SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?


To: richardred who wrote (5064)10/31/2018 8:24:39 AM
From: richardred  Respond to of 6147
 
Someone else agrees with me on Wildhorse.


.Possible Bidders For WildHorse If Chesapeake's Offer Doesn't Stick




Claire Poole Senior Contributor
Markets I write about energy deals and investing.



Share to facebook Share to twitter Share to linkedin
Another is a big, prominent Eagle Ford operator like EOG Resources, which could benefit from consolidation in the basin, Freeman said. He notes that neither company has commented on the possibility of a competing bid.

The analyst values the Chesapeake-WildHorse deal at $7,000 per undeveloped acre, or $900,000 per net undeveloped location. That's roughly in line with recent M&A in the area among exploration and production companies, including Denbury's purchase of Penn Virginia at his estimate of $8,300 per acre.

However, Chesapeake is offering $22.85 per share for WildHorse, versus Freeman's previous valuation of $34 per share and Seaport Global Securities' valuation of $32 per share. "Overall, we think Chesapeake got a heck of a deal, probably too good of a deal from a WildHorse shareholder perspective," SGS analyst Mike Kelly said. It will be interesting to see if a richer bid comes in.



Claire Poole is a business writer based in Houston who focuses on energy deals and investing.





https://www.forbes.com/sites/clairepoole/2018/10/30/possible-bidders-for-wildhorse-if-chesapeakes-offer-doesnt-stick/#11b3b7162722



To: richardred who wrote (5064)11/1/2018 9:05:03 AM
From: richardred1 Recommendation

Recommended By
E_K_S

  Read Replies (1) | Respond to of 6147
 
Another oily deal

Encana to buy Newfield Exploration in $5.5B all-stock deal