|Day Low/High||23.15 / 23.54|
|52 Wk Low/High||12.11 / 24.66|
When an issue this big comes to market, institutions and fund managers make room in their portfolio ahead of the IPO. This means oil names will be a source of shorts in any portfolio.
Royal Dutch Shell and Total boast solid balance sheets, high free-cash-flow generation, top-quartile production growth and attractive valuations.
Blockchain is making its way into big oil.
At times of indiscriminate selling, it pays to be cerebral.