CBS.MarketWatch: Merrill sees Shell oil disposals at $15 bln
By Emily Church
20 August 04
LONDON (CBS.MW) — Merrill Lynch Friday upgraded its rating on oil major Royal Dutch/Shell to buy from neutral, citing in part its expectation that disposals at the group over 2004 and 2005 could reach $15 billion.
Shell is expected in November to detail its review into corporate structure. “Performance catch up is going to be a long haul in our view, but we can’t help but think that there is now limited absolute and relative downside risk if new management can grasp the opportunity for change,” Merrill said.
Shell has this year announced a handful of divestments and in July announced plans to sell its 50 percent stake in the Basell chemical venture with BASF that has been valued at around $7 billion. Shell Trade and Transport shares in London were up 0.4 percent at 397.75 pence.
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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.
