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Stock Market & Financial Investment News

News For RDS.A From The Last 14 Days
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November 19, 2015
05:54 EDTRDS.AACCC says will not oppose Shell's acquisition of BG
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05:34 EDTRDS.ARoyal Dutch Shell, BG Group receives Australian antitrust clearance
Royal Dutch Shell (RDS.A, RDS.B) announced that its recommended combination with BG Group (BRGYY) has received unconditional merger clearance from the Australian Competition and Consumer Commission, or ACCC. Together with the previously announced clearances in Brazil and EU, three of the five pre-conditions to the combination have now been satisfied. The two remaining pre-conditional clearances are from Australia's Foreign Investment Review Board and China's Ministry of Commerce.
November 17, 2015
07:51 EDTRDS.ARBC Capital to hold a field trip
European Energy Field Trip travels throughout Europe on November 17-19.
November 16, 2015
06:51 EDTRDS.ABig energy firms saw 70% earnings dip for first nine months, WSJ says
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November 12, 2015
07:40 EDTRDS.AGlobal LNG market to rebound over longer term, says Bernstein
Bernstein predicts that stronger demand and higher oil prices will cause LNG prices to exceed $10 by 2017. The firm estimates that there will be a large LNG supply deficit by 2025. It identifies BG Group (BRGYY), Shell (RDS.A), InterOil (IOC) and Inpex (IPXHY) as good ways to play this longer term trend. It keeps Outperform ratings on all the stocks named.
November 11, 2015
16:18 EDTRDS.AShell Midstream to acquire Pecten Midstream from Royal Dutch Shell
Shell Midstream Partners (SHLX) announced the execution of a Contribution Agreement to acquire Pecten Midstream, which owns Lockport Crude Terminal and Auger Pipeline System, for $390M from Shell Pipeline Company, a wholly owned subsidiary of Royal Dutch Shell (RDS.A). The acquisition price reflects an approximate 8.6 times multiple of the assets' forecasted 2016 adjusted earnings before interest, taxes, depreciation and amortization. The acquisition will be effective October 1, 2015 and is expected to be immediately accretive to unitholders. In connection with the acquisition, Shell Midstream Partners increased its total borrowing capacity under its revolving credit facilities to $580M. The acquisition is expected to close on or about November 17, subject to customary closing conditions. Shell Midstream Partners expects to fund the acquisition with proceeds from a capital markets transaction, borrowings under existing revolving credit facilities, cash on hand, or a combination thereof.

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