Member Info for doubleorquits8

Thanks Kong, just found that! Very useful. Would still prefer for this nonsense guessing to stop, really don’t see the point every week guessing the next weeks price and cluttering the board! Cheers, Grumpy DOQ

Sorry to be a bit of a grump but this really is getting a bit ridiculous scrolling through trying to find interesting points / research amongst pages and pages of absolutely pointless guesses. If this is a hat people define as fun may be I am just getting old!!

What’s causing the big drops in the US? S&P 500 VIX is up 18% so very volatile market over there, can’t see much on BBC News!

Having first got into Shell back in April/May last year Shell were buying back and this mopping up of every sale of a share created a constant buying demand and this created a steady rising price whenever they were buying. So I struggle to see the negatives of this and if it commences end of the month I think we will see a steady old rise up.

Also, reading my local paper, the council were highly criticised for their investment portfolio including carbon companies like the oilers. I don’t think anyone can underestimate the pressure funds are under to go green and BPs strategy of “green” diversification is sensible to avoid an exodus of funds who cannot justify ethically investing in BP.

Brent back and on the way up! WTI lagging! Crazy swing day

BP up 2% abs Shell up 2.6%, Tesla down!

Most interesting in bed and spouse is you can also gift shares to a partner, friend, spouse at the value you bought them at and the receiver becomes liable for the gain when they sell them... I’ll be calling my broker tomorrow to transfer just the right amount of shares to the wife for her to realise £12,300 profit when she sells them...

“ Alternatively, if there are gains in excess of the CGT allowance, some of the shares can be gifted to a spouse or civil partner under the spousal exemption to benefit from their CGT allowance. There's no disposal when the shares are gifted and the spouse acquires the asset at the original base cost.

The spouse can then sell the assets and use their CGT allowance. Again, the proceeds from sale can be used to fund their own ISA or pension if they haven’t already fully funded these in the current tax year.”

https://techzone.adviserzone.com/anon/public/personal-taxation/Practical-G-Share-match

Thanks Daytradenovice. Looking at HMRC guidance I reckon as they are different class shares they wouldn’t be treated as the same s104 holding:

“Why are special rules needed
Shares of the same class in the same company are identical. Suppose you’ve a holding of 12,000 Wilson and Strickland plc 25 pence ordinary shares acquired at different times for different prices. You then sell 2,000 shares. To calculate the gain you need to know how much cost can be attributed to the shares you’ve sold. The capital gains rules for shares allow you to do this.

From 6 April 2008 all shares of the same class, in the same company, are together called a ‘Section 104 holding’.”

https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet

Hi all, if I sell holding in RDSA can I buy RDSB and crystalise gain in RDSA (I.e not re-buying RDSA within 30 days rule)?

BP was at 3.70 last June when crude was at $40. Upside is huge from here going into summer with oil supported at 60-70. No brainer and looks like institutions want a bit of it. 40% higher volume yesterday

Volume up 40% on 3 month average on BP, someone is buying in and taking a position. If they are buying on BP LSE would the be buying the ADR shares also?

Great day, I’m holding for £4+ hopefully by Summer. Too scared to trade for FOMO!

Great article about the shortfall crunch coming in oil

https://www.telegraph.co.uk/business/2021/02/17/peak-oil-demand-coming-first-brace-almighty-supply-crunch/

Great article about the shortfall crunch coming in oil

https://www.telegraph.co.uk/business/2021/02/17/peak-oil-demand-coming-first-brace-almighty-supply-crunch/

Hoping for no more gap up shenanigans over the next few weeks if only to stop the happy to sad swings of emotion on this board when it goes up 6% and everyone is spending their gains in their heads to the days it falls 3% and everyone thinks the shares are doomed!

I hate gaps on the way up!!

We haven’t tracked Brent up as it’s risen but I bet we get tracked down when it falls! Hope for a good week!

Interesting article in FT from 2015 when previous takeover rumours of BP circulated. Very firm words from UK Government to try to force any taking over party to back off:

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/06a3207e-e901-11e4-87fe-00144feab7de

"Prime Minister David Cameron has long presented Britain as a welcoming destination for foreign investment, but his government has made it clear that it would not remain neutral if the company were the target of a foreign takeover."

"UK government warns BP over potential takeover"

https://www.ft.com/content/06a3207e-e901-11e4-87fe-00144feab7de

Oil majors join scramble for offshore wind rights in England and Wales
Record-breaking auction could deliver up to £8.8bn over 10 years to the Queen and UK Treasury

https://www.ft.com/content/b0033490-a901-4745-905e-b01749c4faaa

Good balanced article

https://www.telegraph.co.uk/business/2021/02/07/shells-slow-burn-evolution-risks-leaving-investors-cold/

“Shell expects to become one of the world’s top power producers as it tries to decarbonise while also growing, with new energies boss Maarten Wetselaar telling the CERA week conference in 2019 that the “amount of clean power we will need to be selling… will make us by far the biggest power company in the world.”

Developing an energy business from power plants to household customers is a core part of Shell’s strategy, as electric cars and electric heating start to take the place of gas boilers and petrol cars.

To that end, it snapped up First Utility in 2017, the UK household energy supplier, and is forging ahead in the EV charging market, including by buying Ubitricity this month. It is also developing a 759MW subsidy free offshore wind farm in Holland, and bought a 44pc stake in US solar producer Silicon Ranch in 2018.

Biofuels and hydrogen are to become a more important part of the business, while the company is selling off refineries and slimming down its oil drilling portfolio to nine groups that generate 80pc of the upstream division’s cash flow, including the UK and the Gulf of Mexico.“

Good balanced article

https://www.telegraph.co.uk/business/2021/02/07/shells-slow-burn-evolution-risks-leaving-investors-cold/

“Shell expects to become one of the world’s top power producers as it tries to decarbonise while also growing, with new energies boss Maarten Wetselaar telling the CERA week conference in 2019 that the “amount of clean power we will need to be selling… will make us by far the biggest power company in the world.”

Developing an energy business from power plants to household customers is a core part of Shell’s strategy, as electric cars and electric heating start to take the place of gas boilers and petrol cars.

To that end, it snapped up First Utility in 2017, the UK household energy supplier, and is forging ahead in the EV charging market, including by buying Ubitricity this month. It is also developing a 759MW subsidy free offshore wind farm in Holland, and bought a 44pc stake in US solar producer Silicon Ranch in 2018.

Biofuels and hydrogen are to become a more important part of the business, while the company is selling off refineries and slimming down its oil drilling portfolio to nine groups that generate 80pc of the upstream division’s cash flow, including the UK and the Gulf of Mexico.“