May 23, 2007, 12:12 pm
Posted by Mark Gongloff
Worth Civils checks in with this look at one analyst’s good feelings about Europe’s oil majors.
Merrill Lynch is still bullish on Europe’s oil and gas industry. In a research note yesterday, analyst Karen Olney offered three reasons for her optimistic outlook of the region’s oil sector, which includes Eni and Royal Dutch Shell.
First, she said, European oil stocks are cheap. Compared with 17 other sectors in Europe, oil has the second-cheapest price-to-earnings ratio after telecom and is on par with the insurance industry.
The oil sector is also defensive, Ms. Olney asserted. “If history is any guide, the oil sector is negatively correlated to risk appetite and does well when investors get nervous,” she wrote. “As profit growth starts to slow, volatility usually goes up. Oil is a safe place to hide during pockets of volatility.”
Finally, she noted, oil prices are rising above analysts’ consensus 2007 estimates of $60 a barrel amid supply concerns and healthy demand. “The oil sector is one of those odd sectors that can do well if global growth remains strong or offer protection if things take a turn for the worse,” she wrote.
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.
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Oil Report: How to Profit
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Special Report: How to Profit With the Oil Service Trifecta
Enjoy….Cheers!