Replies to post #8090 on The Rising Influence of Rising Affluence

[biotech_researcher]

Shell’s class-B ADR (RDS-B) is within a hair of a 12-month high, which is pretty amazing after the awful quarter in 4Q13. Once again, this shows the benefit of owning stocks with valuations so low that almost nothing can cause a sell-off.

OK, Dew, with that rational, what do you think of PBR? They are sitting on on one of the richest oil reserves in the world, but the Brazilian government is really screwing it up. It seems to me that someday this will resolve itself. What do you think?

[DewDiligence]

Shell continues non-core divestitures, selling Australian downstream assets for $2.6B:

http://www.nytimes.com/2014/02/22/business/international/shell-to-sell-refinery-and-gas-stations-in-australia.html

RDS-A and RDS-B made a new 12-month highs today.