Seeking Alpha

FT: Shell receives 100-plus serious bids for its Nigerian onshore stake

  • Royal Dutch Shell's (RDS.A, RDS.B) plan to sell much of its onshore Nigerian production has been met with skepticism - with oil stealing rife in the Niger delta, who would buy? - but FT reports Shell has received more than 100 serious bids for its 30% stake in five blocks valued at $3B-$5B.
  • A clean exit from the delta woes would be an early win for new CEO Ben van Beurden, whose ascent was aided by the massive oil theft that contributed to January's profit warning.
Comments (2)
  • john001
    , contributor
    Comments (566) | Send Message
    How can a no-brainer decision be considered an "early win"?
    2 Apr, 10:44 AM Reply Like
  • patra7
    , contributor
    Comments (2) | Send Message
    No-brainer > negative-brainer...
    Seriously, though, the key is "clean exit", that is without a loss (I presume...).
    3 Apr, 02:57 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: