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Shell & Conoco – a perfect pair this week
Trading Royal Dutch Shell and ConocoPhillips as an equity pair this week has provided investors a healthy return, says Saxo Bank’s Mads Koefoed.
He recommended the trade on Monday after the spread between the two equities had widened to 2.8. Since then, Royal Dutch Shell has staged a comeback, meaning the spread is now below 1% with a potential profit of around 5%.
01:31 minutes
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