RDSA stock value in barrels of oil at bottom of longterm range
Updated
Expecting this to be a strong support, with significant upside potential for RDSA in the medium term.
While the world will surely move to renewables at some point, this will not have a major impact yet in the coming 10 years.
Simply too many petrol vehicles on the road, planes in the sky and vessels cruising our seas for years to come.
There will be one final party for oil before the the ultimate decline.
While the world will surely move to renewables at some point, this will not have a major impact yet in the coming 10 years.
Simply too many petrol vehicles on the road, planes in the sky and vessels cruising our seas for years to come.
There will be one final party for oil before the the ultimate decline.
Trade active
Revisiting this. With the recent rapid rise in oil prices, the ratio has further declined, even though RDS prices also increased significantly.
The trade still has significant potential. Especially considering potential incoming inflation which should boost commodity prices while reducing the drag of corporate debt.
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