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DewDiligence

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DewDiligence

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Re: DewDiligence post# 1197

Thursday, 12/01/2011 1:43:15 PM

Thursday, December 01, 2011 1:43:15 PM

Post# of 29408
Shell sells onshore Nigerian leases for $488M:

http://finance.yahoo.com/news/Shell-Sells-Stakes-Nigerian-prnews-3155060557.html?x=0

These divestments are part of Shell's strategy of refocusing its onshore interests in Nigeria and in line with the Federal Government of Nigeria's aim of developing Nigerian companies in the country's upstream oil and gas business.

I don’t know whether Shell got good value for these assets, but I doubt they will regret leaving.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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