Chevron acquiring Anadarko for $33B - another positiveAnadarko up 30pct in pre-market. For the sector as a whole, it shows what senior industry players like Chevron think of current valuations and the once in a generation opportunity to pick up assets on the cheap. May provide another reason today for institutional money to buy even cheaper Cdn assets. But if not a positive specifically today, it is a positive to valuations over the next year or so.
Happy Friday everyone. Oh, and we are not at $2.30 like someone here predicted!!!