Member Info for char333

Markets in USA falling back recently. Even the tech sector. Netflix didn't do as well as expected yesterday so sentiments went down.

I see conocho & another company bought other companies this week. The lower the share price goes an takeover or merger would be greatly received. Not much buffer left now between the march lows. The days when shell rose £1+ look a thing of the past. Yes we need the update, but each update reminds us how much of a mess were in.

Hi. I wouldn't call 220 & days temporary myself. All's I've heard is when it's over , but it's showing zero signs of abating.

With respect, you've come to the same conclusion as poker chips highlighted 4 months ago. But in a more in-depth way. But your summary is the same.
1, no vaccine
2, still huge number of cases
3, still alot of deaths. 4, no Brexit, well there never will be.
4,. Ongoing tentions within oil producers, Russia , Saudi, OPEC, etc .
5, trump v China
6, trump v everyone who stands up to him
7, still huge macro problems in oil, especially in USA.
So we're exactly where we we're b4. I recall saying about 2 months ago that I'd be happy for the share price to remain where it was, about £11 40, which to some seemed negative. Don't seem that way now with the steady decline down. People can analyze the fundentals till the cows come home, but to me it's black & white. It's a bloody long way back & things still look bleak. I must say people are under an misapprehension regarding my dislike for RDS. No true. You can't blame shell for any of the problems above in my list. Up till the last year RDS had always served me well off & on for 20 years. Very good company, but facing huge issues not if their making.

Sods law. I think bps earnings & dividend announcement is on the 29th also.

BP earnings .

Well this is the thing. A guy on the advfn used to reiterate how RDS isn't just oil. It's oil & gas etc. But from what little I've seen chevron & Exxon shareholders haven't endured the same falls & cuts has RDS. Seem on the surface at least to be viewed in a better position when I hear presenters on CNBC talk about chevron & Exxon. It will be interesting to see if no report their earnings before RDS on the 29th to see how their earnings & dividend stand up.

Well I don't follow it now & it's not in the news now as frequently as it was. Had a huge government bailout that's for sure.

Well I think you Rai some very valid points. Especially regarding previous SP highs. Yes this was £25& a few years back, but things have changed drastically over the last year or so in oil, especially in USA. The old SP bears no resemblance to the current plight of RDS. I recall in 2009 a colleague stated he was interested in maybe buying rrbos(NatWest) as the share price was at £4, but had been as high as £17. He left for a new job the next week. Rbos was restructured yet again & the share price became £2. I think the government now owns 80% of rbos. Judging shares on previous highs is a foolish thing to do.

Yes, that's what I'm really hoping for. The next update after that will I feel show if this share can ever recover to £16 & beyond. Because after that update I believe it will show if this will be like Tesco, Vodafone & Sainsbury's where the share price goes no where but meanders along. I sure as hell hope that doesn't happen. Hopefully with the onset of autumn & dark nights & colder weather people go out much less & the measures to stabilize cv19 really begin to show real progress. Though in winter flus are at their most potent. It's a terrible situation & no end in sight. The full financial fallout will be on jobs, profits etc etc & will be gigantic.

Let's hope the dividend is held at 16¢ for the next few updates.

Fall today. I only caught the back end of the story so it may not be 100% spot on. I was watching Brian Sullivan today , or sully as he's known on CNBC & he speculated today's big falls in markets may have been to do with face & Holland taking much sterner action against the big technology companies. He said there was an article in the F T relating to it. He also said the on going lack of a new stimulus package in USA looking lightly was a less contributory factor. Sullys expertise his in oil btw so if it had been oil specific , sully is always in the know.gets alot of insider information from OPEC etc etc.

That's alls people have been doing for 9 months is saying in 12-18 times things will have turned around. But that's just positive thinking. There's no way this message of cv19, Brexit & all the other macro & oil problems are just gonna disappear. Wasn't it poker chips who highlighted all the problems facing RDS about 4 months back & still none have been resolved. The full impact of cv19 is still in its infancy imo. In may to July RDS rose considerably nearly to £15. Well let me leave no one in any doubt , it will be a ruddy long time b4 this sees £15 this time. The only way back to beyond that imo in the timeframe stated is a merger or takeover. These low prices will be the norm for a good while.

A disappointing few days after last week's rise. Can't seem to hold any gains. October historically used to be huge sell offs. All the old adages of buy in may then go away etc etc, just have no relevance over the last 5 years or so. I'm not sure why the markets have changed so much. Maybe since the banking crisis new patterns have emerged. The so called cyclical stocks , of which
oil was 1, don't follow previous likely routines. I seem to think this new direction of stocks is driven by the faang stocks, which in the main are fairly new , by comparison to oil, banks, pharmaceutical etc etc. With the continued world's problems the faang upward spiral continues apace. Enjoy it while it lasts, because as sure as eggs is eggs, some of the faangs will come to a crashing Holt & new companies will fill the void. That's what history tells us.

Hi. I saw it on the advfn BB . Where a poster referenced it. Also their was an article posted by an analyst that someone had posted on there predicting that kind of fall. I'm not a member on advfn as you you have to pay for that.

Very good advice to follow. Indeed it's good advice to follow on all social media networks.

Very good advice to follow. Indeed it's good advice to follow on all social media networks.

As a long term buy, yes , if the dividend holds at current ¢16. By end of 2021 , maybe 35% ISH , if the world's macro problems improve well. On the low side, a saw a few analysts had it at £5. Perhaps they know something about forthcoming results. But if results are taken badly a retracement below £9 could see 15%ish lower from here. Even in a great 2021 I don't see £17. But wouldn't it be great if I was wrong.

Hi. I'd think I'd had all my xmases & birthdays in 1 if this makes £17 by end of 2021.

Hi. Im not pessimistic, I'm a realist. Many many many people stay upbeat when shares plummet. It's human nature. It's because that's what they've been taught. Hope for the best. That's their choice. As I've said many times this won't make £16 this year. Bit early for 2021 predictions, but if I was to take a punt right now. Ummmm, I'd say £17 would be great achievement by end of 2021, given the huge problems in the world not just the oil world. I won't make a prediction on the lows as my self prophecy usually comes to pass. All's I know 100% is it's a long bloody way back now in the current circumstances of the world. Fact.