LONDON (AFX) – News that the US Securities and Exchange Commission is to launch a formal non-public investigation into last month’s massive reserve cut by Royal Dutch/Shell Group of Companies was welcomed by the market. But dealers were quick to caution the news does not remove the uncertainty of such a probe surrounding the stock….
COMPANY: Market welcomes SEC ‘formal non-public investigation’ into Shell’s reserves fiasco
Posted on February 25, 2004 by EnergyAsia