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Indeed. Plus the fact that $40 oil (again with the short term-ism) is in the midst of a crisis not seen since ww2, so once the world comes to terms with this, planes start flying again (which they will long before the world stops needing oil) and the world growth engine jump started, oil should at least pick back up to $55. Who knows what the average price will be over the next couple of decades, but its also nice to know that OPEC certainly have no desire for oil to stay at $40 long term as they have fiscal problems of their own too, and are far too reliant on the stuff at present. But with US shale BEP at between $50 - $55, this should act as a natural floor as rigs shut down when $50 approaches, and ceiling as rig count increases if oil price ahead of itself. Of course there are many variables and this very simplistic view does not take into consideration world growth rates, speed of renewable technology advancement ect, but the price of oil in normal times, a sensible guess would be avg around $50 - $65? Mabye technological advancement could bring the BEP of shale down, but i am assuming world demand could offset this?

I agree the price of oil & shells successful transitioning into renewables are very highly correlated, and a long term avg of $40 would not be great, but i really cant see the long term average being this low. We as investors should be closely scrutinising how shell uses every dollar made over the next couple of decades.

A lot of what you say of course is true char333. The whole world is messed up at the moment, but I try to look on the horizon and ignore the current chop, especially where shell are concerned. What amazes me however is that in the last 7 months the world thinks that we no longer need oil. Calling this sentiment kneejerk is putting it lightly and of course untrue. The saudi and russia spat will become cooperation when they realise (and it looks like they already have) that a low oil price is certified mutual destruction. Demand is still way way off but should recover if and when covid does.

Without a doubt oil companies have some very tough choices in the next 20 years. However all those things you listed are pure short termism...trump might be gone in november. We know oil cant be replaced for the next 20 years at the very least and the only reason I am here is that it seems RDSB are the only company embracing and actively seeking change into renewables and have an understanding of where the market is heading. BP finally get it but far behind shell in terms of plan implementation, and XOM are still in total denial. If my money was on any oil major to make a sucessful transition from oil to renewables, my money would be on shell as they have the scale, clout but most importantly the foresight and recognition as to where the energy market is heading and seem to be wanting change.

Well, I must be one lucky moron, and it keeps happening. How uncanny is that. Mabye it's time to follow the pros WAM? ;) Do remember to check in at the banks so I can rub in my 10%+ gains a little more. How many times has it been now? 5th time?

INFA didnt have a great day today....down over 2% despite the markets rallying across the board. Worse than IAG lol. Prospects must be very bleak there, the trend is DOWN. Hilarious.

Daft comment. What about all the BB clowns that spout nonsense to then dissapear when they are proved completely wrong? I think they outnumber the ones who actually got it "right" by quite a significant amount....whatever that means. So for you to call everyone here stupid for not listening to you about the SP dropping from 1300 to 900 or whatever is akin to calling someone stupid for not choosing the right lottery numbers. Daft dont you think?

It dont take a whizz to realise that all Oilers are on their arses for obvious reasons and the problem is not unique to shell. We shall see who is "right" 3 to 4 years down the line so put back your bunting and let things play out over proper time periods or you risk making yourself look like the fool.

And another gap closed. Next gap to take is results day which took it from 176 to 147. After that, its hello 200s.

Sell at your own peril like some on here did back in the high 120s-low130s.

Very nice graph shape. one of my favorites.

Hope you are following the pros on the banks and other stocks across the 250 WAM ;) you gone a bit silent elsewhere haha.

Follow the pros WAM ;)

A p/e of 40 and growing at 35% y/y is still crazy cheap for a growth stock. Imagine if boohoo floated on the us markets! Of course you will get the likes of the Guardian analyzing every word of the 200 something page document over the weekend and scraping the barrel for any negative point as many have pointed out. However this is the beginning of the end for this chapter of boohoo, and will very quickly fade over the next month to become a distant memory, and we should now be focusing on earnings/growth.

