Fortune.com: Is Shell Ready to Rebound?
“Forget Iraq and Iran,” says Gheit. “Royal Dutch/Shell needs a regime change.”
With the price of oil sky-high, analyst Fadel Gheit says patient investors can strike big gains on the beaten-down shares of Royal Dutch.
By Nelson D. Schwartz
From 9 August 04 issue
Right now Royal Dutch/Shell Group is the oil company Wall Street loves to hate. The reason, of course, is that its managers misled the public about the size of its reserves, prompting the resignation of the CEO and other top execs earlier this year. But with the price of oil sky-high, analyst Fadel Gheit of Oppenheimer says patient investors can strike big gains on the beaten-down shares of Royal Dutch (RD, $50), which owns 60% of the company (Shell Transport & Trading owns the rest).
Lost amid the headlines is the fact that Royal Dutch/Shell still has tremendous assets. Even after cutting its reserve estimate by nearly 25%, it boasts the third-largest oil and gas supply of any private Western oil company. And it looks inexpensive: While Exxon Mobil trades at 17.3 times next year’s earnings and BP has a 15.1 multiple, Royal Dutch’s P/E is just 13.7. Plus its 3.7% dividend yield towers above the payouts of its peers.
Royal Dutch still needs to make some changes—like untangling its byzantine dual board structure. It could also hire an outsider as CEO—someone who might impose greater organizational and financial discipline. “Forget Iraq and Iran,” says Gheit. “Royal Dutch/Shell needs a regime change.” Even so, he believes Royal Dutch shares could reach $62 within 12 months, a 22% premium over the current price.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
