Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I know we have been trying to stay under the radar so we can avoid paying a windfall tax,
but surly we have done enough and now Shell should raise the dividend.
Do you think with the company investing £25 billion in low carbon energy for the UK market over the next ten years, and possibly drilling Cambo which the government now seem to want is enough to get them of our case.
Yes Chris I remember just how quickly the share price can jump when it’s on a roll and that was while we were dealing with Covid. Now we have another virus called Putin which is out of control so who knows what’s going to happen. Would someone spray him with some stuff.
Personally my guesstimate is £23.80 by 3rd quarter results and £24.60 by 4th quarter results.
Onwards upwards next year
As the UK and US have together banned all oil from Russia the US government is now telling the oil companies to drill drill drill. It would be fair to assume that Boris is doing the same thing with Shell and BP while they are in talks about a big pile of dosh and a windfall tax. This time around to avoid paying this windfall tax Shell are going to have to show a spending plan on projects other than share buybacks. Apparently they don’t have any projects at the moment and to try and buy into anything solar or wind is extremely expensive right now as every European country has got the giddy up. So let them do what they are good at and drill for O&G in the North Sea and Shetlands.
Getafgrip & Clude, Putin is vertically challenged with a chip on his shoulder, and like his cousins he want’s multiple statues made of himself. He was brainwashed from birth by the KGB but he is no great leader he’s just a bully and a gangster!
I don’t understand why the oil price is so low over concerns about Iranian oil.
How many bpd do you think Iran is able to produce and export?
Will Iran be able to produce enough oil to make up for OPEC+1’s shortfall?
If the US let Iran export oil again they may limit the amount so they can use it as leverage in the nuclear negotiations at a later date.
OPEC+1 could cancel the extra 400,000 bpd in a heartbeat and probably will.
Any thoughts
After being chased out of the Karoo over worries about fracking and damage to the delicate environment, Shell have now been ordered by the court not to start their 6 month seismic survey off of the Wild coast. This truly is a stunning piece of rugged coastline teaming with wildlife on the eastern side of SA where the Indian and Atlantic Oceans meet. I have sailed up and down the Agulhas current from Cape Town to Durban, with pods of 1000 breaching dolphins and many species of whales following gazillions of Pilchards shimmering in the moon lite phosphorescent water.
The country desperately needs a supply gas as the Mossel Bay refinery is running out of product, and all of the oil is imported and paid for in US at $1 = 16 Rand/Zar.
SA dig up and burn coal in their power stations and export the rest for profit.
The hypocrites don’t want oil in their back yard, but out of site out of mind in someone else’s country is okay.
Many of the locals were boycotting Shell service stations especially after they found out the ANC had received a 16million sweetener from some company attached to Shell. Needless to say the energy minister wants the survey to go ahead but any oil company coming to SA is going to have a battle on their hands.