Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You have voiced some strong views as to where this is going, why not short RDSB alone?
@FJG, why on earth put in that much effort? If you are so convinced you are right, sit back and enjoy the climb.
I guess todays results answer the question about whether RDS can make money at these oil prices. I am surprised.
@Jordan - so at this price you buying more?
@londonmf - my opinion is that it is over priced at current levels. as of today the average oil price for the year is still well below last years average - even on a GBP price per barrel basis. obviously further weakening on the GBP or USD65 pb could change this.
well done to those that decided to hold! I was looking for a lower price to buy back in....looks like i have missed this boat.
i am by no means an expert at this game but I have seen decent returns over the last +-year since i started investing / trading. The biggest lesson i have learnt so far is that impatience can be expensive. I doubt we see £13 again but am confident of £17.
if it get there, i would be happy with £17. if it goes further i will add and hold
The issue of budget deficits in Opec countries is another consideration. At some point, they are forced to take action to plug their deficits resultant of low POO. I note the Saudis are moving to fill the deficit with their first USD bond sale. This extends their ability to withstand low prices. If the lower for longer prediction proves correct, it seems logical that Shell will have to cut at some point.....but do they cut the div or do they use a combination of cost cuts and restrained capital spending? My guess is the latter (just a guess though)
I think Spikyj got it right earlier in the week......There is a long queue of investors looking to get in here. With oil dropping again that backlog is likely to thin out then we will see a drop down to levels supported by the fundamentals. of course, oil could rocket up and we don't see current prices again. My guess is that we see 1700 before we see 2200. you can be sure that if it gets to 1700 and i buy in, we will see 1500 shortly thereafter. GLA
Ultimately RDSB cannot outrun a low oil price.
for us to get another opportunity to buy in here? 1700 is the target
@Bigbadbaz...even once i have factored in the GBPUSD movements, i cannot find justification for the very steep movement over the last few months. So i reached the same conclusion as you....sell and then hopefully buy back in lower. problem is i sold at 1880 so missed a big chunk of the up turn. not too upset because i made good profits but its hard to to regret the decision when it carries on travelling north. The only justification i can think of for the big upwards moves is that investors are moving out of £ earning companies into $ earners with the expectation the £ weakens further. Certainly i can see no correlation between the oil price and the current RDSB SP. Of course, there could be valid justification that i cannot see and the SP continues to push up. GLA
even when the £/$ is factored in, the difference in oil price vs RDSB share price performance is at its greatest in at least 5 years. does oil catch up, does the SP fall or do we see more £ weakness? i sold out at 1880 hoping to get back in at 1700, so its clear which i am looking for. good call to those that stayed in
got to say, when i woke up friday morning i was positive i had made the right call to sell at 1880. looks like i was wrong. again
got to say, when i woke up friday morning i was positive i had made the right call to sell at 1880. looks like i was wrong. again
@caitlin1 if you don't mind, lets pick up the 1700 order before we sail past 2200
so where does this open?
the plan is to sell at 1880 for a decent profit. buy back in once it drops to 1700. lets see if my crystal ball is in good working order
80 bucks...surely not. close to 170% in a year! hope the analyst is right though.