Today, Motley Fool Energy Analyst Taylor Muckerman takes us through some recent rumors around the Bakken regarding potential buyouts. Whiting Petroleum (NYS: WLL) spiked up 12% to 13% this morning amid talk that the Norwegian company Statoil ASA (NYS: 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.
The article M&A Rumors in the Bakken originally appeared on Fool.com.
Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Statoil (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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