LONDON (ShareCast) - Mergers and acquisitions news has sparked interest in oil and gas companies, making the sector one of today's best performers.
Shares in Emerald Energy (LSE: EEN.L
-
news) , which rose at the end of last week on talk a potential bidder was circling, are up again today after the oil explorer confirmed it had received a bid approach.
Aberdeen-based oil and gas firm Venture Production (LSE: VPC.L - news) , which has rejected last Friday's 845p-a-share hostile cash bid from energy giant Centrica (LSE: CNA.L - news) , is also a strong riser.
Sticking with resources, mining stocks are lower, with Xstrata (LSE: XTA.L - news) among the fallers after a report in the Observer yesterday said the firm may offer a cash payment to persuade shareholders in rival Anglo American (LSE: AAL.L - news) to consider its merger proposal.
Top performing sectors so far today
Real Estate 1,483.06 +1.47%
Life Insurance (LINS.PK - news) 2,585.76 +1.25%
Fixed Line Telecommunications 1,537.94 +1.03%
Mobile Telecommunications 2,611.94 +0.82%
Oil & Gas Producers 6,453.22 +0.63%
Bottom performing sectors so far today
Industrial Metals 3,623.94 -2.06%
Mining 12,624.43 -2.05%
Automobiles & Parts 1,718.48 -2.00%
Industrial Engineering 2,296.83 -1.46%
General Retailers 1,404.95 -1.23%
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
