The acquisition of Bedrock is likely to be a significant growth driver for BKV — stock breakout to yearly high!

BKV Corp. looks technically good. The company is a US natural gas producer with locations in the Appalachians and Texas. At the end of September, competitor Bedrock was acquired for $370 million, enabling the company to increase its production from 698 to 821 million cf/day. Given that Bedrock's reserves are approximately 1 trillion cubic feet, this acquisition is likely to be a significant growth driver for BKV. The latest quarterly results from November 10 were strong. Earnings per share were $0.39, significantly above estimates of $0.24, with...