Extracts from a CNBC article by Drew Sandholm published 11 July 2014
It seems a major turnaround is unfolding at Royal Dutch Shell, making its stock very attractive should it fall from current levels, CNBC’s Jim Cramer said Friday. “The CEO has basically said, ‘Look, we’ll do whatever’s necessary to make money here.’ And there’s a lot of fat in a company like Royal Dutch,” Cramer said. “They’ve got a lot of great assets. They can do a lot of things.” Bullish sentiment toward Shell is mounting on Wall Street, too. The oil giant recently caught upgrades from both Deutsche Bank and JPMorgan Chase.
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