WLL

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mikelp
Posts: 200
Joined: Thu Jun 12, 2014 10:15 am

WLL

Post by mikelp »

ghrcap
Posts: 338
Joined: Tue Oct 05, 2010 8:11 am

Re: WLL

Post by ghrcap »

Price targets for the Bakken/3 Forks players will be under review tomorrow with a take under like this.
Laurin_DE
Posts: 70
Joined: Mon Sep 30, 2013 9:18 am
Location: Bremen, Germany

Re: WLL

Post by Laurin_DE »

probably some pressure on WLL in the short-term... and a win in the long-term, imo.

but who cares... Germany 1 : Argentina 0 :D :D :D :lol: :lol: :lol: :D :D :D
dan_s
Posts: 34923
Joined: Fri Apr 23, 2010 8:22 am

Re: WLL

Post by dan_s »

Great news! This will make WLL #1 in the Bakken.

WLL is a Strong Buy before this deal. If the share price dips it is a Streaming Buy.

I was so glad to see Germany win the World Cup in regular play. I hate when penalty kicks decide such an important game. Argentina never should have beaten the Netherlands anyway.
Dan Steffens
Energy Prospectus Group
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: WLL

Post by setliff »

Whiting to acquire Kodiak • 1:44 AM

•Whiting Petroleum (WLL) will acquire Kodiak Oil & Gas (KOG) creating North Dakota's largest Bakken shale producer. During the first quarter, total combined output of the two companies was more than 107k barrels of oil per day from the Bakken/Three Forks formations.

•The deal is valued at $6B, including $3.8B in stock and $2.2B in net debt, and is expected to close in Q4. Kodiak shareholders will receive 0.177 share of Whiting stock for each share of Kodiak common stock they own.

•"It's going to allow our production at the combined company to grow faster than Whiting standalone did before," says Whiting CEO James Volker. "The combined company will have greater access to capital which will accelerate development of oil production."

saw wll pre-market up >$3
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: WLL

Post by setliff »

stolen from IV----

Kodiak Oil & Gas Shareholder Alert - Buyout Of Kodiak Oil & Gas Corporation (NYSE: KOG) - National Securities Law Firm Seeks Higher Price For Shareholders

NEW YORK, July 14, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, has announced that it is investigating the acquisition of Kodiak Oil & Gas Corp. (KOG) on behalf of investors. Whiting Petroleum Corporation (WLL) ("Whiting") and Kodiak Oil & Gas Corp. (KOG) ("Kodiak") announced a definitive agreement pursuant to which Whiting will acquire Kodiak in an all-stock transaction. Under the definitive agreement, Kodiak shareholders will receive .177 of a share of Whiting stock in exchange for each share of Kodiak common stock they hold, representing consideration to each Kodiak shareholder of $13.90 per share based on the closing price of Whiting common stock on July 11, 2014.

The investigation concerns whether the senior management and board of directors of Kodiak engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares, and whether the price of $13.90 is unfairly low. Indeed, the price is well below what analysts have projected the true going forward inherent value of the company ($19 per share) and is below what the stock was trading at the day prior to the announcement ($14.23 per share).

If you are a shareholder of Kodiak and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:

Tripp Levy PLLC

New York, New York

Toll free: 800-511-7037

International: 602-241-2841

Email: contact@tripplevy.com
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: WLL

Post by setliff »

if I held kog I would be highly pissed :!: :evil:

since I do hold wll :D

but I am concerned as to whether the deal will be nixed in courts. :roll:
dan_s
Posts: 34923
Joined: Fri Apr 23, 2010 8:22 am

Re: WLL

Post by dan_s »

Just a lawyer trying to make a few bucks. This happens with every merger. As long as the have a fairness opinion the deal will go through. I think this is a good deal for KOG shareholders. There is a lot of upside in WLL. The analysts will be taking a hard look at WLL and they should see what I see, a grossly undervalued stock. Being #1 in the Bakken will draw a lot of fund managers to want WLL in their hedge fund.
Dan Steffens
Energy Prospectus Group
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: WLL

Post by setliff »

what wells fargo thinks---------

Motivated Seller Kodiak Takes Discounted Bid -- Market Talk
DOW JONES & COMPANY, INC. 10:18 AM ET 7/14/2014
11:18 EDT - Whiting's (WLL) $3.8B deal for fellow Williston Basin oil producer Kodiak (KOG), which valued the latter's stock at slightly below Friday's closing price, shows "there is sometimes more to M&A than just numbers," says Wells Fargo. It notes CEO Lynn Peterson has much of his net worth in KOG, and that management had tried unsuccessfully for years to sell the company. "Putting ourselves in those shoes, we would be willing to take a little less to lock in the wealth and take the risk off the table," says Wells. WLL climbs 6.2% while KOG gains 4.4% at $14.86 as both hit all-time highs. (ryan.dezember@wsj.com; @RyanDezember)
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: WLL

Post by setliff »

from seeking alpha----

Whiting gets an amazing deal for Kodiak - too good to be true? • 3:45 PM
•Shares of Whiting Petroleum (WLL +7.8%) surge to a new all-time high as analysts agree that WLL pulled off a great deal for Kodiak Oil & Gas (KOG +4.6%), paying ~2% less than KOG's Friday close and just 5% above the 60-day average (earlier).

•WLL’s story grows even more compelling with an accretive deal that gives it a premier position in both the Bakken and Niobrara that should boost growth dramatically, likely with improved metrics across the board that already are at compelling levels vs. peers, Wunderlich says in reiterating its Buy rating.

•In raising its price target to $102, Brean Capital says it would not be surprised to see a competing bid for KOG, but assuming the deal closes as currently constituted, its opinion of WLL is only enhanced as the most attractive opportunity in its coverage universe (Briefing.com).

•Meanwhile, KOG’s decision to sell now is “curious,” according to Sterne Agee's Tim Rezvan, with a Q2 earnings miss possibly explaining the move; KOG has not set a date to release Q2 results.
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