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A small sign of the market’s confidence that Shell's (RDS.A +0.4%) rig mishap off the...

  • Wednesday, January 2, 4:52 PM ET
    A small sign of the market’s confidence that Shell's (RDS.A +0.4%) rig mishap off the Alaska coast doesn’t pose a big threat to the pro-drilling consensus: Shares in both Shell and rig operator Noble (NE +3.8%) finished up today. The accident didn’t occur in the Arctic, and it didn’t involve a well the way the BP disaster did, so the Arctic still looks like fair game for oil exploration under a Democratic president.
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    i must say after what happened to BP's shares and at Japan's nuclear reactor  I stay clear from large Oil companies and large Utility companies involved with deep sea drilling or nuclear power exploitation . there simply is no trading against companies which share value can half in one day caused by one event. is a shame because Shell and SueZ and others are great companies, but what happened to BP put the fear of God in me.
    2 Jan, 05:04 PM Reply Like
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