Found this also......
3 ENERGY BUYOUT CANDIDATES: WHO COULD THEY BE?!
Posted by Turn Key Oil on November 5, 2011
We have mentioned this before, and we will mention it again, M&A activity in the oil market is growing. Keeping your eyes open for buyout possibilities is probably a good idea if you want to make a solid investment. Well, luckily, we have found 3 possible candidates who could make you some cash on the buyout. Isac Simon suggests these three, and we think he is on the right track.
Samson Oil & Gas (AMEX: SSN )
Increased production in the Bakken shale and higher price realizations ensured fantastic growth for this small cap. Revenues grew 106% to $5.9 million in the last fiscal year. Samson has focused more on liquids with oil production up by 106% to 64,000 barrels of oil. With more than 90% of existing reserves already developed, future cost of development should be a problem. Additionally, the company’s recent success in the promising Niobrara shale should fuel growth for the next few years. With a healthy cash balance of $58 million, it leaves ample room for further expansion. In short, this company’s properties are on the sweet spots.
OMR
Add to My Watchlist
What is My Watchlist?