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Kodiak Oil & Gas Corp. Message Board

bobfromupland 1 post  |  Last Activity: Oct 10, 2014 11:00 AM Member since: Feb 28, 2012
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  • Reply to

    Falling knife.

    by danreeves1982 Oct 10, 2014 10:02 AM
    bobfromupland bobfromupland Oct 10, 2014 11:00 AM Flag

    This decline, along with all energy sell offs, is the result of investors looking 6 months out at the price of oil, and the glut in oil inventory. The only possible hope that I see is if Saudi A. really cuts production. They need oil at about $100 to fund their programs but I don't know if they can get it with what is occurring on the production side world wide. One good thing is the Saudis may not have the money to fund some of the terrorists groups they are presently supporting.

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