Royal Dutch Shell PLC (A) (RDS.A)

He wonders why they have not raised the dividend. Has a very, very strong balance sheet. Have a number of projects coming on line. A very cautious company. Moving forward you will see the dividends increase. Quite cheap, so this is one that you just buy and put it away. Treat it like a bond with some upside.

Doesn’t see any real value in the mega-cap energy space right now. Defensive in that they are integrated. Refiners have held up really well.

This might be a better way to take on the energy sector. There may be a tax difference between .A and .B shares. 5% dividend.

Dividend in the 4% range but easily covered by earnings with still lots of room for growth. Earning well in excess of their dividend. No debt issue and they still have room for growth.

Very, Very strong balance sheet. Wonders why dividend hasn’t increased. Stock has done very little since recovery in ’07. Thinks you might see a dividend raise here. You will see very slow but steady growth here. 5% is rich for a stock here. He feels it is moving up longer term.

Likes this one. This is the quality oil/gas European major.

(A Top Pick Nov 22/11. Up 3.61%.) Dividend is solid, very sustainable and will likely grow. A little disappointed that company management hasn’t grown at a more active pace. A little conservative. If the price of oil stays reasonably consistent, he expects they could get spectacular dividend growth over the next little while.

Company has had a pretty phenomenal performance. Has invested very heavily in front of the 07 jet (?) which has led to some very good growth projects coming on stream in the next couple of years. This is one of the few major oil companies that could increase their dividend. Good balance sheet. This is more of a long-term buy and hold company.

Blue chip global multinational. More professionally managed than one or two of it's major rivals. More liquid than others. 4.9% yield.

Bahrain recently announced they are going to increase their holdings from 3% to 7%. They are leading the way for natural gas exploration and production. Dividend of around 5%. You won’t go too far wrong by owning this because you are going to get dividend growth over time.

This one is on his radar. He is warm towards international oils because from a valuation point of view they are very reasonable. This one is a great international company and most of its operations are in political stable areas.

He owns the ’B’ shares. ‘A’ shares are Okay. Have been investing considerable capital. Has dividend stability but no growth short-term. ‘A’s have more liquidity so are preferable.