Mike Filloon On KOG's 2Q13 Earnings

SeekingAlpha is reporting:

Kodiak crushed EPS estimates in Q2, reporting $.22 versus the Street's estimate of $.13. It had revenues of $178 million missing by $8 million. These results couldn't have come at a better time, with many analysts wary with its most recent purchase of Liberty.

The EPS beat is important, as no one questions its abilities as an operator. It continues to outperform in the Bakken, using all the best stuff which continues to drive IP rates. Kodiak's issues have been around cost, and some believe management has increased its total acreage too quickly. This quarter is hopefully a sign of things to come.