Recently, Plains Exploration announced a big deal to acquire Gulf of Mexico assets from BP and Shell. The stock opened sharply down after the deal was announced and stayed there. Many investors are worried that the company overpaid for the acquisition and that offshore drilling will make up too much of the company's asset base. While the purchase price looks decent, it does imply future growth potential of the assets. Watch the following video to get Paul and Matt's full take on the acquisition.
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