Ernest's Feed
Oct 17, 2014
Oct 16, 2014
Oct 16, 2014
Oct 16, 2014
Oct 16, 2014
Oct 16, 2014
Oct 16, 2014

Whiting’s tab for Kodiak dips with oil prices, but risks remain

, Oct 16 (Reuters) – While the recent slump
in crude oil prices has fanned concern about the longevity of
the U.S. shale boom, it’s created a benefit of sorts for Whiting
Petroleum Corp by lowering the price the North Dakota
oil producer will pay for Kodiak Oil & Gas Inc.

The all-stock deal is now roughly 30 percent cheaper than
when first announced in July, a difference in value of $1.13
billion. The final deal value will reflect Kodiak’s stock price
on the day of closing, expected by the end of the year.

Oct 16, 2014
Oct 16, 2014
Oct 16, 2014