RE: Big Oil = Big Renewable too24 Feb 2020 11:43
2021 -2025, shell returning £125 billion to shareholders. Yeah right. Get real. Talk is cheap. I'll believe it when I see it. I'd enjoy the next few dividends , because in this oil & gas turn down, when push comes to shove the people who will suffer are the small shareholders. The c e o will walk away with a hefty packet come what may. Will you or I, errrrrr , no. I recall Vodafone spending around 7 billion for a India gamble & it backfired. It's now practically worthless. Shell bought B G group for a hefty price & now doesn't look a good purchase, as gas prices plummet, as well as oil of cause. Some idiot on here saying shell soon be back at £25. Get real. These people hide their head in the sand. If president tramp hadn't had those spats with Iraq around Xmas, I dread to think where this S P would be now. £16 probably. People keep saying shell as seen £15 a few times before. Yes that's true, but not with the oil & gas mess in USA. There's be a revaluation of oil in USA , so these lower prices for shell will be the norm, mark my words. As each day passes my brother's prediction & brokers of £27 this year is complete folly. BP is also sinking , their demise may be a little slower. But in the same boat, no doubt. The more the company as to pay a bigger % dividend, the quicker the dividend cut or rights issue will arise. I'm not talking months in this, but 2 to 3 years time. Within the time frame that shell intended to return capitol to shareholders. Let's see. But I'll put all my money on it, errrrrr no. Feel free to disagree, I'm no expert in stock markets, but I'm very good at seeing the brown stuff before many people even sniff it. Negative, no, realist, yes definitely.