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Kodiak Oil & Gas (KOG) is started at Hold with an $11 price target by Deutsche Bank,...

Kodiak Oil & Gas (KOG) is started at Hold with an $11 price target by Deutsche Bank, which likens the company to a "young, talented player still looking for consistency." The firm sees "significant long-term asset value and peer-leading cash flow growth, but with directional risk to the price of crude and inherent risk in KOG's back-end loaded 2013 volume growth."
Comments (4)
  • Kodiak will end up being worth $20 a share, mark my words!
    25 May 2013, 03:02 AM Reply Like
  • kog seems to over promise and under deliver. I think they need to do the opposite under promise and over deliver.
    25 May 2013, 03:03 AM Reply Like
  • 2013 will determine the pp/s as production continues to increase. $11.00 a share will be at the low end.
    25 May 2013, 07:50 AM Reply Like
  • "inherent risk in KOG's back-end loaded 2013 volume growth"...

     

    Well, Kodiak has consistently shown that they have a handle on their financial and strategic plan. (They had some challenges last year with engineering issues). That said, KOG has no plan risk with their back-end loaded production increases. They have been currently investing heavily in their two major pilot projects that have the potential to expnonentially drive up asset value. So, the issue is not back-end loaded revenue -- the issue is simply the risk of oil dropping below $85/bbl. Do you thing large oil or the Saudis are going to let that happen? Kodiak is a buy...

     

    All the very best,
    Don
    26 May 2013, 08:39 AM Reply Like
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