The market recognized that WLL bought KOG very, very cheaply. Normally the acquiring company drops in price to reflect the cost of acquiring. Not this time because the stockholders of KOG got hosed, plain pure and simple.
Wake up KOG stockholders. You've been cheated on this buyout deal by your own management. Even Mr. Market understands what has happened and thus the WLL rally. The diehard KOG longs are still in deep denial. They left a lot on the table.
I do not believe KOG shareholders will be disappointed in the coming weeks as KOG will now move with WLL.
AEZ moved much higher with HES when HES bought them.
KOG shareholders do not let your shares go cheap. Hold your shares. You will be highly rewarded!
But we are getting a piece of WLL and we should get nothing else and like it! This really sucks but all the common stock holders in the two companies make it pretty much a done deal. I already sold off about a third and bought some SN and MTDR. I'll wait a little longer to see what shakes out. I might keep about one third in WLL in case this is a prelude to it getting swallowed by a bigger fish and spread the rest out among a few up and comers. Any ideas where to put the rest of the proceeds?