Shell‘s (LSE: RDSA)(LSE: RDSB) already expensive and decade-long campaign to win permission to drill for oil in the Arctic has reached a new stage, with the company having all the permits it needs in place to start prospecting for Arctic oil. But one Fool argues that what it lacks is a good reason to do so.
Now Is A Terrible Time For Royal Dutch Shell plc To Drill In The Arctic
VIDEO: One Fool takes a closer look at Royal Dutch Shell plc (LON:RDSA) (LON:RDSB)
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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