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Good day today.. No idea why the chat system goes down on such dayz.. I am a bit surprised BP held bettar then RDSB.. Nonetheless vaccine news is the best news of 2020 so far and there will be far reaching consequences ( +ve )..
Would be interesting to see how all the tech stocks behave on the US side later today..
Wonder what all the numpties are thinking who sold under 9£.. Ftse 160 pts up
Ok Ok. Pfizer vaccine news out.. 90% efficacy. Thats some good news we were expecting.. back in the right dir now
Hi prussell1963. Not sure anyone can give you a definate date for when Shell will be back up to 2£ +. In my humble opinion it all boils down to financials and how quickly Shell can start making more £'s. If we get a vaccine and the world starts getting bak on planes by mid next year. Shell's profits could suddenly jump. Oil above 50-55$ can really come on the back of explosive demand next year. The whole world and their dogs have been locked in homes for a long time. I know I wouldnt be ordering into Amzn next year but would rather go back to shops and out about.. IMHO Shell could end the next year more clost to 20£ then 10.
Key thing to note is its not about upstream business only, its the end to end integrated delivery where there is hardly any parallels to shell ( with access to 30 million customers daily - many of them within a mile of shell station)
Biden will come in January. It will take Iran minimum of 12 months to add more oil to market if he looses restrictions on Iran on day 1 ( which is highly unlikely). Hez said he wont stop Shale or fracking business but i am sure he will dither on any shale expansions ( due to his pro env creds). In the meanwhile I have been watching this daily
To remind myself of why I am invested in Shell.. as Ben says Shell is in a unique position today where many of First Solars ( or likes of other hyped esgs) want to be in decades to come.
https://youtu.be/OtCr6GkOPh0
Shell & BP are classified as mega organizations. Both of these orgs and especially Shell have built ( over 100 years ) huge infrastructure and supply and delivery chains. I just wonder how long will it take First Solar to build that level of infrastructure and supplier relations all the time maintaining good profits. If anyone has the chance to transform the energy sector all the time keeping good profits its Shell and BP. If they fail, I have zero hope of other tiddlers.
The momentum in the market feels different. Are we about to get vaccine news..
Few paniy joes sold early on.. I dont see either of candidates being too much bad news for oil and RDSB. Its mainly about COVID and demand in short to mid tern. we need vaccine efficasy reports to really propell this
Those getting in under 10 are luckly . Just a few months ago. no one would have imagined this kind of price for Shell. Keep in mind that for several decades Shell was the most valued company in the world.. how times have changed..
10.75 seems optimistics. Lets hope we cross 10 and get above the downwards trend..
I believe markets were ahead of the 2nd lockdown and hence had been falling along with RDSB for few months. Now the news is in, MR market has started looking at Q1 2021.
Not sure whats going on. Can we get pfizer updarte this week ?
Not ideal. Next week could be a massive yoyo i think. Any news from pfizer towards the end of week could swing eveythg around. Also notice that india and china and many asian economies are open now unlike spring.
Is this a bounce back. Its well overdue
Hi Poker. Fair point. I am sure Pfizer are lot more concerned about distribution then us. Its their money on the line. 2Billion$.
https://www.fiercepharma.com/manufacturing/pfizer-designed-new-container-and-plans-to-tap-shipping-companies-for-covid-19
SP is forward looking. perhaps a month or two ahead of oil. If Pfizer provides a +ve indication next week, the momentom can shift massively here..
Totally agreed. It makes sense to reduce liabilities & debt in this environment. The current . They have mentioned Share buy back next year which could be a really trigger for SP growth
Added some more today. Just couldnt resist. Avg still above 10:50 but the result today was good and board has laid a clear path forward. If it was normal times, we would have had a lot bettar day..