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КОрпорация Кодиак Ойл & Газ Message Board

  • g8rguy96 g8rguy96 Feb 26, 2014 1:07 PM Flag

    Sell off driven by shipping regs not earnings

    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.

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