This Kansas dry hole may put further downward pressure on the sp...

This Kansas dry hole may put further downward pressure on the sp come Monday. Of course, most in the oil patch are not expecting a lot from the Kansas Mississippian. There will be sweet spots, but a lot of water in the Mississippian. I'm more intrigued by the other formations in the play.

Even if the sp heads farther south, I'm expecting a lot of buying when they finalize their Toronto listing this summer. With 2 wells a month in Oklahoma adding to the bottom line, this is a great buy at these levels.