Tuesday, July 15, 2014

For Investors Only -- July 15, 2014

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or what you think you may have read here. I'm posting this for reasons other than investment advice. 

The price of oil has fallen fairly quickly the last few days and has now broken below $100 (WTI crude).

Shares in Bakken operators have similarly fallen back, and some quite significantly.

Following the WLL-KOG announcement, Bret Jensen over at Seeking Alpha suggested Oasis and Emerald could be takeover targets.

From the blog, a quick look at Emerald:

Emerald Oil (VOG acquires Emerald Oil, announced July 11, 2012) (chronological; most recent data at top)
Small, small operator.

Enterprise value about $470 million.

$470 million / 70,000 acres = $6,700/acre in some pretty nice areas in the Bakken.

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