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Posts on ‘January 12th, 2016’

Standard Life to vote for and against Shell & BG merger

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Calling the deal “value destructive for Shell shareholders”, Standard Life announced on Friday that it will vote against, and revealed that it had tried to persuade the Shell board to renegotiate the deal.

by Veselin ValchevTuesday, 12 Jan 2016

Standard Life, a top shareholder in both Royal Dutch Shell Plc (LON:RDSA) and BG Group, will support the deal via its holding in BG, sources close to the company revealed yesterday, after last week the UK fund said it would vote against the deal with its Shell shares. 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

Is Royal Dutch Shell A Buy At 52-Week Lows?

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Extracts from an article by Mihir Mehta: 11 Jan 2016

Summary

Shell has had a bad start to 2016 and is trading close to its 52-week low, but investors should not consider this as an opportunity despite a strong balance sheet.

Shell’s strong balance sheet is overshadowed by the fact that its gross margin has declined and leverage has increased as compared to big oil players such as Exxon and Chevron.

Shell’s leverage growth of 32% is almost four times higher than BP’s leverage growth, indicating that its interest burden has increased at a faster pace than rivals. 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 and BG investor who attacked £40bn tie-up will also back deal

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By Andrew Trotman: 12 Jan 2016

Standard Life Investments is to use its stake in BG Group to back the oil company’s £40bn merger with Royal Dutch Shell, just days after calling the deal “value destructive”.

The investment firm, which owns 2.1pc of Shell and 1.3pc of BG, plans to support the proposal at the latter’s annual general meeting on January 28,

It comes less than a week after David Cumming, head of equities at Standard Life Investments, vowed to vote against the deal using the Shell stake because the low oil price would not make it worthwhile. 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 Prices Slide Again, and the Bottom Is Not Yet in Sight

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By JAD MOUAWAD: A version of this article appears in print on January 12, 2016, on page B1 of the New York edition

The continuing collapse in commodity prices pushed oil futures still lower Monday, and analysts predicted that the slide was far from over.

Oil prices fell to their lowest level in 12 years, with futures of West Texas intermediate crude for February delivery settling at $31.41 a barrel, down 5.3 percent. Oil futures, which lost 30 percent last year, have declined every day of 2016. Brent oil, the main international benchmark, lost 6.5 percent and closed at $31.55 a barrel.

Last year a broad reassessment occurred in commodities, as the global economy slowed and demand from emerging markets like China, India and Brazil waned. The slump in oil prices picked up momentum last week on renewed concerns about the health of China’s economy, which led to a rout in global markets. 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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