Member Info for Neversellshell22

Shell is still a massive massive company into nearly everything there is going, oil, gas,renewables,power,electricity,transport,shops,chemicials.

My personal view is that until the new master plan is showcased and we beat this blooming Covid we won't be rising much.

Don't forget there are millions of barrels of oil that Shell could buy at record low prices should they wish. Tullow for a start are record cheap.

They moved very early to batten down the hatches, cut the dividend and reduce spending.

When we come out the other side Shell will be very well placed ....

Up 15

Not great news,......When will they learn ??

https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/092420-us-oil-gas-rig-count-up-15-on-week-biggest-gain-since-downturn-enverus

Tullow just following the market at the moment and a pretty weak oil price. Most of this down to Covid 19 leading to excess supply and to much demand.

So in the short term no one should be expecting to make much here.

However long term for me its a Stonking buy given a fair wind and with Covid behind us.

Hi Nickel,

You post some great stuff and your positivity is something to behold in these dark days. However if I could add some very well meant thought It may be worth doing a few less post that than replying to every negative numpty who appears on the board....
I really believe that Tullow is a dantastic buy at this price and wish us all the best .

A bit of patience is all we need .

Good luck Amigo...

Im amazing that Shell haven't bought a few minnows on the cheap

You would probably get change from a billion for PMO, Tullow and GKP combined.

I know we want to become a power company but we could still sell some oil on the side...lol?

Any logic ??

Interesting......

https://www.businessgreen.com/interview/4020334/zoom-net-zero-shell-sinead-lynch

https://www.fool.co.uk/investing/2020/09/19/considering-the-tullow-oil-share-price-heres-an-option-for-you/

https://www.the-star.co.ke/business/kenya/2020-09-18-tullow-to-cut-jobs-in-kenya-announces-mbogos-exit/

Has to be said a disappointing Friday but many other oilers the same.

However much more confidence overall and if he achieves as planned the new CEO will be worth his money.

Oil price is of course key and Uganda but even a sniff of a general release vaccine in Nov or Dec should start the long road to normalisation.

Many many more flights, cruises will massively push up demand and also:

There has been a massive reduction in oil exploration.
OPEC + seem to be getting their act together.
Much of shale is a busted flush and they cannot get finance.
Biden against gov land being used for Shale.
Venezula, Libya, Iran all producing loser....

Oil looks good to me and so does Tullow....

They seen to be miles ahead of us at present......

Well worth looking at.....They are very very confident in Gas much more than oil........

https://www.bp.com/en/global/corporate/investors/investor-presentations/bp-week-2020/bp-week-2020-day-one.html#bernard-looney

BP have been doing some seminars this week....Very very interesting. They recon oil peaked in 2019 at 100 million BOPD and will be 25-50 million barrels a day by 2050.....

https://www.bp.com/en/global/corporate/investors/investor-presentations/bp-week-2020/bp-week-2020-day-one.html#bernard-looney

I can understand why we went up today but any ideas why the wider oil markwt went down with a rising oil price....

https://oilprice.com/Energy/Energy-General/Cash-Strapped-Iraq-To-Finally-Roll-Out-Refinery-Megaproject.html

I know we were producing a small amount of oil and apparently the roads were washed away....

Just wondered if we would start this again or wait for the big sell, farm down...or other event ..

We have a massive project in Iraq which admittedly has been kicking around for years but which is due to be signed and sealed by year end....

Every little helps .

Clown....Jog on..

Considering whats hapoenibg in the wider markwt today we are going great guns....

Just over 13p to break even...

Plenty of time and patience....

Just wondered if anybody had any thoughts why he hast been increasing snce we had this low rice. Would have made sense to me...

????

Some very good points Tony, but they effect all Oiler’s.

Depending on ones time scales we should be able to well here.

Covid will be beaten.
Demand will be restored.
Production will be lower due to lack of worldwide investment.
Shale is in the main no longer investable by banks.
OPEC + have learned there lessons...

For these reasons on a decent timescale I’m very very confident of Tullow and my buy in price is 31p....

https://www.channelnewsasia.com/news/business/shell-focused-on-turning-around-troubled-australian-operations-13112316