Old Takeover Rumor a Boon for This Oil ETF

The Market Vectors Unconventional Oil & Gas ETF (NYSEArca: FRAK) rose 1.4% on Wednesday to a new all-time high on an otherwise dour day for U.S. equities. The spark behind FRAK’s market-defying success yesterday is familiar and easy to spot. Rumors regarding a potential takeover of Anadarko...