Massive profit warning on Thursday and a little drop. Today there's a nice bump (so far). I'm thinking, with the profit warning, there should've been a 10% (or so) drop?? My questions for the board are: Will RD beat expectations If at the earning announcement they declare earnings greater than the recently projected profit warning of $2.9 billion? And, was RD so depressed prior to the massive profit warning that they lose very little ground with such a warning?
A big mystery, even with a big fall off on earnings, there must be people that love RD. It did not budge. I think there is a bottom fishing folks hoping for the dividends on Oil majors. I will just wait. Price is too high to chase the dividend.