The Energy Report
Notable Quotes
"With the LOI signed, we urge investors to bolster positions in FCU." (12/22/15) Fission Uranium Corp. - David Sadowski, Raymond James More >
"FCU is taking the right steps regardless of whether PLS is ultimately acquired or developed into a mine." (12/22/15) Fission Uranium Corp. - Heiko Ihle, Rodman & Renshaw More >
"I am quite excited about POE in 2016." (12/16/15) Pan Orient Energy Corp. - Chen Lin, What Is Chen Buying? What Is Chen Selling? More >
"BKX's Oklahoma asset has significant value." (12/16/15) BNK Petroleum Inc. - Michael Charlton, iA Securities More >
"EFR is one of the few companies in a position to write long-term sales contracts and deliver into them at several times its current production rate." (12/17/15) Energy Fuels Inc. - The Gold Report Interview with Eric Coffin More >
RDS' Under-the-Radar Progress
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ALEJANDRO DEMICHELIS, BofA Merrill Lynch
(07/05/2010)
"We continue to believe that Shell offers the most attractive combination of long-term growth and valuation support amongst Euro Oil majors—indeed, Shell is the only buy-rated major in our coverage. BP's problems in GoM continue to capture attention, allowing Shell to make 'under the radar' progress on its restructuring—particularly in downstream—and securing projects (e.g., Iraq gas deal). In addition, the situation appears to be creating new LT opportunities for Shell, particularly with national oil companies. A case in point of these opportunities is the reported possibility that Shell may enter the high-profile Shah gas project in the UAE or the new Ras Laffan cracker project in Qatar. Reflecting the heavier than previously anticipated maintenance in 2Q, we are reducing our EPS by 2% in 2010E and 1% in 2011–12E. Our numbers put Shell on 7.5x 2010E earnings in line with a sector average of 7.8x. We believe that this valuation is compelling given Shell's long-term opportunity set." |
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Under SEC rules, analysts are required to disclose their interest in securities that they cover. We strongly encourage you to contact them to understand any potential conflicts of interest they may have.
More Experts
"FCU's deal with CGN helps to financially and technically derisk PLS." (12/21/15) Fission Uranium Corp. - David Talbot, More >
"NXE is our top pick across all commodities." (12/22/15) NexGen Energy Ltd. - The Energy Report Interview with Rob Chang More >
"FCU will continue to explore and add pounds to what is already a world-class project." (12/22/15) Fission Uranium Corp. - The Energy Report Interview with Rob Chang More >
"EFR is well positioned to benefit from higher uranium prices." (12/22/15) Energy Fuels Inc. - The Energy Report Interview with Rob Chang More >
"FCU intends to sell $82M or 19.9% of the company to CGN Mining." (12/22/15) Fission Uranium Corp. - Jeb Handwerger, Gold Stock Trades More >