Goldman was preaching a possible 150 dollar oil this summer but if oil starts to really break that 95 dollar trend line and run up to 98 or 99 dollar I would be looking at some options for KOG in June. China is showing more demand in years and seems to be starting their high growth demand, I would not be surprised to see a 9 percent growth from China this year. I know the Hedge funds are watching oil this year because many placed their bets late last year including KOG, OAS and OAS has really moved. Anythoughts or plays you suggest?
A dollar a bopd is alot more to KOG than last year last year we started what around 9,000 Bopd and this year probably 27,000 bopd and that can accumulate pretty quickly. I can see why KOG kinda changed some strategies around the last few weeks.