The real dilemma they have is future reserve growth. Shell isn't up to the game compared with BP. |
The upward momentum has gone from these stocks. |
The upward momentum has gone from these stocks. They are just hanging there waiting for a correction. This is an indication that these commodity price corrections do and can come very quickly and they do feed through to the stocks. |
Valuations on mining stocks look very rich. |
Valuations on mining stocks look very rich. Any pause in the spot price is leading to sharp price corrections and sentiment can reverse quite quickly. |