Member Info for Boyobach

Looking at the period since the end of Feb, G remains near the top of my usual comparison group. Holding up well under the circumstances: https://invst.ly/s6bam

Maybe £9 or lower at this rate.....
Well, with 1010 gone it'll move sharply to the next level, 985-990 maybe. A bit early to call 890 but that's the previous marker from March 19th.

Fair enough bunks. Only underlines how small the volumes are.
I also realise that in terms of G v OP ratio that UT has knocked G back to about 23p below par (with respect to its long-term performance) . It's the kind of level that I'd usually be thinking about adding if I was underweight. It's tempting - I've now got three potential destinations for today's CWR proceeds.

Yep - it's almost like there was a low volume flip between GKP and G this afternoon. I've seen that odd correlation before and I'm sure that some punters do do that. Just a whacky observation -https://invst.ly/s61cs .

Leem: Yikes, from a technical perspective that close was grim. What on earth...??
Back on G ?
Yes, bunks keeps more of an eye on volumes but I think that the UT volume near 27k may have represented about 30% of today's total volume. The price had already started to drop towards the close with only around 2000 shares going in the last minute (A trades). The fickle finger points it out here: https://invst.ly/s60z6 . Not sure what to make of that - let's see what tomorrow brings.

The support at 1010, under pressure for over a week, held today - some very brief and minor excursions below but, perhaps critically, a push back against the trend that had been increasingly suppressing the highs for the last 24 hours (purple) https://invst.ly/s60fi . The battle is not over of course, just clawing back over 1024 -1065 could be a drama but the sp might snap upwards more rapidly if buyers sense that the bottom has been reached.

Sounds good.... one snag, maybe:
'This sort of announcement, however, has been made before and no progress has been made, so it remains to be seen whether this time will yield a more positive outcome.'

If 1010 gives way - and the pressure is palpable - then, IMO, it won't so much sink as plunge:
https://invst.ly/s5xjb

Re CWR, I gradually increased to 4x my original stake by trading in and out and have just sold half of that- am happy to sit back as my net cost per share is down to around 250. Yes, I'd buy back today's offload at around 520-530 provided I haven't used the cash on adding RDS - watching that very closely as it's under real pressure to drop below 1000 and revisit March lows, which seems bizarre given that they kitchen-sinked at the H1 statement, slashed the divi and gave prudent guidance based on OP remaining lower than it is.

Can't help you on that one Rangor - never looked at it.
Were you in CWR? I've had a good run on that one - took some tidy profits today.
RDS has been my problem child - in intensive care at the mo but will eventually come good I think.

Agreed Pokerchips.
Unfortunately conspiracy theories tend to be more popular for some, especially when things aren't going well. Rarely justified with convincing data.
As a matter of interest here's RDSB against BP, Brent, Natural Gas and FTSE100 over the last two years:
https://invst.ly/s5ldl

Midweek Brent v the Oil Co’s + FTSE100: https://invst.ly/s5jmf

OP rallying courtesy of EIA weekly report:
Investing.com -- U.S. oil stockpiles declined last week, confounding expectations, according to the Energy Information Administration.
https://uk.investing.com/news/commodities-news/oil-stockpiles-fell-44-million-barrels--eia-2212854

So Brent is currently heading for 5% up since last Friday and G at exactly 0%. It’s not unusual for G to see a delayed reaction, rather like RDS.

Here’s the group (plus BP and PMO) since March 1st (just before the main COVID collapse): https://invst.ly/s5jp8 with G generally doing well until the H1 statement - déjà vu 2018

The OPEC story on Monday hasn't helped this week:
https://www.cnbc.com/2020/09/14/oil-and-coronavius-opec-cuts-2020-demand-forecast-trims-2021-outlook.html

Well that's 1010 tested again - will that signal a rebound or is it just the prelude to a further step downwards?
https://invst.ly/s5i49

RDS is often slow to react to OP movements but, apart from a token flick upwards this morning, the recent short-term trend (blue) remains downward despite a $2 lift in OP over the last couple of days (15’ view):
https://invst.ly/s5e1f
Just recapturing Monday’s opening level around 1050 would now be an encouraging signal.

And your conclusion Daniela?

A sluggish but positive reaction to the lift in OP today. G should really be up above 130p on average performance.
Maybe this is 'as good as it gets' when OP appears to be stuck below $45.

Well you are right about volumes bunks (lower half of this chart):
https://invst.ly/s540x .
it was nearly 1.1m on Friday and under 100k today (moving av 274k) according to this .
Hope you are right about a BSD although I can't see anything there to indicate it except for the cyclic nature of the sp.
Because BSD's invariably tempt out some profit takers it may take a couple of cycles to get back up to 150.

The immediate question is whether 1010 will hold given the increasing pressure upon it:
https://invst.ly/s4woa
Yesterday's 1050 high is currently set to be tomorrow's 1030. It's a stead drip of around 10p per day and RDSb needs to recapture 1065 to begin turning the corner.

Regrettably, the slide does appear to be continuing (15' view): https://invst.ly/s4uqg