Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Fair Value in current market I believe would be around the 2600 mark....esp. Now with Brexit and the imminent appointment of new PM. If PE firm still looking then 2800 well within reach.
On currency moves, divi outlook and Brexit follow-up IT looks as though WOS may have another 3-4 % to go by EOB Thursday.....
Brent rising so looks as though 21 in reach within 24 hrs, if price holds thru until Monday will more than likely reach 22 early next week.
More to go here if you consider $ £ iexchange rate and asset values.
Looking at pound v dollar and rest of european markets it looks as though RDSB has a bit more to go today......
Future earnings look good and with £ likely to dropped yet more WOS looks good going ahead and one off he better shares to have in current climate.
Looking more likely Holland then France will push for vote on EU membership...if this results in an exit by Holland Shell should be ok, if France comes out then Shell should benefit. Monday should be interesting for companies paying divi in USD, likely a small dip then a lift.....GLA.
Earnings in USD should see this one go against the flow over the next few weeks....with at least anther 50p.
Expect a lift here with £/USD rate of at least another 45p and if £ drops to 1.30 then could go another 20p. All in all divi making this look better all the time.
Looks good for the ISA with good chance of seeing hi 15 sooner rather than later. Pound v Dollar rate should help no end.
With Central Banks doing a better job than with the last upset and Saudi Oil Minister easing tensions in the market, it all bodes well for Shell....one of the better shares in times of uncertainty.
News out of the U.S. ( read global) indicates there will be a shortage of engineers/technicians available for well completions- work overs - new developments by year end, these being needed to maintain current production rates. Rigs will require to be de-mothballed soon to ensure availability of assets for future deep water exploration projects 2017/18, Rig Owners will more than likey postpone start-ups until contracts on table and signed, not something any Operator will go for, hence shortage of good rigs and crews high likely moving ahead.....all adds to the pressure of available product.
Looking at brokers thoughts on price I think GS pitching it at 19 is a bit far fetched, SOC Gens at 14 is highly likely very soon, with a Stay vote Thursday can see this reaching 15 by end 3rd qtr. Divi also looking safe for the long run.
80USD flagged by one Analyst in U.S. on basis of tighter supply at year end.....if it gets to this level £22 will be well in sight.....even a vote for Brexit will not impact on this in med term.