Tuesday, May 29, 2012

Bloomberg: "Chesapeake Valuation Seen Luring Major Oil Merger Deal"

"For any of the major integrated oil companies that want to pick up reserves on the cheap, this would be a good one [...] We’ll look back on this and say, 'Wow, this was really an opportunity.' There may be some people that end up kicking themselves."

4 comments:

portland_allan said...

I'd not complain over a buy-out. I'd miss the nice yield of the preferreds, but having them taken out a par would go a long way to salve that pain.

CP said...

Exactly

eahilf said...

Big (relatively) volume today in the 16 Jun $7 puts. Large outstanding interest too. What's up with that?

CP said...

Lotta idiots. A fool and his money, etc.