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Posts on ‘January 5th, 2016’

Royal Dutch Shell: Investors Should Reconsider Support of BG Deal

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By Mushhood Khan on Jan 5, 2016 at 9:46 am EST

Just as Royal Dutch Shell plc (ADR) (NYSE:RDS.A) edges closer to its $50 billion takeover of BG Group, investors are losing confidence in the company.

Shell has secured regulatory approval from related authorities across the globe; the deal now only requires the shareholders’ vote, which will be obtained later this month. With oil prices trading at record lows, fund managers who own stakes in both BG and Shell, have reduced their share in the former.

Capital Group, one of the world’s leading investment groups, sold off majority of its stake in the BG deal during December. According to its securities filings, the Group sold around $600 million of BG shares last month, bringing down its stake from 2.2% to 0.9%. read more

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Shell’s finance chief tries to persuade investors into £36bn BG merger deal despite oil prices plunge

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By LAURA CHESTERS FOR THE DAILY MAIL: 5 JAN 2016

Royal Dutch Shell’s finance boss Simon Henry has just returned from the ski slopes. The first week back after New Year is usually slow as people readjust to the office.

But for Henry and chief executive Ben van Beurden there is no time to waste. The pair are straight into endless rounds of shareholder meetings.

They are trying to convince investors to agree to Anglo-Dutch giant Shell swallowing BG Group in a £36billion deal.

The deadline is the two big shareholder meetings set for January 27 and 28 when investors vote, and it needs 50 per cent of its shareholders to approve the mega-deal.  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 warns that oil could hit $20 a barrel – but defends £36bn takeover of BG as a long-term deal over 15-year period

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By LAURA CHESTERS FOR THE DAILY MAIL: 5 JAN 2016

The finance boss of Shell has warned the price of oil could fall to $20 a barrel within weeks but has defended its £36billion takeover of BG Group as a long-term deal.

Simon Henry said Goldman Sachs’ prediction that Brent crude oil could fall to $20 a barrel ‘may actually happen in the next few weeks’ but argued the mega-deal is sound on a long-term basis over a 15-year period.

Oil fluctuated around $37 a barrel yesterday after traders acknowledged the panic in the Chinese stock markets and the growing dispute between Saudi Arabia and Iran, the biggest rivals in the Opec oil cartel. 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

Oil price surge makes Shell swoop for BG more palatable

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Jamie Nimmo: 5 Jan 2016

The oil price surge made Shell’s swoop for smaller rival BG slightly more palatable for investors, despite concerns the deal could be called off. The regulatory hurdles have all been cleared, but shareholders must now give  their views on the cash and shares deal, currently worth £37bn – £10bn less than when it was struck in April last year.

That was when the oil price was near $60 a barrel. It now stands at $38 a barrel, even after a 2 per cent jump yesterday.

Shell and BG’s backers vote on 27 and 28 January respectively, but the former could be forced by its own shareholders to renegotiate. 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

Ruairí McKiernan: Corrib gas protesters did State some service

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…many of those involved have been ridiculed, slandered, spied on, harassed, beaten and jailed – all for upholding their democratic right to peaceful dissent. Incidents included the 2005 jailing of the Rossport Five, who spent 94 days in prison at the behest of Shell.

Ruairí McKiernan

As gas is flared into the skies above north Mayo, it is worth reflecting on a project that has been one of modern Ireland’s greatest scandals, a stunning fiasco in planning, economics, environmental protection and the abuse of civil liberties.

Far from it being just about energy supply, jobs and development, the Corrib gas project cuts to the core of this republic and asks big questions about how the country is run.

For more than 10 years now, campaigners have attempted to highlight the project’s many flaws. 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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