Repsol YPF (REP) NewsBite - REP Rises on Buyout Speculation

Thursday, September 25, 2008 11:07 AM EDT

Repsol YPF (NYSE: REP) opened at $31.12. So far today, the stock has hit a low of $31.03 and a high of $31.65. REP is now trading at $31.25, up $1.92 (6.55%). Over the last 52 weeks the stock has ranged from a low of $25.98 to a high of $44.85. Shares of REP are rising today on reports that both Total SA (TOT) and Royal Dutch Shell are considering separate bids for a 20 percent stake in REP, worth about $7.35 billion. Technical indicators for the stock are neutral and S&P gives REP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on REP the stock seems like it could be a candidate for an April covered call above the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]

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