Shell Share Discussion Threads

[disc0dave46] 07/9/2024 12:56

Yes the RSI.
Wouldn’t disagree. What’s the RSI for Brent?, 32?.
Each to their own I guess.

[netcurtains] 07/9/2024 10:46

You mean the RSI....
The more important underlying statistic is not Shell's RSI but the RSI of crude. Is crude oil too cheap at present? Or is demand faltering slowly as more and more people globally switch to electric (especially in China with its massive electric car market)?

[disc0dave46] 06/9/2024 17:34

Technically now in oversold territory, last time that happened was January.

[philanderer] 06/9/2024 16:48

And tonight's close...

Oil majors also struggled as Brent prices eased. Shell fell 2.3% and BP slipped 1.5%.

Brent oil was quoted at $71.50 a barrel at the time of the London equities close on Friday, slumping from $73.01 late Thursday.

[xxxxxy] 04/9/2024 13:58

Volvo has ditched plans to sell only electric cars by 2030 amid waning demand for battery powered vehicles.The Swedish carmaker blamed the move on changing market conditions, amid fears many of the public continue to prefer petrol and diesel models. ...Daily Telegraph

[xxxxxy] 04/9/2024 11:56

9:49AMLabour's windfall tax rise will harm UK investment, warns Harbour Energy bossLabour's plans to raise windfall taxes on oil and gas producers will damage the UK's ability to attractive investors, the boss of Harbour Energy has warned. Linda Cook, chief executive of Harbour Energy, the biggest oil and gas producer in British waters, told the Financial Times:"The thing I scratched my head about the most [was that] everyone understands that the UK will need oil and gas for many years to come, so why don't we seem to want to use our own? It is better for investment, for energy security, for tax revenues, balance of trade and emissions."Ms Cook, who previously criticised the windfall taxes when introduced by then chancellor Rishi Sunak in 2022, said the fiscal regime in other countries where Harbour Energy operates will be "more attractive"....Daily Telegraph

[jrphoenixw2] 04/9/2024 09:30

Sums up the current politics of the UK O+G policy:
'Linda Cook, chief executive of Harbour Energy, the biggest oil and gas producer in British waters, told the Financial Times: “The thing I scratched my head about the most [was that] everyone understands that the UK will need oil and gas for many years to come, so why don’t we seem to want to use our own? It is better for investment, for energy security, for tax revenues, balance of trade and emissions.”'

[philanderer] 04/9/2024 08:35

$72.69 new low for 2024

[supermarky] 04/9/2024 08:22

Still well within the 3 year chart upward trading range.

[philanderer] 03/9/2024 23:31

Hanging by a thread @ $73.66

This has recession written allover it.

[philanderer] 03/9/2024 17:41

Market report..


In London’s FTSE 100, a further drop in oil prices weighed on index heavyweights, BP and Shell, down 3.3% and 2.5% respectively.

Brent oil was quoted at $74.19 a barrel at the London equities close Tuesday down sharply from $76.92 late Monday.

Goldman Sachs cut its copper forecast citing shrinking demand in China.

‘China data this summer suggest weakening cyclical support to commodity demand, and to oil/copper in particular,’ the investment bank said.

[philanderer] 03/9/2024 12:08

Brent oil was quoted at USD75.66 a barrel at midday in London on Tuesday, from USD76.92 late Monday

[philanderer] 03/9/2024 09:14

No sign of the downward price of oil turning up. South again today.

[xxxxxy] 02/9/2024 17:24

Andrew WilsonUntil the real successful businesses declare an end to the eco-lunacy, the western economies are stuffed. Whilst the rest of the world is laughing at the stupidity.A brief glance at this early 2023 article, which wasn't challenged in terms of factual accuracy, as far as I can determine:https://dailysceptic.org/2023/03/07/lets-all-play-the-growth-vs-green-game/...Daily Telegraph. ...the link really is worth a read.

[xxxxxy] 30/8/2024 18:24

Milliband...Tom UrquhartHe's a fully paid up member of the green cult, basically a fanatic. Added to that he has no understanding or interest in the real practicalities of energy supply and engineering. And finally he's pretty thick and a narcissist. As sure as the sun rises, this will lead to blackouts, deindustrialisation, increasing energy poverty, and reduced tax revenues. But hey I can prance on the world stage what do I care....Daily Telegraph

[xxxxxy] 30/8/2024 18:21

R CSSociety goes through periodic episodes of madness. The South Sea Bubble and The Darien Venture spring to mind. Then there were Witches, Alchemy and the Crusades together with moral panic and irrational exuberance.We are currently going through a period where genuine science has been abandoned and panic has infected the populace. The fact that predictions do not conform to reality has no effect on the deluded who have a religious conviction that abatement of the small proportion of CO2 emitted by society will return us to the Garden of Eden....Daily Telegraph

[jrphoenixw2] 30/8/2024 16:28

Above earlier^:
'p.s. the low yesterday was 2670.5, that's a level to watch this pm, just in case...
----------------------------

It did breach that briefly, just after 3pm, I/day Low of 2669. Good job it managed to haul itself back up and close above. Fingers crossed it stays that was next week...

[jrphoenixw2] 30/8/2024 16:23

From this pm...
'
Market prefers Shell to BP as investors turn increasingly sceptical of net zero focus. Shares in Shell are outperforming those in BP, amid concerns that the latter is too focused on low-carbon businesses such as offshore wind.

BP shares have fallen 7pc over the past six months, while Shell has risen 10.4pc. Bloomberg reported that BP has been hit by analyst downgrades, unexciting earnings reports and an impairment linked to a refinery in Germany.

Despite relying on oil and gas for its profits, BP has been shifting towards the likes of offshore wind despite the sector not currently delivering strong returns.
Shell, under its new chief executive Wael Sawan, has dialled back on renewables and put a bigger emphasis on oil and gas.

Allen Good, an analyst at Morningstar Investment Services, said: The differences in these strategies is driving a preference for Shell over BP. He cut his rating on BP to “hold” from “buy” this month.

[chiefbrody] 30/8/2024 14:43

Don't seem to be buying back any more shares per day, than say a month ago. Despite the 5% odd share price fall. Guessing their spend per day has reduced a bit.2 more months of buybacks though so share price gotta bounce sooner or later. Unless the oil price keeps falling/recession coming.

[supermarky] 30/8/2024 13:53

All out of love at the moment

[philanderer] 30/8/2024 13:29

Oil price heading south again.