Heard BP is considering making a play for Chesapeake. Can't picture the US govt letting an overseas company acquire such a national asset but it would provide a major boost to all of us who are long. Anyone know when real news (instead of rumors) will hit the street?
Moron. The purpose of a message board is to find out what rumors are true and which ones are not. This is a rumor I heard from a financial sector colleague. Before calling this an act of desparation, let's hear what your experience is, probably some loner sitting at a computer with nothing better to do. I'm a long term investor with a target of $28 so the buyout news would just get me there quicker, but I am willing to wait for the forthcoming nasty winter to drive prices higher.