Everybody thinks the market is toppy and it probably is, but energy stocks never did participated during last spring's Fed QE3 S&P run up. The Seaway pipeline reversal down in Cushing changed everything with the oil markets.
Going long is something new to me, but here at $9.33 it's so last year and we should be at $10. KOG is simply positioning itself ahead of earnings for the next long leg up.
Deep when this does not break 9.60 or 9.33 as you know it is controlled by the hedge funds, they want their buyout they did not get last year. Numbers are good but they need to bring out the project data and convince people that 35,000 is in the past.