Member Info for Boyobach

I wasn’t keen to call it a bounce earlier but RDS continued to power up today even as Brent weakened and Exxon and Chevron stumble on their Q3 results. This is the best RDS performance against OP in over a month - check out when RDS was above the green Brent line in this chart rebased to Sept 1st.
https://invst.ly/snnc9
RDS would recently have struggled to reach 930 with Brent at $42 but, on today’s performance, 1030 would be conceivable at that OP.

Article on Exxon & Chevron:
https://spectrumnews1.com/oh/toledo/ap-top-news/2020/10/30/exxon-chevron-lose-887-million-as-pandemic-pain-continues

Compared to 847 when Brent was $39 a couple of days ago, I guess you could call it a bounce. Maybe for LT holders it's more of a step in the direction of recovery. Let's see how the market responds to Chevron and Exxon later today. RDS has yet to break out of its five month downtrend - so I'm not counting any chickens.

Yes
In the context of OP, which continues to be weak, this is shaping up to be RDS' strongest day for over a month.
Comparisons since Sept 1st: https://invst.ly/snfyo

None - redundancy affects workers.

Ha! Think of all the office blocks, commuting and travel that zoom will permanently make redundant.

Filtering is an essential tool here on LSE. One shortcut I find useful when I have filtered someone but want to check on their latest post without the hassle of removing the filter, is to simply click on their name, which appears in Thread View whenever they start a new one or respond to one. I guess you could also save and use the link to their member info page. I'm not sure why you'd want to do that, although it might be handy if there’s not much on the telly and you've only got an old telephone directory to read.

Quite extraordinary bunks - turmoil elsewhere but G has rarely been as steady.
Least said the better maybe?
Here's the comparison since 1st March. Exemplary TBH:
https://invst.ly/sn2n7

The dividend policy won't have made much difference to the debt position and, I think, gives institutions and income investors a clear pointer concerning divi policy, which should begin to underpin the sp.
With commodity dependent stocks, like RDS, I like to have a ‘rule of thumb’ sp in mind which helps me gauge how the underlying price is performing independently of the commodity.
Following todays Q3 report and recent sp action, my current model for RDS’ sp, which I feel is consistent with the new dividend policy and company guidance, places RDS at nominally 930 with Brent at $40, varying by about 20p for each $1 change in Brent. I’ll adjust this model as time goes by but it currently gives me a nominal value for RDS of 890 at $38 Brent which is in the ball park today and gives me some kind of reference to judge RDS over coming weeks and months.

As I type, the ICE price for Brent is below $37.3 about $5 down on last Friday’s market close. This will potentially have knocked at least £1 off RDS in the meantime.
https://invst.ly/smz90
Because the US market is closed, Exxon and Chevron have yet to react to the continuing steep fall in OP.

For those watching Brent on Investing.com (which I use on my charts) be aware that the intra-day price is currently the January contract, about $0.5 above the actual ‘front month’ of December - they invariably switch on the last Sunday of the month. Their historic daily data for Brent will be correct for LCO.

I agree with Pokerchips.
Trump has always pursued policies that encouraged a low OP - how did that benefit RDS?
Biden is a Corporate Democrat rather than a Progressive (which is probably a pity for the majority of US citizens).
He is effectively a moderate Republican, who Trump has tried to portray as a Leftist like Bernie Sanders.
However, Biden may well restrict the activities of Frackers on environmental grounds via regulation etc. This would assist OP.
I don't think the Presidential choice will make much difference to Big Oil either way

It'll take a day or two for the Q3 statement to be fully digested by the market but the first hour's trading seems to have put RDS roughly back where it was on Oct 2nd, when Brent was just a touch higher:
https://invst.ly/smv4t
Back in June, when Brent was similarly priced, RDS was 1300. So perhaps reactions here today simply reflect relief that yesterday's significant drop has, for the moment, been reversed. RDS remains under the five-month downtrend and would need to be around 920 today to be showing any prospect of breaking out of it.

Brent isn't down 5% since the stock market closed at 16.30 - only slightly down according to ICE. We've already seen the effects of that 5% drop.

I don't think it's productive to argue about the vaccine, scientists seem to agree that finding and producing an effective one is not a certainty. I'm invested in RDS because I think it's a good long term prospect whatever the vaccine outcome, I would not remain invested if I felt the company's prospects were utterly dependent on a vaccine being found.

I have similar views to you Mj although I'm not sure about Peak Oil (demand) being a decade away - not that I'm qualified to say, it's just based on the range of arguments and sources I happen to see, including reports and arguments about BP's 'Energy Outlook':
https://www.bp.com/en/global/corporate/energy-economics/energy-outlook/introduction/executive-summary.html

RDS continues to track Exxon over the period since their peak in June. BP still lagging over that period whilst Chevron still leads the way. All four have Q3 results this week: one down and three to go. Friday represents a chance to evaluate all four.
https://invst.ly/smhaw
It was always a bit risky to top-up whilst RDS was below that long red down-trend. add to that the absence of a well defined support level and blind faith in a vaccine and you have a massive trap for the unwary.

The availability (or not) of a vaccine has certainly become a distraction (it's correctly named so not a misnomer). It is best to assume that there will be no effective vaccine and contemplate what will then happen. We know that people generally would rather take risks than remain locked indoors and will live their lives according to their risk tolerance. Governments will eventually have to accept that elimination of the virus has not been successful because they were unable to keep their populations sufficiently united and disciplined and they failed to target controls at appropriate groups: those at greatest risk and those most likely to come into contact with them. People will adapt their lives and live with the consequences. There'll possibly be a good market for domestic ventilators. The energy market will balance and OP will return to $50+ although travel, hospitality and office working will undergo long term changes.

Char: 'Well , new lows. No buffer now.'
Correct Char - When a key support fails it is not a wise time to add impulsively.
I did buy today - but definitely not RDS.
Tomorrow's statement will either steady the ship or confirm that the rocks are getting a bit closer.

Hi Jim - I'm not going to offer optimism for anything oil related right now. Many governments have been unable to control COVID whilst they had public support, now they are losing that too. I'm hibernating till March. Best of luck mate!

Two conflicting headlines of transient importance and one relatively encouraging one:

‘Oil Prices Rise As Another Storm Rocks U.S. Gulf Coast’

‘Oil Rally Stalls On Larger Than Expected Crude Inventory Build’

‘BP Beats Forecasts To Return To Small Profit In Q3’

All from OilPrice.Com in the space of a few hours….. WTFDIK - or indeed anyone else.

Given that it’s the EIA report tomorrow, I’ll wait for the definitive numbers on the inventory. But, in any event, BP has possibly set the bar as regards what the market expects from Shell on Thursday.

Meanwhile, Pokerchips was spot-on when he said something to the effect that 890 looked like a good price when the sp was 930 but if it falls to 890 then the doubts would start to creep in. And well they might: it’s the last visited point of support, the next ledge below it (which looks to be in the region of 820) has not been tested in a quarter of a century: https://markets.ft.com/data/equities/tearsheet/charts?s=RDSB:LSE

I think this line says it, Bimmer: 'Shell, the world’s largest LNG trader, is expecting a “significant impact” on LNG margins in the third quarter.'
So it's expected - nothing new as far as RDS (or the market) should be concerned. If they announce the numbers with shock and amazement and say their guidance has been wrong then..... they are incompetent and the sp will dive.