Has come a long way since my purchases in the £8 and £9's
Share price, as I have already said a couple of times already, will do for any more selling.
Oil is priced at a sweet spot - the share repurchase investment keeping chugging along
Sold earlier 10k of shares, the start of the sell off for me. Will sell off more as price rises, covering each 50p rise.
Wael Sawan - I think it is more than just an early warning, but big companies can direct Governments, particularly with elections in the offing;
https://uk.finance.yahoo.com/news/shell-threatens-quit-london-york-111116631.html
Here's a reminder of how Shel and Brent have tracked each other since last October: https://invst.ly/149b6k
It's worth noting that, in charts like this, the Brent line is based on the daily closing price which occurs a few hours later than the LSE market close at 4.30pm - so they are not exactly in sync and, this morning, OP has slipped back a little since yesterday's LSE close. This 15 minute chart of OP v Oil Co's gives a more precise picture of the moves (the price scale is approximate): https://invst.ly/149be1
It may not be a drug dealer’s job to get an addict off heroin but shareholders do expect Shel to successfully transition the business into a low carbon future.
I'm in the same situation Spikeyj. Had set £26.70 as my target sell but then it sailed past. Decisions decisions!
Tempted to sell a tranche, but holding off — probably a mistake, but then so it much of life.
OPEC+ meeting concluded without any changes to the current production as expected.
https://www.cnbc.com/2024/04/03/crude-oil-prices-today.html
It’s nice to see you again, it’s been 5 mths since last time. Just watch out Normad he’s probably tired to see you again! :-)
Finally, Nut Zero is no hero!
Https://oilprice.com/Energy/Energy-General/Shell-Oil-Revises-its-Climate-Goals.html
52-week high of 2,801.00, set on Oct 18, 2023......
Yeah -this chart happens to show the falling red trend starting at that intra-day high: https://invst.ly/147tx7
It's certainly a target for me, although anything above 2750 has proven to be pretty fragile so far! GLA!
I'd personally prefer less conflict in the world and a stable, sustainable OP but, hey-ho, the reality of humanity is chaotic at best and barbaric at worst. Yes Brent looking good trend-wise: https://invst.ly/147tlo and, TBF, $87 is at the upper edge of its 'normal' price range (if there is such a thing) rether than hitting an extreme.
Hi, Hope everyone had a good divi day. next tuesday or next week , Shell will give some kind of indication to the results In may. Maybe a good buying opp or a good selling opp, depending on your situation + the reaction to SP.. Im waiting for £27, but as ever time will tell. Having now put 50% of my funds into BP , i realise how well shell is being run by sawan etc , compared to Bps board. Maybe £29 in late summer if divi is increased again soon. good luck everyone. hope your trading well.
GFG,
If you click on Shell Share price, then scroll down, you will get the 52 week high and low as well as dates. I have found it reliable unlike some other sources.
L - good to hear your views. I actually took the £27.27p from Yahoo & had been using it for a while so thanks for pointing this out as it is some distance of the mark.
The FT is very close to your figure:
On Tuesday, Shell PLC (SHEL:LSE) closed at 2,647.00, -5.50% below its 52-week high of 2,801.00, set on Oct 18, 2023.
GFG,
Just saying, the highest price was on 18/10/2023 and that was 2793.
Now that is my target, sold a very small position yesterday to buy JD. as temptation was too great.
BP. is better on dividends, that is about all, Shell is a much better company.
I prefer one company, as I don`t see the benefit of holding more than one in the same sector.
I am in heavy with Shell, and will sell half at my target.
Boyo, great to hear from you.
Oops! premature posting!
Although, I have been massively influenced by Jim Slater's "Zulu Principle" over the years. His argument was essentially why diversify in to inferior shares that you know less about, when you know all there is to know about the Zulu, or in this case Shell. Occasionally I have, some years ago, actually only held one share, but generally have no fear of not conforming with the general sense & pressure to diversify, and just instead holding one major share without any fear of doing so.
With a trading view I have been targeting an SP around £27.27p, which was the high reached on the 16th October 2023. I agree with you it could go a bit higher, but its a nice problem to juggle with.
Your views on BP made me smile. Having half decided to build up a holding partly funded by dividends from Shell, I am thoroughly underwhelmed & demoralised by them. I bought around £4.70p so I am ahead, but that is all I can say. BP is still paying for a skeleton in the cupboard (not trying to be funny) with the Deepwater Horizon disaster, it seems to have built up a pigs breakfast of assorted renewables which seem to be more of an almost random collection rather than benefitting from any compellingly focused strategy, it took them months to select a CEO, & I really don't think there is any major change of direction imminent.
Boyo - I can echo many of your thoughts - Shell has been great for me as well, although I am mega "overweight" on them in my ISA.
Ha! I've become a bit absorbed elsewhere getafgrip. But Shel has been doing great for me - I'm still 'overweight' in Shel despite recently disposing of two out of three trading tranches I acquired near the bottom. My target for the last of those is around 2750. After that I will only start selling tranches of my core holding if I'm convinced I'm seeing a pull back from a significant high. My O&G 'failure' has been BP, although I've made a reasonable profit on two out of three tranches there and I'm breaking even on the third but I'd have done much better with Shel. I should have known better, I guess. ATB.