Kodiak: A Huge Opportunity Now
By ValueMax:In early June, analysts at Wunderlich Securities began covering Kodiak Oil & Gas (KOG), initiating coverage with a "buy" rating and a $10 price target. In a research note, Wunderlich analysts indicated that "the current valuation of the stock is compelling given Kodiak trades at a discount to peers despite the expected growth in 2012 and beyond." Looking ahead to the next two years, I agree with Wunderlich's price target, but over the next eight years, I think that Kodiak could break much higher.
Natural Gas Prices Still Punishing, But Kodiak Is an Oil Company
The most recent inventory release from the U.S. Energy Department shows that while U.S. natural gas inventory is still far above average, the most recent build was much lower than average for this season. Storage rose by 71 bcfComplete Story »