3 Energy Stock Stories To Evoke Weekend Investment Chatter
Royal Dutch Shell (NYSE:RDSA): Closing price $64.91
On Monday, Shell will begin compensation negotiations with lawyers who represent thousands of Nigerian villagers affected by two major oil spills in the Niger River delta. Some 15,000 residents of Bodo, in Nigeria’s southern Rivers State, are seeking millions of dollars in compensation from the 2008 spills, that were caused by pipeline ruptures. Shell has admitted liability for the spills but disputes the amount of oil spilled and the extent of the damages. The discussions are set to begin Monday in Port Harcourt, the capital city of Rivers State.