Caution urged ahead of Shell earnings report, Argus says

Caution is warranted ahead of Royal Dutch Shell's (RDS.A, RDS.B) Q2 earnings, Argus says while reiterating its Hold rating on the shares as management restructures (

While the restructuring should be a positive for shareholders over the long term, Argus does not expect any meaningful improvement in Shell's operating results over the next 12 months; the firm also says the shares deserve to trade at a discount given the company's declining production, unfavorable production mix, and underperforming upstream Americas and downstream businesses.

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Comments (3)
  • dandyl1
    , contributor
    Comments (7) | Send Message
    I think this person is short , believe this junk if you like , not me
    11 Jul 2014, 05:46 PM Reply Like
  • Those Who Wait
    , contributor
    Comments (922) | Send Message
    "Argus reiterates its Hold rating" which generally means stay the course unless conditions change. It does not mean short or sell. If "restructuring should be a positive for shareholders over the long term", I'm definitely and continue to be LONG.
    11 Jul 2014, 09:58 PM Reply Like
  • arthur_bishop1972
    , contributor
    Comments (4456) | Send Message
    I sold the rest of a client's Shell @ $86.55 last week. I bot for him @ $66. Shell is headed in the right direction, but I think it will take more time than many think, and their pps will fall after the earnings release. The run up to it was the time to ride the wave-not after.


    OTOH, if in for the long haul, you should be able to buy shares lower soon.
    15 Jul 2014, 01:23 AM Reply Like
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