Shell Share Discussion Threads

[watfordhornet] 18/3/2020 19:53

Can't see it. Can see Saudi and Russia stretching this out to really see the pain on Trump and remind him that the West if quite fragile

[careful] 18/3/2020 19:49

Saudi, America, Russia.

They could fix this oil price by each agreeing to cut production by 1.5m barrels each.
But Trump, Putin, Saudi being sensible, no chance.

[dandu69] 18/3/2020 19:36

Yes, tomorrow is certainly going to be interesting, although the oil price is starting to climb slightly at present. Looking to add if sub 800p.

[lukehold] 18/3/2020 18:53

Still waiting for 600p

[32campomar] 18/3/2020 18:45

Chevron is down 22%. So if oil remains unchanged then its reasonable to assume shell down another 10% at the opening from tonight's closing levels

[poikka] 18/3/2020 18:39

Bloomberg

"With oil plummeting near an 18-year low amid unprecedented supply and demand shocks, Russia finally admitted: crude is too cheap.


“Of course it’s a low price, we would like to see it higher,” Kremlin spokesman Dmitry Peskov said on a conference call, signaling for the first time that the country’s tolerance of low prices may be wearing thin. Yet he stopped short of reaching out to partners in the OPEC+ alliance as the brinkmanship between Russia and Saudi Arabia persists."

Surely only a matter of time now, boys and girls. No doubt that Iraq is also speaking on behalf of Iran, these days.

[32campomar] 18/3/2020 18:38

If there's no bounce in crude tonight, Shell will be on offer at £8 at the opening tomorrow. An incredible once in a lifetime opportunity.

[stockhunters] 18/3/2020 18:34

like most looks like oil sector will trend down until things start opening again

RDSB offers one of the best oil companies in the business sooner or later it will be back up again

[careful] 18/3/2020 18:28

Shell down 15% in America.

[watfordhornet] 18/3/2020 18:23

I would like to say that is absurd but given I have been saying that for last month it may well happen

[stockhunters] 18/3/2020 18:21

oil sub $20 -25% wowzers

never seen anything like it

[xxxxxy] 18/3/2020 18:19

At £5 will buy some more rdsb. Perhaps lots more. Buying opportunities like this are rare. For me anyway.

[frazboy] 18/3/2020 17:55

Yes, I think that's why the ftse is holding onto the 5000 mark.Norwegian Krona is getting hammered as oil collapses. A little surprised that the Euro is so (relative to the pound) strongImporting inflation would be a concern but I am hoping that Sterling will stabilise.

[montyhedge] 18/3/2020 17:49

The pound looks like going 1 to 1 with the dollar that surely is good news for the FTSE 100 dollar earners.

[waldron] 18/3/2020 17:40

Oil falls 23% in 3rd worst day on record, sinks to more than 18-year low
Published Wed, Mar 18 20208:16 AM EDTUpdated Moments Ago
Pippa Stevens
@PippaStevens13
GS: Oil worker Watford City North Dakota downbeat
A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.
Getty Images

Oil dropped 23% to a more than 18-year low on Wednesday as the coronavirus pandemic continues to sap demand for crude and as rising worries about a global recession lead to fears of longer-term demand destruction.

U.S. West Texas Intermediate crude fell 23.78%, or $6.41, to $20.55 per barrel, its lowest level in more than 18 years. WTI is on pace for its third worst day on record.

International benchmark Brent crude shed 13.75%, or $3.97, to trade at $24.76, its lowest level since 2003.

Oil is getting hit on both the supply and demand side. A slowdown in worldwide travel and business activity is weighing on demand, just as powerhouse producers Saudi Arabia and Russia prepare to ramp up production.

“The oil market is about to flood with surplus barrels,” Bank of America said in a note to clients Wednesday.

[waldron] 18/3/2020 17:39

Brent Crude Oil NYMEX 27.27 -10.33%
Gasoline NYMEX 0.65 -9.53%
Natural Gas NYMEX 1.62 -8.54%
WTI 22.21 USD -16.22%


FTSE 100
5,080.58 -4.05%
Dow Jones
19,576.75 -7.82%
CAC 40
3,754.84 -5.94%
SBF 120
2,949.24 -5.43%
Euro STOXX 50
2,385.82 -5.54%
DAX
8,441.71 -5.56%
Ftse Mib
15,147.39 -1.09%


Eni
6.694 -2.51%

Total
21.795 -13.34%

Engie
10.3 -0.05%

Bp
233.7 -9.99%

Vodafone
107.38 -0.32%

Royal Dutch Shell A
970.8 -10.11%

Royal Dutch Shell B
916.8 -10.66%

[spud] 18/3/2020 17:36

I have 11.1% (Brent). spud

[trader365] 18/3/2020 17:33

oil down 21%

[spud] 18/3/2020 17:19

I wonder if Trump will shut the NYSE for a period of time while this all plays out...spud

[stockhunters] 18/3/2020 17:19

oil -18% wow

think we see $15 before the virus oil carnage ends, should see governments step in at $15 aswell they must be sweating soon

RDSB might go towards 500p over next few months but you can bet it will be 1500-2000 in a year

You will not get a more rubust oil company than Shell (not that I can think of maybe some of you can), much more cash on the books than BP for starters

[32campomar] 18/3/2020 17:06

Trading halted S&P falls 7%. Dow down 1600 points. Where will it all end