RE: Job15 Sep 2019 16:08
dont think theres much danger that oil will jump tomorrow and rdsb an bp etc will rise on the back of it. the issue will ne the longer term knock on effect of how long supply will be disrupted. thats an impossible one to call.
For me as a big oil holder, i see upside, after all oil s down on recent highs. Rdsb was over £25 a few months back, so 10% lower than now, they also pay a good dividend, and this is the reason i build my holdings in oil as my main strategy (lth at heart). you can benifit from spikes in sp, but have the divi as security in poorer times.
it will all depend on what the actual damage is and the timescales to fix things imo, but of course the other producers like russia could easily up their output to stabilise world supplies and negate most of saudis output drop. Never a bad share to hold though rdsb. Hope your all having a great weekend out there.