Friday, August 3, 2012

Wow, That Snuck Up On Me -- Oil Up > $3 Today

Must be the speculators again.

KOG is up almost 7%.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read at this site. I do not own any shares in KOG, and don't plan to trade in KOG in the near future. I have owned shares of KOG in the past. I use KOG as the bellwether Bakken-centric stock to follow the Bakken. With a P/E of 150, it has to be good. (With apologies to Smuckers.)

From Motley Fool:
Another strong performer is Kodiak Oil & Gas (NYSE: KOG ) , up 7% this morning. The company has once again made significant strides over the past quarter, growing revenue 288% year over year as well as surpassing EPS estimates by $0.15. Things are looking bright for Kodiak, especially if oil prices continue to march higher -- the company expects a 50% growth rate over the next few years.

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