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.

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

Long oil is creeping closer

I’m revising my entry price for SHEL.L higher than the 2170p level suggested in this April 2024 note….to 2390p

p.s. I haven’t had an oil related ‘long’ for 3 years but I’m preparing for it.

December 3, 2024

rob@karriasset.com.au

Shell – wrong call at wrong time

The former #Shell CEO thinks the #SHEL stock price is ‘massively undervalued’.

https://www.ft.com/content/b9d3c147-b74c-470c-b9c7-9cba55efd38a

No it’s not.

See you somewhere around at GBP 21.70, later in the year.

April 15, 2024

by Rob Zdravevski

rob@karriasset.com.au

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