Isn't it old news that KOG has talked to suitors and that integrated oil companies are eyeing the Bakken E&Ps? Not sure I see why KOG would rise on yet another news article which basically said what everyone knows.
I thought that too, but then I looked closer at his projected take-out price - $13. A 15% or so premium on a buy-out, ain't that much. Ergo, the lack of buying. I think another quarter and the stock is there without any buy out. Would like to see that in the mid/upper teens.
Win: Just real the Seeking Alpo article on WLL and KOG. The idiots don't even mention KOG's huge production increase that is taking place at this very moment and give KOG a takeout price of $13. That is laughable, but might be what is holding down any price jump today via the WSJ article.
But I agree on the production being key. All the dots are starting to be connected it seems, which is a relief to me personally.