Royal Dutch Shell/BG Group – $82 billion
In April, Royal Dutch Shell RYDAF -0.98% decided to take advantage of the drop in the values of fellow oil companies and buy BG Group.
It’s unclear how wise that decision was.
Oil prices have continued to drop.
Originally, Shell said the deal made sense even if oil prices dropped to $70 a barrel.
They recently dipped to $34.
The deal gets Shell into the liquified gas market, as well as the offshore oil fields of Brazil.
The move has been blessed by regulators and is likely to get approved by shareholders.
Shell just needs to make the math work.
It recently said it would cut back its capital spending in 2016.
*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.
