King Resources Inc (KRFG)

[tchauncy]

That Chevron/Devon discovery is exactly the reason why I like KING's business plan to focus on wildcatting vs. developmental drilling. Even though it may take three or four years and probably a half billion dollars to get that "find" into production, it still added $2.5 billion to DVN's market cap today.

I still say that the biggest risk with KING is not the risk of owning it, particularly at these low levels. It is the risk of not owning as much as one might intend to own when it finally makes its move.