From Mr Happy....26 Oct 2020 17:24
he was shay to post it in this bd too ... and he's waiting for 8p lol...
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1) Excellent progress towards vaccine e.g. Oxford / AstraZeneca phase 3 vaccine looks great. Once we have a fully approved vaccine oil will spike as will our SP.
2) Gas prices very firm. Little known fact, we almost produce as much gas as RDSB. Should show up in much stronger Q3 results v Q2. Gas could be a big bright spot in a working-from-home winter.
3) Firmer oil price over Q3 and early benefits of cost reduction should be evident in free cash flow generation.
4) Dividend will be well covered by cashflow and definitely won't be cut as market seems to be anticipating.
5) Expect to hear more on green strategy (with which I do disagree). However, hydrogen strategy may be very well received by market with more detail of recent projects, including Australia. EU betting big in hydrogen.
6) Lots of pent-up demand for air travel when normality returns. 30% of oil demand linked to aviation.
7) We are at 30-year-low. If this is not the bottom, it must be very close. We are yielding 8% which no savings product even comes close to. Plus at this price lots of potential for capital growth.
8) Inflation and devaluations coming as sovereign debt mountains grow. We are great hedge against these possibilities.
9) We earn revenue in $ but share price is in £. We are great hedge against sterling devaluation as a result of any hard Brexit.
10) We are geared to benefit from either outcome in US general election. Biden will do more green stuff, which aligns to our direction of travel. Trump will reignite (so to speak) oil and gas, which we will remain invested in for a long time.
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