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MARKETS

Shell's sweet spot

DETACHING itself from Woodside Petroleum's share registry doesn't seem to have damaged Shell which is entering the "sweet spot" amid rising oil prices after a "painful" but misunderstood reset post the acquisition of Queensland Curtis LNG operator BG Group, UBS says.

Anthony Barich
Shell's BG merger, misunderstood and now positioning Shell for greater things.

Shell's BG merger, misunderstood and now positioning Shell for greater things.

UBS analyst John Rigby, who rates Shell has his "top pick" among London-listed oilers that include fellow supermajor BP, said the market's initially negative reaction to the BG deal misunderstood how weak...

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