Public trading strategy
Exxon hunting for energy acquisitions — position in target Woodside Energy for a
Thesis
Exxon is a massive company with deep pockets looking to grow. If they buy Woodside, Woodside shareholders will likely get a premium price. Just the rumor of a buyout often pushes the target company's stock higher as investors buy in anticipation.
Strategy approach
Build a merger-arbitrage / momentum strategy on WDS (Woodside Energy). Enter long on 1D timeframe. Hold for 14 days. Set a 5% stop loss.