Yep, OAS is mostly in the West Wiliston West of Neisson Anticlin and is an Operator with that blow out quarter. NOG is mostly East of the Neisson Anticline which is a lot more oily. NOG has none of those operator costs like OAS. OAS is good but NOG is just more streamlined. 5% pop would be around 25.50 to 26. You know they are having the landmen putting a value on, and writing reports for a bid on NOG. It would have to be a 20% premium, 29.40 seems like a likely bid without a bidding war.
Not to mention what major will buy these companies! This stock was at it's high last March 7th. 33.37 - We have a long way to go and fools are selling now? I do not get it! Don't they read or study this stock? Consolidation here we come then it is up and away.
so many think nobody would buy a non-operating company. However, they missed the fact that Breiling bought a major non operated position in the Bakken! Another fact is many want access to delivery (supply). Should happen eventually. However, my guess is the production is spun to a LLC. This should be a fun watching the stock catch up to what is actually happening in the field.