4 Energy Stock Stories for Your Weekend Review
Royal Dutch Shell (NYSE:RDSA): Closing price $67.46
On Friday it was decided that Alaska oil and gas property tax will not pertain to Shell’s Kullik drillship, which has been anchored off Kodiak Island, according to Jim Greeley, petroleum property assessor for the state Department of Revenue. The tax question became a national matter in January, when the top Democratic member on the House of Representatives Natural Resources Committee contacted Shell, accusing it of having moved the Kulluk drillship at least partly for tax reasons. But Shell will not be assessed that tax for the drillship, which had escaped its tow lines and ran aground near Kodiak Island on December 31st.