What you are seeing is where we were in 2005 - 2008 with gas drilling. Investors woke up and saw these companies increasing production and reserves at very high year over year rates. At the time natural gas was in short supply and it was being imported. Today oil is very high and will continue to stay high and unlike natural gas it is a world wide commodity. Gas drilling companies ran into trouble because you need facilities to compress it before shipping and there are none. Plus the a-holes in DC have dragged their feet. This is only a prelude to what is going to happen and it will astound you. I got into SWN about where we are now with KOG and the stock tripled in about 8 - 10 months. Once the whiff of being cash flow neutral is in the air this will explode to the upside. By the time they are cash flow positive it will be too late.
Low KOG short interest doesn't surprise. Oct 28th earnings and forecast are gonna push KOG into the $14-$15 range; unless, of course, the storm down south doesn't push it first. Talking about a "perfect storm".