The massive drop in oil prices since mid-2014 has created an environment that's ripe for consolidation, according to Global Hunter Securities Analyst Mike Kelly. In particular, he sees two names that could soon be swallowed up in a buyout.
"Any time that oil price corrects like this, it's an opportunity for deals," Kelly said on CNBC's "Fast Money" recently. Though crude prices have rallied more than 30 percent from March lows, they are still down 50 percent from highs above $100 hit in June of 2014.
"It's a heck of an opportunity to buy somebody on the cheap," Kelly added.