ERHC Energy Inc (ERHE)

[Nightdaytrader]

Devon, Pioneer, Noble possible take-over targets.....
Interesting how this article says that all 3 ex-ERHC Partners are take over targets....

ND9
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Traders look ahead to Fed; stocks end flat
Anadarko's big energy deal causes excitement but does little for the indexes. Markets may react calmly when the Fed raises rates next week. A big hedge fund is under investigation.

Shares of Western Gas and Kerr-McGee soared 46% and 36%, respectively, on the day. But shares of Anadarko fell 8%. Investors could be worried about the high price Anadarko is paying: The $22 billion company is borrowing $24 billion from UBS, Credit Suisse and Citigroup to finance the deals.

The deals boosted the entire oil and gas exploration sector. Analysts Gheit and Hanold both mentioned Pioneer Oil and Gas (POGS, news, msgs) as a possible takeover target. That stock soared nearly 31%. Other names mentioned as possible takeover candidates include Devon Energy (DVN, news, msgs) and Noble Energy (NBL, news, msgs). Devon was up 5% on Friday, and Noble Energy was up 2.5%.

http://articles.moneycentral.msn.com/Investing/CNBC/Dispatch/060623markets.aspx