A Review of the Nigerian Energy Industry

Anadarko stock spikes on takeover speculation

anadarkopetroleumcorporation12 June 2014, News Wires – Anadarko Petroleum’s stock has risen on speculation it could be a takeover target of fellow US company ExxonMobil.

Anadarko’s stocks closed 4.2% higher on Wednesday, at $108.32, as rumours circled on the internet the US supermajor was eying Texas-based company.

Bloomberg cited Anadarko spokesman John Christiansen as saying the company does not comment on rumours while ExxonMobil also declined to comment when contacted by the news agency.

Anadarko holds a global portfolio of assets, including offshore exploration and production assets in the Gulf of Mexico, Africa, Brazil and New Zealand, as well as stakes in onshore shale plays in the US.

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