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Timothy Smith

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Timothy Smith

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Friday, 07/17/2015 3:55:06 PM

Friday, July 17, 2015 3:55:06 PM

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$RDS.A Shell is counting on crude rising to $90/bbl by 2020, a key assumption in its move to buy BG Group for $70B to help transform it into a leading player in the deepwater oil and liquefied natural gas markets.

In the nearer term, Shell expects Brent crude to show only slight improvement from the current ~$58/bbl, forecasting 2016 prices to average $67/bbl and $75 in 2017, based on the company's BG offer.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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