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Despite the whole restatement debacle, I like KEG's prospects for next year. It appears that their new CEO is out to restore investor confidence and get the company back on track. They announced at the conference call yesterday another price hike for their rig services - and as long a crude prices remain at current levels, KEG may be able to raise prices through next year.

KEG currently trades at a 30% discount to other contract drillers, and its stock price is up 1/3 since I bought it in July. Hopefully they can get their numbers fixed by Q105.

Anybody out there taking a look at this one??


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