The commodity sector has been in turmoil in recent months, and that hasn't done anything to change the opinion of those who doubted the logic of Shell's (LSE: RDSB) �47 billion bid for BG Group (LSE: BG). But what is the share price action telling us?
Shares in Royal Dutch Shell (LSE: RDSA) (LSE: RDSB) have fallen by 30% in the last year and this has left many of the company's investors wondering if they have made a mistake in purchasing shares in the oil major.
Shell's (LSE: RDSA)(LSE: RDSB) already expensive and decade-long campaign to win permission to drill for oil in the Arctic has reached a new stage, with the company having all the permits it needs in place to start prospecting for Arctic oil.
Like Antofagasta, shares in Shell (LSE: RDSB) have slid lower in oft-bumpy trading thanks to a tanking oil price, and the London firm has shed close to a third of its value during the past twelve months.
There have been all sort of rumours this week, really, and whilst I agree that Shell may encounter some difficulties to wrap up its acquisition of BG by early 2016, I have no inside information to share with you on this story.