Current RDSA Stock Info

The oil major withdrew an application for its Pierre River Mine, may reapply ‘when the time is right’
Royal Dutch Shell (ticker: RDSA) withdrew its regulatory application today for the proposed Pierre River Mine north of Fort McMurray, Alberta. The company said it made this decision in order to focus its attention on its existing oil sands operations. The project has been in Shell’s project pipeline since 2007.

The Pierre River Mine is a long-term opportunity, according to the company, which it may come back to once prices improve. “Our cur...

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