The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Asia markets:
Brent futures are up 1.8% due to Biden’s stimulus package moving along.
The long awaited $1.9 billion Corona virus Aid bill has just been passed and is now on its way to the US senate for approval.
Bullish bankers are betting on $100 pb in 2022.
I remember Blade Runner 2049
TC. The other thing which is often overlooked by 2050 there will be another 2 billion people on the planet mostly in second and third world countries and they won’t be going electric anytime soon.
Shell reports global LNG demand is expected to double by 2040.
We are going to sail past £16 the SP just went up nearly £1 in a day, Brent is $67pb and on the way to $75pb and we are still in February.
I think after we get the third quarter results we will be over £18 and on the way to £20 by years end.IMO
Crude oil inventories rose to 1.29 MLN barrels according to the EIA.
U.S markets RDSB is $40 that’s the highest it’s been for a year.
Brent futures $67 pb.
RDSB.L £14.15 and rising
Brimmer and Char filter and ignore the awful ***** and her imaginary friends, she’s a classic example of a cranky woman who isn’t getting any !
The North Sea oil market has recently seen 20 bids but almost no sellers.
I’m not selling any shares
Besides the shut down of hundreds of rigs from Texas to Dakota and the closure of the gas exporting ports, all of the huge refineries with a capacity of refining 3 million bpd are also closed. There have been black outs due to the power demand for heating which must be seriously depleting their stock.
Permian oil production has dropped by 1 million bpd due to -18c the coldest weather for 30 years.
Unlike further north in Calgary where I used to work in -45c winters, the Texan oil rigs are not designed to operate in freezing temperatures and even the ports are frozen shut stopping the export of gas.
On top of this the cold snap has effected Europe and even China.
It’s not only the ex divided putting up the SP it’s also because the Texas oil rigs are frozen and everyone’s heating is on full chat.
Hey Freedom I’m not a trader I bought in for my pension and hopefully one day a better dividend from RDSB BP and TW.
I do remember the last Ex dividend and some people sold shares hoping to buy back in at a profit. Unfortunately it didn’t really happen at the time and a couple of guys were left panicking as it only dropped a little and went back up quickly.
I remember at Christmas some people saying Brent would never get to $64 pb in 2021, well we are closing in fast and RDSB is up 3% in the US.
Also there is $1.38.5 = £1 which is good for me.
It will probably all go pear shaped on Monday but hey you have to take the good news when you can and hopefully we have had all the bad news for now.
100% AllAtSea
The Supreme Court has ruled that the polluted communities of Ogaden and Bille can sue RDS in the English courts over the pollution in those areas.
Yep Hillary nearly killed him
15% Tax
There is a interesting interview on Bloomberg with Shell’s CEO Ben van Beurden on the companies future.
OPEC pledges to keep clearing surplus Brent $58.90