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Absolutely correct Hydrogen! Good to hear from you. Wish I'd followed your advice.
Ha!
As prices fell I needed to balance out a very overweight G position - which I managed to do with some gain rather than loss.
However, I moved some funds into the 'safety' of RDS in the process which subsequently fell whilst my attention was elsewhere (never trust a supposedly solid and boring investment), so I now have a recovery task - not major but 'interesting'. Everyone needs a hobby in lockdown!
Fortunately SOLI and CWR have compensated. The RDS chat here on LSE is weird - some obvious trolling, really quite unpleasant.
Hope you are doing Ok during the covid drama - and also in G if you still are. ATB
Yes Leem - RDS has become more of a preoccupation for me than it should have been.
It has been extraordinarily weak since June and whilst its sheer size should have carried it through the turbulent times it is a disadvantage when quickly adapting to fundamental challenges - low carbon future, covid demand shock and long term oil surplus. I don't like chasing shares downwards - I've learned that you should never start when they are still on a long negative slope (hitting the bottom is never a certainty) and that averaging down just adds exposure at increasingly high risk - especially if you are too quick topping up each time. Nowadays I look for share that are on a positive trend but far from toppy. RDS has turned into a struggle which won't be over for a good while.
Up a touch today Boyo but having a rough run over the last few weeks. Genel looks relatively strong.
Tanking? RDS, BP and GKP all up I think.
G got stuffed in the last half hour unfortunately.
Why/how are we up 6% again? Oil stocks tanking across the board
So if it makes you feel better a serious investor @wshak1 (on twitter) who was on Motley fool before they trashed the forums has just pulled the trigger on RDS. He has a lot in GENEL bonds (less so equity) so although he seems to specialise in the technical aspects of bonds rather than being specifically an oil expert but he seems to make money out of all the stars and dogs
Thanks Boyo. I'm Trying to use charts more.
Likewise, good luck to you too
Yes Rangor - CWR has been tricky but in a good way. I've taken profits sometimes waaay too prematurely! Ha! It does tend to cycle by about a quid, obviously went much wider than that in July when IPG sold their second and final batch. https://invst.ly/sc7ge
I can see your logic regarding 550. Until Friday I would have thought 530 was easily possible but that's starting to look unlikely now. Best of Luck.
CWR been on my watch list for a while, thanks for reminding me .... GLA
Boyo, I hope you're right about CWR dropping back again. I managed to sell a chunk of my holding at 651.05 today.
Will buy back in at around 550 if possible.
Still waiting for the day that genel is 550. Zzzzz
Yes- I'd have suggested CWR a while back - but you already knew that. However it has gone bananas in the last two days and could well flop back - probably will, which just might make it interesting for you. Easy for me to say as I'm down to an average price of well below £2.50 so have even stopped bothering to trade it.
I have added RDS over the last two days now - it may have turned the corner this afternoon. But with oil you never know.
GL whatever you do.
Thanks - I'm watching for now, they both appear to be performing similarly since April, as has XOM, G on the other hand has out performed all of them by a country mile, but with significant risk as we all know. I'm just looking for something for 12 month ish, alongside my other ftse shares (incl G).
Sold up and took the loss on BP Boyo, absolute joke of a share a total dog
I did add Shell today on the basis that it should be at the bottom - although there's no guarantee of that. Had I been in BP I'd have been more inclined to wait - but that's a chart thing rather than a view about the company.
Hi bunks.
I think you will get tainted views on the respective sites and, because I'm already invested in RDSb and looking to manage the average cost of my investment downwards, I'm rather too focussed on that to give an objective view of RDSvBP. In fact I don't follow BP at all.
I did note this comment in an article I posted yesterday on RDSb about Shell, BP and others in the Permian basin:
'A near-term deal also risks further confusing investors around Shell's transition strategy, which currently lacks the concrete road map of peers BP and Total…...' The writer obviously thinks that BP has better developed plans than Shell regarding transition to alternative energy. How true that is I simply don't know but if I was starting from scratch I'd want to know more: http://www.energyintel.com/pages/worldopinionarticle.aspx?DocID=1083886
Can't believe the current SP's of Shell and BP, they're around the same price now as the initial CV-19/op price war drop.
Any views on preference between the two orgs ? Boyo, I see you're still in the former ...... welcome any views, likely to get tainted views from those boards hence asking on here..... ta in advance.