SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Trico Marine Services (TMAR) -- Ignore unavailable to you. Want to Upgrade?


To: Gameboy who wrote (841)9/19/1998 9:13:00 AM
From: jad  Read Replies (1) | Respond to of 1153
 
Bad news from Shell: The price of oil crude rises above $15 a barrel for the first time in months, but comments from Royal Dutch, the Netherlands company which controls Shell are driving the stock lower. Of principal importance is the statement that Shell does not see oil prices recovering anytime soon. Lack of Asian demand and oversupply are the principal reasons. The recent difficulties that these companies have had in the past months have led to a lot of budget cutting and expense trimming. If oil prices ever recover substantially, the possibilities for major oil companies, including Shell, are strong. But analysts are mixed on oil company futures in general, as Shell illustrates:Goldman Sachs has a Market Outperform rating on RD, Schoder & Co has a Perform-In-Line, and Duetsche Bank has a Sell