Sep. 30, 2014, 10:34 AM
- The positive market reaction following Encana's deal for Athlon Energy and other recent transactions may put pressure on inventory short majors and other large-cap companies to pursue M&A activity to increase their quality inventory in the U.S. onshore market, according to a UBS report.
- UBS lists six top potential targets, some of which already are swirling in the rumor mill, including Pioneer Natural Resources (NYSE:PXD), with its own fracking fleet and huge Midland Basin play making it a very attractive but expensive target.
- The firm's other five top M&A candidates: COG, CXO, OAS, RRC, WLL.
Jul. 14, 2014, 2:21 PM
- 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.
Sep. 20, 2013, 10:21 AM
- This month's deal by Oasis Petroleum (OAS +0.5%) in adding 161K acres in the Williston Basin gives the E&P company more real estate in the region relative to its $5.2B enterprise value than any similar-sized competitor, and Sterne Agee says it may lure takeover interest.
- The Bakken region, part of Williston, appeals to larger energy producers due to its proven resource potential and established infrastructure, Raymond James says: OAS has "a nice footprint of acreage. As you get closer to a top-five position in the Bakken... the international guys may want to come in.”
- OAS also offers an attractive valuation, trading at a lower P-E multiple than 71% of U.S. peers, Topeka Capital says.
Aug. 24, 2012, 8:48 AMQEP 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. | 2 Comments
OAS vs. ETF Alternatives
Oasis Petroleum Inc is an exploration and production company. The Company acquires and develops unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.
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