Following media reports that said that Murphy Oil Corporation might merge with Husky Energy an investigation on behalf of investors of Murphy Oil Corp. (NYSE MUR) concerning whether a potential takeover would be unfair for Murphy Oil Corporation (NYSE: MUR) stockholders and whether certain Murphy Oil directors breach their fiduciary duties in the event of an acquisition.

The investigation by a law firm is at a preliminary stage and monitors a possible takeover. It concerns whether Murphy Oil Corp, certain of its officers and directors, and/or others breach their fiduciary duties owed to Murphy Oil Corporation (NYSE:MUR) investors in connection with the takeover rumors or in the event of a takeover.

Following media reports that said that Murphy Oil Corporation may be in merger talks with Husky Energy, NYSE MUR shares jumped from roughly $64.20 on July 18 to $69.90 per share on Friday July 22, 2011.

However, NYSE MUR shares traded with $77.48 per share as early as April 29, 2011 substantially above the July 18 high.

Additionally, Murphy Oils performance increased over the past two years. Its annual Total Revenue rose from $19.01billion for 2009 to $23.34billion in 2010. Its first quarter Revenue rose from $5.18billion a year earlier to $7.35billion and its first quarter Net Income increased from $148.89million last year to $268.90million for the first quarter in 2011.

Furthermore, shares of Murphy Oil Corporation (Public, NYSE:MUR) grew over the past recent years at a substantial growth rate. NYSE MUR stocks grew from as low as $40.08 in March 09 to as high as $77.48 in April 2011.

Therefore the investigation by a law firm questions whether a potential sale process and the potential price would be unfair to the shareholders of Murphy Oil Corporation (NYSE:MUR). The investigation focuses whether the Murphy Oil board of directors will undertake an adequate and fair sales process to obtain fair consideration for all shareholders of Murphy Oil Corporation (MUR) and will breach their fiduciary duties to Murphy Oil Corp (NYSE:MUR) shareholder by failing to adequately shop the Company before entering into any transaction.

In addition the investigation seeks also to determine if any officer, director or any insiders violated any laws in connection with the takeover rumors.

The investigation concerns also whether the acquirer would underpay for NYSE:MUR shares, thus unlawfully harming Murphy Oil (MUR) investors. A potential class action lawsuit would seek to maximize the amount of money and information NYSE:MUR shareholders would receive in a buyout, so the law firm.