Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Thanks Boyobach. What a journey It has been. The past 2 years. Unfortunately the gains I make here have been eaten up elsewhere. I held back from selling at 2450 because I wanted to recover my other losses but that didnt quite work out so i decided to exit if it breached 2200 again. Luckily for me got the dividends and slightly more. Doubling my money was my original target, so on that score im happy. However, i didnt expect my investments elsewhere to drop by more than half. I had invest in glove Stocks here in Malaysia. Needless to say my timing was all out. What an expensive lesson for me. Im also in the red in Chinese tech stocks Ie Alibaba and Tencent but believe that it should recover somewhat so i can berak even there. Lets see How that pans out. Cheers guys. Well, as i said I May jump back in of Shell drops below 2000 before the next quarterly results and pickles up somemore dividends then.
Investroid, how we all wish we had sold at 2450, or even at 2200 when it rebounded back recently. Well , I guess at 2000, I’ll take my chances and hope that we haven’t seen the highs yet. All my earlier predictions are probably down the drain now.
Recent article in Washington Post :-
Oil Is in Another Bear Market - and for Good Reason
https://www.washingtonpost.com/business/energy/oil-is-in-another-bear-market---and-for-good-reason/2022/06/22/1a11fcaa-f26f-11ec-ac16-8fbf7194cd78_story.html
Will my prediction of oil at USD140 and Shell at £28 in 12 months still happen?
Was £24.59 the peak?
Only time will tell.
Oil at 120 gave us SP at above £24
If oil breaches 140, mathematically SP should be £28.
I’d be happy if it hits £26, sometime this year.
That’s not very far for the recent 52 week high of 2459, until the markets got spooked by the talk of recession this year.
Luckily its no longer falling like a stone. At least not for now. It may even recover above 21 today.
The prefect trade would have probably been sell at 24.50, buy back at 20.50 for a 4 pound "profit" within a week.
I was even thinking of adding some shares to round up my position if it went below 20 with my dividend money this quarter as I opted for cash instead of shares this time.
Anyway, hopefully the strength in the SP continues for now.
Oil at USD120 gave Shell a share price of £24.
Could oil breach its all time high of USD147 in July 2008?
If so, could Shell share price hit £30?
That’s about a 25% upside from where we are now.
If at all, it would have to be this year but ATH oil prices would surely force the world into a global recession.
That may very well cause a 2008 like oil price collapse after hitting ATH of USD147.
So we probably should be careful what we wish for.
Whatever happens, the next half year is certainly going to interesting to watch.
My 12 month prediction for Shell share price:-
High - 32
Median - 28
Low - 24
CNN Money's Stock Price Forecast based on Analyst 12 month price forecasts:-
https://money.cnn.com/quote/forecast/forecast.html?symb=SHEL
The High in CNN's forecasts is another 55% from current prices which is about 37 pounds.
Even if we take 50% , that would bring us to 36 pounds.
So maybe it could even be 24 vs 30 vs 36?
Its anyone's guess but it's really hard to justify selling at 24 pounds now when there could be another 20% to 50% upside in this stock.
Jim800, agreed. We will be lucky if it stays up above 23 pounds today but I think we should get back to 24 pounds soon.
It will be interesting to see whether we will hit 28 pounds or even 32 pounds within the next 12 months.
For now, I am not selling yet but as the price continues to rise, its really hard to not give in to the temptation to realise some profits.
But I definitely wont be selling at anything below 24 pounds. If it continues to go up, I may hold on for 26 or even 28 pounds.
Whilst I acknowledge that target price by analyst cannot be trusted, it doesn't stop us from looking at it , like glazing into a crystal ball.
CNN has a summary of such target prices for Shell. See https://money.cnn.com/quote/forecast/forecast.html?symb=SHEL
Based on the same it has a Low of USD60 ( or about 24 pounds) which is the current price level on the US stock echange and in London.
Median of USD69.50 or about 27.80 pounds or say 28 pounds
High of USD82 or USD32.80 or say 32 pounds.
The above are not based on exchange rates but based on the projected price of the shares based on current level.
Mot sure if my calculation is correct but based on it , the current 24 pounds could be the base price for the next 12 months with a potential median of 28 pounds and a high of 32 pounds.
It would therefore be hard to sell at current price levels but of course a lot could happen in 12 months.
If the SP jumps back above 24 pounds soon, it would be a good sign, I think.
My transaction costs ie stamp duty, brokerage etc is about 1.3%. So to trade ie sell now and buy later works out to about 2.6%. Tried to time the market before and lost out. So for now I’m holding on to my 3000+ shares in Shell. It still feels like it has legs to run and if the dividends go back to pre-pandemic levels, it could even go higher. £30 may be possible, so I guess I’ll hold on for now. If you decide to sell , then just walk away. Don’t try to trade it at these levels, may not be worth the transaction costs.