Friday, March 19, 2010

BG (LON:BG) Behind Exxon Mobil (NYSE:XOM) Rumor?

BG and Exxon Mobil Acquisition Rumors

There always seems to be a new rumor concerning EXxon Mobil (NYSE:XOM) acquiring BG (LON:BG), and as usual, there is a brief upward movement of BG stock before it falls back to earth.

It does make one wonder whether BG is the one that instigates the rumors, as it can generate a lot of free publicity, although if they did, they would have to be careful not to incur the wrath of regulators if it were to be discovered they did.

This is my own rumor of course, as there's nothing to prove BG has been behind some of these rumors over the years.

It does make one wonder if someone with a vested interest somewhere does keep these rumors circulating in order to make some quick money or get free publicity for the company.

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