If KOG dropped down to 5-6 dollars there will be many larger oil companies that cannot replace their oil reserves making offers to buy out KOG. This is not the low volume producer it used to be. At 25kbopd KOG is a serious player, and keep in mind that the economics is going to change with the multi-pad drilling. Think about it, drilling 12 well bores from one pad vs drilling one well just 4 years ago. Do you think 12 wells from one pad will change the economics --- yes it will big time. The EUR's per 640 now are 4-10 times what they were just a few years ago. If you are correct regarding the price of KOG, it will be bought out. KOG knows what they are doing, and they are in one single play and it is in the US vs overseas where US oil companies have to deal with terrorist blowing up pipelines, people breaking into pipelines to get oil, and nationalization of oil assets, etc etc.
Believe me, US oil companies love to produce oil from their own country vs foreign countries even if the present Administration doesn't like the big oil companies. Let KOG drop to 5-6. Regards