Bradda Head Lithium exceeds targets, secures US$3 million royalty and moves closer to production. Watch the video here.
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With the Yemen and Gaza war spreading it is only a matter of time before it escalates to Iran.
Oil price will be over $100 dollars a barrel by the 4th quarter…
FT view on effects of Ukrainian drone attacks on Russian refineries on OP:
https://www.ft.com/content/98f15b60-bc4d-4d3c-9e57-cbdde122ac0c
It’ll be interesting to see when OP does break the red trend here: https://invst.ly/144pd4
For Brent, the price region around $87 has been a potential ceiling since 2018, when it marked the onset of US shale overproduction and the crash in price that resulted. Things have changed since then but global events have, as they always will, disrupted the natural demand/supply balance that OPEC+ seeks to optimise and control. Once the price rises above $90 it usually triggers a sharp increase in production somewhere (the US would almost certainly be one area to react) which tends to put a lid on it.
A break above the red line looks imminent. There seems to be a lot of pent up impetus behind the SP at the moment - a whole list of positives & closing it in on its high.
Certainly my mindset is switching to attempting to pick the top of the SP travel & trading, but there looks to be plenty of time yet. The next few months leading up to the Elections here and in the US, should see a series of interest rate reductions, a lessening of the pressure on consumers, reducing inflation, countries leaving recessionary impacts behind them & burning more black gold, we might even start to forget the Truss debacle - just joking!
After the elections we might even see a bursting of the AI/Nvidia bubble & big Stock-market corrections! Great to see you posting again Boyo. Remember a graph in time saves nine!
Ha! I've become a bit absorbed elsewhere getafgrip. But Shel has been doing great for me - I'm still 'overweight' in Shel despite recently disposing of two out of three trading tranches I acquired near the bottom. My target for the last of those is around 2750. After that I will only start selling tranches of my core holding if I'm convinced I'm seeing a pull back from a significant high. My O&G 'failure' has been BP, although I've made a reasonable profit on two out of three tranches there and I'm breaking even on the third but I'd have done much better with Shel. I should have known better, I guess. ATB.
Boyo - I can echo many of your thoughts - Shell has been great for me as well, although I am mega "overweight" on them in my ISA.
Oops! premature posting!
Although, I have been massively influenced by Jim Slater's "Zulu Principle" over the years. His argument was essentially why diversify in to inferior shares that you know less about, when you know all there is to know about the Zulu, or in this case Shell. Occasionally I have, some years ago, actually only held one share, but generally have no fear of not conforming with the general sense & pressure to diversify, and just instead holding one major share without any fear of doing so.
With a trading view I have been targeting an SP around £27.27p, which was the high reached on the 16th October 2023. I agree with you it could go a bit higher, but its a nice problem to juggle with.
Your views on BP made me smile. Having half decided to build up a holding partly funded by dividends from Shell, I am thoroughly underwhelmed & demoralised by them. I bought around £4.70p so I am ahead, but that is all I can say. BP is still paying for a skeleton in the cupboard (not trying to be funny) with the Deepwater Horizon disaster, it seems to have built up a pigs breakfast of assorted renewables which seem to be more of an almost random collection rather than benefitting from any compellingly focused strategy, it took them months to select a CEO, & I really don't think there is any major change of direction imminent.
GFG,
Just saying, the highest price was on 18/10/2023 and that was 2793.
Now that is my target, sold a very small position yesterday to buy JD. as temptation was too great.
BP. is better on dividends, that is about all, Shell is a much better company.
I prefer one company, as I don`t see the benefit of holding more than one in the same sector.
I am in heavy with Shell, and will sell half at my target.
Boyo, great to hear from you.
L - good to hear your views. I actually took the £27.27p from Yahoo & had been using it for a while so thanks for pointing this out as it is some distance of the mark.
The FT is very close to your figure:
On Tuesday, Shell PLC (SHEL:LSE) closed at 2,647.00, -5.50% below its 52-week high of 2,801.00, set on Oct 18, 2023.
GFG,
If you click on Shell Share price, then scroll down, you will get the 52 week high and low as well as dates. I have found it reliable unlike some other sources.
52-week high of 2,801.00, set on Oct 18, 2023......
Yeah -this chart happens to show the falling red trend starting at that intra-day high: https://invst.ly/147tx7
It's certainly a target for me, although anything above 2750 has proven to be pretty fragile so far! GLA!