Ann: Shell Buy-back Update, page-27

I wanted Shell to exit but now I am looking at any fall in share price as an opportunity to top up for a medium to long term energy play.

Sadly Libya looks set to go the way of Iraq with religious nutters taking over and destroying the infrastructure. Russia energy sanctions looking more likely. Anywhere not in a strategic hot spot and with no major religious involvement in political parties that produces oil is looking more and more attractive as an energy supplier every day. In the near future this stable supply may be worth a premium in new supply contracts.