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.
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