We Live In A Kodiak Eat Kodiak World $KOG
We’ve said it once (actually more then once) and we will said it again, actually many more times; Kodiak Oil & Gas is a buy. Featuring it August 2011 and again several times since the stock has advanced from the mid-$5′s to nearly $11 in February on to dip and rebound over $9 currently. We feel it is only a matter of time and this high will be tested again. Digest this research if your not already convinced.
Kodiak Oil & Gas (KOG) put in a strong second quarter, with earnings per share of $0.10 in line with analyst expectations and a slight improvement over the first quarter of this year, when Kodiak reported earnings per share of $0.09, slightly below analyst expectations, again at $0.10. Kodiak’s revenues are tracking upward steadily, but its total proved reserves are increasing by leaps as the company drills its inventory and is able to report major successes on its leaseholds.
The trend in its proved reserves also owes much to Kodiak’s acquisitions strategy, which contributed to 40% gains in total acreage in each of the last two years. These acquisitions came at a good time, well before recent spikes in lease prices, and will allow Kodiak room for strong growth on its current position.
Read Full Article Here: http://turnkeyoil.com/2012/08/23/we-live-in-a-kodiak-eat-kodiak-world-kog/