Closing arguments concluded yesterday in Tronox's (TROX -3%) case against Anadarko (APC -0.9%),...


Closing arguments concluded yesterday in Tronox's (TROX -3%) case against Anadarko (APC -0.9%), and Jefferies notes one of court's questions implied $2B-$3B would be the minimum acceptable to the U.S. for clean-up. Jefferies believes a judgment against APC in this range would be a bullish outcome, as it estimates at least $4B is priced into APC shares.
Comments (1)
  • Mike Walker
    , contributor
    Comments (390) | Send Message
     
    "implied $2B-$3B would be the minimum acceptable to the U.S. for clean-up."

     

    Putting a smaller range on settlement talks, if still possible before Judge Gropper makes his ruling - February 2013 ?

     

    Anadarko contends a judgement range of zero to $1.4B.

     

    Remain long shares, closed out a short option position today on the DEC 21 72.5 calls by buying the calls and selling the JAN 16 75 calls at a modest credit.
    13 Dec 2012, 12:22 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs