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3 Oil Stocks That Could Get Bought Next

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Baker Hughes Incorporated (BHI) stock jumped following the company’s announcement on Monday of a merger with General Electric Company's (GE) oil and gas segment. But owners of oil stocks have been hearing about a potential tsunami of buyout activity in the space ever since the price of crude oil bounced off of the $26 level back in February.

Now that GE and BHI have reached a deal, it could signal the beginning of the consolidation wave of the U.S. oil downturn.

Potential buyers may begin feeling the heat to pursue their favorite targets before they disappear as well. Oil majors have plenty of cash on hand for deals. Now that it appears as if the bottom is in sight for the oil market, some promising targets are on sale for cheap.

Here are three oil stocks that could be the next takeover targets.

This slide show is from InvestorPlace, not the Kiplinger editorial staff.

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