My computer tells me that RDS.A is yielding 15% or so in euros. Alright, 14.17%. So:
The middle of a market correction produces bargains, of course it does. The middle of an oil price war might not indicate that oil majors are such.
But the yield on Shell PLC hit 9% overnight which is, in this low yield world, a very tempting purchase.
The question is, will it maintain the dividend? There’s a good argument that it will, yes.
That recommendation was perhaps a little premature. Ahem.
And so, the collective wisdom here is? Shell will cut the dividend or Shell is the bargain of the century?