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DewDiligence

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DewDiligence

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Re: DewDiligence post# 26531

Thursday, 09/22/2022 4:06:46 PM

Thursday, September 22, 2022 4:06:46 PM

Post# of 29294
SHEL:

https://finance.yahoo.com/news/incoming-shell-ceo-sawan-set-141734886.html

Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said.

…So far no major renewables company has met Shell's internal criteria for acquisitions, in large part due to the sector's high valuation, the sources said.

Translation: SHEL will overpay for some large-scale acquisition that enhances the company’s virtue signaling.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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