Member Info for Jim800

There isn't a "promised" special dividend, there's a bland statement about returning money to investors post the sale that many have assumed (rightly or wrongly) to be a special dividend.

Lots of speculation on a special dividend following Permian sale. Has there been a new announcement? Last I saw was a bland statement saying money would be returned to Shareholders - doesn't mean a special dividend, enlarged Share Buy Back would count as a return and seems to be trendy with a range of large companies at present.
Large Special Dividends from dirty old oil companies likely to attract adverse attention (both in the public and from Dutch / UK Govts), given the efforts to keep Q3 results low key by paying down debt, I doubt Shell want to look like they're throwing cash at Shareholders.

What's the view on Directors selling for "tax liabilities?"

Surely a confident CFO might think "I'd be better off borrowing the £27,000 at a low interest rate, keeping the shares and picking up the dividend and inevitable SP rise over the next 6 months."

Obviously, he's not confident in Genel's future!

Nightie - concur with your RDSB views. Only real figure that is important in results was the free cash flow - the fact that Shell were smart enough to use some creative accounting to mask profit with huge debt repayment is very sensible.
Head below the parapet time for all ESG negative companies at present.

Should they keep expanding or is it time for a pause and some consolidation?
Can’t be many bargain acquisitions out there given current gas prices.

Glad to see you're both still about and concur that if there's nothing worth saying - then say nothing.

Boyo will be back - he can't resist. He's drawing fewer charts over on RDBS nowadays so probably planning his GENL re-entry point (XD day maybe).
Good Luck and keep the faith ....

And how do you suggest DEC change US/UK Govt tax policies?
Your naivety is astounding.
There is one fix - DEC shareholders use competent brokers. Simples.

Nova - you're not quite correct.
Worst case with a broker who can't / won't handle US tax correctly is 30% witholding tax, even in an ISA.
A competent broker with a completed W8 form will reduce this to 15% for an ISA and 0% for a SIPP.
The variation in answers is due to the variation in broker performance.

Have all the usual posters sold up?
Never seen it this quiet - and that's on a gentle upslope.
Are we only noisy when GENL is falling? Or is there really nothing to see here at present?

Very simplistic rather than interesting - pointing out that hydro carbons might be flammable and hence a big risk is a bit GCSE homework level.
They misunderstand the UK petrol issue - thinking it is excessive demand rather than poor distribution and not a mention of LNG.
Oh, and the author is long on RDSB - not the best basis for an accurate article.

Hopefully profitable but I'm not sure energy drinks and health fit in the same sentence!

I'd imagine that's top of both UK and US Govt agendas at present!

Just in case it isn't, choose a broker who can manage it effectively - for the 121st time!

mmmm - investment advice from someone who has just lost £10k plus and admits to having done the same before!
Thanks but no thanks.
Buy high, sell low is not a sound investment strategy.

Even if DEC thought they could pull the wool over private investors' eyes with a Ponzi scheme - they'd have to go some to convince Oaktree they were on the level if they weren't.
Negative comment backed by facts is fine - unsubstantiated claims of Ponzi systems is just plain stupidity and should be treated by judicious use of the filter function.
Mind you, Malcy's recommendation is normally the kiss of death - I hold Genel as well!

Makes you wonder who is selling now, some 4 hours after the news.
Any active investor would have got out earlier this morning if they were concerned - surely.
Are these now just stop losses being triggered?
One recent sell was for 175,000 shares - strange timing if that wasn't a stop loss.
As per several other postings - looks like a storm in a teacup that the BoD have controlled. If your portfolio was concerned about ESG issues I'm guessing you weren't in DEC anyway. Clever people seeking opportunity, less clever ones just in a panic not realising they've missed the selling window.
Let's reconvene in a week and see.

Think NSS is correct to point out that Shell will not want to be seen to be making huge profits just as the Govt are baling out manufacturers with large energy bills and raising the domestic energy price cap. Keeping dividend as is and using recent inflows to fund green start ups and buy backs is likely to be more acceptable to Sun readers than making huge profits and paying us large dividends.
Windfall taxes are going to be Govt's most popular way of raising tax over next few years - we don't want to stand out too much.

Although last placing didn't invite existing shareholders to participate so our shares were devalued as others were able to buy shares at less than the current price.
A sure fire way to p@ss of existing holders - hope they don't do that again.

Steve - it seems few, if any, agree with your unsubstantiated claims of hidden debt.
HY results as of June quote £3m net cash position (ie no debt following sales / rights issue etc).
Can you show where the $500m sits in the accounts? I can't see it.
Are you getting confused with average year or month end debts - all of which are explained in the accounts and look a bit weird due to all the cash arriving late in the FY.
A comment without evidence is an opinion (or worse) and I'm afraid gets trumped by facts - in this case the HY results (professionally audited and then reviewed by the FSA).
Unless your new assertion is that Kier are misleading the whole world by false accounting!
I'll accept that builders and materials are in short supply now - but that will be equally applicable to all.

A couple of observations on the presentation:
- slide 7 - the acquisition strategy is now focussed on "strong valuation with no shareholder dilution" so hopefully nil need for extra share issue to fund / reduce debt / increase cash reserves for further acquisition.
- Getting Oaktree onboard has 2 obvious advantages - money up front for a share of profits rather than more shares being issued and a second set of eyes doing due diligence on the price / production levels / reserves.
- Purchase effective as of Aug 21 so hopefully price reflective of gas prices back in July - not today's.

Looking good from my perspective - only fear (as I've seen with Genel etc) is a write down of reserves at some point in the future - hopefully not here and multiple small wells got to be less risky than single massive ones.

Damn those pesky dragon flies!
The logic makes sense, once again the SP doesn’t.
As the famous man once said, the market can stay illogical longer than most investors can remain solvent.