Member Info for Nomad1

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

1st quarter dividend up to 17.35 cents per share an increase of 4%.
4th quarter adjusted profit $395 million, missing the estimated $655 million.
Integrated gas profit up to $1.1 Billion beats estimate.

Dividend increase for first quarter is up 4%

Shell bought 5 cargos of North Sea oil the largest amount since 2008, and they also made another 7 bids which were turned down.

Biden has proposed a $1.9 Billion stimulus plan and RDSB and BP. went up 3% but pulled back a tad at close.Brent is $56.34 so we should hopefully have a green Friday morning although it’s bank earnings too.

Boyo
Thanks for that it’s an interesting read.
I had no idea the Americans were importing oil from Russia when there’s all these sanctions in place. What has Putin got on Trump?

OOO
Last February before the pandemic caused the markets to crash oil cost $54 pb the same as it does now. I don’t believe it was a conspiracy at all, it was a ****ing contest and neither Russia or Saudi wanted to loose face. It might of effected the Americans ability to export their shale oil but, this is the first time in 35 years the US did not have to import any oil.
However I heard news today of a tanker sailing from Libya to California but not through the Panama Canal it went south around Cape Horn. Does anyone know anything about this.

OOO
Astra/Oxfords top scientists current thinking is a 12 week gap could possibly be better than 3 weeks and increase immunity.

After the OPEC meeting had finished Saudi announced a unilateral cut of 1 million bpd starting next month. Good news indeed that’s why the US markets are up so much.

US markets:
RDS-B is higher than its been since March, $37.24 that’s up 8.65% and rising. So far

A weak dollar is good for EM economy’s because many have to import oil, and pay US dollar prices which is a killer for most EM countries with their exchange rates.
Re OPEC: In December shipments of oil and condensate from Saudi, Iraq Kuwait and the UEA was up 700,000 barrels on the previous month, maybe that’s what the Russians are miffed about.