shaping up as a powerhuse, page-3

Shell is looking to get out of North Africa mate, becoming too risky. Rebels blowing pipelines up, taking hostages etc. There comes a time where CAPEX + OPEX become greater than profits attributed to the project/s. Better to cut and run than burn more money.

Good article in the AFR on shell, you should have a read settle your nerves a bit. Meo is a sound investment, overvalued in some ppl's eyes, but to me the fundamentals, mngmnt, assets all line up, this is as real as it gets.