As the title says, I never thought that SHEL would sell above $90.00/share. I guess that the rising tide raised all the ships, even the sinking ones( BP and Shel have risen just about as much over the last 6-months). There is a saying for stocks, "bulls make money, bears make money, and pigs get sla-ghtered". Frankly, I sold about half of it when it got to $75. I don't regret that... I'm still shocked that it has gotten this high. Now, I've sold off 95% of my shares and think there might be a good chance we'll hit my limit price and sell the last 5%! In hindsight, I look and think every day for the last year, it would have been better to sell SHEL and buy XOM; so, I don't regret selling early... I regret not investing in stocks I thought were too high.
Do you think that the SHEL rise continues? Did I sell too early?
I am not providing investment advice... just entertainment and anecdotes.
7 replies (most recent on top)
The potential of Shell shares can be unlocked by selling them and immediately buying either technology, industrial or financial stocks, which have shown strong gains so far. So, the 30 percent increase in Shell's share price due to the ongoing war in Iran should not matter. Once the war ends, the price will likely drop back to where it was before the conflict, or even go lower. The high interest rates of the last couple of years make Shell's dividends no more attractive than money market funds. Shell leadership is neither serious nor committed to quickly bringing production online to grow profits and stock value. Using profits that belonged to shareholders, the Shell leadership, during last decade or so, has only been interested in massively increasing their compensation and in accumulating PSPs. Just like Iranian Ayatollahs who diverted their country's oil revenue for their personal gain.
You could have made a good decision in two scenarios. There are a lot of stocks that out-performed Shel over that say time period maybe you invested in one of those? Or you could have held cash and waited for the market to go down. Or maybe looking for a deeper crash, then invest?
nope. i sold mine and have zero regrets.
a war suddenly starting that specifically leads to shooting missiles at LNG terminals and refineries and a key shipping route closing is not a serious bet
anyone saying you should have held is full to the brim of hindsight bias. technically this has been possible for decades but you need to explain why you think it was going to happen precisely now to justify a sudden large investment.
shell stock moves for the most part in sync with every other oil and gas stock but for less money than them and more day to day volatility
zero reason to hold shell. you still have the chance to buy exxon with your money from selling shell if you think war ends production or transport for a long time. its the top choice for speculating on the industry for a reason. best fundamentals and more to gain due to most barrels sold.
you should sell a stock instantly when it vests unless you are willing to buy it again at market that day over any other one . this is because on that day you have no capital gains or losses.
and so again i say, just buy XOM if you want exposure to war profits and you’re ahead of the shell holders with psychic powers.
I think that oil company prices are tied to the ability to export oil from the region. Once the straight opens up, is there any reason that the price wouldn't fall?
As long as this war rages on, Shell’s share price will continue to climb. Sounds like you got out too early.
I personally just hold and reinvest the dividends. Thats about all this company is worth
Hopefully we didn’t dilute Canada LNG yet.
@ab there's been a lot of volatility, chasing with stop losses wouldn't have really worked. You might not have noticed this but SHEL swings + or - $2 frequently... it hasn't been just a trend up, it has been a volatile mess led by incompetent people who are only shrinking the business and masking it with share buybacks.