Oil Driller ETFs Get a Lift from Merger Activity
February 07, 2011 at 15:00 PM EST
Oil drilling exchange traded funds (ETFs) are moving big today after a blockbuster merger webt through, creating the world’s second-largest offshore driller. Offshore drilling specialist Ensco (NYSE: ESV) said on Monday that it would acquire Pride International (NYSE: PDE) of Houston for $7.3...