Uncle Sam has loosened the ranks on Arctic oil drilling and Royal Dutch Shell has the inside track on drilling in the Great White North.
Should investors put on their snowshoes and wade into Shell stock?
For the short term, not really. Shell has already said it won’t have any “exploratory wells” ready until 2013. The company’s stock price stands at $69 per share this week, with no appreciable uptick after the Arctic announcement.
Plus, the government has not been overly expansive about granting drilling rights to Shell off the ...