Member Info for Larry_Livingston

It’s nice to see a good strong Close today nearer the new 52 weeks high 2873 made today, after a hotter than expected US inflation figures drove all the indexes into the red earlier.

Hi Ggp a follow up to your article yesterday from Ben van Beurden today.

https://oilprice.com/Latest-Energy-News/World-News/Former-Shell-CEO-Says-New-York-Stock-Exchange-Benefits-Oil-Firms.html

Hi Ggp I concur about Sawan’s tenure and I liked his approach and leadership skills and focus in the company especially after watching the Q3 update during Q&A sessions with the analysts as per my post on 02/11/2023. And I think the share price will move up if those actions are fruitful, that is excluding any unforeseen catalyst that could derail everything imho.

I also agree he is trying to close the gap with US peers or even the takeover you’ve mentioned, I just founded a bit funny about the dividend cut being left out because I sure a lot of institutional investors who can move a SP like the income funds must have sold it after the cut and moved the money elsewhere with better returns.

Hi Ggp thank you for the article and good point about the companies and governments, but would politicians listen I doubt it. It’s funny tho how the CEO is quick to complain about the lagging SP compare to US companies but never once mentions how US companies never cut the dividend during Covid where as Shell and BP took advantage to rebased it to suit them. Is all about selective bias really, but onwards and upwards and may SP carries on and let’s see what Q1 holds on 2nd of May after last Friday trading update and BP’s update today.

OPEC+ meeting concluded without any changes to the current production as expected.

https://www.cnbc.com/2024/04/03/crude-oil-prices-today.html

No wonder why the SP shot up earlier to an intra-day high of £45 around 3pm and was wondering what was happening, only to come back down and close at £43.50 in the end.

Siemens AG Statement regarding Renishaw plc released at 17.19pm :-

https://www.lse.co.uk/rns/RSW/statement-regarding-renishaw-plc-ift0tsl2fh1qltb.html

It’s nice to see you again, it’s been 5 mths since last time. Just watch out Normad he’s probably tired to see you again! :-)

Https://oilprice.com/Energy/Energy-General/Shell-Oil-Revises-its-Climate-Goals.html

Https://www.cnbc.com/2024/04/01/crude-oil-prices-today.html

It’s nice to you again, it’s been over 2 years since last time! :-)

Https://www.cnbc.com/2024/03/15/ceo-of-top-ocean-freight-carrier-hapag-lloyd-on-global-economy-demand.html

Https://oilprice.com/Latest-Energy-News/World-News/IEA-Sees-OPEC-Cuts-Pushing-Oil-Markets-Into-a-Supply-Deficit.html

The highest the SP has been from Low 2500 (Closing price) made on 23/09/2022, since 2021 when it peaked at 4180 (Closing price) on 04/11/2021. Let’s see what the follow-ups hold.

Clarkson hits record profits after energy supply and Red Sea disruption:-

https://www.proactiveinvestors.co.uk/companies/news/1042270/clarkson-hits-record-profits-after-energy-supply-and-red-sea-disruption-1042270.html

Https://www.cnbc.com/2024/03/03/saudi-arabia-to-extend-1-million-barrel-per-day-crude-oil-output-cut-until-the-end-of-june.html

FY2023 results is tomorrow, let’s see where SP closes.

Https://www.marketwatch.com/story/trump-could-deliver-lower-oil-prices-but-mixed-performances-for-oil-and-gas-stocks-cef1068e?mod=mw_rss_topstories

Https://www.cnbc.com/2024/01/18/red-sea-crisis-already-bigger-issue-for-shipping-than-covid-data-show.html

Https://www.cnbc.com/2024/01/17/what-a-prolonged-red-sea-crisis-means-for-inflation-and-world-economy.html

Https://www.ft.com/content/007e8ec6-7124-4e11-b40f-9863bf64df0c

Great Trading Update with the underlying profit before tax beating last year’s and surprising the Market, let’s where the SP closes today.