RE: Graphs8 Mar 2021 20:41
Hi jefff,
I'm doing okay. Last week I got two Chinese female investors to sell their BP shares in exchange for RR. However, soon after they sold their BP shares, the oil prices shoot up and BP was racing for £3.30 while RR dropped to £1.05.
Anyway, I told them not to watch bp shares as it was a temporary rise that followed the oil spikes and that RR was a better investment as they could own 3 RR shares for 1 BP share. Anyhow, thank God BP shares dropped today and RR went up. Also, I told them that each of their £10k at £0.98p,
will in two weeks time reach £1.50 while BP shares will be still hoovering around £3.25 to £3.40. Therefore, in the short term, I expect a rise to £1.50 for RR and its not difficult to reach this target price while BP shares will be suppressed due to other countries putting pressure on the Opec biggest members in not allowing the oil prices going over $70usd. As it turns out, I was spot on with the rise of RR and BP and oil prices levelling down. Moreover, the medium term RR share price will be around late Autumn 2021 where the RR shares price will have found base between £1.95 and £2.12. By the spring 2022,the RR will be moving towards £2.35. By the Summer 2022, RR will be around £2.52 to £2.65.
All the above with the understanding that we move away from the lockdowns and we regain near pre pandemic long haul air travelling levels.