Anadarko / Chevron:

It would appear that very often the most obvious bidder can be hidden in plain sight, and this has certainly been the case ee Anadarko / Chevron.

apcimage

But at least the rumour mill was spotting smoke leading to fire. What was interesting is that on March 26 shares of Anadarko gapped higher (6 days after the article here on Zakmir.com) at the bottom of the range, and surged again last Friday. The offer of $65bn seems full and fair…

 

 

Author: Zak Mir

Financial commentator, interviewer, technical analyst

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