Why Shares In Royal Dutch Shell Plc Are In Danger Of Shedding Another 17%!
Shell has shed a staggering 37% of its value since Brent’s alarming slump kicked in last summer… I do not believe Shell has yet seen the worst of it… Bad news keeps on coming…
By Royston Wild – Monday, 7 September 2015
Eroding market appetite for Royal Dutch Shell (LSE: RDSB)picked up speed in recent weeks thanks to the unravelling Chinese economy, and the business has seen its stock price sink 12% since the start of August, striking out at fresh five-year lows around £15.85 per share in the process.
Shell has shed a staggering 37% of its value since Brent’s alarming slump kicked in last summer, and although a recovery in the black gold price helped the firm recover some ground at the start of the year, a stream of worrying industry news items since then has sent prices in both commodity and company scurrying lower yet again.
The TRUTH will set you FREE.
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