This is huge!
I never expected Anschutz going up for sale. Smaller companies, yes, but not part of the Anschutz dynasty.
This is huge for two reasons:
- Another opportunity to see what the Bakken is really worth
- An opportunity for retail investors to buy into Anschutz
My hunch: XOM adds Anschutz to it's recent XTO purchase.
- Another possibility: Harold Hamm.
- Okay, two more: EOG or Hess.
- BEXP is salivating but doesn't have the cash.
Why is Anschutz going up for sale now?
The Journal speculated that Anschutz, and the owners of several similarly sized companies that are also said to be for sale, may also be trying to beat an expected increase in capital gains taxes next year.
If so, watch for some more mega-deals before the end of the year. For an investor, one might want to look for great small-cap companies hurt by the recent stock market sell-off. Such investors might only have to wait for two or three months to see if these small-cap companies are scooped up by the "big boys."
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