Investors Only: How Much Will $10 Billion Buy You?

Folks who have invested in the Bakken have had a pretty good run, but with the price of oil coming down a bit, there might be some concern there may be a pullback in the stock market.

But I still feel very comfortable with the energy sector, despite some expected volatility.

I was sent this link which will be interesting to follow.

Loews Corp, run by the billionaire Tisch family, reported its best quarter of the year ...

Shares of Loews touched year highs ... with Loews rising as much as 9 percent ...

... and said it was looking at acquisitions in the energy sector.

Tisch added that any deal would be paid for with Loews Corp's cash reserves and expects the deal size to be less than $10 billion.

How much would $10 billion buy you? About a million net mineral acres in the Bakken --- the market cap of Continental Resources (CLR) is just under $11 billion.  

Fortunately, Lowes/Tisch sentiment has been offshore.

Tisch said contract driller Diamond Offshore, in which Loews has a majority stake as of Sept. 30, had the size and skill to compete against the combination of its smaller rivals Ensco Plc and Pride International Inc. ...

Any $10 billion in the energy sector should positively impact most companies in the sector.