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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (1639)12/1/2010 1:27:09 PM
From: richardred  Read Replies (6) | Respond to of 7242
 
EnCana-New buy today -starter position. I think the new Ban of Floria offshore drilling will help NG stabilize just on this news alone. Boone is putting money into NG now. Encana is spinning off Cenovus the oil sands part. It makes for a more pure NG play. RE: Exxon/Mobil -Chevron-I believe big oil will still be interested in buying NG assets at a discount. Fair dividend yield if nothing develops.



To: richardred who wrote (1639)10/20/2012 11:30:25 AM
From: richardred  Read Replies (1) | Respond to of 7242
 
FWIW-ECA a top 10 position for me, mentioned again. With some recent deals by foreign companies coming under Canadian scrutiny. It will be interesting to see how Exxon makes out with Celtic.
Message 26996622
Message 27758240
online.wsj.com

Wow! Natural Gas Hits 10-Month High
By Dan Ritter | More Articles
October 20, 2012








Shares of Encana ( NYSE:ECA) trekked up over 7 percent in the five trading days beginning October 15. Speculation has been mounting that oil and gas giant Exxon Mobil ( NYSE:XOM) could buy the Canadian company, a dense natural-gas dessert following the acquisition of Celtic Exploration.

Exxon Mobil announced its $3.1 billion deal with Celtic Exploration on Wednesday. Exxon Mobil will be claiming 545,000 net acres in the liquids-rich Montney shale, and 104,000 net acres in the Duvernay shale, which currently produces 72 million cubic feet of gas and 4,000 barrels of crude per day, if the deal goes through.

wallstcheatsheet.com