Corporate activity has spread to the energy sector, with Aurora Oil & Gas (ASX: AUT) up 56% on Friday following a takeover proposal
Corporate activity has spread to the energy sector, with Aurora Oil & Gas (ASX: AUT) up 56% on Friday following a takeover proposal. AUT has received a $4.10/sh cash takeover offer from Canadian-based Baytex Energy, representing a 56% premium to Friday's close. AWE Limited (AWE) and Sundance Energy (SEA) bounced 11.2% and 11.4% respectively, with both companies operating in similar USA acreage to AUT.
2 topics
Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).
Expertise
most popular
Equities
Morgans’ 12 large-cap best ideas - June 2022
Andrew Tang,
Morgans Financial
Equities
Livewire readers’ 20 most-tipped stocks to beat inflation
Hans Lee,
Livewire Markets
Equities
Money isn't everything
Marcus Padley,
Marcus Today