For Investors Only -- KOG, WLL, NOG, VOG, Magnum Hunter, Triangle Petroleum, AAPL, Others

Update on KOG, SeekingAlpha.com.

With the addition of the 7th rig, the 24-hour completion crew, and the resolution of the mechanical issues at several wells I find that KOG should be able to easily meet its production goal of 25,000 BOE/d. Using a very conservative 75% increase in BOE/d sales volume for fiscal 2012 we expect KOG to be able to sell approximately 6864 BOE/d. At a conservative selling price of around $70 per BOE we come to fiscal 2012 gross revenues of approximately $175.36M. Details are provided at the link.

Sell KOG, SeekingAlpha.com.

Kodiak Oil & Gas Corp. is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States. The smallest among those natural gas producers reviewed in this article with a market capitalization of $2.31 billion, Kodiak posted straight losses for the last five years. Kodiak's greatest disadvantage is that it has still undeveloped operations. Its price-to-sales ratio is 35 compared with competitors' less than 5. It will be years before Kodiak begins to cash in on its assets. I don't recommend speculating on Kodiak. Sell the stock. [Comment: this writer says to buy CHK.]

Reversal of fortune for the Bakken when the Seaway is reversed, SeekingAlpha.com.

However, the reversal of fortune I mentioned in this article's title has to do with the reversal of the Seaway pipeline enabling it to send crude from Cushing, Okla. to the Gulf coast at Freeport, Texas (crude used to flow in the opposite direction). The Seaway pipeline, which COP recently sold to Enbridge, can carry up to 400,000 barrels of oil a day. This will greatly alleviate the glut at Cushing and make way for more Bakken crude to enter the system at higher prices. Last I heard, Seaway work is progressing nicely and the flow south should begin mid 2012. In this press release Enbridge says "the line could operate in reversed service with an initial capacity of 150,000 barrels per day by second quarter 2012." Also, currently additional pipeline capacity is being added in the Bakken region. [The link comes with a great pipeline map, also.]

IP rates in Dunn County, Filloon, SeekingAlpha.com.

VOG: press release, new $150 million credit facility. 

Magnum Hunter and Triangle Petroleum profit from the Bakken. Well, duh. A press release.

AAPL up another $8 today. And just last night the CNBC talking heads said they recommend taking your AAPL profits. No link.

Note disclaimer at sidebar at the right. This is not an investment site. I own shares in three companies mentioned on this page; I have no intention of selling any of these shares in the near future nor do I plan to buy any shares in any of the companies listed on this page in the near future (i.e., the next six months).  All my discretionary cash is going a) to the IRS to pay taxes; b) to my granddaughters; and, c) to my younger daughter. And pretty much in that order.