|Bid||80.85 x 300|
|Ask||81.48 x 600|
|Day's Range||81.11 - 81.73|
|52 Week Range||79.26 - 95.55|
|PE Ratio (TTM)||33.84|
|Dividend & Yield||3.08 (3.79%)|
|1y Target Est||N/A|
A joint venture between Royal Dutch Shell and Exxon Mobil said on Wednesday it will file an appeal against a Dutch government plan to lower a production cap at the Groningen natural gas field by a further 10 percent. The 50-50 Exxon-Shell joint venture, known as NAM, said it has been left in an impossible position by being told it may continue production -- vital to supply homes with gas -- without guarantees it is meeting safety standards. It also opposes the latest, lowered production cap.
This divergence between what has been happening in stocks (going up) and rates (which have going down) has been a cautionary signal for big market players. If we get a bottom here in rates, a cloud on confidence will be lifted.
As hedge funds attempt to cover shorts and oil markets remain shaky, a recent upturn in oil prices provides hope for investors