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7/17/2006
Petroleum Deal Gets SEC Scrutiny on Possible Insider Trading
The SEC is investigating potential insider trading in the aquisition of two energy companies by Andarko Petroleum. Andarko, a Fortune 500 oil and gas company is currently in the process of purchasing Kerr-McGee of Oklahoma and Western Gas of Colorado. Irregularities in the stock options of these two companies in anticipation of the sale are what have raised the SEC's, figurative, eyebrows.

Oh those pesky stock options.

-- MDT

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