Member Info for Neversellshell22

Not the week we wanted and Im surprised the oil price never made 45$ but next week all is to play for.

None of has the slightest idea where they will go with the new strategy but RDSB is a Super Major so hopefully they will go on the right path.

Power seems to be one of their options and they already supply renewable electricity to millions of people.

Add a bit of Hydrogen, a few renewables and away we go...........

Seems to be much more traffic on the roads.....

If this is worldwide I wonder how this stacks on regarding oil usage verse Less flights and Cruises ?

And if and I know we aren't there yet we get a vaccine will we have a big V shaped recovery next year.......

Crackin......

Its unlikely he will shout anything to positive but a more reassured and steady the ship type update.

Tullow have massive potential and will the new team we should all do well.

All the signs are that we should beat Covid 19 within 6 to 9 months at most and I honestly think that will significantly increase oil prices.

Lack of investment, Shale Crisis, Opec Plus, Increased demand...etc etc......

Buy whilst its in the sale.........

https://www.bnnbloomberg.ca/shell-s-780-million-dry-hole-dims-outlook-for-brazil-oil-1.1469959

https://seekingalpha.com/news/3594302-chevrons-gorgon-lng-faces-inspection-from-australias-safety-unit

This is from Feb.......

A Shell subsidiary has won more than US$340 million in a billion-dollar arbitration at the Asian International Arbitration Centre, launched by a Malaysian state-owned shipping company over one of the country’s biggest offshore oil fields.

This is from today....

A Malaysian state-owned shipping company has applied to set aside an award worth over US$340 million won by a Shell subsidiary at the Asian International Arbitration Centre in a dispute over one of the country’s largest offshore oil fields.

Great post Pokerchips, fully agree.

I personally think anyone buying in now will do very well but its a long term play and not a shoot the lights out.

Oil and Gas will be needed for decades to come and as long as Shell start moving towards providing power and renewables as well as keeping the rest of the bits going we should do well.

Shell have literally 100s of scientist who work for them so they are continually developing new projects.

Im a big believer in Shell on a medium to long tern play. If you want the quick buck XXXX or bust have a stab at Tullow (Im in) or PMO or GKP, Hurricane or Genel......

Meanwhile business continues big time.....

https://www.nsenergybusiness.com/news/gazprom-neft-shell-hydrocarbon-cluster/

Best time ever to buy.......

On the assumption that to buy at the all time low was very risky due to not knowing what the future would be we now have the price slightly higher but a lot rosier future.

Flights resuming, More cars on road, India, China, Opec Plus, Shales in tatters, Rigs reduction, Exploration and Development reduced...........

BUY RDSB......

Hopefully we should turn a bit now.....

Tullow May present us with some good news next week as production as been good and oil price is higher than anyone imagined a couple of months ago.

Who know with tonight’s figures they may contract or reduce last nights surplus. I’m sure they make them up half the time....

Here’s to next week.....

7.5 million build....

7.5 million build.....

Not great

What a Dummy....That’s last weeks...lol

Over 8 million but the oil market less than impressed....

Very strange....

Shell must be confident of future gas profit from here......

https://www.energymixreport.com/shell-bolsters-domestic-gas-distribution-in-nigeria-increases-capacity-by-150/

Wondered if RDSB might be on the look out for some stranded assets like Chevron have just bought......

We certainly have the fire power and if not...Why not.....

PMO, Tullow, Hurricane, Cairn, GKP. Genel...........Plenty of bargain out there....

Just thinking around about whether to buy some more RDSB.

I think for media to the dividend reduction, current worldwide usage, vaccines hopefully in the coming months and the likely new company direction....Its a buy.

I also think oil will be the other side of 50$ by Christmas as the world wakes up to a large deficit......

Anybody think of others reasons to buy or indeed to sell ????

Unbelievable the world used 70 million barrels a day during lock down.

Very interesting guy ex BP.....

https://www.spglobal.com/platts/en/market-insights/podcasts/focus/072120-interview-bp-cfo-brian-gilvary-crude-hydrocarbons-hydrogen

Much better have theses small steady rises than the roller coaster and I would imagine its more encouraging for longer term investors.

Interssting comment from Al Gore on a Podacast earlier "2/3 of all the discovered oil in the world will never be produced.

Roll on results day........

Looks like oil is happy today and continuing its slow and steady rise...

I guess they must think a decent draw this afternoon...

Our man Ben is very prudent and risk averse so I would imagine he won’t be in a rush to change the dividend this quarter especially as we haven’t actually seen off Covid yet.....

He has some pretty major decisions to make far bigger than ever before when their main business was just oil and gas......

Which assets to sell, which to cease and where to plan the future and balancing the future Fossil fuel and his 2050 promise......

I think oil will go on a gentle path up now but wouldn’t expect anything over 50$ this year...Who knows but fingers crossed....