ssn - bakken increase in production, page-4

i remember during the "gfc" there were many grossly undervalued companies snapped up for a bargain by larger cashed up companies. seems like its happening again. i just hope if we get snapped up its not at this SP and at fair value!

interesting read:

http://www.bloomberg.com/news/2011-10-09/sinopec-agrees-to-buy-daylight-energy-for-2-1-billion-to-meet-fuel-demand.html

key sentences for me in this article:

"Buying Daylight gives Sinopec access to more than 300,000 acres of land in areas rich with oil and natural gas in Canada, adding to the Chinese company’s expansion outside Asia after a slide in oil prices helped depress prices of energy stocks. Sinopec paid $4.65 billion last year to buy a stake in Syncrude Canada Ltd., while rival Cnooc Ltd. on July 20 announced it would spend $2.1 billion to acquire Opti Canada Inc."

"Daylight’s shares declined 54 percent in the past year, according to data compiled by Bloomberg, making the company an ideal takeover target for Sinopec, Tims said"

"Asian buyers may spend $150 billion by 2016 to secure energy resources for their faster-growing economies"