I'm just about positive that the present European QE that is being pumped into the EU financial system is driving down the value of the EURO which in turn kills any chance of any large upswing for RDS-A. That's why RDSA.AS overseas has barely suffered compared to RDS-A. My fear is that the EURO may be heading to parity with the Dollar.
Then there is always the thought of what will happen when Janet (snake eyes) Yellen starts to raise the interest rates here in America. I would like to know what others thoughts are on this subject. Thanks
Guru, I envision the same scenario to transpire in the not so distant future. RDS-A has taken a real butt kicking since it’s $83.00 high last year…. and like you said, RDS-A has taken a lot more lumps than its overseas cousin (RDSA.AS). We have a lot of catching up to do. I think the EURO will recover but it will most likely be slowly because of the Overseas QE being injected into the main artery of the European banking system. Correct me if I’m wrong, but when Federal Reserve injected all the QE into the US monetary system here, it devalued the dollar for quite some time, we just sat back and watched the devaluation of the dollar little by little. At the same time, the value of the EURO rose and made RDS’A shine. Note: I didn’t like RD’S PE ratio at that time because it was over 20, and it was a warning sign to all of us.
I think oil prices will slowly rise from here and this rise will carry RDS-A upward (with or without the EURO’s help) and like you said… if the EURO does start to gain strength, it will act as rocket fuel to propel RDS’A up even faster and longer. This is great news for any long-term investors. Right now we are probably witnessing a bunch of “short covering” and “run with the herd” investing. Even after last week’s announcement that stated oil inventories were still building, oil stocks done well. It makes me wonder what will happen when they announce that inventories have fallen. It’s coming, we just don’t know when or what Wall Street’s reaction will be.
Good luck to all
When it comes to oil, I think I've seen less volatility in an nitroglycerine factory. This is what you call down-right "follow the herd" or "could this be the bottom" trading spasms. When the trading elite are ready for higher oil prices, all it would probably take is a punctured oil can at a 100 year old gas station in Yazoo Mississippi and the media will declare a severe oil shortage. =:o)
Old Pro, here's one from the meaux archives .... =:o)
As I gaze back on life; and I see changes loom
As our pastures fall prey; to the big housing boom
There use to be fields; with plows and hay bailers
Now covered with houses; and new travel trailers
The small local ponds; now a hazy mirage
They were filled for the mansions; with a four car garage
Large attic fans; use to keep houses cool
They’re now air conditioned; with a big backyard pool
The dwindling days; of the small mom and pops
The small corner drug stores; and the old barber shops
The Kids rode their bikes; with no cars in sight
Now every cross-road; has a brand new red light
Gas station attendants; that would labor so hard
Replaced by the slots; for a thin credit card
There were Drive-in theaters; and small hardware stores
Home Depot’s and Walmart's; made them close all their doors
Most married couples; use to stay for the course
They now give up easy; and file for divorce
We knew all the Parents; and the kids on our block
But now lots of kids; born out of wedlock
Our schools were all safe; from the dopers and thugs
No gun totting kids; no pushers with drugs
Back then the big worry; was report cards and grades
But now parents worry; about drugs, sex, and Aids
It used to be Playboy; that would tend to alarm
But now there are Web sites; with triple-X Porn
Women worked hard; for small job advancements
They now stand in line; for their new breast enhancements
Make-overs and Botox; as the females compete
While the plain common woman; becomes obsolete
They dye their hair blonde; and bleach all their teeth
The make-up looks great; but what’s underneath?
Children would sit; and they’d eat at the table
Now in their room; eyes glued to the cable
The mothers would cook; no matter the mood
They now often settle; for easy fast-food
Gas ovens and stoves; they once were the raves
But now food is heated; in small micro-waves
RD is being held down by the Euro to Dollar devaluation "again". Presently, the Euro is down 0.64 %. That is killing the RDS-A stock price and it's starting to annoy me. I was thinking that because of Scotland voting to hang with European Union, the Euro would show strength today.....boosting RDS-A share price above RDSA.AS. I was wrong. Any thoughts on this topic from you guys?
