Thursday, January 10, 2013

KOG Provides Interim Update; Opens Slightly Lower

Updates

Later, 3:25 pm est: I see that KOG is now green for the day. I honestly did not think that borrowing more money would affect the price of KOG in light of all the positive news today. 

Original Post

From Yahoo!In-Play:
Kodiak Oil & Gas provides interim operations update; Kodiak completion operations in the Williston Basin continue with two full-time, 24-hour-per-day crews, Co's drilling operations continue with seven operated rigs : Co provided an interim corporate update on recent completion and drilling activities.
So, is the news good or bad? KOG is down a bit this morning on a day that:
a) the general market is up
b) the price of WTI is up solidly, up a buck