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Rentier

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Rentier

Re: None

Friday, 01/17/2014 8:16:38 PM

Friday, January 17, 2014 8:16:38 PM

Post# of 528
Wish I had a short on this, stock is going to get pounded come next week.

Royal Dutch Shell released a dreadful profit warning today. Fourth quarter earnings are expected to come in at $2.2 billion, down from $7.3 billion a year ago. Full year earnings will be down almost 40% to $16.8 billion. Upstream earnings were off 45% year-over-year, while downstream refining earnings plunged 58%. Topping it off, in the past year Shell’s oil and gas volumes have slumped roughly 13% to 2.9 million barrels of oil (and natural gas equivalents) per day.


http://www.forbes.com/sites/christopherhelman/2014/01/17/what-the-hell-shell-oil-giant-warns-on-disastrous-quarter/
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