Makes no sense to me. Low PE (8.28) slightly lower than CVX and XOM, and better dividend yield. Yahoo price comparison chart shows RDSA has lagged both for many years, so European recession can't be the problem for this global player. Shell thinks shares are too cheap as they announced today that "on 25 July, 2013 it purchased for cancellation 600,000 "B" Shares...." Have had shares for over thirty years and have profited mainly from splits, good dividends. RDS suffered when taken out of S&P500. Also, the dual shares and tax questions confuse people, Someone have a theory?
In 90% at 63.22. Earning season and dividend effect is kicking in. I believe Rd will reach 68 plus prior to x xdividend! Barring any MAJOR eco political issues, we should start seeing a rise from here. Good luck!
RD now is moving the opposite of the market, much like last February when everything move up and RD went down. It is looking bearish if you draw a top trend line extend to $67.00 resistance and if you bring that same lateral line at the bottom pivot it is extending to $58.00 (support). It is scary to think RD will going the opposite direction again and wind up into $58.00. Just an observation of the channel line.
Over the years I have seen RD move in opposite directions to other oils. I never was able to figure out why so I no longer am concerned with the day-today moves but I look at the range instead.