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Oil and gas junior companies: What's their end game?

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(Read caption) Austin Mitchell walks away from an oil derrick outside of Williston, N.D. The goal for most oil and gas juniors is to be taken over by a bigger company at a nice premium for the shareholders, says Aroway Energy CEO Chris Cooper in an interview with OilPrice.com.

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The oil and gas game can be a tricky one for junior companies, but if played right the pay-off can be massive. At a time when juniors are risking a lot in volatile venues in the Middle East and Africa, Canada’s Aroway Energy (ARW) is planting its feet firmly in homeland soil and in conventional plays.

Why? Because for the smaller juniors this is not a long-term game and blowing all your capital to drill a single unconventional well in a risky frontier won’t pay off. Canada still has plenty to offer for juniors, even though you have to kiss plenty of frogs to find the prince. The end game, after all, is merger and acquisition.

 

In an exclusive interview with Oilprice.com, Aroway CEO Chris Cooper discusses:

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