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BHP Billiton's Kloppers Staying On
Monday, October 8, 2012 - 8:03am | 346BHP Billiton (NYSE: BHP) CEO Marius Kloppers said that he is not looking to leave his role at the helm of the world's largest mining company anytime soon, but that he does not foresee staying on for multiple decades. In an interview with Australia's Financial Review, Kloppers said that running a...
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Carl Icahn and The Chesapeake Conundrum
Thursday, May 31, 2012 - 2:58am | 1471Those not living in a cave by now know that legendary corporate raider Carl Icahn has shelled out about $785 million to buy 50.1 million shares, or 7.6% of downtrodden Chesapeake Energy (NYSE: CHK), the second-largest U.S. natural gas producer. This is Icahn's second tryst with Chesapeake. The...
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One Number Chesapeake Needs to Call
Friday, May 4, 2012 - 1:26pm | 974In the classic "Wall Street," the first one, Michael Douglas' Gordon Gekko told the shareholders of the fictional Teldar Paper "I am not a destroyer of companies. I am a liberator of them!" These days, Chesapeake Energy (NYSE: CHK) investors might feel as though they're stuck with a destroyer of...
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ETFs For A Prowling BHP Billiton
Monday, February 13, 2012 - 2:52am | 705Perhaps comments from CEO Marius Kloppers in 2011 that his company, BHP Billiton (NYSE: BHP), would spend $80 billion to develop and invest in its own mines and oil and gas fields made investors think the world's largest mining company was taking a breather from large-scale mergers and acquisitions...
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Do Falling Nat Gas Prices Mean Chesapeake's A Target?
Friday, January 20, 2012 - 2:23pm | 705This isn't exactly breaking news, but natural gas prices have been in a downward spiral for a while now. So perhaps it's no coincidence that the charts of the U.S. Natural Gas Fund (NYSE: UNG), one of the most controversial ETFs on the market, and Chesapeake Energy (NYSE: CHK) look eerily similar....
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BHP CEO Makes Cautious Remarks On Outlook
Wednesday, November 16, 2011 - 9:48pm | 154BHP Billiton (NYSE: BHP) Marius Kloppers made cautious comments to investors in Australia Thursday regarding the outlook for commodity markets. Kloppers said some BHP customers are paring back orders amid crimped access to financing. "The heightened volatility and uncertain economic outlook are...
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Three Potential Natural Gas Takeover Names
Friday, October 14, 2011 - 1:16pm | 703Over the summer, BHP Billiton (NYSE: BHP) announced it was buying PetroHawk Energy for $38.75 per share in cash, making a clear statement that BHP sees value in natural gas plays, particularly the Marcellus Shale. In the past few days, we have seen an increase in takeover rumors for natural gas...
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Did BHP Just Tell You To Buy Shale Plays?
Friday, July 15, 2011 - 12:50pm | 751Last night, BHP Billiton Limited (NYSE: BHP) announced it would be buying Petrohawk Energy Corporation (NYSE: HK) for $38.75 per share in cash. This is a tremendous move for BHP to get into shale gas assets, and potentially a huge revaluation of the natural gas sector, especially with such a huge...
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BHP Doesn't Know How Woodside Rumor Started
Monday, April 11, 2011 - 3:58am | 185BHP Billiton (NYSE: BHP), the world's largest mining company, is saying it has no knowledge of how speculation regarding the company mulling a $48.5 billion takeover of Woodside Petroleum (PK: WOPEY), Australia's second-largest oil and natural gas producer, started. Speculation has intensified in...
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ETFs For A BHP Acquisition Of Woodside...If It Happens
Monday, April 11, 2011 - 3:37am | 349One of the more interesting M&A melodramas of recent weeks has been speculation about BHP Billiton (NYSE: BHP), the world's largest mining company, acquiring Woodside Petroleum (PK: WOPEY), Australia's second-largest oil and natural gas producer. On Sunday, several credible international media...
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Aussie Brokerage Firm Still Sees BHP Takeover Of Woodside
Sunday, April 3, 2011 - 6:54pm | 379Australia's Southern Cross Equities still thinks BHP Billiton (NYSE: BHP), the world's largest mining company, wants to acquire Woodside Petroleum, Australia's second-largest oil and natural gas producer, an acquisition that several other investment banks have voiced doubt over in recent days....
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BHP Billiton Just Can't Leave M&A Alone
Saturday, February 19, 2011 - 9:08pm | 224After saying earlier this week that it would leave large-scale mergers and acquisitions alone for a while to spend $80 billion to develop and expand its own mines and oil and gas fields, BHP Billiton (NYSE: BHP), the world's largest mining company, may go back on the hunt for deals within a year....
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Sinochem Hires Citi, Deutsche Bank To Evaluate Potash Bid
Wednesday, September 22, 2010 - 1:49am | 190China's Sinochem, that country's largest chemicals trader, has reportedly hired Citigroup (NYSE: C) and Deutsche Bank (NYSE: DB) to help it explore a bid for Potash Corp. of Saskatchewan (NYSE: POT). Speculation has intensified in recent days that Sinochem would make a competing bid to BHP Billiton...