Soco Share Discussion Threads

[emptyend] 02/8/2017 16:01

...breaking records for low volumes, it seems.......

[armunro] 30/7/2017 14:44

Hum, well oil aint dead yet. Anyhow you still need lubricants, gas, heating oil, etc. Probably the death of oil is something to worry about 10 years from now. You can counteract the EV threat with developing nations buying lots of cars and less developed nations that don't have EV infrastructure who would continue to use petrol and diesel vehicals.

[buywell3] 30/7/2017 11:01

BP. are moving an increasing number of OIL assets

SHELL is now looking somewhat belatedly to moving away from OIL


I expect both will diversify into 'electricity provisions' in a number of ways to meet EV usage

As OIL assets are put on the block

In increasing numbers

By the bigger companies

The number of buyers that can afford them

Will decline

Thus without the bigger buyers buying OIL assets like they used to do

Only newer smaller recently floated companies with cash

Can afford to buy them as the previously hidden plans of BIG producers

Become apparent as first movers will get best prices as they sell

OIL assets are set to fall in price as OIL producers such as SHELL

Show their hand and buy into Electricity Provision assets.

Get ready before this xmas to see the first such MEGADEAL

dyor

[emptyend] 30/7/2017 10:35

Lauders,That was one of the more interesting links I've listened to for a while. I agree completely with his view on oil prices and the price points at which different types of production "work". In particular the comments on shale - and the vast amounts of debt in that sector. What happens when rates rise?.....I also think an oil price spike will happen in 2-3 years as a result of the underinvestment in recent years. How high? Who knows? But unless armageddon arrives soon and destroys demand then it will happen.Very interesting too on the central banks - though a bit too conspiratorial for my taste. However, the growth in government debt in recent years is surely a very worrying factor, especially when you realise that it is probably totally irreversible in the democratic systems we have today. I was at a political event yesterday, at which we all agreed that there was no acceptable (ie electable) policy mix which stood a chance of cutting the debt. And, of course, UK debt has soared to record levels despite the so-called austerity that everyone now seems to have had enough of............so disaster does indeed await us all at some point, I think.ee

[lauders] 30/7/2017 08:19

"Capital destruction".

Something quoted in this opinion from yesterday:

Interesting perspective that some here with more oil/gas experience than I may be able to offer an opinion on.

[extrader] 27/7/2017 17:35

Hi ee,

...if a better solution is cheaper then it will certainly get adopted.

I don't believe it proved necessary to legislate the switch from horse to 'tin Lizzie'!

ATB

[jotoha2] 27/7/2017 15:07

Nice pattern forming here , down am and then up pm , let's keep that up for a few sessions.

[emptyend] 27/7/2017 15:06

As ever, if a better solution is cheaper then it will certainly get adopted. But if a solution that is better for society as a whole is actually more expensive for the individual, then it won't fly without some form of subsidy/incentive......which begs the question of how the economics stack up for large-scale adoption. Now and in the future.........!

[nigelpm] 27/7/2017 15:01

No harm in aspiration particularly when it comes to reducing fossil fuel burn and environmental damage. However, I agree that you need to have a sensible alternative in place.

[emptyend] 27/7/2017 12:13

$51.12 Brent now. I'm wondering whether the new-found capital discipline evident in the majors' Q2 results is now seeing a read-across to future production limitations............it is all very well of the environmental lobby to look ahead 5/10/25 years and claim that electric cars etc are bound to take over (despite costs ramping up for eg lithium it seems)......but the question is what will be powering cars in 2020-25 .....and where it will be coming from.....and that is before we get to politics and disruptions arising therefrom....

[fangorn2] 26/7/2017 20:28

Battery storage is key...

Solve that and it's game on...

[nigelpm] 26/7/2017 20:27

Don't rule out pretty dramatic improvements in battery technology by then - at which point it will be economic for every house to be generating PV electric without subsidy.

But that's a world away from the here and now and Saudi/OPEC needing higher oil prices.

[happy_plums] 26/7/2017 20:16

Will Hinkley Point be ready for the demand.

[emptyend] 26/7/2017 18:54

Brent currently $50.73........http://www.livecharts.co.uk/MarketCharts/brent.phpWith my MP in charge of this 2040 electric vehicle policy, it is only a matter of time before it goes horribly wrong.......

[buywell3] 26/7/2017 14:19

I see this has gone back over 120p whilst I have been away


Seen the new today re UK Gov banning petrol and diesel vehicles ?

Good news re BMW making EV cars in the UK ?

[kenobi] 26/7/2017 14:17

Interesting article,

is the shale revolutions stalling ? will the bond market start pricing it correctly ? will it be harder to get financing ?

the saudis are planning to reduce exports, interesting development, anything to get that armaco float away I guess,

[emptyend] 26/7/2017 09:30

....bots seem busy these days.....

[emptyend] 25/7/2017 20:45

Brent over $50 tonight and stronger than at any time since late May in GBP terms............not worth shouting about, except to note that this is directionally the opposite from the expectations of certain posters on here.The Jefferies change of opinion seems based on expectations of deals creating growth.......so lets see....... Personally I think organic growth in production will also contribute, even though expectations for that have been downplayed.

[nigelpm] 25/7/2017 14:38

Expect the TA boys to be all over this now - pretty strong triple bottom in place.

[nigelpm] 24/7/2017 09:05

Yeah, that one tickled me - given they were at 400p PT before!

[cwa1] 24/7/2017 08:55

Soco Upgraded to Buy at Jefferies; PT Lowered to 150p

[emptyend] 24/7/2017 08:29

I see it reported that Peel Hunt put out a buy note on Friday.....don't normally have them down as a market-mover....

[haideralifool] 24/7/2017 07:19

Nice touch in the use of 'kowtow', tournesol.

[richalert] 24/7/2017 07:16

Yes and then I could mention BREXIT campaign. Democracy at work? Or politicians playing games?

[tournesol] 23/7/2017 23:56

Off topic rant - but heartfelt

Fair point about democracy and the need to respect it even (or do I mean especially?) when we get a result we do not like. Democracy means accepting that we sometimes get outvoted and should accept the result with a good grace. And seek to effect change by democratic means, not by non-dmocratic processes.

That being said. you mention the Pres of China. As it happens when the Olympic baton passed to China I was compelled to go out on the streets demonstrating against the Chinese occupation of Tibet. I was not at all happy with the way British institutions fawned on the Chinese, who have not even the smallest figleaf of democracy, whose brutal occupation of Tibet is contrary to international law and who have engaged in genocide and ethnic cleansing on a biblical scale. We might be powerless to stop them, but we should not avert our eyes and we don't have to kowtow.

The authorities in London went to some lengths to accommodate Chinese efforts to obstruct our demos. Chinese students were bussed in from all over the country and were given pole position so they could cheer the official cavalcade. Their banners and sound systems - all provided by the Chinese embassy - and all orchestrated by embassy staff, were deployed to shield the Chinese officials from the sight and sound of our less well resourced and less orchestrated dissent. It was a small but shameful example of a totalitarian/anti-democratic regime being aided and abetted instead of being confronted.

The wonderful Joanna Lumley was amongst us and gave an impassioned speech about the injustices being inflicted on Tibet. What a shame the spirit she embodies is so lacking in UK foreign policy.