|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Dodge & Cox Comments on Royal Dutch Shell
Posted by: Holly LaFon (IP Logged)
Date: November 7, 2013 01:54PM
LNG is also growing faster than other traditional sources of energy, partly due to growing power generation and industrial usage. In the form of LNG, natural gas can be transported long distances. The Middle East, Africa, and Australia have significant natural gas reserves and are among the largest exporters of LNG; the biggest importers include Asia and Europe. As one of the world's largest producers of natural gas and suppliers of LNG, Royal Dutch Shell (RDS) is well positioned to benefit from increasing LNG demand in our opinion. LNG continues to be a driver of future growth, accounting for nearly one quarter of Shell's new resource production. This well-diversified business segment has grown more than 10% annually over the last few years, and we project similar growth rates over our investment horizon. Shell's LNG growth is much faster than the demand growth for other traditional sources of energy. While we evaluate the geopolitical risks inherent in the Energy sector against company fundamentals, Shell is held in the Dodge & CoxGlobal Stock Fund and International Stock Fund due to its reasonable valuation and exposure to LNG.
From Dodge & Cox Funds' The Energy Sector commentary.
Guru Discussed: Dodge & Cox: Current Portfolio, Stock Picks
Stocks Discussed: RDS,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.