Adios. Huge story. Huge. Shell says it will leave The Netherlands. Shell is the largest company in The Netherlands. Goes back to the 1800's. Will reduce "A" shares and "B" shares to just one class of shares. This is huge.
RD-Shell is getting sued by its own government for not doing enough to go green. RD-Shell announced over the weekend it is moving its HQ (and its tax structure) to the UK from the Netherlands. The Hague says it is disappointed. Links later, perhaps, but I'm sure folks can find the story easily enough. One link here. And, here. And, here, probably the best.
Family-funded deals. I was going to comment on this some days ago, but ran out of ) interest; b) time; c) energy. In that order. The good news? HartEnergy did it for me. Link here. Two names come to mind: Slawson, privately funded; CLR, publicly traded. From the linked article, the lede:
“Anecdotally, yes, it seems like investment in oil and gas from family offices has increased on a percentage basis,” said Marc J. Sharpe, chairman and founder of the Family Office Association. “While it’s difficult to say if the trend is accelerating, it certainly feels like an institutional pullback in oil and gas investing, both debt and equity, is creating opportunity for family offices to fill the vacuum in funding.”
However, the specific motivations have more to do with internal governance and investment mandates, Sharpe noted.
Untrue? I think this is no longer true. I believe Tesla is now making a profit on selling cars, but finance statements being what they are, there could be a bit of smoke and mirrors. But ... link here.
NFL: wow, talk about some lopsided scores yesterday --
- Patriots, 45 -- Browns, 7
- Bills, 45 -- Jets, 17
- Cowboys, 43- Falcons, 3
- Chiefs, 41 - Raiders, 14
- Panthers, 34 - Cardinals, 10
- Eagles, 30 - Broncos, 13
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Veterans Day, 2021
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