OGZPY - Farewell Shell

• Shell's long-term appeal as an investment is diminished by fast-shrinking upstream reserves, as well as a hostile environment to its business by an increasingly aggressive environmental lobby.
• I still believed in a short-term rally on the back of a bull market in energy, but the latest quarterly results make it less appealing in the near term as well.
• I sold my entire position and I am looking to redeploy the capital into oil & gas stocks that are less exposed to environmentalist pressures and have more ample reserves.
• Shell may have a future as a renewable energy company, but the transformation period this decade has only downside for investors.

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