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Climate change zealots have taken the high ground and large oil companies are very easy targets. Threats of legal cases in the US to claim damages for climate change, daily pictures on the news of glaciers and polar caps melting, red alert on climate change etc etc.
Shell and others won't be popular with many managers of sustainable funds. All this will continue to depress the SP.
Nope, up again.
That will keep lawyers in fees for decades.
A Tesla battery pack weighs half a ton and sits under the floor of the car. Replacing the battery can't be a simple or quick operation, unless the Chinese have simplified the access problem.
Share price increases in SMT and other successful funds in recent times are almost unprecedented. 100% in a year! Don't expect a repeat any time soon.
This sounds like a game changer if it's actually enforceable in law.
Yes, WTI.
As I write this crude oil has recovered back to 65.34 and the Nasdaq is a mere 0.12% down on the day.
Glad I bought some more Shell and SMT on the dip!
The Tech bubble is bursting, a 100% rise in a year was pie in the sky. I think Tesla in particular is vulnerable.
If you look on the bright side, you are getting about 2.5% pa return on your investment, far better than any savings account.
I think the SP should recover more quickly in the second half of 2021, when many people have been vaccinated, industry is returning to normal and more people are going on holiday etc.
I think No Deal would be a total disaster for the UK.
We were never going to get a great deal, but I can understand why the EU want to maintain a ' level playing field' in terms of standards and regulations for goods and services. It is the UK who can't expect to have its cake, and eat it, not Macron.
chris1308, great post, I feel exactly the same about the lack of British owned successful companies. I was only thinking about the demise and break up of ICI the other day.
Far too much emphasis on businesses making a quick buck and selling up in this country. We need more emphasis on developing long term world beating big businesses in this country, like the successful German model.
My average is 998p and I fully expect Shell to double in price and maintain decent dividends in 2021. What's not to like about going long on Shell.