Reuters
Monday, March 19, 2007
LONDON — Canadian oil company Western Oil Sands (TSX:WTO) said on Monday it had not received any bid approaches, despite the company being the subject of takeover rumours.
“We haven’t been approached by any parties at this point,” Chief Financial Officer David Dyck told Reuters in an interview.
The company has hired Goldman Sachs and TD Securities to advise on strategic options, including the possible sale of the company, but there was no time schedule for any deal, Dyck told Reuters.
Western Oil Sand Chief Executive Jim Houck said last month he was looking for ways to boost value for shareholders and indicated this could include the possible sale of the company.
Traders have speculated Royal Dutch Shell Plc. might target Western Oil Sands, after the Anglo-Dutch oil major was successful in its bid for most of the shares in Shell Canada Ltd it did not already own.
Western Oil Sands owns a 20 percent stake in the Shell Canada Ltd.-operated Athabasca oil sands project.
Analysts said a deal could value the overall company at $6.1 billion (US$5.18 billion) to $6.6 billion.
Dyck added the company was considering an initial public offering (IPO) of the company’s interests in the Kurdish area of Iraq.
© Reuters 2007
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.
