Kiwetinohk Energy (KEC) gained 10% after a $24.75/sh takeout bid from Cygnet, valuing the natural gas producer at $1.4B - or ~3x NTM EBITDA.

Among other notable names, the acquirer is backed by ARC Financial - the same firm behind the $400M take-private of STEP Energy. With crude prices in the toilet bowl…

… we could see more takeouts in the patch.

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