Wednesday, April 13, 2011

Motley Fool Opines on COP and KOG -- Bakken, North Dakota, USA

Link here.

COP has stated (annual report, 2010) it would like to extend its reach into onshore shale in the North Barnett (northeastern Texas), Eagle Ford (south Texas), and the Bakken. COP already has 460,000 net acres in the Bakken.

Motley Fool opines that KOG would be a good acquisition for COP. KOG will be adding a third rig this year.