Member Info for Nightpusher

Boyo
any chance you can put together a chart of share price of Shell and Conoco since January 1st,its my opinion that VB made yet another strategic mistake selling Permian assets which I felt could almost be the jewel in the crown asset.I know Conoco are ramping up activity there and the dosh just went on more buybacks and cutting 3 million or so off debt.The only acceptable destination for the money was debt repayment.BPX storming ahead over there and at least I got a large special dividend from BHP for the sale as BHP decided to start exiting oil business. all quiet over Genel way with a decent increase in divi to keep us long suffering shareholders hanging on a bit longer

With the greatest respect to Harry it really isn't a good idea to listen to anybody on these boards as we all have our own agenda.

Sound advice NSS22

What agenda would that be never sell

That sounds like me,having been accumulating BP and Shell for 13 years,reinvesting divi every quarter as well.For the last 5 years have been buying Apache,Transocean and Schlumberger and the last year I have been buying HBR,called a halt to that now and waiting out all these initial problems and will defo take 2 divis before selling.
Am unwinding my shares in Glencore this year getting 2 tranches away at £4.20 and £4.30 with 3 more tranches to go when they reach their targets.
Its all about patience but should end up near or above 7 figure sum.

Nomad
having read various reports on this matter ,the best I can come up with is that Iran is managing to export 3 million barrels of oil a day,mainly to china and other countries not affected by sanctions
Its reasonably assumed that Iran can ramp up another million barrels a day in 3 to 6 months.

https://www.reuters.com/article/shell-northsea-idINL8N2TZ5IF
Greetings Harry

Found the link myself Harry by said journos on Jan 20th but I must be missing something as I can find no mention of Shell being in talks about Cambo,its all about Jackdaw and a brief ref about Shell pulling out of Cambo which does not tie in with your comment that Shell were in talks with UK regulator concerning Cambo which was the origin of my flagging your post.
Probably time to move on and concentrate on a rumour I picked up this morning about Biden throwing in the towel on Iranian sanctions to try and get another possible million barrels of oil onto the market by July.Cant see the House going for it but maybe he does not need their permission to kick sanctions into touch.Just rumour at the moment and I have no concrete link yet

I have missed your bile in recent days, off fishing and all. That said, its pleasing to see the land of Dumb Muppets still exists. given most of your fellow Muppets have long gone to hide in the Muppet swamp/canal.

HC you seem to be moving on from being the board bore to becoming the board bully.

I have no intention of filtering you as I like to check your posts to make sure that in between all your bile you are not misrepresenting facts like your comment on Cambo.I follow Bloomberg daily and even have a subscription and was unable to find any evidence that they reported that Shell were in talks with UK authorities concerning Cambo.

Thanks Peter for that important update on Tolmount East very likely to get approval this year.I was aware that the application process had started.It is only hearsay at the moment but its obvious that some cabinet ministers are now openly challenging Johnson's position on hydrocarbon extraction in UK.

There are quite a few Genel refugees here! Personally I've hung on thinking it can only get better, and am about 20% down at £1.50 ish but with dividends think I'm pretty close to break even eventually (but it's taken 4 years and a load of missed opportunities elsewhere).

Steady on Jim,we are Genel investors not refugees.The Genel gang on LSE are brilliant by way of only posting relative stuff instead of posters forever ramping or being thoroughly unpleasant to others with their posts.Been a serious Shell and BP shareholder for way longer than my 7 years with Genel.Am also picking up as much Apache as I can monthly.Recently been acquiring HBR but dont expect to be there for more than 2 divi payments.Been a great 7 days for Shell just disappointed that Van Beurden increased divi by a stupidly small amount when it would have been smarter to hold steady and not give journos the ability to report Shell increases divi while millions live in fuel poverty.Sorry also that he sold Permian assets as they are liquid gold and Conoco will be ramping up production already

Who knows Hawkeye until all bills are paid and you read the small print in the full year reports of HBR and RKH.

