Stan WongShell CanadaSHC.TOPAST TOP PICKJun 12, 2023
(A Top Pick Jun 23/22, Up 23%)
Top pick in the energy space. Integrated oil producer throughout the world. Long term energy demand strong. Limited supply & investment in oil output will keep prices high. Expecting a $80 oil price going forward due to Saudi Arabia budget demands. High free cash flow and dividend yield (~3.9%).
The parent, Royal Dutch, has raised their offer to $45. Her strategy on these is to wait until the last moment, as you can never tell what else may occur.
Parent company, Royal Dutch is taking it over. You can either tender your shares and receive dividends at 3.5% or sell your stock. Royal Dutch is a pretty good company.
Trading higher than what Shell International has offered because investors don’t believe it will be successful getting it at the lower price. Could come back in the $45 area.
Top pick in the energy space.
Integrated oil producer throughout the world.
Long term energy demand strong.
Limited supply & investment in oil output will keep prices high.
Expecting a $80 oil price going forward due to Saudi Arabia budget demands.
High free cash flow and dividend yield (~3.9%).