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Oil is troubled waters for Shell

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Chris Nuttall: Dec 14, 2015

The oil price is also a teaser for Shell, would-be acquirer of BG. The takeover was originally predicated on oil prices of over $70 a barrel. Chief executive Ben Van Beurden then revised that figure to the mid $60s, even as he tweaked up synergy targets. With oil at under $40 a barrel, investors are increasingly sceptical whether the transaction should go ahead, albeit that only a third of the original price was in cash rather than shares. The Chinese Ministry of Commerce has cleared Shell’s takeover of BG Group…

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