Kodiak Oil & Gas Corp (KOG) 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.
I had bought Kodiak Oil & Gas Corp at $9.40.
The company’s earnings is growing at fast pace for the past 3 years and earnings are expected to rise further:
Kodiak continues its uptrend and we would like to ride on the trend: