Shell Lacks Oil Sources, Merrill Says, Telegraaf Reports

Royal Dutch Shell Plc isn’t succeeding in finding enough new sources of oil, according to Robin Batchelor, a fund manager at Merrill Lynch & Co., De Telegraaf newspaper reported.

Batchelor, who heads the $3.7 billion World Energy Fund, sold all of his shares in Shell last year after the company overstated its oil reserves, the newspaper said.

Bloomberg

For those of you who speak Dutch: the original reference is (as yet?) nowhere to be found on the Telegraaf website, using any search option.