Member Info for Neversellshell22

Cant see the new Gaffer wanting to say anything until end of month. Getting to know the team and our prospects I would imagine.

Oil enjoying itself still so all is good. Tullow had a shiny start but now resting...lol....

Oil up one day at a time is all we need.....

oyal Dutch Shell

After the Covid-19 pandemic hit and oil prices plunged back in March, Royal Dutch Shell was the first of the world's very big oil and gas companies to take decisive action (EIF May6'20). In April, while its peers announced capex and opex cuts, suspended share buybacks and tapped the bond markets to raise billions of dollars to boost their liquidity, Shell did all of that and took the momentous decision to slash its dividend by two-thirds (EIF Apr.8'20). What's left for the company to do now? Shell's big bet, of course, has been on an integrated gas-to-power value chain that has seen it invest colossal amounts of capex in LNG projects. So, investors and other Shell observers will be seeking clues as to whether the company intends to revisit its integrated gas strategy, especially after it allocated up to $9 billion of write-downs to its Integrated Gas division at the end of June -- a result of a lowering of its assumptions for the long-term outlook for oil and gas prices (EIF Jul.8'20). With the continuing spread of the coronavirus in the US and Brazil, along with a resurgence of Covid-19 infections elsewhere, it's unlikely Shell's board will alter its view that the energy industry is in for a long-haul struggle; CFO Jessica Uhl said at the end of April that Shell expected the Covid-19 impact on oil, gas and chemicals volumes "to extend potentially for the next couple of years."

Oil looks happy today and some belief from chartist that once past 43$ it should be onwards and upwards.

A nice stead rise for Shell which is always good.

Must be lots of brain power working out their future strategy which surely has to be some kind of balance between new and old world energies.

Every day we hopefully get closer to ridding ourselves of this evil virus and then its just a case of rebuilding the worlds economies. Heard nearly 10 million children worldwide will no longer have education because of this. Very sad.

Still we human have a habit of finding solutions.....

Decent update from PMO so hopefully we will have a little boost as well.

Lots of excitement coming our way soon.......

Its also worth noting that 27.5% is in the bag but out of the other 72.5% many many won't vote.

Its not impossible that Tullow could have a very very big day tomorrow if their stars align.

If those things Slift mentions are all decently positive....... well who knows......

BOOM ..........

Very interesting comparison of Exxon V RDSB......

One thing is that the EIA think we will still be using mainly fossil fuels well pass 2050 and that RDSB may be a flawed strategy in fact impossible to go carbon neutral by then.

Our saving grace will be our LNG which is pretty certain to go up and up as coals reduces and also oil....

https://seekingalpha.com/article/4358331-exxon-vs-shell-exxon-wins-dividend

Im pretty certain that if Covid was now on way out we would be moving massively higher but until a vaccine...Its anybody guess......

Still a strong buy in uncertain times and a 4% dividend is better than nothing......

Never Sell Shell as they say.......

Just wondered if there Is there any reason why the Shareholders wouldn't agree the deal.

The boss says so........

https://ieefa.org/shell-chairman-says-oil-major-will-soon-be-seen-as-more-of-a-power-company/

Interesting that Shell are already doing work towards climate change in quite a big way....

https://www.gasworld.com/shell-ccs-facility-reaches-new-milestone/2019489.article

So many post on here mainly negative before news.

I would think the sale is a shoe in as most things boards do are. They would certainly have run it past large lenders.

Tullow are paying off debt and making FCF at these prices although not much...

Lots of fingers in lots of pies... In my opinion and I know no more or less than anyone else this is a fantastic time to buy....

We will know soon.....

Sold BP for £3 at end of March

Bought RDSB for £13.30 same time......

Dumbo......

Still long game over many years so we shall see where we go

https://asiatimes.com/2020/07/why-royal-dutch-shell-is-quitting-indonesia/

https://asiatimes.com/2020/06/indonesias-masela-gas-dream-dead-in-the-water/

Looks like the more gas loess oil bet on BG was long term good but currently pretty dire.

Shell already dipping their toe into new energies....

https://www.shell.com/energy-and-innovation/new-energies.html#iframe=L3dlYmFwcHMvMjAxOV9uZXdfZW5lcmdpZXNfaW50ZXJhY3RpdmVfbWFwLw

Steady day so far and both us and BP doing OK.

Interesting to find out day after day the small deals Shell are doing such as investing more in LNG trading which they do over 20% of the worlds deals.

https://www.bloomberg.com/news/articles/2020-07-14/shell-makes-bet-on-digital-lng-trading-with-glx-investment......

Cant wait for the new strategy to be revealed. Strong believer in LNG in future years .....

Not a great start with oil on the way down.

I agree with everyone that Tullow is a risky share but that’s why I bought in.

With a favourable wind this could easily double plus.

Remember with oil the market if Covid is beaten it will go up, Most countries and companies Cannot explore, develop and produce at this level.

So here’s to the future and our new Merlin The Wizard doing his stuff....

Wow. Many thanks Slift.

Many thanks for your fantastic response and breakdown.

Is this part of the world quite prolific for oil or are these mainly wildcats.?

The one positive thing about Tullow is they have many irons in many fires. Possibly to many.

Tomorrow looks challenging unless the wind changes......

Can someone add a bit of colour to this field.

I know we have 3 blocks and are supposed to drilling Golaithberg-1 well in the second half of 2020.

Who else is in evolved.
How much is ours
What has been done so far.

Many thanks

https://www.eia.gov/outlooks/ieo/pdf/ieo2019.pdf

https://seekingalpha.com/article/4357533-royal-dutch-shell-simple-bull-case

Working with Deloitte to decarbonate Ships.......

https://www.shell.com/energy-and-innovation/the-energy-future/decarbonising-shipping.html

I would imagine they will need a dual pronged approach.

Buy up cheap barrels already discovered as cheap as possible to replace current assets.

Invest heavily in the renewable world. Interestingly you can already get your electricity from Shell and its 100% renewable.....Speaking of which......

https://www.energylivenews.com/2020/07/13/shell-ccs-facility-soaks-up-five-million-tonnes-of-co2/

Whilst it was a huge shock it does look like the dividend cancellation was a good effort.