 The battle between Labour's pro-growth wing and the net zero zealots rumbles on. Last week, it was Heathrow expansion-when Rachel Reeves, desperate to prove her economic credentials, threw her weight behind a third runway. Ed Miliband and his eco-warrior allies weren't happy then...Now a fresh row deepens the divide in the party, as Reeves and Starmer are gearing up to give the green light to the UK's two biggest offshore oil and gas projects-Rosebank and Jackdaw. The boss of energy giant Equinor has already warned Miliband that blocking these developments would wreck the UK's reputation with investors. That's not just hot air...Miliband has in the past slammed the Rosebank licence as "climate vandalism". Meanwhile, the Labour Growth Group-a group of mostly New Labour MPs pushing hard on housing and infrastructure-are said to be against the oil developments. Some backbenchers are fuming, saying "This is a line in the sand for almost everyone in the PLP," and "a breaking point for a lot of us" as more grumbles about U-turning on manifesto pledges sow deeper divides. If Reeves and Starmer override Ed again in pursuit of the almighty G-word, it could be his breaking point......order order |
Always seems when US markets open |
Anyone know why the sudden drop this afternoon? |
A player sold 16m shares today/yesterday not ideal but out of the way at least |
Oil stocks set to rise this week |
If EVs are worth having, they will sell perfectly well on their own merits, without the Government having to guarantee anything, or set any targets or quotas....Daily Telegraph |
Ann BellThe billionaires can afford to embrace the "green policies" comfortable in their mansions , palaces, reflecting on how well their speech was accepted by their new friends at the WEF. The audience returning to their homelands in their PRIVATE JETS, whilst telling the rest of us to save the planet, use the green policies they have spoken so eloquently about.Unfortunately many of us cannot afford to TURN our heating ON, but must continue to pay the index linked increase service charge, for the PRIVILIGE of using the utility company. The GOVERNMENTS push to increase the change to "GREEN ENERGY" is at the cost of many PENSIONERS having the WINTER FUEL payment withdrawn ....Daily Telegraph |
#mushrooms. spud |
Unbelievable that the petition to Parliament to restart issuing licences and save the North Sea oil and gas sector is struggling to get any traction.Only 2200 signatures so far.It takes less than a minute to sign https://petition.parliament.uk/petitions/707101 |
Do wonder if we'll ever break and go beyond 30 squid while listed here. Hard to see personally. Especially with an oil hating government for the next 4 years (as well las the last 20). |
To be, or not to be?USA or not USA? |
FWIW :- UBS raises Shell price target to 3,150 (3,000) pence - 'buy' |
I'm pleased to say I didn't. Accumulating sub 26 was a bargain. GLA. |
I called that very wrong last night I'm pleased to say ;-) |
I well understand investors who want income to take out and use somewhere else will be disappointed with the pace of dividend increases.
But for investors looking to compound Shell remains an intriguing and probably compelling mathematical model if you believe O&G will remain relevant and roughly as profitable for the next 10years or more.
Roughly Shell has bought back 2billion shares over the past 5years ,lowering shares in issue to currently just over 6 billion.
If Shell can continue with the buyback at current levels for a few more years investors who reinvest they're dividen ds will find themselves owning a much higher % of shares in issue in 5years times ,which at some point will drive a significantly higher shareprice if the business remains as profitable as it is now. |
Hear hear. Still getting a better return on cash from my Chip account than dividends here.spud |
Hope there's more growth than BP given the still rubbish div (compared to before) and the zillions spent on buybacks! |
Because I've been building my stake in Shell and am always happy to squirrel shares away while the mob invests elsewhere. Happy about the div increase. |
Makes the Future Dividend over the next year. 143.20 cents. At GBP/USD of 1.2450 = 115p. So current yield 4.43%. Still away to go to match the yield of BP at 6.2%.But probably more growth in SHEL, than BP. |
Good post, also another 3.5bn buyback starts today, debt levels 5bn lower than a year ago & with interest rates falling in Europe today & England next week should provide a decent attraction for investors |
$0.358 Q4 2024 dividend vs $3440.344.3Q 2024 dividend 4% uplift almost
28.8 pence at todays XR
Q3 was 27.03 pence
If $ rate remains same as today it’d be a 1.8p uplift which is around 6.6% |
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