Nov. 17, 2014, 3:59 PM
- In the wake of Halliburton's (NYSE:HAL) $34.6B offer for Baker Hughes (NYSE:BHI), it appears the next hot sector for M&A action is energy: More consolidation is likely, given the weakness for stocks in the oilfield services subsector, low interest rates, and as a drop in demand for oil increases cutthroat pricing competition.
- Speculation is running rampant as investors try to figure out who is next in an industry that is sure to undergo some more consolidation; some names identified as possible candidates include Kodiak Oil and Gas (NYSE:KOG), Marathon Oil (NYSE:MRO), Northern Oil and Gas (NYSEMKT:NOG), Anadarko Petroleum (NYSE:APC), Pioneer Natural Resources (NYSE:PXD).
- GE could go after National Oilwell Varco (NYSE:NOV) to show it is serious about the energy industry after last year’s purchase of pumpmaker Lufkin, Royal Bank of Canada says, and Oppenheimer says even BP could be an acquisition candidate.
- But Morgan Stanley does not see offshore drillers getting in on the action, as larger players like Diamond Offshore (NYSE:DO), Transocean (NYSE:RIG) and Seadrill (NYSE:SDRL) are still addressing dividend concerns while smaller companies such as Atwood Oceanics (NYSE:ATW) and Pacific Drilling (NYSE:PACD) still trade close to replacement value.
Oct. 8, 2012, 9:56 AMAn early spike In Northern Oil & Gas (NOG +1.6%) is attributed to takeover chatter making the rounds. Even with strong financial prospects and a recent management overhaul, NOG's stock has traded at a significant discount to peers since the shorts attacked it a year ago, and some analysts think a sale may be the ultimate endgame. | 5 Comments
NOG vs. ETF Alternatives
Northern Oil & Gas Inc is engaged in the acquisition, exploration, development and production of crude oil and natural gas properties,mainlyin the Bakken and Three Forks formations within the Williston Basin of the United States.
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