just when you thought it was safe.6 Jul 2022 19:22
well , it looks like oil is no longer the bees knees. on cnbc old cramer , yes i know no one likes him, has been saying target prices for many top companys need to be more realistic + drop some way. well with the brokers mainly quoting £27 + i couldnt agree more regarding shell. did brillintly to get past £24 with the current divi. ive did may last top up around £20 , but will hold fire now, as it difficult to know which way comes next. id usually say roll on results , but cramer was saying exxon are making 18 billion last qtr , but share is in free fall, as markets now expecting reccession + inflation to hand in hand to scupper markets. sods law , but one day it will reach £24 again, may take ages , but if the divi gets upped by 4% , then ill just take that + party. it looks a long game again, ut 2 years back most would have been jubilant at £20, so i comfort myself with that for now. shame for those who reinvested their divi on monday though.