I was trying to build a position but I decided it was best to sell everything )both A and B shares).
I don;t see 80 for quite awhile. In fact I see the 50-60 range for the next year.
Also contributing to the lower price is the strength in the US dollar. I think we are on the lower end of the price so I am looking to accumulate. RD had a really nice move up on Friday. Is is a run up to the dividends? Short covering?
The refining and chemical business is like a hedge to help when there is a downturn in oil prices. RDS is getting a double hit from a decrease in oil prices but also the strength of the US dollar.
If Europe does the QE thing the dollar should increase over the euro. It should help RDS. I started using the step buying many years ago. I would divide my investment into 4 parts. Then I went to 8 parts. I finally ended at 16 parts.