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Ooops - maybe not.
I think we've all made expensive mistakes - and G has taught me that several times over.
Looking at a 15' view, with 146 holding so far after a fairly steady fortnight advancing and short-term trends in green, we really could be on course for Hasiba's 156 if 152 doesn't trip us up. I think it'll depend on Brent staying firm - an extra $1 there would help :
https://invst.ly/rdmb0
Bunks...I just did this and got stung £1700 down the drains...another learning lesson that you shouldn’t be overconfident and over greedy...even after more than 30 years market investment .
Small price to pay in the scheme of things!!
Lol - funny that, because you strike me as a pile in with your eyes closed type of character boyo......
No worries, Hydrogen, it's all about balance so, no, I've not piled all my G profits into RDSb.
Speaking of profits, though, I did sell off a few more G today and am now just slightly 'underweight' in G and 'overweight' in cash as a consequence. G has been a good earner for me recently .
I don't personally think we'll ever see $100 oil again but I think Shale will be back relatively soon - not that it has really gone away. The survivors will keep pumping and thereby limiting both the rate and magnitude of recovery in OP. Meanwhile G today is perched at a level that seems to be based on sentiment/expectation rather than revenue. I think we've been here before.
Big oilers standard assets values must have dropped in a big way and their success in new exploration must be uneconomical in the present climate of low oil price, then adding the expense of maintenance and employees salaries ...
It will make sense for them to acquire ready made low cost base producing companies with massive reserves and assets like Genl,Gkp and a few others..
Big oilers in big trouble with their heavy debts....
Just imv
Holding strong here and only see upwards trajectory in both and they seem readying for M&A activity too..
First stop 156 then all the way towards 180p...
Let’s hope some support from oil prices...
Market and oil down this up again, go figure
.....so we are in reality at around 153p...
Yes, of course, a month after ex-div date, with the dividend paid but with with no guarantee of what (if any) the next div will be, the sp is worth the current price plus the last div....
Hmmmm.
In normal circumstances - yes, the ex-div discount does indeed reduce over time. But for this to happen there needs to be a solid track record of dividend payment plus continuation of revenue and profitability that makes the next dividend probable. For G, the jury may still be out on that and I think the current sp reflects the market's view of the risks. We are now over a month since ex-div, so my perception would be that the discount (the sp reduction to compensate for non-receipt of the last dividend) has now evaporated.
Ah..forgot to add the 8.11 p dividends so we are in reality at around 153p...
Thank you bunks for the tip!
Genl got it all imv..
and on top of all that Bunks has now received the dividend payment....
Correction: GvOP ratio already stretched to 3.37x not 3.7x ! ! !
Yes- a good day and a nice closing price. Having re-checked the mechanics of the closing auction and UT I'm much less sceptical about the price shifts we've seen recently.
Did someone say 156 next stop? It's certainly possible but a couple of potential obstacles on the way at 146 and 152, not to mention the GvOP ratio already stretched to 3.7x, which puts today's price at about 10p over par. Still, G has exceeded expectations before so why not again? https://invst.ly/rcvk3
now now
Hawkey must've sold at a loss ... again !! IMHO of course
Yet again the magic UT! Must be background buying or something. Massively overbought compared to any other oiler so something up
not bad on 247k volume eh, GKP on the other hand are up the same and around 857k volume ....
For Genl and many other oilers..
Next stop 156p ...