Friday, July 21, 2006

Is It Deal Time Again in the Oil Patch?

July 16 - NY Times - WHEN Anadarko Petroleum announced last month that it would pay $21 billion to acquire Kerr-McGee and Western Gas Resources, shares of other domestic oil and gas producers climbed. Anadarko offered an overall premium of more than 40 percent above market price for the companies — suggesting to many investors that other drillers were undervalued and that more deals were in the offing. Read More.

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