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Royal Dutch Shell PLC Class B
RDSb.NISIN: US7802591070SEDOL: B03MM73 |
Rating: HOLD |
Target Price: 51.97 USD |
Investment Horizon: 6 to 12 months |
1Q 09 News Alert
Royal Dutch Shell PLC1 (RDS) reported a significant decline in its revenues and earnings in 1Q 09. Going forward, we expect the company’s sales volumes will remain low due to the global economic slowdown. The top-line will be depressed by lower international oil prices, however these low prices will benefit the company’s margins in FY 2009. We are likely to revise our earnings estimates and target price downwards in view of the company’s 1Q 09…
Company News Alert
Royal Dutch Shell PLC’s1 (RDS) ADR price has declined significantly since our 4Q 08 and FY 2008 update report, reflecting general weakness in equity markets. We believe that this decline has left the company significantly undervalued and therefore upgrade our ADR rating for RDS from a HOLD to a BUY on fundamental grounds. We will reassess our ADR rating for RDS after the company announces its 1Q 09 results....
4Q 08 & FY 2008 Update Report
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Current conditions in the global economy will continue to weigh on the hydrocarbon product demand in the future. Various oil monitoring agencies like the Energy information administration (EIA) and International Energy Agency (IEA) have cut their oil consumption forecasts for FY 2009. In fact, EIA expects world petroleum consumption to decline…
4Q 08 News Alert
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Royal Dutch Shell PLC1 (RDS) reported operating and net losses in 4Q 08 as falling international crude oil prices impacted its realized sales prices. Going forward, although low crude oil prices will likely continue to slow the company’s revenue growth in FY 2009, an anticipated recovery in oil prices and incremental volumes from the company’s various development projects are expected to support the company’s revenue growth from FY…
3Q 08 Update Report
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Royal Dutch Shell PLC (RDS) reported strong growth in its top-line during 3Q 08, given higher realized crude oil and gas prices during the quarter. However, an increase in its cost of sales (COS) given rising hydrocarbon prices limited its margin improvement. Although near term revenue growth is expected to be impacted by a decline in oil prices, its long term growth potential…
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