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Friday, July 15, 2011

In Light of BHP Buying Petrohawk, One Analyst Says KOG and BEXP Could Be Next -- Bakken, North Dakota, USA

Link here.

The "headline" is the whole story.

At a 65% premium, BHP got Petrohawk for $12 billion.

At a 30% premium, BEXP < $5 billion.

At a 30% premium, KOG ~ $1.5 billion.

Pocket change for a big company.