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Shell second quarter 2020 update note posted on Company News Board.

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idpickering
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Shell second quarter 2020 update note posted on Company News Board.

#322689

Postby idpickering » June 30th, 2020, 7:09 am

Here; viewtopic.php?p=322687#p322687

Demand for oil down (understandably currently) and debt up.

I hold these in my HYP alongside BP. in the sector, with the weighting leaning towards Shell RDSB. There is a temptation to buy more RDSB despite my three buys so far this year. My thinking is that this COVID19 crisis won't last forever, and the 'time to bu'y such shares as Shell, and others, rearly 'is now'. With one eye on HYP balance of course. Oil stocks come in at 8.6% of my HYP in capital value terms, with 10% my maximum, so there's some wriggle room there.

Ian.

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