Well good and bad news for longs. XOM wants a total buyout at 8 billion. On our own we would have been worth more eventually. But $170 a share aint bad. Bad news for shorts is that the minutute the deal is announced,,the exit closes permanently. Here we go. Water park rides for all, and pizzas from tonka for all!
Sentiment: Strong Buy
Too low; I would vote against it, but hey, it's Chandler et al that matter. Also I assume that an offer would then open IOC to other bidders. I'd rather keep discovering and selling (strangely, I agree with Kenny on this one.