Hot Oil Stocks To Watch For 2014: Kodiak Oil & Gas Corp (KOG)
Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States. Kodiak has developed an oil and natural gas asset base of proved reserves, as well as a portfolio of development and exploratory drilling opportunities on high-potential prospects with an emphasis on oil resource plays. The Company's oil and natural gas reserves and operations are primarily concentrated in the Williston Basin of North Dakota. As of January 31, 2012, it had approximately 169,000 net acres under lease, including 157,000 net acres in the Bakken oil play in the Williston Basin of North Dakota and Montana. In January 2012, the Company acquired Williston Basin oil and gas producing properties and undeveloped leasehold. On January 10, 2012, it acquired certain oil and gas leaseholds, overriding royalty interests and producing properties located in North Dakota. Advisors' Opinion:- [By gurujx]
Kodiak Oil & Gas Corp. (KOG): CFO, Secretary and Treasurer James P. Henderson Sold 100,000 Shares
CFO, Secretary and Treasurer James P. Henderson sold 100,000 shares of KOG stock on 12/27/2013 at the average price of $11.25. James P. Henderson owns at least 364,780 shares after this. The price of the stock has decreased by 5.6% since.
- [By Paul Ausick]
Big Earnings Movers: First Solar Inc. (NASDAQ: FSLR) is up 17.4% at $59.07 after crushing estimates after-hours on Thursday. American International Group Inc. (NYSE: AIG) is down 6.5% at $48.28 after an earnings decline. Kodiak Oil & Gas Corp. (NYSE: KOG) is down 4.9% at $12.38. Chevron Corp. (NYSE: CVX) is down 1.6% at $118.03 after reporting disappointing results.
- [By Heather Ingrassia]
On Friday, October 18, Hedge fund manager John P! aulson noted that Kodiak Oil & Gas (KOG) could be seen as a potential takeover target, and as direct a result of his comments shares closed the day almost 5% higher. In the wake of Mr. Paulson's belief that the company is a potential takeover target, I wanted to highlight a number of key catalysts behind my decision to remain bullish on shares of this particular oil and gas play.
- [By Value Digger]
B) Kodiak Oil (KOG) an one-basin energy play, lacking any land diversification. Kodiak operates solely at the Williston basin. Although the company's D/CF ratio (annualized) is 2.75x, Kodiak trades at $155,700/boepd and $34.8/boe of proved reserves, based on its current EV of $3.3 billion and production of 21,190 boepd (80% oil and liquids).
source from Top Stocks Blog:http://www.topstocksblog.com/hot-oil-stocks-to-watch-for-2014.html
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