Nomura Securities Maintains a 'Buy' on Royal Dutch Shell (RDS-B); A Step Toward Arctic Exploration

June 27, 2012 8:49 AM EDT Send to a Friend
Get Alerts RDS-B Hot Sheet
Price: $69.68 +1.46%

Rating Summary:
    0 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 25 | New: 50
Trade RDS-B Now!
Join SI Premium – FREE
Nomura Securities maintains a 'Buy' on Royal Dutch Shell (NYSE: RDS-B).

Analyst, Theepan Jothilingam, said, "US Interior Secretary Ken Salazar’s comments suggesting forthcoming approval for Arctic drilling, takes Shell a step closer to drilling offshore Alaska this summer. Having invested some USD4bn before a single well has been drilled and waited five years to start operations, we believe Shell is looking for a material, liquids discovery in the largely undrilled Arctic. Using BOEM resource estimates we think a prize of 2-3bn bbls is not unreasonable, which could be worth some USD10bn net to Shell."

For an analyst ratings summary and ratings history on Royal Dutch Shell click here. For more ratings news on Royal Dutch Shell click here.

Shares of Royal Dutch Shell closed at $67.73 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments

Related Entities

Nomura

Add Your Comment