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Najarian buys energy play on M&A speculation

The J. W. McLean offshore drill rig, operated by Transocean Ltd., stands anchored in the Cromarty Firth in Invergorgon, U.K.
Simon Dawson | Bloomberg | Getty Images
The J. W. McLean offshore drill rig, operated by Transocean Ltd., stands anchored in the Cromarty Firth in Invergorgon, U.K.

CNBC "Halftime Report" trader Jon Najarian scooped up shares of Transocean for his model portfolio after detecting unusual options activity that may signal a deal for the company.

In the past 12 months, shares of the offshore-drilling company have lost more than 45 percent of their value as higher inventories and reduced global demand hit oil prices.

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