Is there an oil price where Shell’s BG offer doesn’t make sense? Listening to Shell’s narrative, the position was initially that the oil price was going to rebound into 2016 and beyond, but then as this got progressively pushed back as prices relapsed, the emphasis was placed on the natural hedge that the share component […]
Continue reading
Invest in an oil major such as Exxon or Chevron and there are two over-riding factors to consider. The first and probably obvious one for Groups which traditionally make over three quarters of their income from pumping oil and gas out of the ground is the price of oil. While an oil spill and >$40bn […]
Continue reading