Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: WalterWhite who wrote (138593)	12/8/2008 9:24:55 PM
From: LoneClone	Respond to of 313012

Oilexco shares up 34 per cent on news report Mon Dec 8, 6:37 PM The Canadian Press ca.news.finance.yahoo.com By The Canadian Press CALGARY - Oilexco Inc. shares rose nearly 35 per cent Monday after a London newspaper reported several oil-and-gas producers are showing interest in buying the Calgary-based company (TSX: OIL.TO). The online edition of Sunday Times said Morgan Stanley, Oilexco's adviser, has already received interest from Talisman Energy (TSX: TLM.TO) and Petro-Canada (TSX: PCA.TO), both of Calgary as well as BG Group, the British gas company. Maersk, the Danish shipping giant, is also mulling a bid. Oilexco had announced on Nov. 20 that it had hired Morgan Stanley to help it investigate strategic alternatives after the company's board cancelled a planned offering of US$150 million of convertible bonds and up to 20 million common shares. On the Toronto Stock Exchange, Oilexco shares gained 50 cents, or 34.48 per cent, to close at C$1.95 on Monday.