Member Info for Neversellshell22

Thanks again.

I must get into this stuff. I usually fundamentals, current environment and some luck which has done Ok on occasions and no so in others…

My world class losses were RRL, GKP, MAX, XEL and Genel which was a self inflicted gun shot wound. Did well in PMO (very lucky), RMG, and Ofcourse Shel and BP, plus a few decent funds…

Every days a school day so many thanks. It’s what we don’t know that kills us…Lol…

Good Luck Matey…..

Results day are very difficult to call Trevor.

Most time the shares don't do much on the day so don't be too excited about tomorrow. Love to be wrong but we shall see.....

Bit of a lull around £4 for consolidation isnt' a bad thing.....

Hi Larry,

I don't know whether I should really declare how stupid I am this early on a Monday but I will anyway.

Are 1 and 2 not relevant as the price has gone above these levels.

In example 3 what does this actually mean in terms of you buying and selling shares? Im really sorry but I don't understand how I can bring your figures to life and understand to when it suggest I might buy or sell. eg in example 3 what are you suggesting if it reaches £22.18.

Don't worry if you think Im a lost cause...LOL

About our Namibia discovery......

https://www.londonstockexchange.com/news-article/TRP/namibia-update-and-statement-re-graff-1-well/15317311

Thanks gents,

I feel like Ive got my own personal tutors...And they are very much apprechiated.

Oil still over 93$, must admit I thought a small pullback was possible.

Nothing new in the link but talks about late March for Prelude which with current gas prices is a great shame....
https://www.brisbanetimes.com.au/national/western-australia/no-quick-fix-for-shell-s-prelude-after-december-fire-20220206-p59u6y.html

And some news of another renewable we are in the race for. I guess this is where having deep pockets could help.
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/arcelormittal-joins-race-to-buy-sprng-energy-in-green-steel-push/articleshow/89394397.cms

Heres to a good week on and off the track.........

NSS

Thanks Larry

So if prices rise by £1 tomorrow to say £21.37 your lowest prices would be:

1) 1656.40 made on 26/11/2021 (my warning signal because it’s below the Low 1598 made on 20/03/2008 from the High 2167 made on 06/07/2007)
2) 1383.60 made on 28/05/2021 (my danger signal)
3) 1259.94 made on 12/03/2003

Is that right ?? ....Probably not...LOL

Thank oneb,

Great numbers.

So if you transmit them to a year they become...A hell of a lot and as you say leave us massively under priced.....

Bloomberg) -- Oil prices, already up around 20% this year, could be boosted by China potentially replenishing its inventories and financial investors increasing their long positions, according to Vitol Group.... Yahoo Finance

I would imagine it would be possible to work our cash flow over the last quarter

Total
100k BOPD
100K Gas Per day

58k Oil hedged at ???
42 Oil unhedged at ???

50k Gas hedged at ???
50k Unhedged at ???

All above figures are approx but close enough...

Where are the Mathematicians....

Thanks Gents,

I struggle with charts as Boyo knows but very much appreciate their importance and your help.

So according to your graph Boyo oil is up 42% and we are up less than 10%. Surely that means we have a way to go yet.

Also the Buy backs would help push it up IO would help and the oil price could (or couldn't) keep rising as there is a shortfall in exploration and Development and production and an increase in demand. How long this thesis holds who knows.

Be delighted for replies to this post as well out of my depth understanding charts but fundamentals are solid at present.

Personally I think a much higher price is easily achievable if this year produces the same profit as last year..Could be nearly debt free....

Why not £25 plus.......Who knows....

Every day surely we get closer to Tolmont.

Doesn't anybody know of how much of its gas are hedged ?

RNS Tomorrow.....Now that would be nice....

Another exciting development coming our way soon....

https://www.upstreamonline.com/lng/tanzania-aims-to-fast-track-approval-of-30bn-lng-project-as-critical-talks-start/2-1-1095774

https://www.theafricareport.com/173449/tanzania-samia-clears-path-to-2023-launch-of-shell-equinor-gas-facility/

This could be a massive new oil frontier worth a fortune to Shell for years to come if initial results continue in other fields and reservoir quality and flow rates are good....Lots of Ifs I know.....

https://www.drillingcontractor.org/shell-qatarenergy-namcor-discover-oil-at-graff-1-offshore-namibia-62268

Another 4$ Billion coming our way pretty soon....

I wonder what the plan will be for this ?

https://www.rigzone.com/news/wire/four_local_firms_bid_for_shell_oil_fields_in_nigeria-04-feb-2022-167812-article/

They made a mistake on the slides which Linda corrected in commentary…

It’s 200$ million over the year.

So I think it’s 16p per year..

Hi Stock,

Good post as always but I see things differently with Shell who are going looking to become the complete energy supplier. Wind and Hydrogen are certainly here for the long term but also supplying power worldwide.

Either way both are doing very very well and with oil at 92$ there is no reason not to either consolidate or push on further...

Onwards and Upwards.......

Looking promising again today.......

Mayflower Project

https://mayflowerwind.com/who-we-are/

Also Shell is spending a fortune in China in New energy projects.....

This is one of our live projects.....

https://www.stiesdal.com/offshore-technologies/the-tetraspar-full-scale-demonstration-project/