Shell Plc (SHEL): Royal Dutch Shell (RDS.A, RDS.B) says it...

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Re: OTCdoc post# 400

Wednesday, 10/28/2015 10:32:27 AM

Wednesday, October 28, 2015 10:32:27 AM

Royal Dutch Shell (RDS.A, RDS.B) says it is halting construction on the 80K bbl/day Carmon Creek oil sands project in Alberta, and will take a $2B charge to be recorded in its Q3 earnings, which are scheduled for release on Thursday.

Shell says the decision reflects "current uncertainties, including the lack of infrastructure to move Canadian crude oil to global commodity markets."

Purely My Own Opinion. Do Your Own Due Diligence.

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