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Posts on ‘January 25th, 2014’

CFO Simon Henry: Just how many lives has this Shell fat cat got?

Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, beset by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” He has had a hand on the helm throughout the long voyage, during the Sakhalin2 debacle, the Corrib Gas Corruption scandal and more recently, Shell’s Arctic ambitions hitting the rocks. As I have previously pointed out, he also had a starring role in the reserves scandal and managed to evade the flak on that occasion as well. Just how many lives has this Shell fat cat got?

By John Donovan

The role of RDS Chief Financial Officer, Simon Henry, in the instability that has overtaken Shell, thus far seems to have largely escaped scrutiny and blame?

He is the most senior remaining Royal Dutch Shell executive spanning the tenure of the last three top executives at Shell, Sir Philip Watts (dishonest bullying egomaniac), Jeroen van der Veer (dishonest and out of his depth) and Peter Voser (incompetent and ill-advised).

Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, bedeviled by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell a risky bet that ordinary investors should exit

Screen Shot 2013-10-01 at 07.56.54On Jan 20, 2014, we downgraded Europe’s largest oil company Royal Dutch Shell plc to Underperform from Neutral. Our revised investment thesis is supported by a Zacks Rank #5 (Strong Sell). Following Shell’s fourth-quarter profit warning, we see the integrated player as a risky bet that ordinary investors should exit.

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Royal Dutch Shell Down to Underperform – Analyst Blog

January 24, 2014

On Jan 20, 2014, we downgraded Europe’s largest oil company Royal Dutch Shell plc ( RDS.A ) to Underperform from Neutral. Our revised investment thesis is supported by a Zacks Rank #5 (Strong Sell).Why the Downgrade?Following Shell’s fourth-quarter profit warning, we see the integrated player as a risky bet that ordinary investors should exit.

Detailed Analysis

The Hague-based Shell has cautioned investors that hike in exploration costs, lower oil and gas output, along with weak performance by the company’s refining unit, will adversely impact its fourth quarter results.

We are also concerned about Shell’s relatively heavy downstream exposure, which leaves it less diversified than its integrated peers. As such, the group’s results remain greatly exposed to refining/marketing margins. Shell’s downstream operations have struggled recently due to weak demand for fuel, leading to lower returns in this segment. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Shell Arctic Drilling Plans Blocked By Courts

Screen Shot 2013-11-01 at 09.31.18“This is a massive blow to Shell’s Arctic ambitions,” said John Sauven, executive director of Greenpeace UK told the Guardian. “Shell had already lost the case for Arctic drilling in the court of public opinion – today they have lost the case in a court of law as well.”

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by Richard SmallteacherCorpWatch Blog: January 23rd, 2014

Shell’s plans to drill for oil in the Arctic’s Chukchi Sea have been handed a major setback by a U.S appeals court which ruled that the Department of the Interior had underestimated the potential environment impact. The courts ordered the federal government to do a new assessment.

Judge William Fletcher of the 9th Circuit Court in San Francisco ruled that the Bureau of Ocean Energy Management (BOEM) estimate that Shell would only extract one billion barrels was far too low. In the court opinion that Fletcher authored, he said that the numbers were “arbitrary and capricious” and ordered the agency to re-do the environmental analysis based “on the full range of likely production if oil production were to occur.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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