AAK, yes we are all adults so stop crying. Everything you have mentioned here again is old news and banging on about it everyday isn’t going to change anything. So if you want the share price to go up stop talking it down or did you sell shares last week and now you cannot get back in. If you have been holding Shell shares for such a long time prior to Covid and the war how come you only have 31 posts. Personally I prefer to be optimistic.
AAK, during the past two years if I was given £1 every time someone said the share price will never get over this or that I would be a rich man. £30 may take sometime but personally if we reach £26+ by the 4th quarter results I will be very happy. Relax
Bighitter 32, So I have been told but it doesn’t always seem to be in lockstep. How did the share price behave before Covid and the war, or does Shell only tag Brent in times of trouble and strife?
AAK, Believe me I want the full dividend I am 66 this month and Nomad by name and nature my UK N.I. is full of holes. I am no trader but I have made 60k profit during the past two years with my Shell shares. If I was to sell up now I would not know where to invest my money safely with a recession on the way. I remember 13 years ago when TW. Tanked to 2p!!! Luckily for me I bought 34,000 shares and still get a good dividend but I need more because there’s no social security where I live.
If the war stopped tomorrow I don’t believe the sp would drop more than 10% because there was a tight oil market before the war started. Also sanctions would continue for years to come and there’s no way Europe is going to do a U turn on energy supplies from Russia.
I am pleased to see the share price is not following Brent anymore, I was expecting to see a bigger drop this morning after talk of OPEC possibly kicking out Russia so they can pump more oil.
Casapinos, I wonder how far North Sea oil talks with Shell and BP progressed before the chancellor’s WFT announcement. It maybe possible they already have the nod for at least one or two project’s.
Investroid, I totally agree with all your comments. In four months it will be October and the northern hemisphere will be turning the heating back on. Only this time Putin could be waiting to turn Europes gas off in order to get maximum leverage for the lifting of Russian sanctions.
In a way I am also beginning to welcome this WFT if it is a once off payment. I concur with Picstloup it should hopefully get the government, and others off our back then the company can feel free to increase the dividend and make other moves.