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

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.
Comments (2)
  • spqr105
    , contributor
    Comments (2) | Send Message
     
    This is huge for TPLM. Looks like an easy double at these valuations.
    24 Aug 2012, 09:51 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2651) | Send Message
     
    BKH wouldn't sell unless at what they considered a full price,but QEP wouldn't buy unless they considered the price to be low enough to provide an acceptable return.

     

    So somebody is wrong. Which one?
    26 Aug 2012, 11:44 AM Reply Like
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