Jefferies Highlights Chesapeake (CHK) and Brigham Exploration (BEXP) After BHP/HK Deal

Jefferies commented on shale plays after BHP's (NYSE: BHP) acquired Petrohawk (NYSE: HK) for $12.1 billion.

The firm highlighted Chesapeake (NYSE: CHK) and Brigham Exploration (Nasdaq: BEXP) as "similar"

They said, "Applying BHP's filter to our coverage list yields Chesapeake and Brigham Exploration (BEXP, $29.89, Buy). Chesapeake is a multi-basin, dual commodity company with a massive, under-capitalized resource base. Question is whether activity can be accelerated beyond a $7 billion capex budget. Brigham will be in perpetual need for capital as they drill up a large, prolific and economic oil asset."

Other stocks being discussed by others in the market include:

Range Resources Corporation (NYSE: RRC)
El Paso Corp. (NYSE: EP)
Whiting Petroleum Corp. (NYSE: WLL)
Southwestern Energy (NYSE: SWN)
GMX Resources (Nasdaq: GMXR)
Comstock Resources Inc. (NYSE: CRK)
Goodrich Petroleum (NYSE: GDP)
SM Energy Company (NYSE: SM)
Forest Oil Corp. (NYSE: FST)
EOG Resources (NYSE: EOG)
Kodiak Oil & Gas Corp. (NYSE: KOG)

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