Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Ed Ajootian who wrote (82643)	12/26/2000 11:26:27 AM
From: Razorbak	Read Replies (1) of 95453

MRO+PN & Market Efficiency Now this is a little more efficient reaction to a proposed takeover... "Pennaco Fetches Premium" Last Update: 10:39 AM ET Dec 26, 2000: Tuesday, December 26, 2000 --10:39 am - By Tomi Kilgore Pennaco Energy (PN: news, msgs) is spewing out gains of $4.13, or 28 percent, to $18.75. The stock has reached a new 52-week high of $18.81 in intraday trading. The company said late Friday that it agreed to be acquired by Marathon Oil Co., a unit of USX-Marathon Group (MRO: news, msgs), for $500 million, including debt, or $19 a share, in cash. MRO is advancing 50 cents to $27.56. www2.marketwatch.com

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