Comment posted our article Shell Sells U.S. Appalachia Assets to National Fuel for $541 million
World-class investment case?
Shell apparently paid 4.7 USD billion in 2010 for the Marcellus shale and sells it now for 0.541 USD billion.
How does this fit in with Shell’s strategy to provide a “world class investment case”? Some investors reacted sheepishly to the dividend haircut as a “sensible choice made by the Board”. Other investors see perhaps deeper underlying issues with Shell’s management choices and delivery performance, triggering calls for a Van Beurden succession plan.
Perhaps they see a longer legacy of poor choices and dud projects. (Shale, drilling in the Arctic, lacklustre exploration success, Prelude, BG acquisition, ….)
*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.
