Member Info for Boyobach

Looks like very small beer compared to transactions in the May 13th RNS, Jim,
If this one made you spill your drink it might be best not to check it out.
eg: £931,789.39 (536,437 shares sold to cover income tax and national insurance liabilities)
I'm assuming that shares issued in these schemes are treasury shares which were previously bought back because the company felt the market value at the time was too low - like 190+p. in July 2019. Obviously, in retrospect, it might have been better value to pay down debt. I seem to recall much more expensive buybacks in Mr Wayward's day - possibly 700+p but it was a long time ago, so I can't be sure. dyor

Chevron’s Q3 results today were indeed better received than those of RDS, with the sp effectively remaining flat over the week rather than falling:
https://invst.ly/wggab
BP reports Q3 next Tuesday.
Looking closer at RDS v Brent on a 15’ chart, it’s evident that RDS has weakened further against OP today and the week’s downward trend in sp (red) hasn’t yet shown signs of ending:
https://invst.ly/wggbx
So the week ended with no positive indications and we’ll have to wait until early trading on Monday to see if the downward trend in RDS is set to continue. Brent, meanwhile, seems to have levelled off since the EIA inventory report pushed OP down on Wednesday.

Do they actually WANT the share price to go up?

No. What benefit would the company derive from a higher sp?

Terrible GW?
We can get so used to professional media commentators (often highly scripted and rehearsed) that listening to a non-media professional giving considered answers to detailed questions can seem 'amateur' . The bit I watched was fine, given the context - in the end it's company performance that counts. Lets see how Chevron are doing after their Q3 results today (29th) here's how their sp stands compared to RDS beforehand: https://invst.ly/wg5i7

So RDS has fallen by about a quid, around 5.5%, from it’s recent peak. It’s hardly a big deal. As I’ve mentioned a few times recently, the market had potentially built up excessive expectations, so the direction of the sp today was something of a coin-flip. The reaction has, so far, been quite mild - especially as over half the fall since 08.00 on Monday has been proportional to the drop in Brent over the period:
https://invst.ly/wg2jb

I reckon many LTH’s who top sliced at around 1770-1800 and seek to re-acquire will probably be looking for a deeper pull-back than today’s to make it all worthwhile. 1550-1600 looks possible but by no means certain: https://invst.ly/wg2kp Indeed, 1660 may well provide the new base line if Brent steadies up. Given the rise in sp from this time last year, when it was below £10, there's really not much to complain about.

I think many on this board anticipated that today's results might not match market expectations, so any delusion is limited to a few individuals. The drop in sp is, so far, less than might have been expected but may yet provide those of us who've taken some profits with an attractive top-up opportunity.

Boyo will be back - he can't resist…...

Sorry if I’ve seemed anti-social. Truth is I’m happy trucking along with RDS - no effing payment malarky and KRG quirks to worry about. Sure, I’ll miss out when QD hits the jackpot but, equally, I won’t end up in the ditch again if it all goes TU.

At the moment G’s sp is running quite tightly near 1.84 p per $1 Brent and RDS is running at near 21p per $1 Brent - so both have effectively been tracking OP:
https://invst.ly/wflus
And so, from a trading pov, there’s been little difference between RDS and G recently - although we all know which one is less prone to nasty surprises and consequently a bit more predictable. Having said that, RDS is on a knife edge: tomorrow’s Q3 results could see a rocket or a spanner in the works and next week’s COP 26 is yet another potential banana skin for Big Oil in general. Charts are bu55er all use in these circumstances other than indicating the potential upside and downside when the big coin-toss occurs.

For G, I guess that 'toss' will be 4th Nov with the T&O, together with the next payment update and G going ex-div on the 11th --- another perfect storm or a rocket ride to 200p + ??

Meanwhile, for OP, Reuters today reports that ‘ US figures showed tight inventories:
Cushing stockpiles have dropped to 27.3 million barrels, the lowest since October 2018, the Energy Information Administration said on Wednesday, or about half of where inventories were at this time a year ago.’
https://www.reuters.com/business/energy/us-demand-oil-surges-depleting-tanks-oklahoma-2021-10-27/
So I guess that Brent isn’t going to drop back much further and may well punch through the $86 resistance and head higher - and hopefully G’s revenues will keep firm while the oil flows. Maybe I'll get back into G after ex-div and the other suff. GLA

Interesting?
I see it was written by 'admin' - so not 'Peter'?

