GO
Loading...

The Mill – Separating Fact from Fiction: MF Global, Valero Energy

The Fast pros had their eyes on two rumors making the rounds on the Street Thursday. What are the odds?

Should Goldman look at MF Global?

MF Global has been the focus of chatter on the floor, specifically that the firm is looking to sell its futures brokerage. And according to widely followed analyst Dick Bove, don’t be surprised to hear that the company’s CEO Jon Corzine has engineered a deal with his former employer, Goldman Sachs .

What are the odds?

According to trader Jon Najarian, an MF Global-Goldman rumor is more likely false than true.

”I don’t think there’s a chance that Goldman wants anything to do with this,” he said.

Valero Energy Takeover?

Valero Energy spiked on speculation that it may soon be taken over, and may even be the subject of a bidding war. The U.K.’s Daily Mail reported that rumors were making the rounds that Reliance Industries is poised to make a bid, and that Royal Dutch Shell may also get involved.

What are the odds?

Trader Steve Grasso thinks the takeover chatter is likely more true than not.

“I think they are on the block,” he said.

While the whole space initially rallied off the rumor, once the WTI - Brent spread started to narrow, he said everyone started to short the space.

“It’s hard to tell at this point,” he said. “Look for further strength that price is truth.”


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Oct 27, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns AGU; Adami Owns C; Adami Owns GS; Adami Owns INTC; Adami Owns MSFT; Adami Owns NUE; Adami Owns BTU; Weiss owns VZ; Weiss owns F; Weiss owns NIHD; Weiss owns AKAM; Weiss owns JEC; Weiss owns WLP; Weiss owns COP; Weiss owns MDRX; Weiss owns RIMM; Weiss owns HPQ; Weiss owns WLT; Weiss owns AGU; Najarian is long CIGX; Najarian is long CBOE; Najarian is long CME; Najarian is long DB; Najarian is long CS; Najarian is long UBS; Grasso owns AA; Grasso owns AKS; Grasso owns ASTM; Grasso owns BA; Grasso owns BAC; Grasso owns D; Grasso owns KEG; Grasso owns LIT; Grasso owns MHY; Grasso owns PFE; Grasso owns S; Grasso owns XLU

For Jon Najarian
Najarian has long call spreads in AKS
Najarian has long call spreads in BAC
Najarian has long call spreads in PNC
Najarian has long call spreads in WFC
Najarian has long call spreads in AMZN
Najarian has long call spreads in MSFT
Najarian has long call spreads in CMI
Najarian has long call spreads in GMCR
Najarian has long call spreads in AKAM
Najarian has long call spreads in CTXS
Najarian has long call spreads in NUAN

For Steve Grasso
Stuart Frankel & Co and it’s partners own (CSCO)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HPQ)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own JPM
Stuart Frankel & Co and it’s partners own MET
Stuart Frankel & Co and it’s partners own MSFT
Stuart Frankel & Co and it’s partners own MU
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own UAL
Stuart Frankel & Co and it’s partners own XRX

For Rich Ilczyszyn
No disclosures

For Ron Insana
No disclosures

Fadel Gheit
The analyst/associate/member of the analyst's or associate's household owns a long position in XOM. The Oppenheimer & Co. Inc. analyst(s) who covers this company also has a long position in XOM. A member of the household of an Oppenheimer & Co. Inc. research analyst who covers this company has a long position in XOM.

For Amelia Bourdeau
No disclosures

For Howard Lindzon
Lindzon is long NUAN

For Paul Miller
The primary analyst(s) covering the issuer(s), Paul Miller, Jr., CFA, certifies (certify) that the views expressed herein accurately reflect the analyst's personal views as to the subject securities and issuers and further certifies that no part of such analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in the report. The analyst(s) responsible for this research report has received and is eligible to receive compensation, including bonus compensation, based on FBR’s overall operating revenues, including revenues generated by its investment banking activities.
Information about FBR's

For Brian Kelly
Shelter Harbor Capital is long Santander
Shelter Harbor Capital is long Euro

CNBC.com with wires.

Symbol
Price
 
Change
%Change
GS
---
MFGLQ
---
VLO
---

Contact Halftime Report

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET