TransCanada Completes Gros-Morne, Shell’s Twitter Problem: Energy Business Review
Analyst Fadel Gheit at Oppenheimer says that Murphy Oil Corporation (NYSE:MUR) should explore a number of options, including a possible sale, as he thinks that recent steps to improve shareholder value, including a $1 billion repurchase authorization and domestic retail spinoff plans, would cause it to be more attractive on a continuing basis.
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TransCanada Corporation (NYSE:TRP) reports completion of the Gros-Morne wind farm in Quebec, which marks the final phase of Cartier Wind Energy. The former says that the wind farm was finished one month ahead of schedule and can generate as much as 111 megawatts of renewable energy, which is sufficient for the needs of more than 20,000 Quebec homes anually.
Royal Dutch Shell (NYSE:RDSA)(NYSE:RDSB) trends on Twitter this week, which is not necessarily a good thing for a corporation. The advocacy group Avaaz is responsible, and it backs a move by some politicians in Nigeria to land a $5 billion penalty on Shell to compensate people who were affected by the 2011 Bonga oil spill. Thus far Shell has met the matter with silence.