Goodrich Petroleum (GDP +11%) surges after Canaccord calls it a takeover candidate. The firm...

|About: Goodrich Petroleum Corporation (GDPM)|By:, SA News Editor

Goodrich Petroleum (GDP +11%) surges after Canaccord calls it a takeover candidate. The firm believes GDP's 103K net acre Tuscaloosa leasehold is too large for the company to develop alone given its current capitalization; a larger entity could buy GDP in its entirety or the company could enter into a JV and issue equity to fund Tuscaloosa's development.