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August 09, 2008
Even good news wasn’t beating the bearish mentality by Friday. The evidence was clear from the performance of two high-profile Russian oil plays, FTSE250 constituent Imperial Energy and Aim heavyweight Sibir Energy. Both kicked off Monday with vertical share price take-offs, in Imperial’s case on news that a second party was in talks regarding a possible bid proposal - the two unconfirmed contenders are ONGC of India and Sinopec of China - and in Sibir’s case on news that Royal Dutch Shell is...
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