M&A Rumors in the Bakken

Today, Motley Fool Energy Analyst Taylor Muckerman takes us through some recent rumors around the Bakken regarding potential buyouts. Whiting Petroleum (NYSE: WLL  ) spiked up 12% to 13% this morning amid talk that the Norwegian company Statoil ASA (NYSE: STO  ) may offer to purchase the company for $65 per share. The rumor was later denied, but Whiting's stock rally persisted, and extended to some of the other players in the Bakken, as well. This is the largest area of oil and gas in the continental U.S., and estimates on the amount of resources that are still untapped in that area are increasing every year. This definitely makes this type of speculation something to follow very closely.

One of the fascinating players in the Bakken is Kodiak Oil & Gas. This company's story is one of dynamic growth, but with great opportunities come great risks. Before you hitch your horse to this carriage, let us help you with your due diligence. To see if Kodiak is currently a buy or sell, check out our new premium report, which comes with a year of timely updates and analysis.

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Taylor Muckerman

Taylor is an Associate GM in our Fool International operations. Prior to that he covered all things Energy + Materials as an analyst. Over the years, he has built an investing skill set to rely on when evaluating companies inside and out. While at the Fool, he has made appearances on CNBC and Fox Business. In addition, he completed his MBA at the University of Maryland and will sit for the Level II CFA Exam.

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Related Tickers

12/31/1969 7:00 PM
KOG $0.00 Down +0.00 +0.00%
Kodiak Oil & Gas C… CAPS Rating: *****
OAS $9.69 Up +0.05 +0.52%
Oasis Petroleum CAPS Rating: ****
STO $16.20 Up +0.14 +0.87%
Statoil (ADR) CAPS Rating: ****
WLL $11.29 Down -0.11 -0.96%
Whiting Petroleum… CAPS Rating: **