Huh? Do you have any idea what is happening at all?
It is the acquirer PXD who was up due to strong earnings and since there is a fixed ratio of PXD for PSE in ther takeover, naturally PSE will follow the increase in PXD by a similar percentage,
"They have to up the ante for takeover.."
That is a ludicrous comment since it is the rise in PXD's price which caused the pop in PSE.