Shell (RDS.A, RDS.B) is more likely to sell its ~A$7.1B stake in Woodside Petroleum into any...

|By:, SA News Editor

Shell (RDS.A, RDS.B) is more likely to sell its ~A$7.1B stake in Woodside Petroleum into any significant share price strength on the back of the special dividend just announced by Australia's top oil producer, Macquarie says. Selling now would provide a timely injection of cash for Shell at a time when it’s spending billions of dollars on new facilities in Australia to produce LNG for export.