Apparently, Exxon Mobil is set to make a bid for BP.
"The Sunday Times separately said that ExxonMobil is considering a bid for BP. Citing oil industry sources, the paper said ExxonMobil had approached the Obama administration for clearance to make a takeover offer."
I had best bet the family farm on that rumor, because if it comes from some un-named "report" it must be true. Surely an acquiring company knows its in their best interest to have a target bid up before any announcement so they will have to pay even more to take it out, right?
Whatever the case, this rumor certainly doesn't have anything to do with pumping S&P futures for a Monday ramp so anchors can do their masters bidding and bait more retail into chasing a pump thats already gone 500 points straight up.
10 bucks cost well over $70.00 in u.s.dollars. I guess you never hunted deer before. I think you meant $10.00 a share u.s.currency. BP is worth $37.00 without a offer. With an offer it's worth more.