I’m not going to sell my existing holding of DEC but might start buying more in morning (before US open) and selling in afternoon. The fluctuation in DEC share price every day is getting predictable (in my opinion).
That RSN has made me confident of a share price recovery. As someone else pointed out DEC know the price of capping wells as the have a business doing just that.
Shorts will close as div gets nearer. There also seemed to be a lot of auto trades yesterday as stop loses were triggered.
Just going to hold, take divs and wait for recovery
Don’t think these will go to 420, great price this morning, bought more. So have bought at 500, 483, 474 and 464. Recon will back up to 520 very soon. And great think about drop Glencore buy back buying cheap!