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I did say half the cars and I can imagine many probably haven’t filled up since lockdown began.
There’s roughly 32.5 million cars in the UK, most are probably sitting with empty fuel tanks at the moment.
When lock down ends if half of those cars are filled with 50 litres of fuel in the first week, that’s something like 1.75 billion litres of fuel used up, multiply that by each of the other western countries coming out of lockdown and I guess a lot of the storage space becomes available again?
Anyone know what that means exactly?
Do anyone have a link for this information ?
Maybe, maybe not but because RDSB touched the 9’s at the bottom, a few dreamers on here seem to think it should be a regular thing now.
Anything will sell at the right price, cars, houses, shares. If RDSB was only worth 9 at the moment then that’s where it would trade, however there enough people who believe differently and are prepared to pay in the region of 13, maybe more?
The price of oil is rising, the burden of paying a big dividend has been sorted, some countries are coming out of lock down. Why are things worse for RDS now?
RDSB were probably over sold a bit after the dividend cut, I would expect them to recover some of the drop in share price.
I usually get caught out doing this which is why I held yesterday, its guaranteed if I sell now to buy in cheaper, the price will bounce upwards.
I called this one wrong and banked the profits to soon.
When will the extra shares be issued?
I agree the price will creep back up but think it will be a long process, if we see 400 by this next time next year I will be happy.
I’m of the opinion that demand for oil will increase, the price of oil will creep back up but demand will be lower than before the Virus so oil companies will take a hit.
Still a great investment opportunity though if a little risky at the moment.
Or maybe with the lockdown’s easing along with the cuts in production it might just be enough to give the oil companies the storage capacity to keep producing.
I see it as a short term problem though, a chance to buy in to a really good company with massive oil reserves etc at a really good long term price, no doubt others think this too.
Im guessing you think that because the price of oil is so cheap then the share price should automatically be lower but the market doesn’t agree with you.
It reminds me of my brother not wanting to pay the asking price of local house in about 2010, he was convinced they were overpriced, he ended up paying a lot more a few years later.
Im holding a few different oil shares at the moment, (BP, RDSB, PMO)personally i’m looking at later in the year before selling my main bundles but RDSB being an example, I have bought and sold a few times for a quick profit lately. I find it an enjoyable way to pass a few hours each day.
I see the current crisis as a great opportunity to boost a decent retirement fund and disappear to the Canaries a few years earlier than planned.
I don’t think women understand women!
The virus is the problem with the current oil price though!