Shell plc (SHEL) Announces Final Investment Decision on Waterflood Project at Kaikias Field

Core Viewpoint - Shell plc (NYSE:SHEL) is recognized as one of the best non-US stocks to buy according to hedge funds, following its announcement of a significant investment decision regarding the waterflood project at the Kaikias field in the US Gulf of Mexico [1] Group 1: Project Details - The Kaikias waterflood project will utilize the waterflood method to enhance oil recovery, injecting water to displace oil into adjacent production wells [2] - This project is expected to increase recoverable resource volumes by approximately 60 million metric barrels of oil equivalent and extend the production lifecycle of the Ursa platform by several years [2] Group 2: Ownership and Stake - Shell currently holds a 61.3484% ownership stake in the Ursa asset, alongside BP Exploration & Production Inc. and ECP GOM III [3] Group 3: Market Sentiment - Wall Street analysts remain optimistic about Shell's stock, with Michele Della Vigna from Goldman Sachs and Lydia Rainforth from Barclays both maintaining a Buy rating and a price target of £2,686.5 [4]