Shell announced it will sell Jffy Lube to PE for $1.3 billion. Short term gain for long term loss. What happens in 15-20 years when the Pennzoil supply agreement ends? What then?
5 replies (most recent on top)
When the upper management is only collecting money and disregard the bottom, time to exit, or soon if not now.
@b2 Selling everything: the brand, the operations etc. There is a long term supply agreement in place (I dont know the details) so Shell Lubes will still benefit from the purchase of oil for the Jiffy sites.
What a dismal prospect. Is this really a company where one wants to invest their skills, aspirations and future? Shell was once a company with a proud past, exciting growth prospects and technological leadership.
I know - I worked for “that” Shell.
Jeez, what happened?
Are we just selling the brand?
You're forgetting, he can take that money and buy Shel shares. Come-on, didn't he say that is the best investment. Sell Shell actual businesses to fund buying shares for cancellation... doesn't that make sense? I think the issue is that they're just not doing it in large enough volume. Liquidate everything, so that they can buy ALL the shares and cancel them...
But do it with physicists watching, its like the formation of a black hole for money.