By Claire Poole: CONTRIBUTOR: 31 JAN 2017
Royal Dutch Shell plc (NSYE:RDS.A) has been on a divestiture spree after its debt-laden $50 billion purchase of BG Group plc last year, the latest being its sale of some of its oil and gas properties in the North Sea to private equity-backed Chrysaor Holdings Ltd. for $3.8 billion as well as its stake in a Thailand field to Kuwait Petroleum Corp. for $900 million. The sales — which follow the recent unloading of assets in Saudi Arabia, Japan and Australia – are nudging it toward 40% of the $30 billion divestiture goal it hopes to reach by the end of next year. What could be next?
There’s been talk that the Anglo-Dutch oil and gas giant has been in discussions to sell its Gabon assets to the Carlyle Group or Perenco for around $700 million. There have also been rumors that the company might shed its interest in a liquefied natural gas export plant in Malaysia, which could bring in more than $1 billion. Shell confirmed in December it was talking about selling its stake in German refinery PCK to Varo Energy, a joint venture between Carlyle and oil trading giant Vitol, although it didn’t disclose potential terms.
Shell could also do some trimming in North America. Analysts at Tudor, Pickering, Holt & Co. Securities see its properties in East Texas’ and northwest Louisiana’s Haynesville Shale — where buyer interest has picked up — as a disposal candidate, a sale that could potentially generate $750 million in proceeds. They also eye potential in the company’s undeveloped acreage in Canada’s Duvernay shale play that they value at $1.2 billion. The company already sold $1 billion worth of properties in western Canada this past fall.
Analysts at Piper Jaffray unit Simmons & Co. International said the value Shell received for this latest set of divestitures in the North Sea and Thailand ”appears reasonable” in this commodity environment and that the company is showing nice momentum on the asset sales front. They added that given the number of transactions the oil and gas industry has announced over the last few months, the macro environment for acquisitions and divestitures has clearly improved – “a positive for the future of Shell’s asset sales program.”
Simmons has an overweight rating on the A shares with a price target of $59 per share, versus a close of $53.71 on Monday.
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: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
