Member Info for billybigwig

Copper1 yep and set to keep going for a few weeks too with the copper shortage..its got very expensive per tonne thsts for sure ...it might make glencore a few extra quid one can dream :-)))

Eviking my thoughts are copper isn't going down in the next few weeks is it? So more upside short term for copper more price increase on glenda. Well that's the plan ;-)

Fira. Thursdays the new friday :-(

Hahaha fira too late mate bought 2 tranches yesterday couldn't resist :-)))

Later after 4.30pm I'll have a sniffter or 2 o3 ;-)

Afternoon eviking

So far

Thank fook it's not a freaky one ..

Yahoo...hedge funds don't have a meaningful investment in Glencore. Our data shows that Qatar Holding LLC is the largest shareholder with 9.2% of shares outstanding. With 9.2% and 5.5% of the shares outstanding respectively, Ivan Glasenberg and Harris Associates L.P. are the second and third largest shareholders. Ivan Glasenberg, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

I should of cropped the IG Article

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Shell share price set to fall amid Louisiana refinery sale
Royal Dutch Shell's long-term plans to narrow its ownership of oil refineries continue with the possible sale of its Convent refinery in Louisiana.

Royal Dutch Shell
Source: Bloomberg

Commodities Shares Royal Dutch Shell Oil refinery Petroleum Low-carbon economy
IG Analyst | 2020-07-08T11:11:10+0100
A spokesman from Royal Dutch Shell has confirmed that staff and ‘local community leaders’ in Convent, Louisiana have been notified of the company’s intentions to ‘assess market interest’ for a possible divestment of its refinery located there.

Any sale would likely include a host of on-site facilities surrounding the refinery, notably its truck terminal, Shell’s rights for using the Bengal Pipeline, as well as its Sorrento salt cavern used to house liquefied petroleum gas.

The Convent refinery is a major operation for Shell, capable of generating 211,146 barrels daily. Shell has been involved with this site since 1998, when it formed a joint venture with Saudi Refining and Texaco. The site was eventually owned exclusively by Royal Dutch Shell in 2017.

However, Shell’s announcement midway through last year confirmed a shift in approach towards ownership of a smaller core of ‘uniquely positioned refineries by 2025’.

In effect, the likely sale of its Convent refinery should be seen as a positive step for the long-term sustainability of the company as it seeks to integrate its core sites more closely with Royal Dutch Shell trading hubs, producing chemicals and other products that will remain in high demand in a low-carbon world.

Shell share price flatlining as debt problems grow
Despite the potential sale of its Convent refinery being part of a positive long-term strategy, Shell’s share price has yet to mirror that positivity. Since the start of the year, the Shell share price has plummeted from highs of £23.09 to as low as 970p as the Covid-19 pandemic struck.

Although it appears to have rebounded since mid-March, there are warning signs that the recovery in the last quarter is wearing off, as its share price begins to flatline and even return some of its recent gains.

Shell has recently confirmed it will take a $15 billion - $22 billion post-tax impairment charge after slashing its medium-to-long-term forecasts on the price of gas and oil. The company’s ‘gearing’ – its net debt as a percentage of net debt and equity – is expected to rise by 3% as a consequence of these charges.

Ken is that a dig at me?

Whoosh for copper

Coppers dropping

correct sage got banned till monday

Kaz seems to think so ...glencore not do much

Is copper going to keep going up with the shortages? Answers on a post card

:-)

I dont touch aimers 15 times bitten twice shy :-)))

Troajan are you in eua?