US EditionDown 15% from its year high, is Shell’s share price too cheap for me to pass up?
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Down 15% from its year high, is Shell’s share price too cheap for me to pass up?
Shell’s (LSE: SHEL) share price is down 15% from its 5 July 12-month high of £29.10. Comparing its share price chart with that of the Brent oil price benchmark shows a near-identical trading pattern. In basic terms, this implies that the UK oil giant has no additional value over and above the oil price. That is, no additional value from its high-value petrochemical products, green energy products, trading operations or anything else. Handily tho…
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