October 24, 2007
Steve Hawkes
The takeover speculation that has been sweeping the City’s oil and gas sector reached new highs yesterday as BP was rumoured to be eyeing a possible £3.6 billion bid for Cairn Energy.
Shares in Cairn, the former FTSE 100 explorer, soared nearly 8 per cent, or 158p, to £22.69 and within reach of its highest level of the year.
The jump valued the group at just under £3 billion.
Cairn and BP refused to comment, but industry sources put the talk down to the frenzied atmosphere in the market in the wake of the recent approaches by Eni, the Italian giant, and the Korean National Oil Company for Burren Energy.
One analyst said that investors and hedge funds were desperate to spot the next takeover target early. He added: “The market’s in a state of madness at the minute.”
Hopes of a consolidation wave have been growing for months, given the high oil price and the leading international energy companies’ need to replenish their reserves.
Cairn transformed its fortunes by discovering a one billion barrel oilfield in northwest India, on acreage sold by Shell for little more than $10 million. It recently demerged its Indian operation on the Bombay Stock Exchange but still retains a majority stake.
One analyst said: “Cairn is sitting on a big basin that will have 150,000 barrels of production in 2009, so I very much imagine that some of the big oil companies will be having a look.”
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2726871.ece
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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.
