Saturday, January 29, 2005

The Rockies are still active.

No, I am not talking about seismic activity here! This is a follow up to a couple of earlier posts on M&A among the oil/gas majors in the Rockies.

Just last week, Magnum Hunter was acquired by Cimarex at a healthy premium.

Among the public offerings in the last few months were 2 Colorado based oil/gas explorers/drillers - Bill Barrett (BBG) and Warren Resources (WRES). I bought a few shares of WRES recently since they looked attractive though a near-term buyout is unlikely here.

I missed one company in my earlier posts - Delta Petroleum (DPTR).
This looks fairly valued now and worth adding.


Post a Comment

<< Home