Lord Adam4 Nov 2016 21:04
Yes, intelligent reposte, thank you. One can always close the short at divi dates and sell back in since spread is small. I do not envisage RDS paying out $3B a 1/4 for much longer. Yes, downstream is good, and of course they like gas at the moment with the acquisition of BG. OPEC is a shambles, and POO might, I say might be below $40pb within 12 months. Goodbye 6% divi. I believe the introduction of family affordable electric cars, I hope H2 FC, will be quicker than pundits state, and this will have a significant affect on POO. This will also bring down price of gas, since no matter how green we think we are, if POO falls it will compete with gas. Of course SP may go up, and when it reaches an `acceptable`loss, I`ll close. It aint going to shoot up 20% in a session like AIM stocks, but it may drop10-15% on a rns saying the divi is being slashed. BvB predictions on cash flow, profitabilty etc are based on $60pb POO. I don`t think this will happen, indeed the contrary. But, the two ignorant Tw**s who think I should burn for shorting only have to remember that if the fundamentals remain good, the divi is paid, the POO stays about $50pb they have little to fear with my short. The idiots.