Member Info for Boyobach

That was not how you'd want a 'recovery' day to go. After a wobbly start, the morning was strong enough but having appeared to regain the critical 1010, RDS then collapsed back below both the support and the prevailing downward trend to close below yesterday's price.
Daily chart: https://invst.ly/s8d2r
15' view: https://invst.ly/s8d6y

The assault on 1010 has started this morning. It'll tick the third box if it succeeds. My tip: watch the lows rather than the highs:
https://invst.ly/s84-d

Yeah - I wasn't sure about RDS, had been poised to top-up at 925 or less but it never got there, so I opted to top back up on CWR as I thought that carried less risk of a deeper pull back and also might have more legs if there's an energy rally after yesterday. BP and RDS had been following a similar path until RDS cut its dividend more severely and it dropped behind BP but that gap seems to be closing of late: https://invst.ly/s7wqp

With the gap at 988 nicely filled, the morning rally seemed to lose steam in the afternoon - due to the US market maybe? The closing auction appears to have pushed the price just south of the psychologically significant (rather than really significant) 1000. Let's hope for a strong re-start tomorrow morning and maybe a boost from the EIA weekly inventories. We don't want to be back beneath another (parallel) red trend! https://invst.ly/s7vk0

It was an up day for many, Leem - not surprising to see G riding upwards with the likes of RDS. I'm not complaining: https://invst.ly/s7vgq

Today going well for RDS - it was a toss-up whether to go for RDS or CWR and I chose the latter having recently taken some profits there and wanting to top back up. RDS is not out of the woods, of course and I may yet have my cake and eat it.
It has, however, cut through two of the recent limiting trends with just the third (purple in the chart) - arguably the most important - still to go. So far 1010 has been tested and is resisting recapture at present. A close above 1010 is an essential recovery step: https://invst.ly/s7u9c

An interesting glimmer of hope since that last post: https://invst.ly/s7ozm
Maintaining 975+ would be encouraging.

The dividend and risk associated with it is now key to establishing the sp.
RDS must fund its transformation plans and deal with the realities of today's oil & gas market. If the current dividend was a certainty then today's sp (yield around 5%) would be 'about right', if there was a realistic prospect of parity with BP - which only cut their dividend by 50% - then the sp could achieve £14 or more. However, if investors feel the dividend is still at risk then the price will continue to drop.

Yesterday morning's price action appears to have been an acceleration of the falling trend of the prior three days, with a rally in the afternoon that failed to break that downward trend. In other words, it's too early to say if the price has stopped falling and IMO it hasn't:
https://invst.ly/s7nt-

....... this is one of the only main market shares in the green- how come??
I dunno Leem - perhaps bunks is right, they've all been so busy elsewhere that they've forgotten about G!
Ha! I don't actually think so: GKP and DNO didn't escape attention did they?
It's going to be rough time I think - so GLA and stay safe.

You could well be right Marfthew - my observations are generally from a long-term/lower risk perspective rather than trading, although timing is important even for long-termers. GL

There'll be a gravitational pull to previous bottom 890 or trend bottom, which is more like 920. Either way it is levelling out for now. Time to sit and watch as far as I'm concerned.

Probably as steep as it gets: https://invst.ly/s76n8
Might be a good idea to step away from the cliff.

...better to buy on the way up than on the way down....

That was me Barrie.
You'll know when it has turned 'cos the highs will progressively get higher (I watch a 15' chart if I'm being keen). It certainly hasn't happened so far today!

On Friday Barrieprov said: ‘RDSB shares have lost 5/8 of their value since their peak last year…. ‘
That was a drop of 0.625, the divi has fallen by 0.666….
On a pro-rata basis that would logically mean that RDS is heading back to 890?
Prescient perhaps?

Just going through the motions here - a rubbish week for RDS and G in particular: here are the usual runners since last Friday:
https://invst.ly/s6hyn

typo obviously:
'.....better to buy at 1000 on the way up than on the way down...'

I’ll keep buying on dips ...

I've done that myself and it's often proved to be a disappointing road to follow. I reckon it's better to by at 1000 on the way up than on the way down - when you can be fairly confident it has turned the corner. RDS has already reached 990 and the pace has accelerated since Tuesday. https://invst.ly/s6gva

I notice that as the cheerleaders - Hawkey and Hasiba - have deserted the ship, I'm tending to be more positive than usual in dire circumstances. Ha - pathetic! I'm not about to be ramping quite yet, however.
I'm sure that some of the pressure on G is a reflection of what is happening with the majors. It's also fair to say that the pressure on KRG finances will continue to be a big drag for G, GKP and DNO.

As RDS is primarily a dividend, rather than a growth, stock the main calculation for institutions and many others is presumably regarding a satisfactory and secure level of yield. This is hovering around 4.9% currently and, given that RDS cut rather more than BP, presumably on the basis of not cutting twice, and has, I believe, also based forward guidance on OP below $40 average for the year (it seem set to be $42+) those factors should relieve some of the downward pressure. However, there's no doubting that some potential buyers will be staying away right now to see how low it will go whilst some holders will be considering the same issue from the reverse side. It's the usual game of chicken in that respect, so keep watching the highs would be my advice: https://invst.ly/s6dgs