Member Info for flanners18

Turfmoor 'the world has changed'

A bold statement - I'd say see where we are this time next year not 2 months in. Suspect it will be a lot more similar to what it was in January/February than what it's like now.

Hassa - agree on both your points.

Shell will get back to £24 & BP back to £5 probably not this year but it's cyclical. The Greta wannabe's bang on about alternative energy and for sure there will be a continued movement that way as technology etc improves, but for the next 3, 4 even 5 years there is huge reliance on oil, there simply isn't an infrastructure for alternatives - I can go for days without seeing an electrical car, whether I'm in the UK, USA, China, Middle East or Africa - one day a new paradigm will exist but not in the short term.

Kamikazee - you little ray of sunshine … ...

https://www.theguardian.com/world/2020/mar/18/japanese-flu-drug-clearly-effective-in-treating-coronavirus-says-china

Hopefully, the little rays of sunshine that were predicting the end and coming of the 4 horsemen might back of a bit if this is true … ...

AKA0501 - couldn't agree more with what you say - it's hype on steroids - it is no more a threat in reality than any year when winter comes and people unfortunately sometimes pass away as a result of it - as you say elderly and people with underlying issues being high risk.

Abject 'reporting' by the various news channels - particularly poor.

Cynically you can just use it as a buying opportunity - lot's of great companies shares have been hammered - history repeats and repeats - market crash of 1987 lo & behold was back at record levels 3 months later … ...

Char - but e.g. Shell & BP did maintain their dividends when oil slumped to $30 a barrel - am not saying you will ultimately be wrong but oil will be back up to $70 a barrel in due course with heathy dividends paid in the interim, if you have no faith in the future of oil & gas maybe then cash out with a 25% profit having pocketed healthy dividends in the meanwhile. While Greta Thunberg et al bang on don't think oil & gas will disappear in the next 10 years.

Guys - it's a solid share, probably will top £25+ in the next 12 months and at current prices yield is over 8%.

Going forward am sure renewables will apply pressure, but for the next few years the oil super majors will be fine - corona virus will pass - tragically these things break out every 10 or 15 years, normal service will resume in China - would rather have some Shell shares for the next few years than money on deposit earning 1%.

It's been disappointing, and my average is 1.85 so still under water, but with no more PPI and the dividend being normalised, base rates almost as low as they can go am optimistic over the next couple of years in this and actually all the big UK banks - but I imagine that's been said a few times over the years on these forums! :-)

It was Goldman Sachs that set target at £7.50

Keep the Red Flag flying … …

Kind of agree with you - except BP is not British, it changed its name years ago, just happens to have a listing on the LSE.

There was a shampoo product a few years ago called 'Wash and Go' - but perhaps it should be brought back as 'Go and Wash' for the whiners?

62.4% but hey don't let the facts get in the way of a good story ... ...

Government still has 62% stake, if it sold now it would be a material loss per share on the bail out, but that has not stopped them selling in the past.

They'll get a big dividend payment shortly - the next milestone will be them reducing their holding by another 12.1%.

Imagine it'll be a few years before the whole holding is sold - but you never know.

Indeed - oil stocks are cyclical but the Shell dividend is A1 and if you don't need to sell when it dips paper losses disappear and become paper gains in the up years.

Solid stock, good dividend going through a purple patch at the moment.

Theobald - visionary post ... ... you should be an asset manager - though not a very good one

Because the nil paid rights became listed, essentially the fall was offset by the value attached to these as part of a discounted rights issue.