WLL is one of my top Takeover Targets
Posted: Fri Sep 14, 2012 10:07 am
Energy Biz Update: Whiting Petroleum JUMPS, Suitors Named
By Mark Lawson | More Articles
September 14, 2012
Shares of Whiting Petroleum Corporation (NYSE:WLL) took off on chatter that the company will put itself up for sale, along with Thursday’s option action, in which almost 5,400 September $52.50 calls changed hands, which was well above open interest of fewer than 1,900 contracts. Whiting’s potential suitors are reportedly Apache Corporation (NYSE:APA), Chevron Corporation (NYSE:CVX), Occidental Petroleum Corporation (NYSE:OXY), and Royal Dutch Shell (RDS.A).
By Mark Lawson | More Articles
September 14, 2012
Shares of Whiting Petroleum Corporation (NYSE:WLL) took off on chatter that the company will put itself up for sale, along with Thursday’s option action, in which almost 5,400 September $52.50 calls changed hands, which was well above open interest of fewer than 1,900 contracts. Whiting’s potential suitors are reportedly Apache Corporation (NYSE:APA), Chevron Corporation (NYSE:CVX), Occidental Petroleum Corporation (NYSE:OXY), and Royal Dutch Shell (RDS.A).