KOG

My pick this quarter is KOG. I was going to go with my other pick from two weeks ago, but it appears we missed the boat on that. I came across a pretty cheap that has a lot of upside. I was purchasing this stock in our portfolio challenge and it did very well for me. This company sits on what could be the largest shale found on our continent that will produce oil and natural gas. Here is a great article I found.... http://oilshalegas.com/bakkenshale.HTML

I think we should set a buy price of $4.50-$5. I think we should buy about 200-250 shares. This way if the stock shoots up from $5 to $7.50, we stand to make $625. This stock is at $7 now, so we just have to wait for the right drop, buy and then set a sell price we all like. I think this plan only works if we buy at least 200 shares, but we certainly could use an opportunity to get $625! This stock is only a few months old so I think we I'll se the drop we need.