From a regular contributor
I think the Ho Ho line may be one of the assets being sold as part of the IPO announced today.
On another subject completely….the Chinese have done a large scale LNG deal with BP and at the same time announced that their cooperation with Shell will continue. Shell promotes itself as the big LNG player, so why is this LNG deal going to BP? In spite of all the spin, Shell and CNOOC agreeing to continue cooperation is hardly an earth shattering event, so why does it justify so much coverage?
The implications might well be a further indication of an upcoming merger….or perhaps a takeover along the lines of your recent leaked document, in which almost all of the significant board positions went to BP.
Given the liabilities/exposure of owning pipelines, the IPO might be a way of making Shell more palatable as an acquisition target.