Neighboring operators include Exxon Mobil Corp (XOM.N), Encana Corp ECA.TO and Diamondback Energy Inc QEP is "carefully considering" a $ 2.07bn acquisition offer from hedge fund Elliott Management . According to anonymous sources, if the bid is accepted, minority stakeholder Raymond James would run the currently underperforming QEP as an independent, private company, while also potentially attracting competing bids for its contiguous up to two miles in the Permian Basin . Analyst Elliott called the offer a "preliminary step in the negotiation process".
QEP is "carefully considering" a $ 2.07bn acquisition offer from hedge fund Elliott Management . According to anonymous sources, if the bid is accepted, minority stakeholder Raymond James would run the currently underperforming QEP as an independent, private company, while also potentially attracting competing bids for its contiguous up to two miles in the Permian Basin . Analyst Elliott called the offer a "preliminary step in the negotiation process".