Energy Prospectus

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?

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.

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

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.