Member Info for pernix

Boyobach: It’s FOMO, missing out. That’s why I bought back into Shell. I’m nearly break even on my share costs. At £3.99 dealing costs it’s ok but got to consider Stamp Duty on share buys. So a couple pennies up, I’m break even.

Agree PO has a bigger influence on Shell SP than FTSE100 index. So if index falls maybe Shell rises like today. PO looking a bit stronger now. Suggests Shell should go up much further.

I bought Shell back. Looks like £23. Maybe nearing on £24. The Fed keeping on talking interest rates up is a dampener.

I took Shell share profits, 1K up just today. Uncertainty again. Still think Shell rally to continue. Some profit taking now.

Boyobach: Thank you for your comments. I wonder how much legs this rally has to go? Shell, it may fly past £23 knocking again on £24. It’s not going to be straight line up with maybe lots of profit taking down days. Timing share buys & sells is never an easy thing. Like most I’ve been wrong footed. When I said Maybe below 2000p, it did reach 2010 & that was a right call. Then I should have bought lots but hindsight is a wonderful thing. This time I will trade Shell shares going with my gut instincts.

Boyobach: How far on your Shell charts you see shares rising now. Some one said 2222p three little ducks but I think maybe more upside than that. This shares rally going to be sharp hopefully.

This shares rally maybe sharp upwards! It could last many weeks. DYOR

I did buy Shell shares couple days back. Shell share charts showing upwards trend now. We are in a Bear market rally, could have legs to go up more. Then lots of oil news around, keeps interest in energy commodity sector. Like most I see slowdown in economies. If Governments can borrow more to spend more for investing & helping consumers then soft economic landing is possible. This likely to be a G7 initiative in the future.

2000p Shell soon. How far below that, anyone’s guess?

Yes, if you ask me. The Fed’s QE cheap money put us here. Now they want to crash the global economy (big recession coming) to cover their massive mistakes. Give us the hard medicine to get inflation to 2% target. I can’t imagine what levels of high interest rates they have in mind. Too painful to think. The great Fed reset means the majority of us get poorer and the very few get big riches.

Seems the Fed want to engineer a global recession. They can do whatever they want. Why? Totally Independent, Largest Central Bank in The World.

Just no idea how far Shell price will sink. Below 2000p is probably now a given. How far below that anyone’s guess.

Bad news for Oil company shares:

In remarks to a conference on the U.S. dollar, Powell stressed that the Fed is “acutely focused on returning inflation to our 2 percent objective

Maybe 2000p below. According to Shell share charts. This whole saga is crap. Oil price rising but Shell, BP falling. I don’t trust any rally. I thought maybe a bounce but shares just keep falling. I’ve sold out for time being. GLA, DYOR.

getafgrip: You are not my Professor. I state that 1987 Stock Market Crash causing a severe recession. Yes, we were in a recession before crash happened but did not actually know it. No glib statements here as you say about me. You are aggressive in your wordings. You come out with stated facts anyone can look up & trot out your opinions that I don’t entirely agree. Then you can’t stand it when someone disagrees with you & come down hard like a spoilt bratt. It is true worldwide economic growth is slowing everywhere. You are too focussed on the U.K. The Bank of England Governor stating possible recession later on in the year & everyone knows that. Shell, BP are global players and operate in global markets and so what happens elsewhere does affect them.

I can see Brent price rising on supply concerns, restrictive supply & big Summer demands . Indeed it’s starting to edge up. The Stock Markets reflecting on lower economic growth everywhere but still growing! The Fed’s aggressive interest rate stance is priced into the market I would hesitate a guess, 0.75% or 1% next move. Investor sentiment is driving the share price charts with new news, so the share price charts are a useful tool but real world sentiment is greatly informative. So like usual an overreaction. Shell has the firepower to generate higher cash returns. Shell shares should rise,

If go back to oil market fundamentals now. Oil prices will recover to what is happening now, near term. Recession fears are exactly that fears in the future. Markets are factoring in worst case scenario. So perhaps over-reaction on near 5% drop in Shell’s share price today.

Hitting supply, Libyan oil output has collapsed to 100,000-150,000 barrels per day (bpd), a fraction of the 1.2 million bpd seen last year.

That is hitting already tight supply, while the International Energy Agency said it expects demand to rise further in 2023, growing by more than 2% to a record 101.6 million bpd.

Over 3% SP fall. Shares test lows for today maybe. Hoping shares go up. Today bought more shares at 21.96p. Brent not fall big amount. See what happens

As I suspected 2200p below maybe. Short term Shell price uptrend is reversing. Oil price moderating lower as Fed yesterday cut US economic growth by half. Then more aggressive interest rate rises to follow.

I agree a tax cut or investment incentive will likely ramp up oil production. However all Governments need cash to help consumers directly. So Biden may want oil companies to pay a Windfall Tax or why say profit margins have tripled in his statement.