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Monday, October 10, 2011

Kodiak Oil & Gas (KOG) stock outlook 2012

Kodiak Oil & Gas (KOG) stock outlook 2012 : Kodiak Oil & Gas (KOG) is my third oil stock pick for 2012. KOG operates in the Bakken Shale and is actively aquiring acreage which will power growth in 2012. In my opinion, KOG is not a risky oil stock and should be a solid investment as we head into 2012 and beyond.

KOG was recently upgraded to buy at Robert W. Baird with an $8 price target in March 2011. While KOG is currently trading at $6.60, I feel the stock can rally to $10+ at some point in 2012.

about Kodiak Oil & Gas Corp.
Kodiak Oil & Gas Corp. engages in the acquisition, exploration, exploitation, development, and production of natural gas and crude oil in the United States. The company’s oil and natural gas reserves and operations are primarily concentrated in the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. As of December 31, 2010, it had estimated proved reserves of 10.0 million barrels of oil and 9.0 billion cubic feet of natural gas. The company was formerly known as Columbia Copper Company Ltd. and changed its name to Kodiak Oil & Gas Corp. in September 2001. Kodiak Oil & Gas Corp. was incorporated in 1972 and is headquartered in Denver, Colorado. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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