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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:59 EDTXOM, APCAnadarko takeover by Exxon Mobil unlikely, says JPMorgan
JPMorgan believes an Anadarko (APC) takeover by Exxon Mobil (XOM), as rumored during the trading day yesterday, is not likely. The firm notes that Anadarko listed its net asset value in March at above $140 per share. As such, the firm thinks management could require a premium to the NAV in a corporate takeover. JPMorgan believes a more likely scenario is Anadarko undertaking accretive transactions, including the monetization of assets. It has an Overweight rating on the stock.
News For APC;XOM From The Last 14 Days
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August 31, 2015
16:00 EDTXOMOptions Update; August 31, 2015
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13:08 EDTXOMExxon Mobil volatility elevated as WTI oil rally's 4% to $47
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09:35 EDTXOMActive equity options trading on open
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August 30, 2015
15:07 EDTXOMExxon Mobil could be a long-term oil play, Barron's says
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August 28, 2015
13:31 EDTXOMExxon Mobil volatility elevated as WTI oil rally's 7% to $45
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August 27, 2015
09:09 EDTXOMExxon Mobil volatility elevated as shares trade near four-year low
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August 25, 2015
13:24 EDTXOMJudge approves $225M settlement in Exxon Mobil pollution case, AP says
A Superior Court judge has approved a $225M settlement between the state of New Jersey and Exxon Mobil related to pollution at oil refineries and retail gas stations, saying the deal is less than the $8.9B originally sought by the state but still a "reasonable compromise," reports the Associated Press. Reference Link
August 23, 2015
17:49 EDTXOMIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
16:01 EDTXOMOptions Update; August 21, 2015
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12:22 EDTAPCChanos say still short Exploration & Production space
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August 20, 2015
11:00 EDTAPCAnadarko August calls active
Anadarko August 72 and 73.5 calls are active on total call volume of 7K contracts (1K puts) on takeover speculation. August call option implied volatility is at 55, August weekly is at 44, September is at 40; compared to its 52-week range of 22 to 56. Active call volume suggests traders taking positions for large near term price movement.
10:55 EDTAPCRumor: Anadarko moves off lows on renewed takeover speculation
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06:10 EDTXOMAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
16:00 EDTXOMOptions Update; August 19, 2015
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