I don't play for takeovers, but sometimes you see a company grossly undervalued when you look.
Anyone care to speculate as to which producer will be next to be acquired?
Next Energy Takeover Play Is ?
Re: Next Energy Takeover Play Is ?
In my opinion, OAS and TPLM are the two best pure plays on the Bakken that are available. CLR may go after one of them if Hamm wants to move back into the #1 slot.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Next Energy Takeover Play Is ?
from seeking Alpha today
Focus is on Bakken buyout candidates after Kodiak's $6B takeout
Whiting Petroleum's (WLL +7.4%) $6B buyout of Kodiak Oil & Gas (KOG +5.1%) is renewing investor attention on independent energy firms with operations in the Bakken Shale, especially those significantly owned by hedge funds; Paulson & Co. is the single biggest owner of KOG stock, with just under 10% of shares outstanding as of the last filing date.
While many of the largest Bakken producers are huge companies or parts of huge companies - Hess (NYSE:HES), EOG, Statoil (NYSE:STO), Marathon Oil (NYSE:MRO), XTO Energy (NYSE:XOM) - a few small and mid-cap independent players show hedge fund interest, CNBC's Brian Sullivan writes.
The single biggest holder of Oasis Petroleum (OAS +0.5%) also is John Paulson's hedge fund, which owns 9.9M shares (~9.8% of shares outstanding), Jana Partners owns 16M-plus shares in QEP Resources (QEP +1.4%), and WPX Energy (WPX +1.1%) has substantial hedge fund ownership.
God Bless
Focus is on Bakken buyout candidates after Kodiak's $6B takeout
Whiting Petroleum's (WLL +7.4%) $6B buyout of Kodiak Oil & Gas (KOG +5.1%) is renewing investor attention on independent energy firms with operations in the Bakken Shale, especially those significantly owned by hedge funds; Paulson & Co. is the single biggest owner of KOG stock, with just under 10% of shares outstanding as of the last filing date.
While many of the largest Bakken producers are huge companies or parts of huge companies - Hess (NYSE:HES), EOG, Statoil (NYSE:STO), Marathon Oil (NYSE:MRO), XTO Energy (NYSE:XOM) - a few small and mid-cap independent players show hedge fund interest, CNBC's Brian Sullivan writes.
The single biggest holder of Oasis Petroleum (OAS +0.5%) also is John Paulson's hedge fund, which owns 9.9M shares (~9.8% of shares outstanding), Jana Partners owns 16M-plus shares in QEP Resources (QEP +1.4%), and WPX Energy (WPX +1.1%) has substantial hedge fund ownership.
God Bless
Re: Next Energy Takeover Play Is ?
What's really cool about a deal like the WLL takeover of KOG is that it draws a lot of attention to the sector. I'd like to see some M&A activity in the Eagle Ford and Permian. IMO Approach Resources (AREX) is a "Screaming" takeover target in the Permian.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group