Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Even with the higher oil prices, 60% of free cash flow will be returned to investors via buyback, wouldn't leave much for a divi increase. Since we're in a transitional period it would be crazy to increase the dividend imo. I for one would rather it stays at this level for the next couple of years and invest in future green growth or pay down debt.
We've had it from the horses mouth that this is the new dividend level that it has been reset to. I believe the board expected cash flow to be neutral or negative this qtr with the disaster payments.
With the higher oil prices it does seem that we will have positive cash flow, but I imagine looney will stick to his word and return capital via buy backs as previously stated.
Just my opinion based on what he has actually said.
Mojo, shame your going but understand why. I stopped posting for the same reason. A forum where you can't share your views and reasons for your views without being attacked.
The board will be less balanced without you.
Good luck with your investments
This board isn't for me anymore. Good luck with your investments all. I'm out
People are arguing over guessing the share price for next week, constant insults and child like name calling, some questionable views regarding deaths of the no longer economically contributing elderly (many of whom have been in wars to give us the freedoms we have today). I'm all for reading different opinions even if they don't align with mine, theres a real lack of respect on here, but arguing over guessing the sp... really?
What has happened to this board lately, its becoming a joke.
https://news.sky.com/story/covid-19-uk-has-hit-a-dangerous-moment-in-pandemic-amid-warnings-vaccine-beating-variants-will-emerge-12323113 you'll have to sack the who as well
Smithy, so when Chris witty speaks of variants and whether vacancies remain effective he's just hollywood's for the media. I appreciate your opinion, but I too am entitled to an opinion. Any views on this board that don't involve an imminent takeover or price boom seem to be met with such hostility.
Playingtheodds, its definitely not a small chance it's! It's been stated that they expect a mutation as some stage to evade the vaccines. Its not a question of if but when. They good news is, it should be relatively easy / quick to adjust vaccines to compensate. The hard work getting an effect vaccine has been done. We'll thats my understanding anyway.
I'm hoping for 318 on open. Managed to keep my itchy fingers of the sell button yesterday, but I do think there is the possibility of a slight retrace if Iran agree a nuclear deal and oil sanctions for them are lifted.
That said my 2.91 prediction looks way off. Glad to be wrong though
Brakes*
If opec take the breaks off a bit, oil could take a hit this week. Maybe it would be prudent for them to maintain at current levels of output until we see what's happening with global variants and reopening of economies but I'm not so sure they will. Previously they have aired on the side of caution, but the reason for monthly meetings was so they can be more reactive and unpredictable.
Please copy and paste your entries in.
Closing date Tuesday 7.00am...
Wmmg £2.91
pasty £2.95
Razu 2.96
Winnerlot £3.03
Bugerov £3.09
Stuartmich: £3.10
Foxbat £3.11
JSB £3.12
Android £3.14
NSS. £3.15
45Bob £3.17
cw1966 3.18
JPWilliams £3.21
Moneyboy5000 £3.19
Stockready £3.20
smithy £3.23
SB £3.26
Sharefall £3.29
Spights £3.40
Mojo7865 £3.43
Mine helped me out, delayed my rebuy to get 305 instead of 308
Multinational oil company Royal Dutch Shell has been ordered in court to cut its carbon emissions in order to protect the environment from climate change.
The landmark ruling, thought to be the first in history of its kind, demands the firm slashes its emissions by 45% by 2030 - compared with 2019 levels - to bring it in line with the Paris Agreement.
Image:Friends of the Earth NL and other campaigning organisations brought the legal action on behalf 17,000 citizens. Pic: Friends of the Earth/Bart Hoogveld
The outcome has far-reaching implications for the global fossil fuel industry and could pave the way for further climate litigation against big oil.
The court ruled that the Anglo-Dutch energy giant has a duty of care to reduce emissions and that its current reduction plans are not concrete enough.
Shell's lawyers are deciding whether to appeal against the verdict. But even if it does, it must act on the ruling immediately, the judge Larisa Alwin said.
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The historic verdict was handed down at the District Court of the Hague against Royal Dutch Shell, in a case brought by environmentalist and human rights groups including Friends of the Earth in the Netherlands (FOE NL).
ARTICLE CONTINUES BELOW THIS ADVERT
The campaigners' lawyers brought the case on the grounds that Shell had breached its legal duty of care and violated human rights.
More on Fossil FuelsClimate change: Is this a 'day of reckoning' for big oil - and what's at stake?
Shell was the ninth biggest polluter in the world in 1988-2015, according to the Carbon Majors database.
Last year Shell committed to go "net zero" by 2050, which covers emissions from its operations as well as use of its oil and gas.
But this allows the oil major to rely on offsetting rather than pledging absolute cuts in emissions, meaning it could even increase fossil fuel production if it could offset alongside.
The campaigners believe Shell has "refused to take any responsibility" for "the destruction of our society and climate" which is why it has taken Shell to court to "answer for their actions".
The verdict comes on the same day that shareholders voted on climate proposals at ExxonMobil and Chevron, leading some green groups to describe it as a "day of reckoning" for big oil.
9 out of 10 traders lose money? Wheres your source please.
Also while we are on the subject of facts, you posted this the other week... what's this based on or just mindless ramping.
BP13 May 2021 12:01
takeover bid for bp imminent
I would get it if people were ramping or deramping to suit their own position but that's not the case at all.
Maybe your a sad little holder? So much jealousy on this board that results in name calling, its really surprising to me that if someone makes a good decision, it's met with hostility.
Well done mojo good trade
Have you bought back mojo? 311.7 atm
What price did you get mo?
Razu, ill jump in with 1/4 of my available at around 306ish. I think this could hit the 290s again so I'll have some held back for incremental averaging down.
Think it might jump a bit on US open, then the obligatory fall on close if she stays true to form. I still think there's potential for this to be shorted down a bit now buy backs have been concluded so I'm gonna stay on the sidelines and see what happens.