Time to buy Shell, says Barclays

Time to buy Shell, says Barclays

It is the right time to invest in Royal Dutch Shell (LON:RDSB), according to the oil and gas team at Barclays Capital, which named the major as its top pick in the sector.
Repeating its ‘outperform’ recommendation, it says there is 20% ‘upside’ o its £26.60 price target.
“We expect an increased focus on capital discipline, improved corporate returns and a more shareholder friendly strategy,” the bank said in a note to clients.
“The removal of production targets and poor results in North America during 2013 make it is easy to forget that Shell still starts from a stronger free cash flow position than the majority of the peer group.”
Source: proactiveinvestors
ISSUERS OF NEWS RELEASES AND NOT OILANDGASPRESS.COM ARE SOLELY RESPONSIBLE FOR THE ACCURACY OF THE CONTENT.
Public relations, press release distribution service, investor relations, SEC filing, regulatory news,upstream, downstream,corporate announcements,technology developments and political news
www.oilandgaspress.com – The ‘one stop shop’ for global Oil and gas news and press releases!!!

#FOLLOW US ON INSTAGRAM