I think yesterday's news from Sage pretty much put a nail in the coffin for anyone who thought a merger was a good idea .... 10 for 1 consolidation announced after close on Friday.

IMO KXL has enough property in the BG area to keep them busy for the next decade. Grabbing more now would only serve to drain cash in the short term. Management of Kodiak appears to have managed their cash well in the past couple of years, acquiring more land in BG, at least at this juncture, does not make any sense.