RE:Kelt STILL on a rampage....Spartan did get a good price for their Gold Creek/Karr asset - just compare what Chevron* paid Monday for PDC Energy a pretty fully developed 250,000 boepd US play - but it was 37,000 boepd already. Whereas Kelt selling any major asset now would be selling themselves short IMO. Good things come to those who wait.
By the way, that PDC transaction was a complete no brainer for Chevron - ~12% free cashflow + they added a lot of inventory. 33% oil + some condensate probably. Chevron will pay for it with 2 quarters of buybacks....................mind blown.