For Investors Only -- COP a Takeover Target?

Link here.

The value of U.S. mergers and acquisitions jumped 39% during the first five months of this year, according to PricewaterhouseCoopers. Companies are sitting on $1.1 trillion in cash, which suggests the second half of the year will see plenty of deals, too.

Last year ConocoPhillips repurchased $3.7 billion worth of its shares and this year it's expected to spend $6 billion. ConocoPhillips trades at 1.5 times the book value of its assets, versus 2.7 times book for Exxon Mobil Corporation, which is about four times the company's size by stock market value. Shares of ConocoPhillips carry a larger dividend yield than most other big energy producers--3.6%.

I personally don't see it. Couldn't get past US regulators. Maybe different if foreign buyer.

Otherwise slow day in the oil patch. COP has a play in the Bakken through BR.