Nick Fletcher
Tuesday October 16, 2007
Among the few risers in the leading index were the oil companies, with the crude price hitting new highs. In London, Brent added more than $1 a barrel to nearly $82, while US crude held firmly above $84.
So BP added 3.5p to 622.5p, helped by more positive comment after last week’s restructuring announcement. Analysts at HSBC maintained an overweight rating on the shares, although they edged down their price target from 680p to 675p. “We believe the third quarter should prove to be the low point for BP operationally. Over the next 15 months, we expect the start-up of several key oil fields and the return to full action of BP’s two US refineries to lead to an improvement in sentiment.”
Meanwhile, Citigroup has increased its price target on BP from 593.5p to 600p and on Royal Dutch Shell from £20.34 to £21. Shell was 11p better at £20.56.
But Tullow Oil reversed earlier gains, falling 2p to 625.5p as it issued an update ahead of an analysts trip to its operations in Uganda.
Energy group BG – tipped as a takeover target for one of the large oil groups or a miner like Rio Tinto – slipped 1p to 895p on profit taking. The company has agreed to sell five exploration permits in the Italian Po Valley onshore gas basin to Petroceltic International, down 0.12p to 9.5p. Killik & Co issued a buy recommendation on BG, saying: “We believe [it] has one of the best production growth profiles of the European majors alongside StatoilHydro.”
For the full report go to…
http://business.guardian.co.uk/marketforces/story/0,,2192079,00.html
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.
