Maybe its just profitt taking..I would hang in there until YOY, and production status comes out..Been in since I bought @1.89, and have held ever since..Maybe a manipulayion of buyout rumors, maybe weather, who knows..dont let a pullback discourage you so much that you sell on this. If your going to sell, do it for the right reasons. Maybe oil goes back to 90-92. Maybe it wont. I think this is still a good junior, and with their new drilling techniques, it may be something other CO,s look into..In any event, GLTA KOG Longs!!!
Sentiment: Strong Buy
I do prixy;this is a fraud from the beginning kog is a very small company with a very big debt. but the main reason for the drop is some investers that have been here for years know the oil price plus the balkin discount plus the end of qe forever is the reason. this garbage has been dead for a yr. but nobody but the traders would admit it. the hacks in management kept the price below 11,00 for 2.5 yrs. then when the Egypt scare and the sirian #$%$ happened the crude price went up 16.00 a barrel so the difference made profit. now the crude is headed to 85s or so and the spend at any cost jerks at the controls have sold there shares so down we go. same way it went from 10.60 to 6.98 and 9.56 to 7.26. this time we have already gone from 14.08 to about 11.00 and im guessing they will go out of business about 7.50. TO MUCH DEBT.
Sentiment: Strong Sell
we have three reporting references last week , one said we will a lack of oil of1.5 million barrels .one said we had more than 6.9 million too much. one said we had 3 million too much. now i wonder if the gulf coast has too much or too little. it dose not matter. just get the lemmings to jump off the cliff and we will make out.
Surely the worst trading day of the year, maybe several years for KOG. Also notice that other shale plays are getting hit pretty hard. My guess is that there is a presumption that WTI prices will drop back from $97+ back to the mid-low $94/$93's, and this sell off is in anticipation of that pullback. But since nothing has fundamentally changed, I put days like this on IGNORE.
A bit of good news that's not getting much acknowledgement today. It looks like South Texas and North Dakota are doing a great job in lowering our Canadian imports. According to the article, it looks as though our light sweet crude may find a home in Canada, thereby eventually making the U.S. a net-exported of crude by 2020. That would be very good news for the economy.