QEP Resources (QEP) is paying a rich valuation in its $1.4B purchase of North Dakota properties,...

|About: QEP Resources, Inc. (QEP)|By:, SA News Editor

QEP Resources (QEP) is paying a rich valuation in its $1.4B purchase of North Dakota properties, which bodes well for other players in the region, an Imperial Capital analyst says. "This acquisition is a positive read-through to the pure play Bakken players, which we believe are takeout candidates," the firm says, listing OAS and TPLM as the most attractive candidates for a buyout deal.