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Jim Chanos just delivered a presentation slamming a $70 billion energy deal people have been swooning over

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Jim Chanos just delivered a presentation slamming a $70 billion energy deal people have been swooning over

By Linette Lopez: 7 May 2015

Last month, when the news broke that Royal Dutch Shell was in talks to buy British energy company BG Group, the market gave it the normal golf clap that it gives to eye-popping mergers of massive companies.

Short seller Jim Chanos, however, is hardly impressed. At a massive hedge fund conference, SALT Las Vegas, on Thursday, he gave a presentation slamming the deal and characterizing it as an opportunity to go short.

First off, he said the merger was “out of the blue.”

BG, he said, is plagued with the ills most of its industry faces, high replacement costs and high leverage to cover dividends and buybacks. He believes the company’s capital doesn’t cover spending even before dividends. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell: We have ‘backup plans’ if blocked from Port of Seattle

Article by Joel Connelly published 6 May 2015 by seattlepi.com

Shell: We have ‘backup plans’ if blocked from Port of Seattle

Royal Dutch Shell has “backup plans” if it is blocked from using the Port of Seattle’s Terminal 5 as home port for its Arctic drilling fleet, a senior company executive told reporters at a conference in Houston.

“It’s not my preferred approach — we have backup plans. I don’t think this will delay the program,” said Ann Pickard, the Shell vice president who oversees the company’s plans to drill this summer in Alaska’s Chukchi Sea.

“It’s unfortunate. There are other ports that would like us to be there and they continue to be supportive,” she added. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Greenpeace seeks dismissal of Shell lawsuit seeking safety zones around Arctic drill fleet

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By DAN JOLING, Associated Press

ANCHORAGE, Alaska (AP) — Attorneys for Greenpeace Inc. say Royal Dutch Shell PLC has demonstrated no harm from environmental protesters who boarded a ship carrying a drill rig last month.

In a written motion, Greenpeace asked U.S. District Court Judge Sharon Gleason to reject Shell’s request for court-ordered, expanded safety zones around its Arctic drill fleet.

Shell’s lawsuit is seeking 1,000-meter safety zones around most of its fleet and 1,500 meters around drill vessels. The oil company says the expanded zones would keep crews and protesters safe. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com

Shell share price: boss to present BG merger case to China regulators

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Article by Veselin Valchev published 
Wednesday, 06 May 2015 by invezz.com

Shell share price: boss to present BG merger case to China regulators

Ben van Beurden on tour to win authorities’ approval for £47bn deal

Royal Dutch Shell Plc’s (LON:RDSA) chief executive Ben van Beurden is scheduled to visit China this week, in what analysts say is a crucial moment in the company’s drive to earn regulatory approval for the proposed £47 billion merger with smaller London-listed rival BG Group Plc (LON:BG).

Shell‘s share price had dipped 0.02 percent to 2,091.00p as of 14:08 BST today, falling short of the blue chip London benchmark FTSE 100 index, which had gained about 0.4 percent. Shell’s stock has lost nearly three percent in the year-to-date, and is down more than 10 percent on an annual basis. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, shell2004.com, shellshareholders.org, don-marketing.com and cybergriping.com are all owned by John Donovan. There is also a Wikipedia article: royaldutchshellplc.com
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