Seeking Alpha

Kodiak Oil -7.5% on disappointing Q1 results, production guidance cut

  • Kodiak Oil & Gas (KOG) -7.5% premarket after Q1 earnings and revenue miss Wall Street estimates, as weather adversely affected activity during the period.
  • Q1 production of ~34K boe/day was more than 2.5K boe/day below estimates and declined Q/Q, as non-operated slowdowns and weather issues caused delays across KOG's Williston acreage.
  • KOG cut its FY 2014 production guidance to 39K-42K boeday.

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Comments (3)
  • nautor42
    , contributor
    Comments (193) | Send Message
     
    KOG is still,a good growth play.
    2 May 2014, 09:07 AM Reply Like
  • lldarthpaul
    , contributor
    Comments (12) | Send Message
     
    I could write a very different headline. "KODIAK UP 57% Q OVER Q" OR " DESPITE A TERRIBLE WINTER KODIAK CONTINUES TO GROW". This is more true and is not editoralizing.
    2 May 2014, 09:20 AM Reply Like
  • Steve Zachritz
    , contributor
    Comments (490) | Send Message
     
    Our quick take:

     

    http://seekingalpha.co...
    2 May 2014, 09:23 AM Reply Like
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