Battalion Oil: +5% Arbitrage Spread With Short Timeline [Seeking Alpha]
Battalion Oil Corporation (BATL)
Company Research
Source: Seeking Alpha
Play 6min Summary Battalion Oil Corporation's stock offers a +5% real return within 60 days due to a pending acquisition by Ruckus Energy Holdings LLC at $7/share. The acquisition is an all-cash deal with financing secured, pending one material condition before completion and disbursement to BATL shareholders. Despite inherent risks, the merger arbitrage presents favorable rewards, leading to a Strong Buy recommendation with a $7/share price target. The merger was announced on December 14, 2023, involving two energy E&P companies, BATL and Ruckus. Funtay The common stock of Battalion Oil Corporation ( NYSE: BATL ) offers an attractive +5% real return in what is expected to be less than 60 days. The opportunity stems from the pending merger transaction between BATL and Ruckus This article was written by Anthony H. Steinmetz Follower s Follow My articles primarily focus on value, event-driven, and high yield debt investing. I have a background in managing a sm
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BATL
News
- Battalion Oil Corporation Announces Termination of Merger Agreement with Fury Resources, Inc. and Provides Operations Update [Yahoo! Finance]Yahoo! Finance
- Battalion Oil Corporation Announces Termination of Merger Agreement with Fury Resources, Inc. and Provides Operations UpdateGlobeNewswire
- Battalion Oil Corporation Announces Third Quarter 2024 Financial and Operating ResultsGlobeNewswire
- Battalion Oil: The Acquisition Attempt By Fury Resources May Finally Go Through [Seeking Alpha]Seeking Alpha
BATL
Sec Filings
- 12/20/24 - Form 8-K
- 11/26/24 - Form 8-K
- 11/22/24 - Form 4
- BATL's page on the SEC website