Gurus also followed the footsteps of a big activist hedge fund into U.S. oil and gas producer Pogo Producing.

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Gurus also followed the footsteps of a big activist hedge fund into U.S. oil and gas producer Pogo Producing (nyse: PPP - news - people ).

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Duane Grubert, analyst at Fulcrum Global Partners, notes that Pogo Producing (nyse: PPP - news - people ), a 43% stakeholder on a ChevronTexaco gas project in Thailand, has indicated its willingness to sell.

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