Look at the timing. Announcement released just before the bell yesterday. Even CLR down on up market and rising oil prices!
"That means the fuel may no longer be carried by tank cars that lack certain safety features, according to government officials. That includes 1,100 cars that account for about 3 percent of the total crude fleet, according to the Association of American Railroads."
Rail shipping costs will escalate and eat into margins. If KOG misses, I doubt if it is over 2-3 cents. 1Q14 scares me more..... Lotsa list production due to weather.
Yes.....keep in mind that all this is because the Bakken has some of the best quality oil in the world. Best quality is always the most volatile & lower flash point....light sweet crude ignites easier than the heavy dirtier crude.......light sweet is more valuable & refines to usable fuel much easier with less refinery infastructure & is much more environment friendly......So the railcars will be built stronger & the trains will be slowed down in populated communities...........till the pipelines are built !
All common sense & all good in the long run..which = "BUY OPP"