Loeb’s Third Point Adds to Shell Position: The London Rush
Bloomberg
Loeb’s Third Point Adds to Shell Position: The London Rush
Bloomberg News: Charles Capel and Leonard Kehnscherper: May 09, 2022(Bloomberg)
EXTRACT
Third Point Investors Ltd: Dan Loeb’s flagship Offshore Fund returned -11.5% in the first quarter of 2022, dragged down by companies including Rivian Automotive, Inc and Cie Financiere Richemont SA.
The investment company said its stake in Shell Plc helped mitigate some of its losses, and it has found interesting new investments in oil and natural gas companies, as well as other companies that might benefit from inflation, supply shortages, and the energy transition
They have increased their stake in Shell, and has “engaged in discussions” with the company with the aim of increasing “shareholder value” and helping it manage the energy transition.
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Posted in: Big Oil, Bloomberg, Break-up Shell, Dan Loeb, Fossil Fuels, Gas, Goodbye Royal Dutch Shell Plc, Oil, Royal Dutch Shell, Royal Dutch Shell Plc, Shell, Shell Centre London, Shell PLC.
Tagged: Gas · Oil · Shell · Shell Energy Reviews