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Agreed Barrie, Neversell...
The sp is making a bit of a meal out of recovery isn't it? It really should be in the mid 1400's. Fortunately, with ex div split into four annual chunks, the effect on the sp will be fairly minimal and quickly absorbed. RDS is the plodding 'workhorse' in my portfolio - my risk and trading tend to be elsewhere. Until the trough of last summer, I regarded RDS as a safe haven for cash that was otherwise not deployed. I don't think those days will fully return but will probably continue to use RDS as a balancing energy related stock whilst Genl and CWR hopefully provide the spice, interest and gains - with the latter also providing my 'energy transition' pathway. CWR has been spectacularly volatile since I first dabbled with it at just over £4 a year ago and consequently a terrific trading earner for me. I'm beginning to see why a number of 'new energy' execs left RDS a few months back - to me, the company seems more interested in share buybacks than gaining a serious foothold in green power generation. That policy may ultimately cause me to move away but, for now, RDS is a good fit with my other energy stocks. ATB
I can see them hitti g their debt target in Q2 and then watch the sparks fly.
I would imagine so chunky Buy backs and who knows they might push up the dividend although they have said its set for this year.
I kind of a perfect storm for decent oilers right now with Sleepy Joes stimulus, Covid ending, Opec, lack of investment over last 5 years etc etc If oil is 70$ now it could easily pass 80$ when Covid is mostly nailed in the coming months.
Lots of chat abot BP and Shell going back to their previous prices and who knows in a year or 2 anything is possible. Several USA oilers are there or there about already.....
Another day another dollar...............
Hi Boyobach
Yes perversely as Brent slips back RDSB now seems to be rising but it goes ex div next Thursday so maybe more attention is being focused on it and maybe people have digested that the OP strength will be additive to RDS cash generation this quarter - $400m pa per $1 / barrel on upstream operations alone plus $125m pa for LNG
Hopefully another good chunk off debt in Q2 and closing in on buybacks and dividend hike
Continuing today with a tiny gap.
RDS finally chasing its previous pricing relative to Brent.
£15+ seems a realistic summertime expectation.
https://invst.ly/upt0d
Hoping to see more of it into divi