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Totally agree. 2021 is buy and hold for this stock. Enjoy the dividends as interest rates go to zero and then negative.
Hopefully, the worst is behind us and the SP continues to go up, up and up from here.
11th February - Strategy Day
18th February - Ex dividend date
29th March - Dividend Payout
Happy to report that I picked up another 800 shares in RDSB at £12.45 . Now only 200 short of my previous shares of 3000 shares.
Having picked up 1000 shares at 12.50, I’m still open to add to it at £11.80. If it drops that much
I couldn't wait anymore. Picked up 1000 shares at £12.50. Was trying so hard to get my average price at £10 price. Even ploughed back my earlier £2k plus profits well I disposed 2000 shares at £11.30 in Nov. But I just gave up. So guys I'm back with 2000 RDSB shares at an average price of about £10.30. Will work out the details later. Now thinking of adding BP shares too. Still have some sterling pounds in my brokerage account. I'm convinced oil with hit USD100 sometime in the next 5 years. And my £10.30 will double by then. This time I'll be more disciplined and not trade but just enjoy my 4% plus dividends and currency appreciation.
There needs to be a 5% plus drop today to bring prices below £12. Based on yesterday's volitily, anything is possible today. It may breach £13 or drop below £12. Let's see how it goes.
What a swing today. Well one more chance of it testing 12 tmrow. Let's see what happens then.
Oil prices and oil stocks just went crazy. I don’t understand how Saudi cutting 1m barrels could hv this effect. US was already not buying Saudi oil. The oversupply and lack of demand made this inevitable. So why all the fuss?
I’m still waiting to top up at 1230
At 12.85, it’s still a long way to 20.
Shell and big oil is likely not going to be a good long term bet.
However in the next 3 to 5 years, the world will still need oil.
We will eventually recover from this COVID pandemic and some semblance of normality will return.
Although I don’t see Shell hitting £20 in 2021 as predicted here, I believe that it will eventually do so, sometime in the next 3 to 5 years.
The earlier it does better of course.
When it does, I would have doubled my money and hopefully will not be too greedy then to exit the stock and find other investments.
Have a great 2021 everyone.
It would be great if it hit £20 by this time next year as I would hv doubled my money.
But it would be better for me if it dropped to £12.30 before that, so I get to double my investment in RDSB at an average price of £10 ( with profits ploughed back in for my recent sale).
Any which way would be good, the latter twice as good.
Will we see £12 by New Year? Lowest yesterday was 12.38. My guess is that it’s going to hover around 12 to 13 over the holidays until there is some clarity over this new strain of the virus.
IEA says oil demand won't fully recover in 2021
https://www.marketwatch.com/story/iea-says-oil-demand-wont-fully-recover-in-2021-2020-12-15
12.65 would be a further drop of 3.5% from current level of 13.10. Let’s see if we get there this week. If I plough in my earlier profits from this stock, this TP would give me an average price of £10 for 2000 shares including commissions.
5 day high is 1400. 10% down would bring it to 1260. I’m in at 1265. Fingers crossed for a buying opportunity.
My new TP for 1000 shares is £12.65
Brexit trade talks: UK and EU to 'go the extra mile' in effort to agree deal
They hv just kicked the can down the road.