Analysts see more mergers after Chevron buy
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NEW YORK (MarketWatch) -- Houston-based equities research firm Tudor Pickering Holt on Wednesday said likely merger targets include Petrohawk Energy Corp. ]s: hk], Cabot Oil & Gas Corp. /quotes/comstock/13*!cog/quotes/nls/cog (COG 33.84, +1.30, +4.00%) and Range Resources /quotes/comstock/13*!rrc/quotes/nls/rrc (RRC 42.74, +0.15, +0.35%) after Atlas Energy Inc. /quotes/comstock/15*!atls/quotes/nls/atls (ATLS 42.50, +10.78, +33.98%) got scooped up by Chevron /quotes/comstock/13*!cvx/quotes/nls/cvx (CVX 83.62, +0.06, +0.07%) in a $4.3 billion deal. Other possible acquisition candidates listed by the firm included Ultra Petroleum Corp, /quotes/comstock/13*!upl/quotes/nls/upl (UPL 47.07, +1.84, +4.07%) and Carrizo Oil & Co Inc. /quotes/comstock/15*!crzo/quotes/nls/crzo (CRZO 26.76, +2.11, +8.56%) . "Majors just don't do $4 billion deals and then go quietly into the night," Tudor Pickering Holt said in its daily note to clients. "There will be more acquisitions plus take-private deals too."
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