I hear Shell is thinking of getting back into shale in the US following XOM move to buy PXD. Any truth to the rumors ?
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It’s Diamondback
Shell -- sell low and buy high! A winning Shell strategy every time.
I actually think some natural gas plays are ripe for the picking given the likely increase in LNG export capacity from North America in the second half of this decade. Expansion of their Canadian gas holdings probably makes the most sense and not a return to plays in the US. Some of these companies are relatively cheap too .....
Wael was the Upstream director when when Ben decided to sell the shales business. He wasn't to shy to show he wasn't happy with that decision. Perhaps now he wants to get back into the play?
It would be very funny and on brand for us to get back in after selling to Conoco. What’s a strategy anyway if you can’t change it every couple years?