Member Info for doubleorquits8

Yes, but often when trading RDSA I found it moves more than RDSB and the dividend is dwarfed by the different movement between RDSA and B shares.

Glad I bought RDSA then! Prefer them for movement and volatility compared to RDSB!

US now closing the initial drop, hopefully with all the bad news out the way onwards and upwards into the Spring and Summer recovery. Fully loaded in BP and Shell, hope everyone managed a load up at these prices. To me they are a relatively safe bet compared to Tesla, Facebook and other over cooked and fundamentally over priced tech stocks. So if there is a market correction our shares are underwritten by actual assets and actual profit and income and realistic valuations. Good luck everyone, hope we get a nice tailwind into 2021

Char - Agreed, US premarket RDS is down 2% so not going to have the spike up we had and expect us to slide down with them from open at 230pm UK time

Char - Agreed - Premarket in US RDSA is 2% down... We will fall with them...

"Royal Dutch Shell sees huge loss as pandemic hits oil demand

Oil giant Royal Dutch Shell sank to a net loss of $21.7bn (£16bn) last year after the coronavirus pandemic caused demand to slump.

The announcement comes after two of its rivals, BP and Exxon, posted similar big losses.

Looking ahead, Shell said "significant uncertainty" would continue to have a negative impact on demand for oil and gas products.

As a result, it said it might need to take measures to cut production."

Can anyone update on how many shorts there are on Shell at the moment? Talk yesterday was on lots of shorts who must all be burning on this tick up. Will the tick up hold through the day when US opens?

Market doesn't seem to know which way to go!

Consensus was that earnings for the quarter would be £597m and actual earnings are £393m so I imagine this will be played down by 5% over the course of the day. Good buying opportunity.

I read somewhere 9/10 gaps always get filled.

https://www.investopedia.com/articles/trading/05/playinggaps.asp#:~:text=When%20someone%20says%20a%20gap,occur%20because%20of%20the%20following%3A&text=Technical%20resistance%3A%20When%20a%20price,behind%20any%20support%20or%20resistance.

I reckon we will be held down until Thursday then pulled down for a one day thumping where we may see 1200 with a drip down through the day, especially when the US opens as has happened to BP today.. I'm trying to resist the temptation to buy before Thursday. My gut feeling is 1200 ish is a pretty safe bet being the lowest Shell hit in the 2008 recession and is a good point to get back in. Jumped into BP today at 258 so feeling a little sore watching it go lower to 250! Amazing in the face of higher oil prices and bubbling US S&P 500 and futures and FTSE 100 all well in the green!

Chevron numbers not pretty:

“Chevron Corp. surprised analysts with a fourth-quarter loss as weak fuel demand slammed its refining business and the company incurred hefty charges from its takeover of Noble Energy Inc.

The California oil titan lost a penny per share during the fourth quarter, compared with the Bloomberg Consensus for a 7-cent profit. Oil and natural gas production rebounded from the lowest in more than two years as the explorer assimilated fields acquired in the Noble deal and restarted wells briefly curtailed during last year’s crude-price collapse. The shares fell as much as 3.3%.

While the worst may be over for Big Oil, the scars of last year’s crisis will last for a long time. Chevron aggressively cut capital spending to $13.5 billion last year but that was still in excess of its $10.6 billion in cash flow. That meant borrowing more to protect dividends, contributing to a 64% increase in debt to $44.3 billion. To be sure, half of the rise in borrowing came from the Noble acquisition.“

Glad Shell aren’t keeping dividend payments piling up the debt!

Err and it’s also an over hyped market with dismal news for many many companies that 2022 isn’t going to be great, easyjet say Q2 will only have 10% of 2019 flights in the air and vaccines won’t be the solution to air travel any time soon.

US Futures 500 down 2.7%, looks like the beginning of a correction to me. The question is will Shell follow it down. Shell had a lot of volatility today, down and up like a yo-yo.

This is an opportunity but when is the bottom. I wonder if the short sharp 10% US market correction Goldman Sachs predict will pull Shell down with it.

US BP and Shell both look like they will close down 3-4% today which doesn’t bode well for tomorrow turning the trend up.

It has filled the gap up anyway! 9/10 gaps always get filled!

Courtesy of the Telegraph today:
“Goldman Sachs says the regime change from a deflationary world to a reflationary world will be choppy. It warned clients this week to brace for a Wall Street correction of up to 10pc at any moment after its tactical Risk Appetite Indicator (GSRAII) hit “extreme” levels of exuberance. This does not mean a bear market. Goldman Sachs says it should be treated as a buying opportunity within a long cyclical expansion that remains young.“

I was watching one analyst about a week ago who expected the US markets to drop 10% once Biden’s stimulus sunk in and reality struck as to how it would have to be paid for combined with soaring US Covid and lots of worldwide lockdowns kicking in. May be a gloomy week or two ahead before signs of Spring appear.

Very interesting graph Bayobach - Always like your graphs as they are very informative

Brent down 3%, US futures all taking a hit down too. Has bad news broken?

Interesting article and video in it (from 2 hours ago) on the oil price rise running out of steam. Combined with the huge spike to come in US Covid cases / deaths / lockdowns when UK variant spreads I still think a pull back will happen as demand will plummet again.

https://invst.ly/tg8gg