4.7% DY plus handsome buybacks are well above the ftse average |
SHEL, Needs to pay more Dividend. Around the same as BP. ! |
Gas up a huge 13pc right now and consolidating highest Q on Gas prices for last 8 quarters. Given London Shell has 15pc of the World market & 20pc of World trade going through its trading desks this should make interesting reading in the Q4 update pencil note out prob next week? |
 Questions to Mr MilibandDecember 27, 2024 127 Comments1. Why do you insist on stopping new oil and gas from U.K. fields? It means more imports which raises world CO2 especially with LNG, slashes tax revenues and loses us well paid .jobs2Why do you insist on high fines for each additional petrol and diesel car sold by U.K. companies when you can import a nearly new vehicle from abroad to get round the tax? Why do you want to force the closure of so many U.K. factories making petrol and diesel cars whilst overseas competitors will carry on making them?3. Why do you want people to buy battery cars? If I did buy a new one lots of CO 2 would be released making the raw materials and vehicles. I would plug it into a grid unable to supply more wind power so you will need to burn more gas in a gas power station to recharge it. Silly self defeating idea.4.Why do you tell us renewable power will be cheaper? You have to subsidise renewable investments and give them priority over gas fired electricity. You need to account for the costs of a big expense on more grid capacity and on stand by power.5.Why do you tell people and businesses to switch from gas fired heating, when electricity is four times the cost per unit of energy? Low income households will be unable to afford decent temperatures and factories will be uncompetitive and close6. What is your estimate of the total cost of getting to net zero CO 2 from electricity generation by 2030. Will we pay through higher bills, higher taxes or both?7. How will you stop CO 2 from jet planes taking you and others on holiday or to international conferences and work meetings?8. When will all government owned, financed or subsidised vehicles be battery ones?9. Why go ahead with carbon capture and storage? It raises industrial costs, driving more out of business. It is opposed by many Greens.10. Do you want us to import most things like petro chems, steel, glass ceramics that need lots of energy to make? That adds to world CO 2 whilst losing us many jobs......John Redwood |
John Redwood@johnredwoodThe TUC are right to warn the government that their extreme net zero plans put too many jobs and communities at risk. Speeding the run down of U.K. oil and gas, petrochemicals, oil refining, steel, most car making and much else is a bad idea. |
Covid- 2years no commercial aircraft in the WORLDS skys ,no cruise ships,industry crippled,(China 3years) .Now "experts" say Climate change is worse than ever!!!!LOL
Climate has not changed since the end of the Ice age 8,000 years ago ,or the ice would have returned.Warming not due to man!!!! |
Renewable Energy - an expensive scam
The analysis done by David Turver on Substack is proof that Renewable Energy is vastly more expensive than oil and gas and that it is completely uneconomic without receiving the vast subsidies that cost UK taxpayers and UK industry billions of pounds in wasted expense every year.
Eventually the UK will have to face the economic reality of this huge Renewable Energy scam and return to the only available sources of energy that are economic and efficient. And that is hydrocarbons and nuclear.
If this economic reality is not faced, the UK economy will continue to stagnate and eventually collapse through excessive “green” energy costs and excessive taxation.
There is nothing to be gained from virtue signalling to the rest of the world about how “green” the UK is, if the economy is stagnating and eventually collapsing.
China and India and the rest of the world must be laughing as the UK intentionally destroys its own economy. |
IMO, I would say they're almost certainly offski.....the Shell/Equinor deal was a smart move...not only does it mean the UK Gov can't lean on Shell so much... it is also giving Norway state owned Equinor more negotiating clout with the Rosebank/Jackdaw fields.... |
The UK listing will remain as a secondary - The US (if it happens) will be the primary.
spud |
Do you think Shell separating/hiving off UK assets along with Equinor is not a big signal that they are looking to exit UK (and hopefully its listing on UK FTSE moving away)
Wishful thinking king or a clear message that Shell is preparing to foxtrot Oscar ? |
Good value here |
John Redwood@johnredwoodU.K. car output in November for the domestic market was down a disastrous 56.7%. Too few U.K. consumers want the new electric products government insists on.8:18 am · 20 Dec 2024 |
Getting hammered this week |
2m traded up until NY open7 million afterNew York is ALREADY the main listing |
Mad Ed has his days numbered
Sitting target |
cmon shell relocate to the US (take one for the team), we need some giants to leave the LSE. only then we will see policy change. |
Watch ....Freezing this Christmas...https://youtube.com/watch?v=vXKVPVbbDAk&feature=shared |
Crude oil prices dipped on Tuesday as traders await the U.S. Federal Reserve's decision on interest rates, due out on Wednesday and as bearishness prevails after the latest data out of China.That data included stronger-than-expected growth in industrial activity in China but it was accompanied by slower-than-expected growth in retail sales. This basically failed to change the dominant sentiment on oil markets, with a profit-taking session following last week's price jump extending into general bullishness....OilPrice |
I'm shell shocked at the sp |
FWIW :- Jefferies raises Shell price target to 3,200 (3,100) pence - 'buy' |
Adg - They'll just move the main listing to NY, keeping a satellite London listing.spud |
London Stock Exchange suffers biggest exodus in 15 years as former boss sounds alarm
spud |
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