Big Oil has the balance sheets to scoop up several of our Sweet 16. Exxon is already a major player in the Bakken with their XTO subsidiary, but they don't have much in the Eagle Ford. Exxon can easily afford to takeover EOG and the deal would make them #1 in the Eagle Ford.
Whiting Petroleum (WLL), Oasis (OAS) and Kodiak (KOG) are likely targets for a major wanting to get a foothold in the Bakken.
Statoil is rumored to be looking for another large takeover.
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EOG may be on Exxon's radar screen
EOG may be on Exxon's radar screen
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group