Murphy Oil (MUR +4.3%) shares spike following a CNBC report that Dan Loeb's Third Point hedge...

|About: Murphy Oil Corporation (MUR)|By:, SA News Editor

Murphy Oil (MUR +4.3%) shares spike following a CNBC report that Dan Loeb's Third Point hedge fund may take an activist role in the company and has now accumulated a stake of at least 5%. CNBC says Loeb wants MUR to spin off its retail business, sell its Canadian assets, sell its 5% stake in Syncrude and complete its U.K. refinery business exit. (earlier)