Member Info for Jim800

It does indeed fit within a new green strategy:

“Shell is building an integrated power business which spans the renewable generation, trading and supply of clean energy to businesses and consumers."
Better than just generating, they're generating and storing - which means they can sell it when it's the most profitable - ie when the wind isn't blowing or the price of gas goes up rapidly.
Excellent steps following exit from Permian Basin.

So you're not holding to £3 or £5 - you're holding til you need to sell.
Understood but means your first post was utterly pointless and incorrect.

Thanks again for your time and effort put into explanation.

I think your first sentence is key - the chart is an indicative signal (presumably to be considered with others) - you're definitely not accurately predicting the future by looking backwards.

Thanks again

Yep - we might go through resistance...

On the other hand, we might not,,,,,,

Excellent homework A+

Do you ever try to draw the wedges on up to date graphs but using the previous high or low, to see if your planned wedge from 3 months or so ago proved correct or not?
As an example on the GKP chart, if your blue line had been drawn through the previous low (the 160 ish in mid 2021) then you'd have thought GKP was breaking out of the wedge to the downside as it fell through 180 ish and perhaps assumed the trend had turned downwards - hence sold up and missed the climb back to 197.

Still not sure whether charts are self fulfilling prophecies as so many traders use them or a bit like astrologists where the relevant stuff is remembered and quoted whilst the incorrect stuff is immediately forgotten or discounted for some spurious reasons.

I'm confused! If you're holding until price is £3 then you won't be holding when it gets to £3.50, never mind £5.

Trouble with Centrica is you get millions of customers with a price cap on their tarrifs so profit is limited by Govt whims. Plus every Labour Conference has a motion to re-nationalise which causes a massive drag on SP and limits options for long term planning.

In fact, if all villages, towns, cities etc were to switch to communal Ground Source Heat Pumps wouldn't we suck all the heat out of the centre of the earth, cool the world and avert global warming???
Think I may have just earned myself a Nobel Prize and a Thank You from Greta.

Bald E - think you need to differentiate between Ground and Air Source Heat Pumps.
Ground Source (ie pipes buried in the ground are totally silent - just a small pump to pump the fluid round, the evaporation and condensation cycles are totally silent). I have this and can heat / power a large open plan 4 bedroom house for about £600 a year - nil gas. HOWEVER, it is only a cost effective solution if added at the build stage as you need underfloor heating and excellent insulation for it to be effective. You also need to plan ahead as you only raise the temperature in the house by a few degrees an hour (it'll keep it at whatever temp you want) - so no coming in and thinking you can whack the heating up to full blast immediately like you can with Gas CH. I top up with a wood burner when temp drops below 3 or 3 degrees outside - not because the system can't cope but cos the wood is free and smells nice.
Air Source heat pumps can be added retrospectively but are not so efficient (especially if added to a house with crap insulation) and they are noisy as they are whacking great big fans.

Boyo - thanks for the extra detail, very interesting.
Fingers crossed you keep accumulating more as we'll all then be happy with a rising SP. Although always a bit of a concern if you don't quite know what's driving the SP increases - other than OP, fundamentals haven't changed.
Now if KRG were to become a stable democracy and commit to payment within 30 days!

Interesting strategy. Assume the adds are for equal amounts of money (ie less shares as SP rises).
I’m always interested by how much you need to lower stop loss so it isn’t triggered by very short term market spikes (I assume MMs can see all stop losses so can play you a bit).
Still doesn’t cover a 12% overnight fall though. Won’t every xdiv day take you out of holding?
I’ve decided my G shares are just an informed gamble now, collect the dividend and keep fingers crossed for an outbreak of mutual common sense in the KRG.

Time for a name change then! How about Never Sell Shell unless it goes above £16 and looks like it’s peaked.

Although an RDSB shareholder, I use Green Energy got my electricity and PV Feed in Tarriff. Their customer service is exemplary so Boyo’s brief bit of web surfing matches my experience.
They also sent all customers saying their energy is well hedged so they should survive higher prices OK. Excellent comms as well.

Perhaps links removed whilst they sort out their new "last resort" customers. I'd guess the admin team are pretty overwhelmed now and for next few weeks.
Think their web team normally pretty clued in.

Next - I get the existing hedge amounts (and the 2023 amount already hedged) but assuming DEC are trying to hedge the remainder of 2022/23/24 production - it should be far easier at a price more towards todays spot price. Profits only going to go up for next few years.
Only concern is lack of or increased prices of potential next acquisitions.

All very tranquil here, to match the share price I guess.
I'm amazed that a Company almost wholly producing gas (which has got pretty valuable recently in case you hadn't noticed) is still not a bigger attraction to investors, especially with a dividend at 10% ish.
I know hedging means the impact of higher prices on the bottom line will not be immediate but I bet lots of suppliers are now wishing they'd hedged so I'd imagine DEC are beating them off with a big stick at present or ramping up the 2022 and 2023 hedged prices.
Perhaps everyone just thinks DEC is still just an oil company.

I think that's all very valid. However, some of the market will only be interested by the return of a dividend, no matter how small. Don't think price is going to move significantly until dividend is re-instated showing some confidence in cashflow looking forward.

It's like a tragic comedy. Hope the KRG now realise how much the gas might have been worth if they had co-operated with a plan to get it out of the ground and distributed.
No matter how good the reserves and pumping is at QD and Sarta, if Genel aren't getting paid for it in a timely, reliable way then once again we're just subsidising the development of the KRG with interest free loans and associated depressed share price.
Lots of this is not down to poor management but continued lack of communications with investors is!
Latest update on Genel IR webpage is 2021 half year results. Reasons for investing and strategy are the same old sugary ****** that has been there for years and is never updated. I recognise they can't ramp their own shares but tell us what is happening please! Or is nothing happening? Leaving it all to Malcy to promise the world between lunches ain't working for me.

Hawkey - as per the other comments nil need to apologise. If we weren't optimistic we wouldn't be here (lots of us have got this one wrong). Some of us (me included) still think it might turn out all right in the end.
Enjoy you article postings on Shell B forum (better than that numpty Char) - keep on doing what you're doing. We're bound to be right one day :-)

Boyo, can you plot a chart to show how G share price is inversely proportional to Bunks’ number of postings?
Love his optimism and enthusiasm but it seems the market doesn’t like his posts!