Shell just cut its quarterly dividend for the first time since the 40's, down to .16 per quarter

Kek whatever you say bearcuck

XOM CVX master race

I knew this was coming and sold last week. Expected it to go down earlier but still had a nice profit. All in on MRO and DHT now but I don't think that was the wisest thing to do in hindsight. Expected the market to be rational.

They will dip and I will buy your bags then. I will be swimming in divvy in a few years.

> expected the market to be rational

Top kek

Just go long you fucking sperg. Stop speculating like a niggerfaggot and you will start making money.

lmao ok retard

We all know the next 6 months will have another big one. That's when I get in. Until then it is swing trading and staying liquid as much as I can while riding the retail wave.

They announced they are maintaining their dividend not cutting it. Its why it shot up after hours. 87 cents a share

thats fucking insane, we'll see how it turns out for them
I think shell has the right idea, even if it sucks short term

Project bluebeam is going to disrupt the energy industry.
Cant spell copenhagen without cope.
Kind regards
Rockefeller foundation

is it a good time to buy shell now? looks more like a panic sell to me

Shell is fucked. In this day and age people don't want to bail out a solid profitable company because it is in the oil and gas. They'd rather inflate the Tesla stock price some more.

Shell won't be able to get a bailout and the losses will stay where they are for the foreseeable future.

So no, I don't think so. Their losses are absurd and this is just the beginning.

XOM is better, but maybe wait for a dip

When do we sell MRO by the way?

When it hits 15 at the least

and here i am listening to you fagots

Get some gains on the short term because Shell will rebound. They will also go down again next quarter at the latest.

The Dutch government has a strict - divvy = no help policy. Shell will need support at some point which they get from the financial market for now. I don't think that will be enough to weather the oil glut (which can take a while). It is not crazy to think that another bad quartertly result (or oil happening) in the meantime will force them to let go of divvy in total. That will be a huge selloff.

thanks that was proper advise

Don't expect high highs and low lows though. It is the epitome of a boomer stock and I think a lot of investors and potential investors are waiting what will happen. But if the price drops low enough all those institutions (pension funds in the Netherlands are absurdly wealthy) will get in on it. I am just totally unsure about the timeline here and that all depends on how the oil market and actual economy progress.

if you are so skeptical (logical also when you look at the circumstances) are you in cash or in tech companies like FAANG?

Mostly cash but also some MRO and DHT. I believe in oil and I think we are in for a moon mission. But we have to sort a lot of stuff out before this and we are now in peak delusion. The situation we are in now is unsustainable on many levels and we are just postponing the innevitable colapse. Might take a week, a month or even a year. But it is going to happen.

Honestly sounds better than piling up more debt or slashing capex too much. It means they're set for the coming oil shortage which will be the effect of all those shut-ins happening right now.