Member Info for Neversellshell22

Only entries which are added in with all the others will be accepted. Please place in numerical order.

Closes 7.00am on Monday.

£3.08 Sigma1
£3.18 NSS

Well done Sir with your £3.06…An inspired choice…..

And now to share your thoughts, wishes, dreams, plans and anything else you want to with the “Friday Club Massive”…

Congratulations……

CPig,

Yes, I think there will be a lot of noise at COP as of course it will be run by the “change everything today “mob.

There may also be a small hit on the SP for a day or 2 but who knows….

The point is without companies like Shell and BP the world as we know it today cannot function…….

I am very conscious of the need to change as soon as possible but that a journey and not a sudden stop…..

My personal opinion is that oil will rise considerably due to lack of investment in exploration and appraisal. At nearly 100 million barrels a day you would be surprised how quick fields run dry. Every day there is more and more pressure not to drill in areas. Listen to the noise about the North Sea all of a sudden.

So that make more profit for BP and Shell and more money to invest in green energies.

A very happy outcome…..

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https://www.cnbc.com/2021/08/11/bp-says-australia-is-ideal-place-to-scale-up-green-hydrogen-production.html

Hi Boyo,
Its help a numpty day......

Why is the £14.60 so important chart wise ?

Cheers Mucker.......

Guys,

Pop over to BP. We are having a chat about it....

NSS

Not sure this helps.....But its raining outside.....

"The effect of a buyback is to reduce the number of outstanding shares on the market, which increases the ownership stake of the stakeholders. A company might buyback shares because it believes the market has discounted its shares too steeply, to invest in itself, or to improve its financial ratios".

https://cliffcore.com/reasons-why-companies-buyback-shares/

https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp

https://www.fool.co.uk/investing-basics/how-the-stock-market-works/share-buybacks/

Hi Gavster,

For me the jury is out on Looney although I think his family were very unkind with the name. He's trying to do something which has never been done before by any oil company. Is he going to fast or slow...Who knows....

Heres one for you.....If Buy backs are such a bad idea why are many of the biggest companies in the world doing them? I don't get it ?

Onwards and upwards....

Great points Compound. Not sure I agree with them all though.

I do think we will have very high oil prices as simply we are using close to 100 million barrels and day and no one is doing anywhere near as much exploration work as they were.

Won’t take long for the wells to drain and new wells needed.

The whole green thing is so so heavy to get your head around. At one end we have areas of the world with no electricity still and others in places are already ahead of the game.

I think mankind have kind of been taken by surprise whilst always knowing the risk in not doing anything about our emissions. Its sure as hell been confirmed now........Greece, Australia, USA to name a few extreme weather events.

Will we use batteries for cars or are they a stepping stone to something else? Can we use geothermal heat to provide all the world energy need, will we ever get the biggest emitters to go green (china 1 new coal fired station every week apparently), who will pay for the poorest countries with the biggest emission to go green? Will self-preservation destroy the plant?

Bangs head against wall and opens a can of Cider. Apples picked by an emitting tractor, produced by a machine using electricity, driven to a supermarket distribution centre in a diesel lorry, driven to a supermarket in another diesel lorry, put on shelf by a woman who drove to work in her unleaded car, bought by me driving my unleaded car…..

I’ll have a glass of water instead…..LOL….

https://www.reuters.com/legal/legalindustry/practice-how-shell-maximizes-value-its-legal-operations-function-2021-08-10/

A major issue that we rarely discuss is how to finance oil exploration. In the past its been easy but more and more green flag wavers are moving away from supporting fosil fuel.

BP and Shell owe about 100$ billion between them……..Wow.

So the questions are:

Will these companies have trouble raising finance going forward or will their new green credential see them through?

Will any finance raised for oil exploration/production cost them lots more ?

I’ll post on both boards to get as many opinions as possible….

A major issue that we rarely discuss is how to finance oil exploration. In the past its been easy but more and more green flag wavers are moving away from supporting fosil fuels.

BP and Shell owe about 100$ billion between them……..Wow.

So the questions are:

Will these companies have trouble raising finance going forward or will their new green credential see them through?

Will any finance raised for oil exploration/production cost them lots more ?

I’ll post on both boards to get as many opinions as possible….

Not sure your right about Saudi not jumping to Joes tune. Joes is very very close to them and is their protector.

Re oil price rising I think it could go up big time over the long term.

With the push to be green there is less and less being drilled and more and more being used….Only one result there.

https://www.energyvoice.com/oilandgas/asia/341404/murphy-halts-brunei-sale-after-shell-makes-deepwater-discovery/

https://www.investingcube.com/will-the-shell-share-price-hold-up-as-oil-slides-lower-shares-shell/

https://www.fool.co.uk/investing/2021/08/10/can-the-bp-share-price-rise-further/

https://www.reuters.com/business/energy/bp-sees-potential-green-hydrogen-ammonia-plant-australia-2021-08-11/

Looks like we could be spending a few quid in Libya after departing in 2012

https://www.libyaherald.com/2021/08/03/shell-considering-resumption-of-operations-in-libya/

https://www.thenationalnews.com/business/energy/2021/08/03/shell-could-resume-oil-and-gas-exploration-in-libya/

Hi SeekK

Im not sure what your after but I dont think there is a difference.

The total shares traded are on the London Stock Exchange web site and the shares bought by Shell are shown on the RNS.

What is it exactly you are trying to find and and whats the information for. Perhaps then one of us can help you.

All the best....

NSS