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

To: richardred who wrote (2584)	12/7/2010 10:32:24 AM
From: richardred	Read Replies (2) \| Respond to of 7254

AGL to acquire Nicor for $2.4bn ft.com

To: richardred who wrote (2584)	12/13/2010 1:20:44 PM
From: richardred	Read Replies (1) \| Respond to of 7254

Billionaire buys stake in EXCO Resources Billionaire Wilbur Ross buys 7.5 percent stake in EXCO Resources On Monday December 13, 2010, 10:55 am EST NEW YORK (AP) -- Billionaire investor Wilbur L. Ross has purchased a stake in independent oil and gas company EXCO Resources Inc. and may want to discuss "extraordinary corporate transactions, such as a merger." Ross' company, WL Ross & Co., notified the Securities and Exchange Commission Friday that it bought a 7.5 percent stake in EXCO. EXCO, based in Dallas, develops oil and gas fields in Texas, Louisiana, Appalachia and other parts of the U.S. Last month, CEO Douglas H. Miller announced plans to take the company private, offering $20.50 per share. Calls to Ross's office and EXCO were not returned Monday morning. EXCO controls about 1 trillion cubic feet of proven gas reserves and has struggled with low natural gas prices that have made some of its operations unprofitable. Its shares tumbled to a 52-week low of $13.25 in September. They added 66 cents, or 3.6 percent, at $19.17 in morning trading. finance.yahoo.com

To: richardred who wrote (2584)	9/7/2011 9:04:59 AM
From: richardred	Read Replies (1) \| Respond to of 7254

Encana to sell U.S. midstream assets for $590 million Wed Sep 7, 2011 7:30am EDT (Reuters) - Encana Corp ( ECA.TO) said it agreed to sell some natural gas midstream assets in Colorado for about $590 million and would likely notch more sales in Canada as it looks to cash in on the strong demand for such assets in North America. Encana, Canada's largest gas producer, said it is on track to meet or exceed the planned sale of $1-$2 billion worth of non-core assets as it cuts back on spending to cope with weak natural gas prices. Including the Piceance midstream asset sale, its net divestitures would stand at about $600 million so far this year, which it aims to plough back into its core business of growing natural gas and liquids production. The Piceance basin midstream assets serve Encana's Mamm Creek, Orchard and South Parachute production and transport about 500 million cubic feet per day (mmcfd). They include about 260 miles of pipeline. "The current highly competitive midstream environment is resulting in significant interest in our Canadian midstream assets... We are optimistic that one or more Canadian midstream divestitures will also be forthcoming by around year-end," said Chief Executive Randy Eresman. In August, the company put its Barnett Shale natural gas assets in North Texas up for sale in an effort to bolster its financial strength amid weak natural gas prices. U.S. gas prices have fallen about 6 percent this year and are currently at about $3.917 per million British thermal units, as supplies have surged, partly due to the advances on shale gas drilling technology. Encana has about half of its expected daily natural gas production hedged from now through the end of 2012 at prices averaging more than $5.75 per thousand cubic feet. Shares of Encana closed at C$23.37 on Tuesday on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Sriraj Kalluvila) reuters.com

To: richardred who wrote (2584)	9/12/2011 1:58:00 PM
From: richardred	Read Replies (1) \| Respond to of 7254

ECA-Added to position today.

To: richardred who wrote (2584)	11/10/2011 1:15:15 AM
From: richardred	Read Replies (1) \| Respond to of 7254

UPDATE 1-Total says looking for more shale in the U.S. Wed Nov 9, 2011 12:06pm EST * Says liquids make sense * Currently targeting certain basins Nov 9 (Reuters) - Total is eager to increase its position in U.S. shale basins, particularly those that have crude oil or natural gas with a high liquids content, a top executive at the French oil major said on Wednesday. "We're very clearly on the lookout," John Bannerman, chief executive officer of Total E&P USA, told the World Shale Gas conference in Houston. The company, which has a joint venture with Chesapeake Energy in the Barnett Shale in Texas, will examine all of its options for a deal, Bannerman said. "All doors are open," the executive said. Crude oil and natural gas liquids currently fetch much higher prices than dry gas, so Total is focusing its efforts on basins that produce those resources. "In this current climate, liquids have an added advantage," Bannerman told reporters. Earlier this month, Chesapeake announced a joint venture deal with an undisclosed international major energy company on some of its prospective acreage in the Utica Shale in Ohio. Bannerman declined to say whether Total is Chesapeake's partner in the Utica, which is thought to hold large amounts of liquids-rich gas and oil. reuters.com