Press release:
Kodiak Oil & Gas Corp. (NYSE: KOG) ("Kodiak"), an oil and gas exploration and production company with primary assets in the Williston Basin of North Dakota,
today announced that it has received notification of early termination
of the waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 relating to Kodiak's proposed arrangement transaction with
Whiting Petroleum Corporation (NYSE: WLL) ("Whiting"), thereby
satisfying a condition to the closing of the transaction.
As previously announced on July 13, 2014,
Kodiak and Whiting entered into a definitive agreement pursuant to
which Whiting will acquire Kodiak in an all-stock transaction valued at $6.0 billion.
The transaction is expected to close in the fourth quarter of 2014,
subject to the approval of both Kodiak and Whiting shareholders, Kodiak
securityholders and certain court approvals and customary conditions.
Halcon Resources is performing very well (pun intended) with a beat on revenues, beat on EPS, and raise of 2014 production guidance and for that stock has dropped from 7 to 5. Strange ?? I believe that Halcon Bakken assets ALONE are worth 4+ Billion but what do I know.
ReplyDeleteI would think investors would see pullbacks in the stock market as buying opportunities. I'm sure Warren Buffett is watching things very, very closely, though he says he doesn't pay attention to such things as "market timing."
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