Royal Dutch Shell Plc  .com Rotating Header Image

HSBC cuts BP, Shell ratings


By Steve Goldstein
Sep 10, 2009, 4:25 a.m. EST


LONDON (MarketWatch) — HSBC says the European oil sector is facing headwinds as it downgraded BP to neutral from overweight and Royal Dutch Shell to underweight from neutral. “The sector looks undervalued long term but weak oil prices, cheap U.S. gas and soft refining margins pose short-term risks,” the broker said. It prefers defensive plays like Eni.

COMPLETE ARTICLE and its also non-profit sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “HSBC cuts BP, Shell ratings”

Leave a Comment

%d bloggers like this: