Friday, August 24, 2012, 8:48 AM
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.
2 Comments[Energy, M&A]
Hillbilly Stock Star QEP, OKE, PAA, KOG.......Well if Mid-East goes up in flames I guess the Bakken Boys gonna have to put in some overtime! LoL! Long.