Bit the same with Shells involvement with a 30% stake in Cambo which was incorrectly reported by HC on here that Shell were in talks with UK regulators about the future of the said project.Shell have withdrawn from this project and it is now up to Siccar Point energy as 70% equity owner and more importantly operator of this block to try and move this project forward but without a big hitter partner,I think that will be difficult.Its a risky project in 3000 ft of water on the west coast of Shetland where the tides and sea conditions are hugely different from the East Shetland basin where I spent many years working.HC was correct about Jackdaw however and project refusal on a very simplistic develepment linked back to Shearwater platform actually beggars belief but all this lack of vision by UK regulators just helps to push the price of hydrocarbons higher which will eventually propel HBR up into the 4 pound bracket and probably higher.Thats reasons to be cheerful for sure

I would stay well clear of Genel Has you well know,its just KRG whipping boy for when they need to supplement their state budget but am actually considering letting go about 25% of my Genel holding to increase my my stake in HBR where I have had the opportunity to buy the dips over the last six months. Topped up at 352 before Xmas but suspect that those days are over as this stock looks set to push on through 400 and upwards.
This board lacks the panache of the old Genel board but I really dont post very often unless I have a snippet of info from some of my old colleagues in the drilling business,one of whom may be Drilling supervisor on the next Prem/hbr well in Indonesia if he finishes his job in Mexico on time.

SK.
Need to improve your geography.Tolmount is in the Southern Sector of the North Sea and is within English jurisdiction

surely wiping 9 billion off debt pile would be the best option............ I dont see why they dont use these oportunities to become debt free!!
Have to agree with that Grippa,borrowing in the future is likely to become much more difficult and expensive for Shell.The share price is nudging upwards slowly so lets reduce this debt pile while the sun is shining and we have the resources to fix the roof.

Hi Bunks,
Think RDSB disappointed the hacks on the early reports as they are not too sharp,I am well pleased with the results,£16mil cash flow ,paying down £8 mil debt which is fixing the roof while the sun shines.Not the moment too be attracting big headlines with big shareholder payouts when the price of gas and petrol are so high,more likely to attract mps to demanding a windfall tax on the major oil companies.There is a possibility of a special divi when RDSB receive their money for the sale of Permian Basin assets that will keep institutions and shareholders happy.happy.

Casapinos
My sentiments entirely,been nearly 15 years in RDSB and aint leaving any time soon unless its my son sorting out my probate

Bunks.I agonised over selling 50% of my holding on thursday and friday but that devil sentiment kept me off the sell now button though it probably defies sensible investing logic.Been here so long and I do believe that investor sentiment is turning back in favour of oil majors so little old Genel might get dragged up in the tailwind.
I have a considerable amount of shares with the sad admission that I bought 4 tranches of Genl in Jan 2014, highest price being £10.72.A luta continua

My sentiments entirely Bunks,I seem to follow your trajectory,topping up in March as I felt the share had a chance of reaching £2,even reinvested final divi and look where we are at £1.23.
Giving serious consideration to unloading some but feel markets are due a correction and if my memory is correct Genl holds up quite well in those conditions but failure of the BOD to pick up a distressed oil asset in another country during the slump is a telling indication of their complete lack of forward thinking.

Everyone like me getting super enthusiastic about gas price and possible influence on Q3 results but it might be helpful if some knowledgeable person can enlighten us as to how much of BP gas retail is already hedged.I know LNG is all done by contract so what really is the scoop here.

Thanks for that insight Boyo,I guess gas price is not worth inclusion due to its lack of price stability.It may well be that much Of RDSB gas production is hedged and LNG is done by contract as well.
Feel upbeat about this share just lately,need to really as I have been holding a good wedge for the last 12 years.Not so happy about our chum in Kurdistan just now,but you are out now.

Happy Investor.
You sir are completely correct,all prediction about RDSB together with all those charts using Brent fail to underline this huge price increase of natural gas which probably is near to 50% of all hydrocarbon delivery for the company.Q3 in November will raise eyebrows,Q4 in Feb 2022 will probably be a record.Watch out for a special Divi in the New Year.
Quite a few articles in recent press from fund managers actually stating that ethical investing is actually a complete joke.
Continue with the patient approach and I doubt that canny investors will be disappointed

Nothing much of a positive note Bunks but am keeping faith with this share for a quite awhile longer though its hard to be optimistic.When I tripled this shareholding a couple or 3 years back I nearly opted for HUR instead so I did at least miss that debacle unlike Hashiba who has done a brilliant job weaponising the shareholders on the LSE forum.