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3 Bakken Players That Can be Bought at the Right Price

By Tyler Crowe - Mar 13, 2014 at 4:23PM

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Companies that want to expand their presence in the Bakken should look at gobbling up the acreage of these three companies.

Over the past couple of years, many of the large independent oil and gas companies have had one goal: shed some ancillary assets to focus on a few select shale formations here in North America. For the most part, this goal has been accomplished, so now it is time to grow again. With much of the prime real estate taken in these shale plays, it may be time to start looking at gobbling up the acreage of a smaller company, or the entire company itself. Three Bakken producers -- Enerplus Resources Fund ( ERF 0.84% ), Triangle Petroleum (NYSEMKT: TPLM), and Magnum Hunter Resources (NYSE: MHR) -- fit the bill of potential buyouts. 

Aside from having very attractive acreage in the heart of the Bakken, these companies also have one element that makes their holdings so attractive to big players like Continental Resources ( CLR -1.98% ) and Whiting Petroleum ( WLL ). Find out what it is by tuning into the video below. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis – even one of our own – helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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Stocks Mentioned

Enerplus Corporation Stock Quote
Enerplus Corporation
ERF
$9.55 (0.84%) $0.08
Continental Resources, Inc. Stock Quote
Continental Resources, Inc.
CLR
$43.01 (-1.98%) $0.87
Whiting Petroleum Corporation Stock Quote
Whiting Petroleum Corporation
WLL

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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