RE:Takeover Targets in Canada's energy patch this year stockfy wrote: Given that TOU has been a consolidator, I wonder whether it will acquire another company this year. TOU has not made any big deal lately. The investors who successfully pick takeover targets either oil-weighted or natural gas weighted will outperform. If the government changes this fall, M&A activity will accelerate. This is what everybody says in the energy patch.
I believe InPlay Oil (IPO) is one of the takeover targets in Canada thanks to its strong results from its bioturbated Cardium wells. IPO is oil-weighted, not natural gas weighted though. The two funds who own 40% of IPO will sell it and IPO's CEO implied a sale a few months ago.
I also think a takeover target from the natural gas sector is Point Loma (PLX). Time will tell.
At the right price I'm pretty sure that Sprott Resource Holdings Inc. (SRHI) would let go of their 10% position in IPO as the focus in on their current business is the ramp up and expansion of the Chilean MTV mine.