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BG deal disguises a hole in Shell’s financial projections

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Screen Shot 2015-06-05 at 13.56.07The market is having one of its periodic anxiety attacks about Big Oil. 

BG deal disguises a hole in Shell’s financial projections and the dividend is not sustainable.

Shell shares have slumped by 14%.

Screen Shot 2015-06-05 at 13.46.27sort of yield may not come again.

FULL FT ARTICLE:  5 June 2015 (WITH WORKING LINKS)

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