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About: Shell Midstream Partners, L.P. (SHLX), Includes: RDS.A
Power Hedge: Macro, energy, alternative energy, contrarian
Summary
- Shell Midstream’s performance was similar to what it had seen last quarter, although Hurricane Barry had a negative impact because of the shutdowns it caused.
- The company’s onshore pipelines continue to perform well, with Zydeco a very notable example.
- There is some very real growth potential offshore as Shell ramps up Appomattox and other companies in the region do the same and pump oil into the Mars pipeline.
- The company generated an adequate distribution coverage, although it was not as high in this quarter as I would normally like to see.
- The financial structure is still concerning, as it does not have sufficient assets to cover its debt.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
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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