Companies mentioned as potential Repsol targets posted gains today


In an apparent delayed reaction, companies mentioned as possible takeover targets for Repsol (REPYY.PK, REPYF.PK) as it reportedly looks to make a North American oil acquisition in the $5B-$10B range moved higher today.

After showing only mild action yesterday, Whiting Petroleum (WLL +3.7%) and Kodiak Oil & Gas (KOG +1.6%) posted strong gains gains; strength in SandRidge Energy (SD +6%) also may have been sparked by Respol speculation, although SD wasn't mentioned in this weekend's WSJ article.

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Comments (8)
  • Trader's Profit Compass
    , contributor
    Comments (2054) | Send Message
     
    as long as SD gets to $8.....i could care less how they do it. I appreciated the 6% pop today :)
    17 Sep 2013, 06:31 PM Reply Like
  • mako26
    , contributor
    Comments (244) | Send Message
     
    I knew something was causing this pop lotta a&m going on everywhere maybe we can cash in
    17 Sep 2013, 07:00 PM Reply Like
  • Hillbilly Stock Star
    , contributor
    Comments (743) | Send Message
     
    $KOG come on baby! Long.
    17 Sep 2013, 08:18 PM Reply Like
  • lldarthpaul
    , contributor
    Comments (12) | Send Message
     
    I could care less if someone wants to buy KOG, I have owned it since 09 and have been relatively satisfied with its performance.
    17 Sep 2013, 08:54 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (10738) | Send Message
     
    *Hint*
    .
    .
    .
    .
    Check the recent option trades...
    17 Sep 2013, 08:57 PM Reply Like
  • reno911
    , contributor
    Comment (1) | Send Message
     
    with a recent insider sale of 500k shares or 1/3 of his holdings , I am skeptical that a transaction is in the offing...
    17 Sep 2013, 10:00 PM Reply Like
  • bikerron1
    , contributor
    Comments (665) | Send Message
     
    One must take a good look at HK at this price. I bought more yesterday, and believe it will be a big mover next year. You need to look 12 to 18 months out.
    18 Sep 2013, 04:53 AM Reply Like
  • Bob de'Long
    , contributor
    Comments (701) | Send Message
     
    1.6% (KOG) is about the average for oil E&Ps yesterday. CRZO was very strong. WLL is just recovering ground. I believe an acquisition only when there is one.

     

    PS WSJ writers have a habit of pump and dump ...... and then jail time.
    18 Sep 2013, 07:44 AM Reply Like
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