reportonbusiness.com: Purchase this article

Posted AT 7:09 AM EST on 24/10/06

Royal Dutch looking very bullish on oil

ERIC REGULY

From Tuesday's Globe and Mail

If you think oil prices are going into the toilet, think again. Royal Dutch Shell's $7.7-billion attempt to take Shell Canada private says the cheap oil scenario -- dreaded by investors, cherished by SUV drivers and politicians -- will be short-lived or won't happen. As far as bullish indicators go, this one's a beaut. Royal Dutch owns 78 per cent of Shell Canada, one of the biggest developers of the Alberta oil sands, and wants to buy the remainder for $40 a share.

The full text of this article has 862 words.

To continue reading this article, you will need to purchase this article.

Already have a member account? Login now

Pay-Per-View Offers To read the complete article, select one of the following options

Purchasing from globeandmail.com is quick and secure.

TSX
DJIA
S&P
Nasdaq

Market	Change	Value
Data delayed 15 minutes
S&P/TSX	-864.41	8,406.21
DJIA	-679.95	8,149.09
S&P 500	-80.03	816.21
Nasdaq	-137.50	1,398.07

Stock Profile	Sponsored by:
Profile Quote Lookup

Bond yields sinking at 'remarkable' speed

Plus: The close: Investors look down

Video: The moment has arrived

Technology


Finding the perfect gadget: Need a present for mom, dad, son, daughter, friend, colleague?

Most Popular

Rank	Headline
1.	Wary shoppers point to sharp drop in outlook 01/12/08 9:21 PM 104
2.	Detroit Three rev up to plead case 3:44 AM 1
3.	Tour operators brace for winter of discontent 3:45 AM
4.	Canada hauls U.S. to WTO over beef, pork rules 5:09 AM 1
5.	Airline retools for holidays 01/12/08 10:10 PM 29
6.	Demers' hiring triggers OMERS internal spat 01/12/08 9:35 PM
7.	Lessons from the Obama campaign 14/11/08 2:06 PM 8
8.	Even Bernanke can't say what's next 01/12/08 9:23 PM 4
9.	Stocks plunge in broad selloff 01/12/08 4:22 PM 147
10.	How did the NBER reach its recession finding? 01/12/08 2:20 PM 163

Rank	Headline
1.	Spam 2.0 25/11/08 3:33 PM 21
2.	Harper, Dion put politics before national interest 01/12/08 11:32 PM 103
3.	One prime minister too many 2:30 AM 154
4.	Harper bulldozes his way to the brink 2:30 AM 24
5.	Stelmach to Ottawa: 'Stop the nonsense' 01/12/08 5:49 PM 529
6.	A chat over chicken gets Dion back to the table 2:30 AM 5
7.	Viewers may see TV in a whole new dimension 4:03 AM 1
8.	Low prices have lobster fishermen seeing red 4:13 AM
9.	Wary shoppers point to sharp drop in outlook 01/12/08 9:21 PM 104
10.	Man who stabbed family had mental-health problems 4:23 AM

Rank	Headline
1.	Harper, Dion put politics before national interest 01/12/08 11:32 PM 103
2.	Harper bulldozes his way to the brink 2:30 AM 24
3.	Brain waves shed light on autism and language 01/12/08 1:01 PM 8
4.	Historic centre of Venice under water 01/12/08 10:12 AM 57
5.	Mutiny on the Rideau 01/12/08 11:32 PM 24
6.	This Faridkot no hotbed of militancy 4:30 AM
7.	Tin eases on confusion over China's plans 01/12/08 8:48 AM 16
8.	In this climate, Craig Oliver is hot! 01/12/08 7:35 PM 1
9.	An absence of leadership 01/12/08 12:12 AM 218
10.	A false pretext 01/12/08 11:30 PM 26

Rank	Headline
529	Stelmach to Ottawa: 'Stop the nonsense' 529
163	How did the NBER reach its recession finding? 163
160	One prime minister too many 160
147	NDP wants Mounties to probe taping of call 147