With the analysts upgrading their predictions for KAR, (and I assume they are factoring in current economic conditions) I wonder if institutions are holding off until the results of the Production Testing (which should be due around Wednesday?) before jumping on board
If the SP doesnt move north after these results are released, I dont think anything will help project it to the point where it was prior to the results of Kontiki being announced.
It will be interesting to see how the rest of 2010 plays out, especially if they arent doing any more drilling this year, Hopefully the Brazil findings arent too far away either,
I just wish I had more $$$ to put into KAR. If the SP goes to $12 on a small well with a sniff of gas at Kontiki, then it shows where the SP could (should) be.
I am surprised that we havent heard from a few others since the last report.. The good the bad and the creepy crawly's :P
Heres for a good week.
Scotty
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