Two companies are dwarfing "big oil" in profit margins and reserves. Theyre about to hand investors a double in the short run
December 22nd, 2008:
The Two Most Profitable Oil Plays in the World
Royal Dutch Shell Pension Fund Meltdown
NETHERLANDS The Dutch pension fund of Anglo-Dutch oil giant Shell has seen its funding ratio plummet 160% to 85% in less than a year.
Madoff fraud costs pension funds 44m so far
Samco, the asset management company of the Shell pension funds, said last week it had a total of $45m (32.2m) through indirect investments on behalf of the Dutch Shell Pension Fund...
Investors ready for Iraq invasion as troops pull out
Royal Dutch Shell has signed a multi-billion dollar natural gas deal with the Iraqi government, which will see it capture flared gas released from oil extraction...
Companies blacklisted in US for allegedly backing Mugabe operate freely in UK
Alongside the likes of Shell and BP, who have major networks of petrol retail outlets in Zimbabwe, Breco supplies petroleum products, purchased from the State Oil Company by law, to a mere five retail outlets
Arrow launches $460 mln takeover bid for Pure Energy
The cash component of the offer will be funded via a combination of Arrow's existing cash reserves and proceeds from the firm's recent 30 percent sale of its Australian upstream interests to Royal Dutch Shell (RDSa.L).
Shell ‘risk-free’ North Sea still vital
SHELL'S UK chairman has pledged the oil major's continuing commitment to the North Sea despite his belief that more than half the area's natural reserves have been produced. James Smith told The Scotsman that the fact that there was still a "low risk" in operating in the North Sea compared with some regions of the world also remained a big plus for the major explorers.
Arrow Offers an 81% Premium for Pure Energy Resources
Dec. 22 (Bloomberg) -- Arrow Energy Ltd., Royal Dutch Shell Plcs partner in coal-seam gas in northeast Australia, offered to buy Pure Energy Resources Ltd. for A$673 million ($460 million) in cash and shares, an 81 percent premium to its stock price.