Member Info for Blakester2

For all you newbies . There was a rights issue in October 2020 whereby 6,436,601,676 New Ordinary RR Shares at 32 pence came into the market. I would hope you all know this! This means that RR will never go anywhere near £900+ which it reached in 2018 at its height. I am holding, and benefited from the rights issues buying many shares at 32p....I'll be happy with 130 / 150 and ecstatic at 175, please do your own research rather than reading some of these ridiculous comments.

Hi Char, yes I would agree with you, we never quite know what is around the corner, never more so than now! Sounds like you are on the side-lines and not invested at the mo as its a little risky? Having bought Shell multiple times ( 9.50 to 13.50 range and sold a few along the way I am holding a good average. I personally see Shell as quite a low risk, divi paying global energy company, which is becoming leaner and leaner every day, as is BP where I am also invested. I can't quite see £17.75 anytime soon, but I'm happy waiting this out. Oil normally follows inflation, patience is required, by the bucket load!

I mean £13 ??

Pre covid we would have all jumped at the chance to get in around £3. I’ll happily sit back, hold, reinvest the Divs, smoke a few cigars and chill.....I’m hoping that we see £15 at some point this year , but that’s all it is a hope!!!! Divs will increase and so will my share holding. Hold for me !

DFF - I believe Saudi need to play the long game re oil and draw consumption out for as long as possible. They will be very aware that high oil prices = faster push to electric, I can see Saudi wanting oil prices to maintain around the $60/70 for as long a possible...Will be interesting to see how they proceed, and how the market reacts!

I completely agree Mark, I've also been tracking Reckitt Benckiser, they are starting to look good, does anyone hold RB?

just logged on, currently 850 buy orders to 462 sell, couple of big sells orders at 350k asking 111.

I've been following level II for months and there has been a lot more buy orders to sell, ( even on red days ) as soon as BOJO allows Brits to book summer holidays this stock should fly,!!! ( I hope ) so assuming no more bad news and corridors opened 180+

It was opened on the 4th Feb, and they increased it yesterday by 0.03% so not a lot!

level II currently showing 1100 buyers to 500 sellers!

I'm more twitchy about the state of the US!!!, huge infection rates, possibility of Lock down scenario, rioting , Nasdaq at an all time high, stocks like Tesla in a huge bubble wrap, and to top it all off oil stockpiles again!!!!

https://www.worldoil.com/news/2020/11/20/us-crude-stockpiles-approach-may-s-record-on-new-lockdowns

Adamski - I really have to go as my Gin is getting low, however, as I'm not a Market Maker and cannot see tomorrows orders or even the ones we don't even see! I don't have the answer's you are seeking, all I will say is all the BUY orders you listed earlier are not necessarily BUY orders. THATS IT, I'm out, WILL CHECK IN AGAIN IN 3/4 WEEKS , to see whatever other comments I can add value too :-) Please look at how Shorting works and how they are shown on Level II! BOOM

lets go back to basics folks, if you feel a stock in undervalued and you're LONG and you feel there is some value in buying the stock at the given price then BUY BUY BUY and hold.....Yes Oil stocks has historically gone up with inflation, couple of quick pointers and then I'm off:
1) Forget charts, although right now they could be your best friend!
2) Buy at support sell resistance, OR just just HOLD depending
3) Don't buy into Momentum and avoid buying in the open, they see everything!
4) Forget the charts, you're/you are not smart enough to know how news will effect the price!
All the best people, and I also know nothing!

Please read my earlier comments Adamski, I'm now going, but good luck everyone, with Brexit looming who Knows anything!

Rr101 - I float along these boards sometimes when I have A gin in my grasp, all quite entertaining. There is some relevance to the amount of buy and sell orders shown at the end of the day as they generally carry through, however you and I will never know what's what! so one needs to take these with a pinch of Salt!

Adamski007 - you are clutching at straw's my friend.....

If people on these boards don't know the basics, they will shorten their wealth.

But I'm assuming you all know that!

Adamski - its all very well showing buy order's but these are made up of various buy / sell and shorts closing! They are not all BUY orders!

They will be showing somewhere assuming you held on ex div date , probably in cash account, unless you set preferences to re-invest divs....