It's refreshing to read some positive news for a change, however, the divergence is sp between say Shell and others is such that there is still a lot of catching up to do.
Maybe wishful thinking, but crude trading above $65 plus and elevated gas prices for the second quarter, all flowing into the war chest, the next financials should indicate a much improved fiscal position? So let's hang on in there!
So, there's no bid from Shell, but at least we know where we stand. A big consolation is the relative strength of commodities, especially Brent, now trading above $67, all of which will feed into the bottom line.
With Brent trading above $67 and has been in recent weeks, the sp appears to be ignoring the resultant revenues. Afew months earlier when Brent was around $55 to 60 the sp price was around 390p, something not quite right here?
Oil and gas prices are, of course, important to the valuation of the business. The volatility of the SP, especially when oil prices ease, appears to have its own momentum. Not sure there is any rationale here?
Futures trading up only 1% at 6.45am which is surprising given the events over the weekend. Will the sp regain the near 2% loss on Fridays trading? This stock is a hold for the medium term. Imo
Oil and gas prices trade above all consensus estimates currently, volatile yes but at these levels the coffers are filling up. The news feed for potential projects and hence revenue also good.
A very muted reaction - Castrol sale.23 May 2025 16:20
Is there a deliberate policy to keep the sp down? There have been numerous calls to start selling assets as the sum total of assets not reflected in the sp/valuation. So here we are a major asset in the region of 10 billion, not even a blip! - frustrating!!!