Post by
Carbonbull on Apr 05, 2024 1:56pm
Interesting to reprice reserve report with today price curve
Obviously a significant change , what was a flat $72 is looking like a flat $85. This should lead to a change in KEI drilling program , also interesting that a major is execising their farm in rights on the two wells being drilled currently , they would only do this if their was interest in the field >>>fingers crossed ...a buyout could be on the table IMHO. Insiders restricted from trading thus the drift down , but value is undeniable. Starting to reestablish a more significant position , having lightened my VLE position recently ....both quality names but you can only take one partner to a friday night dance.
Comment by
savyinvestor333 on Apr 05, 2024 2:45pm
Had some buy orders in at $4.27 yesterday but only added 500. Bought a few more this morning but look at the volume. Hard to get a large quantity. I also like the partnership and am thinking the same way.