JAMIE NIMMO: Friday 11 March 2016
Goldman Sachs became the latest bulge-bracket broker to throw its weight behind Royal Dutch Shell shares after the oil giant’s mega-merger with BG.
The US bank added the supermajor to its hallowed Conviction Buy list, suggesting that more disciplined spending will help protect its rich dividend, which makes it a favourite for pensions and long-term savers.
The company is still set to splash out more than $30 billion (£21 billion) this year, joining only Petrochina above that level, but Goldman expects this budget to shrink from 2017.
Concerns around Shell’s ability to keep rewarding shareholders with bumper payouts amid lower oil prices surfaced before its BG takeover and are likely to have caught the eye of the ratings agencies, which have been on high alert during the commodities crisis. The miners have already felt the full force of junk ratings, but oil majors are yet to feel their wrath.
Fifteen brokers have Buy or Strong Buy recommendations on Shell, up from 12 a month ago, according to data from Reuters. The latest upgrade helped Shell’s B shares gush 38p higher to 1679p.
A slight pick-up in the oil price meant oilers played a part in the FTSE 100’s 92.12-point gain to 6128.82, recovering from yesterday’s slump when ECB president Mario Draghi spooked markets by stating that he does not expect further rate cuts.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
