Shell Share Discussion Threads

[poikka] 13/3/2020 11:31

Going back to the difference in death rates:

"The death rate among confirmed cases in Italy is higher than in the UK. As of 12 March, the mortality rates among detected cases were 1.4% for the UK and 6.7% for Italy.

Prof Whitworth believes a higher death rate in Italy could mean that the observed cases contain a larger number of sicker patients. Italy has an older population than the UK, and the effects of Covid-19 infection have been more serious in older people.
That puts more pressure on services.

The alternative explanation for the higher death rate is that Italy's is an overwhelmed health service."

[bennodean] 13/3/2020 11:28

Oh do me a favour. Missed what boat ? Why wouldn't you buy here if you intend to buy at all ?

I'm in much higher up and content - that's different to happy, but i'm not losing sleep over it.

As the poster above said, I watched 2008 get away from me and countless other times and I've made a decision I don't have too many tomorrows to build a decent income portfolio. Wasn't this going under with BG deal in 2012?!

Yes everything might go lower and yes divs might get cut but at >10% yield currently, I can stand a 50% cut and still be like a pig in muck.

SHELL ain't going bust.

Vaccine is now only 10 months away... and without wishing to be morbid, at current rate of deaths that's about another 30k -50k! Even if you triple it it's only as bad as a seasonal Flu outbreak.

Get an effing grip.

#Rant over#

[pratt2] 13/3/2020 11:18

Missed the boat here?

[hernando2] 13/3/2020 11:15

Well i though that after the 2008 crash, sat on my hands and watched the market run away from me and then i waited for the retrace that never came, I think this will go back to 15 and then people will think when will i buy?

Drip feed in IMO

I have been buying, here IMB, LGen, Aviva , HSBC last few days

[dandu69] 13/3/2020 11:13

Thanks all wise words as always

[zho] 13/3/2020 11:11

dandu69

>>Anyone see what Dow futures look like?>>

[sarkasm] 13/3/2020 11:00

Dow futures erase earlier losses, point to opening gain of more than 700 points
Published Thu, Mar 12 20206:05 PM EDTUpdated 35 min ago
Yun Li
@YunLi626
Eustance Huang
@EustanceHuang



dandu69
13 Mar '20 - 10:52 - 11008 of 11010
0 0 0
Anyone see what Dow futures look like?

[fardels bear] 13/3/2020 10:55

Quite. Hit the nail right on the head there. I am on my sofa quite literally sitting on my hands. Well, apart from typing this.

[supermarky] 13/3/2020 10:52

Excellent post and insight. Thanks

[dandu69] 13/3/2020 10:52

Anyone see what Dow futures look like?

[fjgooner] 13/3/2020 10:42

SA and Russia may well wish to kill US shale production.

But it won't happen.

Sure, a prolonged price war will kill many smaller and mid-sized US shale companies. But those bankrupt companies' acreages and assets will be hoovered up cheaply by the super majors, including Shell, who have the expertise to bring break-even costs even lower.

If that turns out to be the end result of the childish schoolyard spat between the inexperienced Saudi prince and the Soviet KGB Lieutenant Colonel, then I'm all for it.

[supermarky] 13/3/2020 10:31

interesting to see if gains stick today or if we have a risk off sell off into the weekend. Goodness knows what mayhem the media will churn out in 2 days of the weekend.

[32campomar] 13/3/2020 10:28

Absolutely Spot on. Never ever buy on an up day in these conditions. Wait for the next down leg.

[volsung] 13/3/2020 10:25

The Russians are loving this. They get paid in dollars they pay roubles in their own country. This could last for years

[poikka] 13/3/2020 10:22

I wrote that increasing production while demand slumps is madness. There is, however, the theory that SA and Russia are out to kill US shale production. Open to points of view here, folks, but mine is that if that's what they're up to, then they seriously underestimate the ability of the US to bounce back. Added to that, they're weakening their own economies at the same time - well, mainly the Russian economy.

I'd also add that if that were their grand plans, then why would OPEC want, and offer, to cut production by 1.5mbbls/day? Even Russia would have gone for a 500kbbls cut.

[supermarky] 13/3/2020 10:21

I'm certainly not drip feeding any money into this market on an up day.....if indeed this remains an up day.

[crossing_the_rubicon] 13/3/2020 09:41

"Poikka12 Mar '20 - 18:13 - 10925 of 10997
Thing is, what fiscal expenditure would work in the short term?"

Give everyone £1000 on proviso they spend it all might work...

the whole issue now is many people have reduced their consumption down to what is necessary, rather than what they fancy.

Restaurants/takeaways getting hit hard I'd wager.

[fjgooner] 13/3/2020 09:40

From Bloomberg:

UniCredit SpA, Telecom Italia SpA, Banco Santander SA and Telefonica SA are among the companies that will be protected by the short-selling ban.

Both benchmarks rose at least 3.3% as of 9:33 a.m. in Milan on Friday.

(My note: it looks like the Spanish and Italian short selling bans are for Friday only so far.)

...

Short-selling restrictions were also put in place for some Asian markets, with South Korea’s Financial Services Commission going the furthest by banning short-selling of shares listed on Kospi, Kosdaq and Konex for six months.

[sarkasm] 13/3/2020 09:35

Dow futures erase earlier losses, point to opening gain of more than 600 points
Published Thu, Mar 12 20206:05 PM EDTUpdated 7 min ago

[andy flower] 13/3/2020 09:17

My first ever purchase in Shell. Too good to miss the opportunity (I also have BP because I work for them).RDSA & RDSB sitting 4th and 5th respectively in div yield of the FTSE100 companies.