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Shell Strikes $70B Deal for BG to Expand in Deepwater Oil and Gas
Oil stocks led London higher on Wednesday as Anglo-Dutch oil producer Royal Dutch Shell embarked on its biggest deal in over a decade. Shell announced an agreement to pay $70 billion in cash and shares for BG Group to gain new deepwater oil and gas operations. The news lifted BG and a host of other energy stocks, while Shell shares retreated. Full investment news article
Adam D’Augelli of True Ventures: Thoughts on Venture Investing
"At its core, venture investing is a job that can be broken down into people (execution) and markets.The best people in an awful market will struggle to build a business and a mediocre team in an amazing market will squander the opportunity." Full investment news article
Relevent to this post: True Ventures
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