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Yes it is but I'm doing nothing. My target was to double my money and I ain't doing anything until that happens. Waiting for £22. £23 would be a bonus.
Looking at the price chart, RDSB went up from about £8.66 in Oct 2020 to £15.18 in March 2021. That's about £6.50 or 75% in 5 months.
Rdsb was about £13.11 in July 2021. So a corresponding 75% rise could deliver us to about £23 by December 2021.
£18 by end October
£19 by end November
£20 by end December
£22 by end 2021 would probably be the best case scenario.
At this rate, I think that my TP of £22 may even come by end of 2021.
Wishful thinking?
The past few weeks feel like that
Great day. Next stop £18.
Remember what Lenin said :-
“There are decades where nothing happens; and there are weeks where decades happen.”
Looking at the SP movements, I hv a hunch that £17 isn't far away. May even happen next week
For oil to hit USD150 per barrel, it needs to about double from what it is now. Possible?
What would that mean for RDSB share price. Can it breach £30?
Could I be sitting on a 3x investment in 5 years time.
Maybe I’m day dreaming.
The previous ATH for oil was 147.27 in July of 2008.
Will we breach that in the next 3 to 5 years?
Covid can’t go on forever.
It will take another 10 years for alternative green energy to cater for energy demand in any meaningful way.
Between now and then, oil may have one last hoorah.
Totally agree. I made that mistake in November. My average price was £10 and when it started to go up , I thought I’ll do a quick trade and make some money and get back in. I sold some of my holdings. But when the news about the vaccines came in, it just kept going up. Luckily I managed to get back in on an average price of £11. So instead of making money , I ‘lost’ some. So don’t do the trade. Just hang in there. This is hitting £20 within the next 12 months. I’m betting it will hit £22. In the interim just enjoy the dividends .
My goal when I bought Shell last year was to double my money, and I think it’s possible within the next 3 years. Of course the faster the better. What happens to oil companies in 20 years , nobody knows but in the next 5 years, I’m sure they will make money. Demand can only grow and supply will probably not meet demand. Whilst I ride the ups and downs of the share price, I’m happy to collect 4-5% dividends.
Don’t sell at £17. It’s going to £22
Thats fast. Can’t wait for £22
Almost, hit 1522
Finally, now 15.23 ie 52 week high
Another disappointing day!
Dissapointing close today
The 52 week high is £15.23. With oil prices at a high, it should breach that. The question is if it does, will it stay at those level and make further progress in 2021 or will it just fizzle away?
Will it hit £15 this month?
Char, watching this counter for over a year now I think there is a 50:50 chance that it might hit 1500 before ii goes ex dividend. No technical analysis, just gut feeling. But it doesn't seem to hv the momentum to test 1600 this year unless Covid miraculously goes away. Maybe next year with an enhanced vacinne that can tackle these nasty variants