The shorting is to hedge Macro risk at a company with as close a geographical and operational exposure as BP, I don't think so it is a vote of no confidence in Shell as such...
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I don’t see how one of the other big operators can afford NOT to take us over. I read one analyst valued our US assets at 82bill alone (compared to our overall market cap of 57). Are you just gonna sit on the sidelines and let some other company come in (total, adnoc, Exxon, shell etc) and get the bargain of the century.
no smoke without fire, this could very much be a reality !
https://www.reuters.com/business/energy/elliott-takes-big-short-position-shell-amid-bp-campaign-2025-03-28/
Google it. There are many articles on it.
@OP+1jv5kyzrp
It would be great if you would link an article to this statement.