RE: Kilgeever12 Apr 2019 14:52
This seems a big bet on shale and on oil prices remaining high,” said CMC Markets analyst Michael Hewson. “That seems a big ask if you think that renewables are set to comprise an increasing bigger part of the energy mix.”
Shares of Anadarko surged 33 percent, reflecting the 39 percent premium offered by Chevron compared to Thursday’s closing market price. The $65 per share offer was structured as 75 percent stock and 25 percent cash.