‘It underlines my view that the climate hysteria industry , with us now for almost forty years, has so far proved wildly pessimistic’...... ‘NO ONE can predict what the next thirty years will bring, to do so is beyond arrogance.’

Hysteria (outright frustration for those of a more measured temperament) is indeed building because too little seems to be being done. On the point of prediction: the accumulation of greenhouse gasses and subsequent environmental impact has been well documented for decades and the model has naturally become more accurate as the data has been gathered over the period - it is surely arrogant to suggest otherwise. Assuming that unforeseen technology developments will eventually fix the problem doesn’t seem like a plan to me: a given technology needs to be sufficiently deployed in order to stimulate improvements, efficiencies and cost reductions.
In my view, the Oil Majors rather deserve to be excluded from COP by having failed to read the signs very astutely and, through strategic failure, by allowing themselves to be cast as obstructors of carbon reduction rather than part of the global team actively working to achieve it. RDS has a swiftly closing window of opportunity to remedy this perception.

CWR and ITM both poised for similar breakout today:
CWR: https://invst.ly/wf0n0
ITM: https://invst.ly/wf0mu

ITM and CWR both poised for similar breakout today:
ITM: https://invst.ly/wf0mu
CWR: https://invst.ly/wf0n0

The quiet week ended in a distinct cooling-off for RDS.
Will the results next Thursday consolidate the recent rise in RDS, which appears to have been significantly driven by energy prices - represented here by Brent:
https://invst.ly/we3v4 ?
It’s worth remembering that such ‘daily charts’ reflect the end of day prices and that the market in Brent operates during different hours. Here is Brent v RDS over the last week, which shows RDS falling disproportionately relative to Brent during Friday’s trading : https://invst.ly/we45t
It’ll be interesting to see if, having entered a downward trend over the last three days, the market continues to sell-off RDS over the next couple of days - indicating that the results are not expected to deliver as much as the 1813 peak implied. Or will it recover and climb further? Either way, there is the prospect of a sharp reaction when the statement is released. An interesting scenario for traders, particularly as immediate reactions to such statements are often followed by reversals as the news is digested.

Re COP 26:
I rather share Greta’s scepticism about national leaders and the forthcoming COP26 - they’ll make the right sort of noises but probably do very little that hasn’t already been signalled. Climate change will meanwhile proceed at pace and may ultimately be left to resolve the problem by brutally reducing populations. These events will not impact our lives or those who currently have direct responsibility. Big Oil is in a position to do some useful work to implement energy transition -it needs to step up significantly, which is why I find share buybacks rather than investment in transition a massive disappointment.

What’s in Shell's DNA is making money from energy.
Also, considerable expertise in offshore engineering, subsea infrastructure, gas storage, distribution and delivery for Hydrogen powered vehicles and industrial plant.
Can you still use fossil fuel and be climate friendly? Sure - just progressively use a lot less of it as your ‘climate friendly’ energy provider smooths out the transition.

It's correct to say RBC have raised their target : in June they put it at 310p and said:
“ITM offers a strong business growth case supported by healthy demand and very constructive developments on the policy front. However, an extended valuation and future cash requirements prevent us from being more constructive at that stage.”
https://www.sharecast.com/news/broker-recommendations/rbc-initiates-coverage-of-itm-power--7990594.html

In other words they reckon it is currently overpriced and, if you follow the chat about NEL, you’ll know I have some concerns about that possibility - so I'm happy to see RBC’s new target price of 370 which is slightly above my ITM net average.

Good points MO - if I could invest in NEL easily (I use ii and can't) I'd be very tempted, as the upside potential looks greater.

‘Petrofac very dodgy.’
Rather like RR and others were, Taskmaster.
I wouldn’t use the present tense given that past events - very murky if you look into past connections with Unaoil - have now been ruled upon and the matters are all legally closed. I’m sure that, like many conventional energy companies, PFC are going to be very involved in large green energy projects and they’ll want to be squeaky clean going forward. I’ve even started to look at investing there again.

Protium are strategically partnered with PFC and I’m guessing the electrolysers used on a given project will be selected on the basis of specification / suitability and price / tendering.
https://www.petrofac.com/media/news/petrofac-signs-strategic-partnership-with-green-hydrogen-firm-protium/

You've rather made my point MajorOak: For the reasons you've listed, NEL's sp should logically be outperforming that of ITM so why isn't it? I know there was a link with Nikola and the problems there but does that fully explain it ? If NEL's sp performance this year is 'correct' then that could point to an uncomfortable conclusion about ITM's.

Yes indeed GFG, well said -it's a long game.