STATOIL has employees in the Algeria hostage crisis.
There has to be thoughts on moving to more secure oil plays.
When they bought Brigham they bought the best company they could buy for a great price.
OAS, size wise is closer to Brigham but KOG may be the bargain.
More likely to buy EOG.
Gotta wait til the reserves numbers come out to determine if it's a bargain. Debts makes KOG not so attractive at this time. The new reserves #s should spit shine the bear a little.
Debt should top out for KOG in third qtr, possible 4th as they then become self funding. Then have the option to pay down debt or expand production.
Of course all based on price of bbl staying around $90