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UPDATE: Kodiak Oil & Gas (KOG), Pioneer Natural Resources Co. (PXD) Potential Targets, Says Paulson & co.

October 18, 2013 3:18 PM EDT Send to a Friend
(Updated - October 18, 2013 3:26 PM EDT)

Kodiak Oil & Gas Corp. (NYSE: KOG) and Pioneer Natural Resources Co. (NYSE: PXD) may be potential takeover targets, hedge fund manager John Paulson, of Paulson & Co., told investors.

"Kodiak could be an attractive takeover candidate as it provides both rapid growth and long life reserves,” wrote Paulson.

Regarding Pioneer, he said the company has "significant proven reserves and production in low-risk, predictable basins in the U.S."

Paulson & Co. owns 15 million Kodiak shares and 2.4 million shares of Pioneer.




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Comments

another target
Dave S on 2013-10-18 15:34:23
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More likely imo is CXO.


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