UK energy giant Royal Dutch Shell (LSE: RDSB) has announced its off-shore drilling campaign in Alaska has found pretty much no oil. Contrary to what you might expect, this could be the best result for Shell shareholders in the long term.
Why Royal Dutch Shell plc Is Lucky It Found No Oil…
VIDEO: One Fool puts Royal Dutch Shell plc (LON:RDSA) (LON:RDSB) under the spotlight.
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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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