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Shell (RDS.A) "is in much better shape than it was when he started," seems to be the general...

Shell (RDS.A) "is in much better shape than it was when he started," seems to be the general reaction to Peter Voser's retirement news. But not everyone is enamored with Voser's work, as Shell plans a $120B-$130B capex program for 2012-15, including $33B this year. Perhaps the most interesting part of the news is that Shell will consider external replacement candidates.
Comments (4)
  • Old Trader
    , contributor
    Comments (5724) | Send Message
     
    Finding new sources of production, or expanding/improving current production assets does NOT come cheaply....
    2 May 2013, 05:38 PM Reply Like
  • john001
    , contributor
    Comments (566) | Send Message
     
    I believe he took too big a risk in placing Shell's future growth in NA gas
    2 May 2013, 05:41 PM Reply Like
  • chuck lewis
    , contributor
    Comments (336) | Send Message
     
    Editor The Lewis Letter
    It took great foresight to envision where natural gas was going and Voser had the right glasses on to see where he was going. Today Shell is far ahead of the other majors with 10,000 gas stations in place to fuel truckers needing ng.
    2 May 2013, 05:47 PM Reply Like
  • Ray Merola
    , contributor
    Comments (3086) | Send Message
     
    Super Majors like Shell and Exxon take a long view. They tend to think out a decade, not a quarter. Companies like RDS and XOM have taken huge bets on a super-cycle global transition from oil to gas. The success of these strategies will be measured in years.
    2 May 2013, 06:26 PM Reply Like
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