Kodiak has several advantages over the area plays

1. CASH

2. Largest property area

3. An extra year of aggressive drilling

4. Cash

5. did I mention cash?

Yes Cash is king and KXL has lots of it. Lots of area plays have had promising results reminiscient of KXL last summer but they are virtually penyless at this point and care must be taken.

However, this B/G area is so underexplored, any company that can survive the cash crunch will likely do well. The Main difference between KXL and the rest is they are way ahead in terms of progress and will likely stay that way.

However I wouldn't count Sage out (I own both KXL and SGX) as it has has just raised $3.2 million and has diluted significantly but still has a lot of potential from it's current level. Plus, it appears that Sage and KXL might be connected.

Time will tell, but we're all here to make money so let's relax and be cool.