Energy XXI (EXXI +1.5%) shares settle down after an earlier rally based on takeover talk from...

|About: Energy XXI Ltd. (EXXIQ)|By:, SA News Editor

Energy XXI (EXXI +1.5%) shares settle down after an earlier rally based on takeover talk from DealReporter, which says the company could be the next to attract major interest following Freeport McMoRan's recent deals. Another report notes a flurry of recent insider buying at EXXI.