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Shell’s share price is down 46% in 2020. Is now the time to buy?

Shell’s share price is down 46% in 2020. Is now the time to buy?

Edward Sheldon, CFA | Tuesday, 21st July, 2020

The last time I covered Shell (LSE: RDSB) shares was on 10 March. At the time, Shell’s share price had just crashed spectacularly due to plunging oil prices and the oil price war that had erupted between Saudi Arabia and Russia. My view back then was that Shell’s share price weakness was a buying opportunity.

Fast forward to today, and Shell’s share price is actually lower than it was when I covered the stock in March. Did I get it wrong? Let’s take another look at the investment case for Shell.

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