Whiting Petroleum (WLL) +11.3% premarket on a report that Statoil (STO) approached the company...


Whiting Petroleum (WLL) +11.3% premarket on a report that Statoil (STO) approached the company with a takeover bid worth up to $7.6B. WLL and STO are among the top producers in the Bakken shale formation in North Dakota, and STO has said it wants to pick up further shale acreage in the U.S.

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Comments (3)
  • MexCom
    , contributor
    Comments (3075) | Send Message
     
    If they don't buy it, I'll still hold. The oil's future worth discounted to this company's capitalization could be several multiples higher than this bid.
    8 Nov 2012, 09:11 AM Reply Like
  • djohnsonhot
    , contributor
    Comments (636) | Send Message
     
    Mexcom, I am in as well....but I sold puts instead and saw an incredible pop here today....short puts, so I am long 5000 shares.

     

    There was a recent volume pop!
    8 Nov 2012, 09:40 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (11718) | Send Message
     
    yes, big pre-market trade and the gains are holding. no announcement yet....
    8 Nov 2012, 09:46 AM Reply Like
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