You were exactly correct on your last post. I'm not sure if we should classify the EURO as a boat ankor, ball & chain or just as I said before, some 1-ply toilet paper. If it's weak agains the dollar, that says alot.
When RDS-A stock price goes up, RDSA.AS stock price goes up more. When RDS-A goes down, RDSA.AS goes down less. This has been going on for some time now, I think you stated that it was a 5% difference swing in stock price.
Now Europe is threatening Russia. I think they need to keep quiet and let the battlefield play-out, especially when winter time will be coming before you know it and Russia's has it's hand on the European fuel outlet valve.
That's OK oldpro, I think Daly deserves to be talked about and remembered in this way. After all, he was a real nice guy and was part of the message board family. I really enjoyed reading his post as I do yours. I really enjoy talking to people that are older then me, I feel that I can relate to them, learn from them and I'm definitely more interested in what they have to say.......especially some of their memorable stories.
Do any of you guys remember when you would pull up at a filling station, the attendant would walk to your car and ask; would you like a fill-up? Then he would ask; want me to check your hood (water and oil)? While he was doing those things he would wash your windshield and was content and happy to serve. Did I mention that gas was 34 cents a gallon and everyone paid cash? if it was a fill-up you would get a dinner plate, a glass or S&H green-stamps. Those days are gone my friends, I think we live on a totally different planet. Not that I'll be around, but sometimes I wonder what it will be like in 50 years. Now that's a scary thought.
Stay thirsty my friend..... =:o)
oldpro. You may be asking about DALY? I remember he was a frequent poster and suddenly his messages stopped. I don't remember if he was a Louisiana resident or not....although I do remember everyone wondering where he went. We all had a suspicion hat he may have passed away. Daly was somewhere around 90 years of age.
Guru was right about the things he said. I figure management tried trimming some of the useless fat........but RD went down. Then they started trimming some of the muscle with the fat.......but RD still went down. Hey let's not stop there, there's plenty of bone marrow and blood platelets to dip into. Hell, if we all stay living until 2050, RD could reach 87 again...........
Yep, just like old times.
Announcement date - July 31, 2014
Ex-dividend date - August 13, 2014
Record date - August 15, 2014
Payment date - September 25, 2014
Lately, the weakness in the Euro has been choking the RD stock price.
While the Dollar moves toward toilet paper status, I guess the EURO is doing the same, but lately it looks more like 1 ply paper.
With that said, even with the stock market running out of rocket fuel, RD is still holding over 81 and I do expect positive 2nd quarter results and a rise in stock price before the dividend. I guess we just keep our fingers crossed and our eyes in the key hole.
I used to be young
With a fast silver tongue
Just going through life without tension
But good old Ten Meaux
Got two years to go
And then I'll be getting my pension
I'm a man on a mission
With an average ambition
But all of us sometimes can fail
I'll wake when I wake
Can choose to sleep late
But I won't have to listen to Shell
RDS-A with new leader ( Ben B.), stock buy-backs, profits possibly rising from trimming the fat, announcement coming at the end of this month, X-date two weeks after announcement, dividends rewards holding, new oil discovery in GOM, etc.
All of this and there's still that big "IF" word floating around in all our heads. Let's face it, investing these days is more and more like gambling. You got to know when to hold and know when to fold. I also noticed that the Bollinger bands are squeezing in to 3 $ range, but at a slight upward trend.
Yep, there's lots of "IF" in the air these days. Like my late Grandfather put it; if the dog wouldn't have stopped to poop.....he would have caught the rabbit". I do agree with you though, the weakness in the European Index is definitely something to watch and the devaluing of the Euro currency doesn't help the RD share price either.
The quarterly announcement date is slowly approaching and no one seems to know what the profits will look like. RD keeps trimming the fat and buying back shares which seems to prop things up, but there's always that "If" word that keeps investors leery.