4 Energy Stock Stories Needing Investor Attention On Monday
Royal Dutch Shell (NYSE:RDSA): Closing price $64.44
On Monday, Shell said that its gigantic Olympus tension-leg platform reached its final destination at the Mars field in the deep-water Gulf of Mexico, as the oil supermajor prepares for first oil sometime in 2014. In a statement, Shell said that the platform reached Mars B on July 20 and was “safely secured in place last week.” The facility sits only one mile from the firm’s existing Mars platform in about 3000 feet of water. The journey was made with the aid of a number of tug boats, which moved the 126,000-ton TLP from Kiewit Offshore Services’ shipyard in Texas where the topsides were installed.
Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.