Member Info for Barrieprov

OP futures touching $112 so quite plausible and SP responding

Not sure if SP held back by anticipation of windfall tax

Been tested up 75 in early trade
Will be interesting as though good results can’t have been unexpectedly so
GLA

Spell checker kept my post within BB guidelines but you all know the word wasn’t “staff”

GLA I’m a long term holder but may trade a few if there’s a good bounce

If there is a windfall tax don’t worry thexTories will ensure they staff the money up the wall cos Johnson is so concerned about those who can’t pay their energy bills
Sunak might have to get a larger swimming pool
If the government tax big oil they should go public and tell them where to put their green energy levy

Sorry typo offset Russia exit (costs)

Strong $ means my 2,000 shares will pay $500 or c £400 divi so I’m happy

Underlying earnings of $9.1bn best market expectations of $8.5bn and cash generated Ch overnight Russia exit

Will be interesting

OK it mightn’t amount to a hill of beans but if Shell’s figures are decent the SP should respond very favourably as BP did but because I said so it’ll probably fall - GLA I’ll have my finger on the button in case it goes North for a trading repurchase opportunity on a fall back though again knowing my luck it’ll keep going up!

Pernix

Maybe buying ahead of results as BP heat forecast so if Shell do it will be massive but board may have to be circumspect about dividend and share but back policy and robust on investment in Green energy which to be fair they’re addressing albeit maybe not as fast as confiscatory politico’s would like

At the weekend the FT was estimating $4.5bn profits for Q1 but the company managed $6.22bn so that and Shell reporting higher than expected $8.7bn could be politically sensitive but the public need to understand the Tories could quite likely squander tax receipts unless they hypothecate them directly to the least well off bill payers with minimal red tape - I’m not sure I trust them and agree the U.K. economy including pension funds will suffer if big oil gets confiscatory tax bills - also the potential cost of companies watering down green energy investment to lack of free cashflow will be far more deadly in terms of consequence for future generations. That being said I have to declare I still hold what for me is a large shareholding in Shell and have significant unrealised profits I’d not want to lose, especially as my domestic energy costs are going literally through the roof

Hi Theborn

I’ve topped up at 259.00 ex div so am in process of calculating what that reduces my average to but intend to hold for longer term unless there’s a good run and I can trade / top slice

Don’t worry I’m not attributing my decision as a response to a recommendation

GLA and DYOR

Hi Theborn

I like your assessment better than mine and am inclined to follow your lead though with a modest addition and without any sense of you having recommended it.

As you say time will tell but your analysis is well thought out and logical IMHO thanks

Hi Theborn

I couldn’t agree more - don’t understand what’s keeping this share down but wary of buying more just in case something is wrong

It’s possible there’s concern over impairment risk due to energy costs disproportionately impacting their customer base which is possible as even though they’re target market is near prime even those are at risk in current market

Shares down by dividend amount and I’m in at average of 327-338 in two blocks so quite a bit out of the money just now

NoQuestionMarks Interesting that OP sharply declined over past couple of hours yet SP has plumbed new highs!
Past 2250 albeit there could be a delayed reaction

OP has ticked up that’ll help too but be great to see £23/£24 as not expected that until later this year

Theborn

Managed to lose my draft but couldn’t agree more

I’ve bought recently at 360 / 355 / 326 / 322 and then 290 just the other day but didn’t have the guts to go for it at 220 as was worried the market knew something I didn’t

I’d love to see 450-500 but am not sure how long it’ll take for the results to catch up with the target price?

As you say a 12p dividend ain’t bad at the current price being a bit better than 4% yield with the chance of increased distribution of profits from 30% to 40%

Going to make one more buy around current level or below to drive my average down to c 325 for a 50% return over maybe a year or two but would love to see a doubling of the price from here which isn’t looney tune stuff??

Thanks for the technical analysis Boyobach
I’m loving the recent trend in the shares and am going to hold tight having probably offloaded 375 shares a bit prematurely in 125 instalments at 1927 at 2002 and at 2067 so losing say £625-£650 compared to what I’d have if sold at Friday’s close. Can’t complain though as current average puts me £8.50 a share in the money on my 2,000 holding.

Interesting Shsrefall as I too was thinking maybe £25 to start offloading and I too thought that might be a year or two away so just keep taking the dividends and ride the risk government hits the company with a windfall tax though that’d be political suicide if it were judged a confiscation rather than hypothecation to eg the NHS and also if it damaged the business case for a green transition investment albeit who can imagine what the cash generation will be this quarter other than massive and the sensible thing to do is pay down debt rather than be seen to be giving shareholders a bounty when people can’t pay their energy bills!

I’m not a big holder with just 2,000 shares and wished I’d borrowed and bet the ranch at £8.50 but that’s 20:20 hindsight speak given we weren’t sure we hadn’t entered the 12 monkeys scenario back then! GLA and please keep producing those charts Boyobach as they’re super informative and interesting - I’m enjoying my time on this BB having been on some that are no better than Twitter spats!

Whoa that is odd whackford - maybe if you get the regular reports there’s a customer service number you can ring
Any problem I’ll get my partner to look up to see if there’s a contact number or if you go his branch given as I say ours turned up on time last Monday but we’ve held the shares for a long time so might be we’re in the groove

Shell is starting to look like trading share having fallen two days running it bounces much the same amount
I’m not willing to risk profits and will remain a CV long term holder having trimmed my exposure to 2000 shares to take a little profit along the way - good luck all - I see target price has been raised to £26-£27 range which would result in me doubling my initial investment

We use Barclays Smart Investor account - money was in first thing Monday and account runs smooth and dealing costs very reasonable but I think requires Barclays account - my partner and I are with Barclays anyway so not sure but get quarterly reports and end of year tax summaries all of which helps us manage our investments and tax affairs - good luck