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Repsol looking to make big U.S. acquisition: WSJ

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Wildbilly Member Level  Sunday, 09/15/13 08:30:00 PM
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Repsol looking to make big U.S. acquisition: WSJ • 7:38 PM

Repsol (REPYY.PK) is looking to spend $5-10B on a North American E&P company as the Spanish oil major seeks to gain a foothold in "stable-market" economies after the Argentina debacle imperiled the company's investment-grade rating, WSJ says.

Companies mentioned in the article as possible targets based on their size and perceived willingness to pursue a deal include Whiting Petroleum (WLL) and Kodiak Oil & Gas (KOG) — those names may get a lift from the article come Monday.

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