This could very happily sit at a p/e of 60-70 in the coming months as it historically has, excluding the covid effect on stocks like this. So depending on how much of a blowout the results are, i can see this popping, settling and then rising slowly up towards 600p. 1000p in a year to 18 months likely if growth and acquisition continues on present course. 400p is very likely in anticipation of results.

Best of luck all, and get that champagne on ice for Wednesday!

Really well done guys, especially those who held through thick and thin this past month. We deserve every penny!

400p is not if but when......

from the FTSE100 and 250 tomorrow is all that is needed to see this blast past chart resistance at 141p. If it goes, watch it fill the huge gaps at lightning speed as it re-rates. Now is time to sit back and watch those who sold in the 120's chase the lit fuse before it blows.

And with my last tranche at 111.6, i am feeling rather G right now. Am i thinking of selling.....er no chance! We all knew this was coming....

I agree 141 will be a big test. If we can smash through that, then we have a lot of gaps to fill on the way up! Why anyone sold in the morning on that news, god only knows lol. I suspect the same characters will be back in soon at a lot higher price than what they sold.

Bring on the new CEO. The fuse has only just been lit!

A lot are thinking it, I'm just saying it. A bit of US protectionism going on here giving US companies chance to catch up so trump can declare victory in the vaccine race? Or mabye I should take my tin hat off. As far as the UK authorities are concerned, the case is quite clear cut.

Must hold 100 to keep uptrend alive. A nice bounce off yesterdays close would be a nice indicator

Haha BANG.....and the trolls are gone. 110p thankyou very much.

Follow the pros WAM ;

Technically speaking from a short term perspective, we finally got the engulfing candle and the beautiful coshx parabolic curve on the right side of the day indicating a bottom for now....i would be surprised from a trading perspective if we didn't push on towards 110 now given the buying today and the 2 day media fueled panic-fest is over with a little more clarity in the markets.

For now, a nice 3-5% or more if you are lucky can be had trading this daily. Nice little earner, or a nice way to earn a few shares on the cheap. Its the way to play IAG for now. Boomtown if vaccine news is good. It will be the beginning of the end, of covid and these FTSE 250s will rip up and smoke the resident doomsdayers on here.

Follow the pros WAM. I'll keep you posted of profits over on INFA whilst that tanks ;)

Had to go out at lunch and set order at 95 to come back to this. Get in! Closed above 100 means one thing......hello 120. Grab the panicked shares whist they are still cheap.

Follow the pros WAM & co ;)

Also swiped some at 956, not as much as i would have liked but nevermind. I want to see a confirmation of an uptrend before committing another tranche, as i agree march low could still be on the table until key resistance is broke. Fortunately my avg is 1030ish so no worries there, and would love to get it sub £10, but at some point barrieprov no doubt shell will be £12 and hopefully far beyond.

For now, its about trying to catch the bottom of these waves and trading a little to increase holding for no extra cost. 20dma as marfthew pointed out is the key one to watch out for as a strong break there could be the start of a run up.

As whatamess quite rightly reminds us all on other boards, lockdown imminent. That recent asset is looking less and less attractive each day and companies increasingly looking to cost cut and make do with what they already have. Not forgetting the massive dilutionary tranches upcoming to pay for said asset. Looks like another political scam sucking in naive private money, promising looser regulation and aid when in reality just desperate to get people into work with very little, if any profit for yours truly. In business, the first rule is never trust a politician! The directors seem to have forgotten this. Of course all well and good if INFA investors are all socialist activists. Somehow I doubt that. Just another TATA steel. INFA are about 200 years late to the party re industrial revolution lol.

Not good times. Mabye I'll have to revise my 15p target to single digits.

Lol well thankyou mr market for the cheap shares

DJI rose 350 points from when FTSE closed lol, and FTSE futures are up....for now. Should open roughly a percent or so up as thing stand.