Member Info for Boyobach

...and it gets worse Nomad, did you 'hop on over' to their current tariff page in order to 'get a quote'? it seems you can't do it online and have to phone up! Ludicrous in this day and age.

In contrast to Shell Energy, here't the way it should be done by Green Energy, where postcode entry and 'get a quote' are immediately in your face on the homepage. The trick with anything involving the taking of money is to make it as easy as possible for the punter to sign up and start paying. Shell Energy ain't got the basics right on their website:

https://www.greenenergyuk.com/?gclid=Cj0KCQjw18WKBhCUARIsAFiW7Jwokz-FhCkPHQgVPCn5eHIvnsdfKbvqhs000BlzH5r5bFia3x9sQTcaAu0BEALw_wcB

I don't think so Jim. Firstly any links to affected services should direct you to a holding page and announcement, secondly, the transfer of accounts would be a back-office task - essentially a data management job. The sales team should only get involved when they start the process of keeping the new customers with incentives as their details get loaded into Shell's system. So the 'front of house' website should still be functioning to attract new business. The Shell Energy website, which I've never visited before, seems to lack the basic function of leading potential customers quickly to a 'sign-up and get a quote' process.

Extraordinary thing: has anyone here tested out Shell Energy as a potential customer?
I went on the USwitch website first - no mention of Shell - ok, maybe they don't play with comparison sites.
I then went to Shell's site and expected an easy to find and use 'Sign in and Get a Quote' link - nothing!!
There's a step by step guide if you dig deeper than the home page - step 1 is 'Get A Quote ' but is there an associated link? No, Nada, diddly squat - so the opportunity to hook me in was totally lost and I left the site. Makes me think they haven't much clue!!

That gap has effectively filled now- less than 1% shortfall.
Just to clarify gaps with an analogy, NSS: Imagine you put a magnet and a ball bearing on a flat table, if you move the ball bearing close enough to the magnet then it will start to roll towards it. After the gap is filled the magnetic field is switched off.

Yes Pig! I was hoping to see an expansion of Shell Energy as a result of this situation. Not that Shell Energy is likely to be performing at its best in the current circumstances, of course.

NSS: we've talked about this before.
There's nothing complicated about gaps: they are exactly what the term says. When a share moves sharply in price between two trading days then there's a discontinuity in price at levels where no dealing took place. It creates a kind of vacuum where there were no buyers or sellers. Conventionally - in a high percentage of cases (there are exceptional circumstances) gaps sooner or later get filled, either by gaps in the opposite direction or by normal trading patterns. Back in March 2020 lots of shares, including RDS, saw gaps down. The current move upwards is part of the rise that will probably fill the gap to 1595. There are further gaps to fill to 1872 and 2124.

We are now in 'gapland' - the area of gaps created by the drastic fall in sp in Mar 2020.
https://invst.ly/w4-cd

At risk of stating the obvious, the Brent ‘front month’ contract switches from November to December this week, on Thursday 30th. Those who get their ‘live price’ from Investing.com will find that the price quoted there switched over tonight - it always switches on the Sunday prior. So the live price on Investing.com as I write, at about 11.30pm on Sunday is about $0.8 below the price given by ICE, which can make it appear that OP has dropped back whereas, at the moment, it is still rising.

It'll be an interesting ride for Brent from here NSS.
That Brent breakout was a chart nerd’s text-book classic - which is why I’m a bit sceptical about it continuing. But, hey, it may follow the script (or ancient scriptures for believers):
https://invst.ly/w4po8
In which case a little jiggle around 80-83 might see a brief retrace and then on to 86.
Above 86 is virtually uncharted in the upward direction unless you go back to late 2010. https://invst.ly/w4pqc
Shale will kick-in and GOM will get back on-line meanwhile, of course, so $100 probably won’t then be as easy as it looks on the chart.
Pure idiot speculation - but fun all the same.

Er..... yes. Is that video for primary kids NSS? Sooo Cute! Ugh! I'm glad they didn't push 'blue hydrogen' - my worry with RDS is that they'll try to make out it's almost as good as 'green H' from renewables (as featured in the video) - which it seriously isn't.
I wonder if they'll buy ITM (with whom they do have a project)? - Yes, I'm dabbling there so have hereby declared an interest. I'm not about to ramp it though - I'd have to acknowledge there are risks of a bubble.

People have got too used to cheap O&G:
Remember when Brent was $100 + ? Only seven years ago...Nat Gas was more like $4 too:
https://invst.ly/w4hno (Brent 10 year chart with NG rebased and overlaid in blue, Brent prices in Grey, NG in Blue)
A successful green transition can't happen whilst fossil fuels are cheap - high prices are needed to accelerate the green agenda and fund the transition.

Interesting thoughts there Larry.
If you had to pick the 'lowest low' that you'd now expect to see what level would you go for?
I don't think it's an easy pick - this week's news and the 'step-up' that happened after H1 and the divi increment, buyback resumption etc. have almost certainly raised the floor from 1300 in late July. I'd like to think it's been lifted to 1450 but 1415 looks more realistic on past performance. I think things would have to turn very sour to see 1380 again. Hopefully the Q3 results will further consolidate the base level and move the price range above 1500. https://invst.ly/w4c-h

Hi NSS - where did you get that $75.5 figure for oil? Brent is about $2 above that according to ICE (Nov Contract) and WTI is about $2 below.

RDS has had a good week and it’s tempting to think that it’s all down to the Permian Deal, so it may be worth noting that BP has matched nearly 75% of that rise:
https://invst.ly/w4aoq

A week after threatening to, is Brent finally breaking to even higher ground? https://invst.ly/w428-
How much of the RDS push since Tuesday’s ‘Permian boost’ has been due to Brent?
https://invst.ly/w42dk (15 minute view of RDSvBrent (green) )

Sorry to hear that Klassic, also noting the posts by RG and Invest.
After a slog elsewhere, my total portfolio has just recovered to the value it reached at the beginning of April - when it was pumped up by G at about 40-50p more than I eventually offloaded at. It was not an actual book loss but a big dent in my expectations. The bounce RG mentions could be a realistic expectation but I've been bitten by G rather too many times over the years to be enthusiastic about the prospect. I wish the charts were providing a more positive indication but the sp has been drifting down compared to OP (in green here) during September: https://invst.ly/w3-3-
The company hasn't indicated if there is any recompense due or other amelioration expected if the termination of BB & Miran licences proceed - so the market must anticipate the worst. There was a niggle with Sarta too at the H1 wasn't there? and QD isn't a dead cert. So, yes, the market is pricing-in a lot of bad luck - and RG is probably right about a bounce IF Sarta and QD go to plan. I'm hovering on buying a couple of thousand but nothing like the tens of thousands I've held at times in the past. ATB & GLA

So then there'll be seven?
As I suggested on Monday: if the small fry go bust maybe it'll enable RDS to expand to match the Big 6 ?
I think RDS knows about hedging.

I hope you are right, Casapinos, but that could be Reuters interpretation rather than a direct quote.
Like you, I was confident about my understanding of the word but, as Investopedia says:
‘Typically, companies can return wealth to shareholders through stock price appreciations, dividends, or stock buybacks. In the past, dividends were the most common form of wealth distribution. However, as Corporate America becomes more progressive and flexible, a fundamental shift has occurred in the way companies deploy capital.
Instead of traditional dividend payments, buybacks have been viewed as a flexible practice of returning excess cash flow.’
I personally regard it as a misuse of the word but it seems that it is probably legitimate.

Looks like it it cooling off: https://invst.ly/w3vtq
char should get his wish.