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.

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Comments (7)
  • jimchaney
    , contributor
    Comments (21) | Send Message
     
    EOX TPLM...
    14 Jul 2014, 03:21 PM Reply Like
  • mmhudd
    , contributor
    Comments (18) | Send Message
     
    This could be the first of many to come...Kog & Wll
    14 Jul 2014, 03:32 PM Reply Like
  • J 457
    , contributor
    Comments (1000) | Send Message
     
    Check out KWK at $2.35.
    14 Jul 2014, 05:02 PM Reply Like
  • solojif
    , contributor
    Comments (133) | Send Message
     
    OAS,TPLM,EOX,AMZG
    14 Jul 2014, 05:31 PM Reply Like
  • saltydog
    , contributor
    Comments (492) | Send Message
     
    not enough money for deal. should have bin at least $20.00
    14 Jul 2014, 06:35 PM Reply Like
  • Michael Bryant
    , contributor
    Comments (6759) | Send Message
     
    (NYSEMKT:TPLM) is probably the most likely buyout candidate based on PEG and P/S.
    14 Jul 2014, 09:19 PM Reply Like
  • 745
    , contributor
    Comments (387) | Send Message
     
    Michael, I hope you're right on a TPLM buyout. I been waiting a long time for that one. Hopefully we will fare better on that one than KOG one.
    15 Jul 2014, 12:33 AM Reply Like
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