David Fuller's view

I started buying Royal Dutch Shell ‘B’ several years ago, for income when the yield was over 5 percent.  The p/e ratio was around 10, so I also thought that I might see some capital appreciation.  This was slow in coming since the management made some unfortunate investments and debt was rising.  I briefly considered selling Shell last year but decided not to when a management change was announced. 

I mention this because I know that a number of subscriber’s also hold Shell.  Therefore, I thought you might be interested in this Questor column by John Ficenec for The Telegraph: Royal Dutch Shell ‘B’: Questor says BUY.

I will not be buying more as it is already one of my largest holdings but I am happy to retain the position. I like the new CEO’s policies and the chart above shows more than enough underlying support to lift Shell higher on better prospects, higher earnings and increased dividends over the medium to longer term.