Still waiting for lower oil prices and their proxies

One year ago today, I disagreed when the former CEO of #Shell suggested the #SHEL stock price was undervalued.

Shell – wrong call at wrong time

My timing seems to be off by 6 months, but I still think that the price of Shell will trade down to GBP 21.70 area ‘soon’.

It could coincide with #Brent Crude trading down to $58.

April 15, 2025

rob@karriasset.com.au