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Shell ADR Each Representing 2 Ord Shs RDS.A


Primary Symbol: SHEL

Shell plc is an energy and petrochemical company. It specializes in exploration, production, refining and marketing of oil and natural gas, and the manufacturing and marketing of chemicals. The Company’s Integrated Gas segment includes liquefied natural gas (LNG), conversion of natural gas into gas-to-liquids (GTL) fuels and other products. Its Upstream segment includes exploration and extraction of crude oil, natural gas and natural gas liquids. Its Marketing segment comprises the mobility, lubricants, and sectors and decarbonization businesses. The Company’s Chemicals and Products segment includes chemicals manufacturing plants with their own marketing network, and refineries which turn crude oil and other feedstocks into a range of oil products. Its Renewables and Energy Solutions segment includes activities such as renewable power generation, the marketing and trading and optimization of power and pipeline gas, as well as carbon credits, and digitally enabled customer solutions.


NYSE:SHEL - Post by User

Comment by aussyspitzon Apr 19, 2020 7:06pm
961 Views
Post# 30927873

RE:RE:RE:RE:wtf

RE:RE:RE:RE:wtfThis is just my opinion so take it with a grain of salt. I purchased 600 shares when it dropped to $25. I am personally planning on picking up more shares around May 17th/18th post dividend payout date. I do not think the share price currently reflects the reality of the loss of demand. Although I believe the economy will start winding back up soon it imo it will be a slow up hill climb and definitely not a sprint. There is a large glut of cheap available oil and I personally don't think the demand for oil increases enough to warrant a $60 a barrel price of oil until probably Q3/Q4 2021 at the very earliest. Therefore I think there will be ample opportunityt to pick up and accumulate shares of RDS.B at prices between $20 - $25 in the near future and certainly below $30 that present itself over the next 9 months. The other thing to watch is the US election in November if the Democrats somehow manage to get into power and their NPC slogan will quickly go from Orange Man Bad to Big Oil Bad and they will push there BS Green New Deal never mind if it is unrealistic you can bet that the entire oil industry will be made to suffer.      
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