Report
Ahmed Ben Salem

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/14/2018

We are raising our scenario for the oil price from $ 58/b to $ 72/b for 2018 and from $ 60/b to $ 70/b for 2019. Our long-term equilibrium price has risen from $ 60 to $ 65. Our estimates are 6% above the consensus. We are raising our target prices by an average of 8% for upside in the region of 10%. Despite the recent performance turned in by the majors, we remain positive on the sector and reiterate our Buy recommendations on RD Shell (our new Top Pick, target price 2,950p), Total (...
Underlyings
Julius Baer Physical Platinum Fund Ax GBP

Repsol SA

Repsol is an oil and gas company. Co. is engaged in all the activities relating to the oil and gas industry, including exploration, development and production of crude oil and natural gas, transportation of oil products, liquefied petroleum gas (LPG) and natural gas, refining, the production of a wide range of oil products and the retailing of oil products, oil derivatives, petrochemicals, LPG and natural gas, as well as the generation, transportation, distribution and supply of electricity. Co. operates in more than 40 countries. Co.'s operations are divided into four segments: Upstream, Downstream, LNG and Gas Natural Fenosa.

Royal Dutch Shell PLC CEDEAR

Schaeffler AG

Total Face Group

Total Face Group is engaged in the provision of cosmetic and aesthetic medical skin clinic services.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Ahmed Ben Salem

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