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Today's Research Reports on Trending Tickers: Rockwell Collins and BP

NEW YORK, NY / ACCESSWIRE / November 26, 2018 / BP and Rockwell Collins were both daily active moves on Friday with aviation systems company Rockwell Collins getting approval to be acquired by United Technologies and oil giant BP commencing production at Clair Ridge oil field in the U.K.

The Market Edge Initiates Coverage on:

Rockwell Collins, Inc.
https://marketedgereport.com/report/COL/

BP p.l.c.
https://marketedgereport.com/report/BP/

Rockwell Collins, Inc. shares closed up 9.22% on Friday on significant trading volume compared to usual at around 10.5 million shares traded. Average trading volume for the stock is only around 1.7 million shares. The stock was soaring as China gave permission allowing United Technologies to acquire Rockwell Collins. United had made a $30 billion acquisition bid for Rockwell last fall but the proposed merger had suffered through regulatory scrutiny. The deal is now expected to close early next week. The press release from United Technologies on Friday read, "Today's conclusion of the regulatory review by China's State Administration for Market Regulation clears the way for United Technologies to proceed with the proposed acquisition announced on September 4, 2017. The acquisition is expected to close within three business days."

Access The Market Edge's Rockwell Collins, Inc. Research Report:
https://marketedgereport.com/report/COL/

BP p.l.c. shares closed down 3.34% on nearly 9 million shares traded on Friday. The well know oil leader made headlines for beginning production at the Clair Ridge oil field in the U.K. North Sea. This field is being regarded as one of the country's biggest new oil developments in many years and BP is expecting production to peak at 120,000 barrels of oil a day. British Energy Minister Claire Perry stated, "Aided by the innovative use of technology developed in the UK and a strong UK-based supply chain worth £1.5 billion, this will allow the North Sea to continue to be a hub for the high-skilled, well-paid jobs at the centre of our modern Industrial Strategy." Others in the field also include Royal Dutch Shell, Chevron Corporation, and ConocoPhillips. Clair Ridge is now the first offshore deployment of BP’s enhanced oil recovery technology called LoSal®. The technology has the potential to increase oil recovery from reservoirs by using reduced salinity water in water injection.

Access The Market Edge's BP p.l.c. Research Report:
https://marketedgereport.com/report/BP/

Our Actionable Research on Rockwell Collins, Inc. (NYSE: COL) and BP p.l.c. (NYSE: BP) be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport

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