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OilStockReport

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OilStockReport

Re: btrain post# 232

Tuesday, 10/25/2011 9:21:40 PM

Tuesday, October 25, 2011 9:21:40 PM

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Bunch of greedy lawyers is all. Great deal.

Norwegian oil giant Statoil(STO) has agreed to buy Brigham Exploration(BEXP) for $36.50 in an all cash deal. The deal values Brigham at roughly $4.4 billion and is a more than 20% premium to its Friday close.

This is not an offer to buy or sell securities or any kind of investment advice. Oil investment carries very high risks so consult a licensed professional making any decisions. My resume is real time on Twitter @OilStockReport

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