Member Info for Neversellshell22

Smithy,

Todays rout is all about in inflation which is 2.6% in USA and rising. The fed is expected it to heat up further but the question is can they control it and get it back to their 2% target when they need to. buffet thinks we will have more inflation.

Interesting video....

https://www.youtube.com/watch?v=nhFj668g4zU

I don’t think any of us are experts bald eagle but never the less all have our opinions.

Mine is that oil will rise from here to 80$...Why.?

Firstly I can’t see as negative issues in front of us assuming the world cracks COVID.

Then you have millions with cabin fever, Sleepy Joes stimulus and the OPEC+ truce. I also think Shale is different as it owned much more centrally now by fewer players, are finding it harder and more expensive to raise capitol. Shareholders are also demanding dividends instead of more debt and of course many many companies have got bankrupt and if not have had severe nose bleeds. They won’t want that again. Look at BP, they have a massive area but only a few rigs and no intention of increasing them.

Finally there is massive investment in oil and gas during the last 5 years. If your not exploring and developing oil fields your going backwards.

None of this includes our Shiney green renewable world which I also think will push oil up short term as there is less and less companies after the oil....

Who knows.....?

Bernard said last week:

“We’ve got a pretty optimistic outlook on buybacks for the remainder of the year but we’re going to do it quarter by quarter,” said BP Chief Executive Bernard Looney. “Depending of course on [the oil] price, I think next year you can very easily imagine a world where our distributions to shareholders are at or above the pre-pandemic levels”

Yes,
I think we were mugged by INEOS and could never stand any logic in the sale.

Still plenty of other good things going on....

Hi CSDI,

Thank you for your comments.

Like Boyo has said why £14.50. Its only a loss when you sell. If your not in a rush sit back and let the price rise and hopefully the dividend.

Shell and BP have ti do something with their profits which will be big for a few quarters...

Good luck either way Mucker....

https://www.offshorewind.biz/2021/05/10/bp-posts-around-100-offshore-wind-job-vacancies/

Sorry stevebt and Oystercatcher, Friday club closed at 7.00am on Monday morning.

Touraco £2.99
y11-shx £3.04
WMMG £3.06
nightyard £3.08
cw1966 £3.09
BP.ornot.2b £3.10
NSS £3.18
Sharefall £3.20
MarkGo £3.22
Android £3.23
KPMAN £3.23
oneyboy5000 - £3.25
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Fox at £3.31
PANG £3.32
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Longish £3.46

https://seekingalpha.com/news/3693886-huge-shell-exxon-carbon-storage-project-wins-2b-dutch-government-subsidies?mail_subject=rds-a-huge-shell-exxon-carbon-storage-project-wins-2b-dutch-government-subsidies&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha

https://www.youtube.com/watch?v=TDn3uk1_i70

https://www.axios.com/shell-ceo-climate-change-axios-hbo-9cb96fbd-3044-464f-aa6e-f34d95daab22.html

https://www.rigzone.com/news/wire/half_of_shell_energy_mix_to_be_clean_next_decade-10-may-2021-165380-article/

https://www.petrofac.com/en-gb/media/news/petrofac-secures-contract-for-bp-project-in-mauritania-and-senegal/?utm_source=twitter&utm_medium=social&utm_content=3a43bbfb-8e8c-4a2c-84cd-ad2339585d3d&utm_campaign=projects

I wonder how many of them really want independence....

Surely even if we just talked about currency then are knackered..

Oil worthless long term, jobs, military

And heres a couple of beauties...How would they have coped with Covid and what are their plans to pay the huge deficit...

I think the price of oil will be our main driver this year and i can see it going much much higher.

If the world opens up as quickly as expected I can see it at least for a short period spiking to 90$ to 100$.

I don't think in the history of the world there have been so many things come together to form a perfect storm for oil prices to go higher.

Cabin fever, there will be unparalled worldwide travel as the prisoners are released.

Sleepy Joe has the mother of all stimulas packages and that will have multiple positive affects.

Awaking economies with China already using more oil than 2019, Wait until 1.4 Billion indians get going.

Opec Plus, they will keep the ship steady but can they suddenly find all the extra oil needed.

USA Shale, lenders are once bitten twice shy..Consolidation makes it more stable.

Any thoughts ???????

Touraco £2.99
y11-shx £3.04
WMMG £3.06
nightyard £3.08
cw1966 £3.09
BP.ornot.2b £3.10
NSS £3.18
Sharefall £3.20
Android £3.23
KPMAN £3.23
oneyboy5000 - £3.25
Davross1 £3.25
slarti-bartfast £3.26
stockready1 £3.27
Winnerlot £3.28
BigMacCheese £3.30
Digby04 £3.31
Fox at £3.31
PANG £3.32
Spights £3.40
Longish £3.46

Blimy,

Fiery here and it’s not even Monday yet....lol...

Here’s to a good day.....

https://uk.finance.yahoo.com/news/why-think-bp-share-price-105841547.html

https://newseu.cgtn.com/news/2021-05-08/Why-fossil-fuel-companies-still-have-a-role-to-play-Shell-104XcIY8eLC/index.html

Big player Fund Manager on CNBC pointing out Exxon up100pc from lows, Whereas BP and Shell only 50pcSaid no reason for this disparity, Strong Buy

Courtesy of white house on ADVN

I dont think it will return for a lot of years and possibly ever.

The higher dividend the more difficult to pay especially when long term future profits are likely to be low than now.

I think they will stick to the plan this year with buy backs from Q2/Q3 subject to hitting debt target.

Next year it will rise again but i dont think by much more than the 4% they mentioned....

Things seem to be going their way in that they are making monster profits (subject to covid) to reinvest in renewables just at the right time....