Shell Share Discussion Threads

[elmfield] 08/12/2015 19:36

Squeeze till the pips squeak.

[dukedosh] 08/12/2015 18:47

This is well worth a listen:

It'll be elephants charging keyhole when money is back in oil: says Eric Nuttall, Sprott Assett Management on BNN today

[montyhedge] 08/12/2015 18:05

Saudis want oil as cheap as possible for 2 years, to make the U.S. Shale companies go bust.

[careful] 08/12/2015 18:00

how can the Saudis go for the jugular?
you should not believe such propaganda and try to understand the numbers.

total world daily production about 94m barrels.
OPEC production 31m barrels
The rest 63m barrels
Saudi alone(part of opec) 11m barrels.

if OPEC reduced by 2m barrels/day the price may rise, but the others would pump like crazy to profit from it and invest in new wells.
Saudis are trying to negotiate with the others including Russia.

beware being short, this could be fixed with agreement. just 5m barrels/day reduction between the lot would send prices through the roof.

[nigthepig] 08/12/2015 17:37

That master analyst Monteyhedge going for the jugular.

[montyhedge] 08/12/2015 17:08

Saudis going for the jugular.Put everyone out of business, who's costs are most than price you can get.$29 coming.

[enturner] 08/12/2015 10:22

Surely you mean a 'straight face'? Good volume and testing of the lows. Two of my favourite criteria. ?

[my retirement fund] 08/12/2015 09:43

? - please explain promise i'll keep a strait face

[enturner] 08/12/2015 09:41

Nice early volume. At these levels (and return) this is surely worth considering long term. Any short term downside is acceptable to me.

[muffinhead] 08/12/2015 09:36

banks are showing distress

credit defaults on commodity complex?


Deutsche Bank and Footsie banking index showing similar weakness
? head and shoulder spill coming for Deutsche Bank

free stock charts from uk.advfn.com

[montyhedge] 08/12/2015 09:18

Looks like next down leg coming.

[montyhedge] 08/12/2015 09:13

1285p my target if dividend passed.

[redartbmud] 08/12/2015 07:40

Yes, but they have huge annual expenditure required to run the country. They will have to borrow in order to do so.

[wllmherk] 08/12/2015 07:36

that is the problem 84stewart, they can. They have huge cash reserves.

wllm

[84stewart] 08/12/2015 07:03

saudies are trying to push out shale oil producers but at what cost,it is hurting them they cannot sustain a low oil price for too long

[fjgooner] 08/12/2015 01:50

moneysage,

Give me £14.25 and I'll bet the farm long on RDSB and also take a charge on The Ancestral East Wing for the season. :)

Both the commodity and stock market spivs are creating some amazing value buys in this sector - at least for the fully integrated energy giants, rather than the pure oilers.

Despite having a sizeable holding at a paper loss at 15.20ish, I'd be content to see a price around 14.25 to give myself a nice present just before Xmas.

RDSB's share price in 2020 is of far more interest to me personally.

[chairman20] 07/12/2015 22:59

capitulation soon or already here?

[moneysage] 07/12/2015 22:56

with talk of imminent central bank interest rates increases, I'm afraid the US $ is looking strong and getting stronger.....this will add to the downward pressure on oil.

Think these could easily fall further to around £13-14.25 range.

Just buy and hold and enjoy the divi in the meantime - even if its cut its juicier than money rotting in the bank!

[diku] 07/12/2015 22:54

Because its a casino...

[badtime] 07/12/2015 22:46

A lot of fingers being waved in the wind

[diku] 07/12/2015 21:59

The market will force RDSB to cut divi....that is markets personal agenda....similar to what they did with bank shares...

[fangorn2] 07/12/2015 21:23

What Monty fails to consider is that gearing for Shell, Chevron is comfortably low.Circa 15% odd so the company can borrow their divi for the next couple of years, and still have manageable gearing.

Factor in the extensive cost cutting and massive improvements in efficiencies since the bear market, and once POO starts rising again profitability at the major IOC's will soar.

Demand/Supply equation POO side moves in favour of former mid next year onwards.And the impact of $250-300bn Capex cuts has yet to be quantified.

BP will cut their divi long before Shell imo.

[dunns_river_falls] 07/12/2015 21:13

Never cut its dividend... that is a record they wont let go easily.

[imperial3] 07/12/2015 21:12

7.91% yield at this price! From memory,did they say the would hold the dividend going into 2016?