(Reuters) – Bernstein cut its price targets on BP Plc (BP.L: Quote, Profile , Research) and Royal Dutch Shell Plc (RDSa.L: Quote, Profile , Research) on lower production forecasts from the oil giants, and said it saw greater growth potential from Shell’s portfolio.
Shell has a stronger relative cashflow, and this, along with its more defensive business mix, would make investors favour it at this point, the brokerage said in a research note.
The Anglo-Dutch company’s greater exposure to unconventional hydrocarbons such as liquefied natural gas, gas-to-liquids, oil sands and tight gas, should deliver superior growth to BP’s after 2010, Bernstein’s note said.
Bernstein cut its price target on Shell to 1,824 pence from 1,912 pence. Its new target for BP is 558 pence, down from 575 pence.
Both continue to be rated “market-perform” on the brokerage’s view that commodity prices would fall in 2007. (Reporting by Kuncheria Cholemkeril in Bangalore)
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Fri Mar 2, 2007 4:26am ET
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.
