Dobell backs Shell rebound

manager of m&G recovery portfolio tom dobell holding oil giant among his top positions

Manager of the M&G Recovery fund Tom Dobell is currently holding oil giant Shell among his top positions. He said the oil company, whose share price is struggling after management overestimated proven reserves last year, offers scope for recovery and is therefore a prime candidate for his portfolio. Pointing to the company's long history and quality assets, he said although there are management issues that need to be sorted out, he is confident they will be addressed. Dobell describes Shell as being in the first stage of what he sees as a four-stage recovery cycle. After the first unlo...