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NSS,
only got into RDSB after Covid drop. So don't have any shares bought over 1,176. Made 6 purchases as the SP dropped Spring 2020 totaling circ£15k. Lowest was just shy of £8. So, i'm fortunate to have an average of 998.80p.
Bought BP to add to my Oil n Gas shares, but always intended to 'trade' the high's n low's with them. Ended up with 43% of my p/f in these 2 companies, which i thought was too much. That's why i sold off 2/3 of my BP in the recent rally.
I feel much happier at the present balance.
Like (some) others i think Brent will retrace back a little with oil shares following on. (BP was at 294p only 11 trading day's back)
Either way i still have my 1/3 BP & all of my RDSB, plus have banked some capital gains profit in my ISA
Pig
Yep,
Very strange but hopefully for the boys it will work out.
So much to like about Shell and especially in these time. Cash is king and we have lot of it as well as experience, knowledge, skills etc and a decent long term plan.
Its definitely not a Fireworks share but for old Farts like me all I want is a "Tortoise share"....
NSS "I sold of of my BP shares as something just didn't feel right but who knows. Cant put my finger on it...."
Sold 2/3 of my BP holding too. Rest will go 'if' SP gets to 330. Still have quite a large % of p/f in RDS.
I posted this on BP board & got a good kicking for being a Heratic......but it's still true & the OP applies to RDS also
"On 5 July the OP was a nice cudly $77.21 a barrell, with usual predictions for $80 to $100 soon.
BP was at that point 323p a share, with the accompanied "350p/400p soon" comments
33 trading day's later (20 Aug) the OP had, well not 'bombed', but lets say reduced by 15% to $65
BP followed suit & the share price dropped by similar amount to 278p
Just saying....."
Pig
Very good analysis Char and fully agree short term could be a spike but equally carry on its trot.
Gas is still crazy and will be through Q4 & Q1 and then things might calm down as Nord pipeline comes on line. I know we invested 100s of millions in this but not sure what the deal was for Shell.??
Our beast Prelude must be making hay and we are I believe the 2nd largest gas supplier in the world so looking good.
Getting rid of Shale seems sensible as it goes towards our new identity, we got a decent price for the asset and it gives us financial strength to use this money in a positive way.
I also like our renewable strategy with is in some cases organic and just expanding our own businesses.
I sold of of my BP shares as something just didn't feel right but who knows. Cant put my finger on it....
So, whilst £15 seems to have taken a long time I can see £20 by end of 2022 and that at 33% would be amazing.
NSS