Reserves are in place for this and has already been priced into the SP, so no need to worry on that front. With an increase of 8% in dividend, I'm not selling, it's dividend that counts sometimes to produce income......
Hope you haven't jinxed the sp. We have seen the right side of 500 a few times since 2010, but have a poor record of hanging in there. Continued volatility is likely to be the norm, sadly, until Ukraine is sorted and we have settled with the Feds.
As the Russian bear becomes more hungry he will get more spiteful - but he is canny he will still entice you closer -he will let you camp in his back patch and feed him scraps .When he is ready he will bite your head off. Maybe fantasy -maybe nonsense -but it could be true !
Love it when they go up :) The only the thing that worries me is that they have stopped auditing their rigs again ! Is this a risk worth taking because the pumping of oil is worth the risk ? If it happens again we all loose...
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