Shell Share Price (SHEL)

MOY - I think they must still have a room at each HQ dedicated to Shell & BP merger discussions, which probably even predate what Lord John Browne stated on regrets in his autobiography. As you know his final chapter was a UK court lifting an injunction on publishing revelations about his private life - how the past has come back to haunt BP!

Getagrip

“Wael Sawan will not necessarily go down in economic history books as the CEO who did a lot of buybacks, but he will if he takes over/merges with BP - it must be something he is considering!”

They must have informally discussed some multiple of BP to Shell that they cannot resist.

And if they haven’t they are not doing their job.

But BP sum of the parts means they can sell off all they don’t want, or need to sell to pay a chunk of the cost

Another day SP slightly up, OP down. Either, this reflects the pressing possibility of "peace" in the Middle-East and the rerating of Shell approaching Ex-D on the 16th May, or alternatively I have landed on the wrong planet and speak the wrong language! Time will no doubt tell!

I agree, quite a serious and somewhat overdue rerating of the Shell SP. Although we can get a positive rerating, common sense tells me that this will have a limit, due to the serious size of Shell - the SP is not going to double overnight. So, I keep thinking the SP is a bit toppy, together with £30 is bit of a barrier to upward progression for now.

Bailing out at £28.33p was a bit early, but in the final analysis it was pure Fear Of Missing Out. You are never wrong to take a gain. I look to have burnt this dividend, but then we will be into more interesting buying back territory hopefully.

The BP results indicating that it is weak & getting weaker, squandering capital, increasing debt whilst carrying on with buy-backs, seem to make it very vulnerable. Market reception of the results seems to strongly indicate that either a robust change of strategy & direction is necessary, or it will be taken over.

Wael Sawan will not necessarily go down in economic history books as the CEO who did a lot of buybacks, but he will if he takes over/merges with BP - it must be something he is considering!

Very good points GfG. I think that a rerating of Shel v OP was due but I’m starting to sense that that re-rating could be overdone, which will ultimately lead to a correction. During April there seemed to be a consistent market upgrade of Shel’s sp but over the last couple of weeks (roughly since the marker here: https://invst.ly/14r2jq ) OP has drifted down whilst Shel’s sp has remained near the maximum and I wonder if the market has taken its eye off the ball - perhaps assuming that OP is destined to return to higher levels. I’m almost out of Shel now as it was prudent to lock-in my accumulated gains of the last five years. I will progressively return as the picture clears. ATB