This week oil driller Ensco plc(ESV) announced the acquisition of competitor Pride International (PDE) in a cash and stock deal valued at $7.3 billion. According to the deal, shareholders of Pride will receive a 0.4778 Ensco share and $15.60 in cash for each Pride share they own. This offer represents a 21% premium to Pride’s …
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Crude oil prices continue to march higher due to geo-political risks and other factors. On the New York Mercantile Exchange March crude rose 0.1% to settle at $90.86 a barrel. Across the U.S. consumers are already feeling the impact of rising oil prices with pump prices well above $3.00 a gallon.With the economy slowly recovering, …
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The global energy consultancy PFC Energy has published the annual ranking of the world’s largest energy companies for 2010. The table below shows the top 25 firms: [TABLE=876] Source: PFC Energy Note: Market cap data is as of 12/31/2010. * Prior listings ranked BHP-Billliton based on total market capitalization; this year the company is ranked …
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The table below lists the top 10 foreign companies by market cap trading on the New York Stock Exchange: [TABLE=865] Some observations: 8 of out of the 10 companies are in the natural resources sector. This shows the growing importance of the commodity sector. The only foreign banking group in this list is the UK-based …
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China is the largest auto market in the world. Through November this year auto sales is up 34% compares to 2009. The list of China’s top 10 automakers by sales as of November 2009 and their relative market share is shown below: RANKING AUTOMAKERS JAN-NOV SALES MKT SHR (PCT) VS 2009 Â 1. SAIC Motor (600104.SS) …