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Rumor Mill Buzzing: Is Range Resources Takeover Target? | Marcellus Drilling News
The rumor mill is buzzing that Range Resources is a prime candidate for a takeover. With 1.2 million acres of Marcellus leases, whoever buys it will need deep pockets. Both BP and Exxon Mobil have been mentioned as potential suitors. While Range is trading at 56 times estimated 2012 earnings, the highest of any exploration