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Kodiak Oil & Gas (KOG) agrees to acquire additional core Bakken and Three Forks...

Kodiak Oil & Gas (KOG) agrees to acquire additional core Bakken and Three Forks producing properties and undeveloped leasehold in the Williston Basin of North Dakota for $660M. Net oil and gas production included in the pending acquisition is currently ~5,700 boe/day.
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Comments (7)
  • rjj1960
    , contributor
    Comments (1372) | Send Message
     
    KOG, the CHK of the Bakken, buying assets with no cash. Here comes the equity offering. Just sell the company so I can get out of this dog.
    3 Jun 2013, 08:48 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2826) | Send Message
     
    I dont own the stock, but thought the same thing - an offering seems like its an easy way to pay for this.
    3 Jun 2013, 10:43 AM Reply Like
  • RichardJ
    , contributor
    Comments (6) | Send Message
     
    As with jrr, KOG is paying this "asset" how? I've held on to this stock far to long with nothing to show for it. Dead money.
    3 Jun 2013, 10:30 AM Reply Like
  • retiredred5@aol.com
    , contributor
    Comments (3) | Send Message
     
    The purpose of a company has to be creation of equity for the shareholder, yet you (Kodiak) continue to plow every dime right back into new drilling. When are you, Kodiak, going to consider why individuals and organizations purchase your stock? We must have a return on our investment and that return has to be in earnings.
    3 Jun 2013, 12:38 PM Reply Like
  • bob jacobson
    , contributor
    Comments (20) | Send Message
     
    The 5700 bbl/day production should yield 40 $/bbl income after expenses
    that would be 83 million per year. Should be an excellent investment to pay off 600 million cap cost.
    The 50000 acres of new land in primary production area will be a plus.
    Looks like managememt knows what they are doing.
    3 Jun 2013, 02:07 PM Reply Like
  • rjj1960
    , contributor
    Comments (1372) | Send Message
     
    I am glad they know what they are doing, then take the company private if your shareholders can't make any money with the stock. The mgmt is acting like CHK.
    3 Jun 2013, 02:14 PM Reply Like
  • khaz
    , contributor
    Comments (125) | Send Message
     
    Wow. If you want a lottery ticket, then save yourself the heart burn and buy a lottery ticket. My view on this is extremely positive. I suggest buying at $7 next time! Faloon et al will tell you the same. And you should be aware of the cash situation going into this stock, so there is no use complaining about it after the fact.
    3 Jun 2013, 04:55 PM Reply Like
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