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Shells proposed purchase of BG
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Absolutely....some difficult (face saving / sacking) decisions to be made.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone0 -
For every seller there is a buyer...and this time it may well have been me!
Well good luck to you if it was.
It's kinda puzzling that people were buying the likes of AAL, KAZ etc all the way down from over £30 to £2 now. If Shell follows suit it could end up well under a fiver. I think the only thing sustaining the price at the current £13.50 is the dividend which may have to go, and inertia of current holders. Wait until finals are out in early Feb., then we'll see the write downs and cash bleed.
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Well good luck to you if it was.
It's kinda puzzling that people were buying the likes of AAL, KAZ etc all the way down from over £30 to £2 now. If Shell follows suit it could end up well under a fiver. I think the only thing sustaining the price at the current £13.50 is the dividend which may have to go, and inertia of current holders. Wait until finals are out in early Feb., then we'll see the write downs and cash bleed.
I won't be surprised if the price has further to fall and I certainly expect the dividend to be cut! But I do expect Shell to be around for the long-term - although I did read-up to remind myself of the Burmah saga, before committing to more Shell shares!
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Well good luck to you if it was.
It's kinda puzzling that people were buying the likes of AAL, KAZ etc all the way down from over £30 to £2 now.
I think the difference is that Shell isn't just a producer, it derives a lot of income from 'downstream' activities (like refining, distribution, retailing - with its own strong brand, etc) which is at least as profitable with a low oil price. That is Shell's great strength which has seen it through all the other oil price crashes, although its insulation from oil and gas prices would be weakened by buying BG at the massive premium proposed.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
I'm holding about 2% directly in RDSB for the long term, because when I don't know what to do my default position is to do nothing, at least saving the costs of trading.I won't be surprised if the price has further to fall and I certainly expect the dividend to be cut! But I do expect Shell to be around for the long-term - although I did read-up to remind myself of the Burmah saga, before committing to more Shell shares!
I realise the share price might fall further, but at least we are nearer the bottom of the cycle than a few years ago when shares were £25, which gives a better chance from here over the long term.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Shell shares back up 3% so far today. Still seem cheap to me, only so low oil can go.
Tempted to take all Shell shares option. Notice they 'scale' requests so won't necessarily get them all, if lots decide to do the same. Assume if you do take Shell shares the price will be whatever ever it is on the BG takeover day?0 -
You know what they say,,,Never Sell ShellGlen_Clark wrote: »I agree with all of that, except I don't know whether its wise to sell Shell now or not. Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0 -
C_Mababejive wrote: »You know what they say,,,Never Sell Shell
Or she sells shell shares by the seashore etc0 -
Shell shareholders have voted 83% in favour of the deal, 17% against.
(BG shareholders vote tomorrow.)“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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