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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.
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2 comments:

  1. donApril 13, 2011 at 3:47 PM

    the only other pure play in the bakken is OAS. Wouldn't that be ironic if COP aquired OAS, as the senior management of OAS worked for burlington Resources, before they were aquired by COP approx 5 years ago..

    ReplyDelete
  2. Bruce OksolApril 13, 2011 at 4:27 PM

    I was going to add OAS to the post, along with KOG, but then thought I would just leave it as the original story. But based on market cap and net acreage, I think OAS would be a better fit for COP than KOG.

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