www.businesswire.com
July 15, 2008
Turbulence at Royal Dutch Shell
We are maintaining our Hold recommendation on Royal Dutch Shell Plc (NYSE: RDS.A) ahead of the companys quarterly results. Strong performance from its exploration and production arm, aided by high oil and gas prices, is expected to continue driving results. While we continue to believe that the group should benefit from the upstream momentum and restructuring initiatives in 2008, we see better investment opportunities in this space.
Royal Dutch Shell does not compare favorably with its peer group in terms of upstream growth prospects, returns, and costs. The group also remains exposed to continued instability in Nigeria and political interference in Russia. As such we do not foresee much upside from current levels.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
Comments RSS Feed
0 Comments on “Turbulence at Royal Dutch Shell”
Leave a Comment