$KOG $LNG - The discussion continues to shift towards oil plays in the shale exploration space and with that the conversation always seems to shift towards the Bakken.
It is the most prolific oil shale in the US and current explorers have a pretty good understanding of the play now.
When we get emails or discuss the Bakken with others it always seems that the conversation finds its way to Kodiak Oil & Gas (KOG) with some really liking this as their Bakken play and others simply liking it due to its liquidity and the ability to play momentum.
Looking at momentum and risk-on trades, look no further than Chenierre Energy (LNG) which closed at another 52-week high.
Not only was it a new high, but it blew away the previous high as the low for the day was still above the previous high - if you want to discuss bullish moves, that is certainly one!
Shares are now in unchartered waters here technically speaking, but it looks like the $25.50-26/share level could be the next area where shares could face resistance.
Chenierre has been on a bull run over the past few months and the trend is your friend here.
