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Msg  123730 of 125203  at  10/17/2020 12:40:42 PM  by

rlp2451


Speculation swirls around potential bid for EOG Resources

 

Speculation swirls around potential bid for EOG Resources

|About: EOG Resources, Inc. (EOG)|By: , SA News Editor
 

EOG Resources (EOG -1.7%) spiked as much as 4.7% in late trading just before closing lower, apparently in response to a Betaville report that market rumors say a "major oil company" is considering a bid for EOG.

The oil company evaluating a bid is not known, although the speculation centers on companies such as Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM) and Total (NYSE:TOT), according to the report.

The Betaville report is an "uncooked alert," a term it uses to refer to market gossip.



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