Royal Dutch Plc (NYSE:RDS.A) referred by many people as Shell, is a multinational oil and gas company. This is the second largest company in the world in terms of revenues. This company was founded in 1907 merging two rival companies at that time, Royal Dutch Petroleum Company and Shell Transport and Trading Company.
Royal Dutch Plc (NYSE:RDS.A) had two upgrades in the past week. Shell was upgraded from “Hold” to a “Buy” rating by Equity Research Analyst’s research note at Deutsche Bank AG (NYSE:DB) on Wednesday (July 9). On a separate independent research by JP Morgan Chase & Co (NYSE:JPM) they upgraded Shell from a “Neutral” rating to an “Overweight” rating on Friday (July 11). All these upgrades indicate that the company is having a positive uptrend. CNBC’s Jim Cramer thinks that the impact of New CEO to the company is showing off with all these upgrades.
Cramer considers that two upgrades within a week is really a big thing for Royal Dutch Plc (NYSE:RDS.A). When all the other oil stock is going down, Shell stock shows an uptrend. Many people think that Shell is one of the worst run oil companies. Cramer believes the New CEO of Shell, Ben Van Beurden is really starting to change that feeling. He feels that the company has lot of assets to unlock.
“I hope that it comes down like the other oils so people can but it at their home cheaply. Royal Dutch, the one big oil company, the major that everybody is starting to talk about and like,” he said.
He points out that Chevron Corp (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) are going down but he thinks that Royal Dutch Plc (NYSE:RDS.A) is the stock to play.
Cramer feels that New CEO of Shell is having a mindset of making money in whatever way necessary and in addition to that the company has lot of great assets which CEO can use to do whatever he wants to. He thinks that if companies like BP Plc (NYSE:BP) has a lot of assets then companies like Shell can have more, which people cannot even guess. He emphasizes that Buerden is taking the company towards a brighter future.
“Go with the Royal Dutch,” Cramer said.
Disclosure: None
