1 Energy Company Set to Hold a $15 Billion Yard Sale
This segment is from Thursday's edition of 'Digging for Value', in which sector analysts Joel South and Taylor Muckerman discuss energy & materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays & Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
Spending on growth is not something Royal Dutch Shell has shied away from recently. Because of this, Bloomberg estimates that around $15 billion in assets must be sold off to fund major projects on Shell's horizon. Between several large projects in Australia and its participation in the Libra Field auction, Royal Dutch Shell is one of the few companies in its peer group that is looking to maintain its pace of investment. The Petroleo Brasileiro S.A. deal alone will have Shell splitting a $6.9 billion signing bonus among its cohort. For more, tune in to the video below.
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The article 1 Energy Company Set to Hold a $15 Billion Yard Sale originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Petroleo Brasileiro S.A. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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