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Kodiak Oil & Gas Corp (KOG)

KOG is defunct.
  • Dec. 9, 2014, 6:20 PM
    • North Dakota issues strict new oil standards that will require energy companies operating in the state to strip explosive gases from crude oil that shows a high vapor pressure reading, in an effort to make crude-by-rail transport safer.
    • Under the new mandate, North Dakota oil can’t be transported unless it has a vapor pressure reading of 13.7 lbs./sq. in. or lower.
    • The rule, which will take effect on April 1, 2015, is the first major move by regulators to address the role of gaseous, volatile crude oil in railroad accidents which have been linked to several fiery explosions, including one last year in Quebec that killed 47 people.
    • Top Bakken producers: CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Dec. 9, 2014, 6:20 PM | 49 Comments
  • Dec. 5, 2014, 10:38 AM
    • Indebted U.S. shale companies are facing financial pressure from falling oil prices, raising fears that liquidity could dry up for companies with the greatest debt burdens, but Fitch thinks they may find their lenders are inclined to go easy on them.
    • The rating agency believes that, as in the previous oil price crash of 2008-09, banks are likely to show forbearance rather than pushing many companies towards restructuring or bankruptcy.
    • Fitch identifies Kodiak Oil and Gas (KOG -2.9%), which has already accepted a takeover offer from Whiting Petroleum (WLL -2.6%), as showing the most warning signs.
    • Linn Energy (LINE -0.9%), Breitburn Energy (BBEP -2.6%) and Energy XXI (EXXI -2.8%) are among the companies that have less than half of their revolving credit facilities still unused and available, while Clayton Williams (CWEI -3.5%) had hedged less than half its production for next year, according to Fitch.
    | Dec. 5, 2014, 10:38 AM | 19 Comments
  • Dec. 1, 2014, 9:13 AM
    | Dec. 1, 2014, 9:13 AM | 1 Comment
  • Nov. 28, 2014, 10:28 AM
    • Ladenburg Thalman throws in the towel on Oasis Petroleum (OAS -30%), Denbury Resources (DNR -14.9%), Resolute Energy (REN -18.3%) following OPEC's decision yesterday to hold production levels and the resulting tumble in crude oil, with WTI crude -6.4% to $69.95 per barrel.
    • Some others: Bonanza Creek (BCEI -21.5%), Northern Oil & Gas (NOG -16.2%), Warren Resources (WRES -16.3%), Halcon Resources (HK -22%), Triangle Petroleum (TPLM -21%), Emerald Oil (EOX -26.4%), Kodiak Oil & Gas (KOG -19.3%).
    | Nov. 28, 2014, 10:28 AM | 7 Comments
  • Nov. 28, 2014, 9:17 AM
    | Nov. 28, 2014, 9:17 AM | 13 Comments
  • Nov. 17, 2014, 3:59 PM
    • In the wake of Halliburton's (NYSE:HAL) $34.6B offer for Baker Hughes (NYSE:BHI), it appears the next hot sector for M&A action is energy: More consolidation is likely, given the weakness for stocks in the oilfield services subsector, low interest rates, and as a drop in demand for oil increases cutthroat pricing competition.
    • Speculation is running rampant as investors try to figure out who is next in an industry that is sure to undergo some more consolidation; some names identified as possible candidates include Kodiak Oil and Gas (NYSE:KOG), Marathon Oil (NYSE:MRO), Northern Oil and Gas (NYSEMKT:NOG), Anadarko Petroleum (NYSE:APC), Pioneer Natural Resources (NYSE:PXD).
    • GE could go after National Oilwell Varco (NYSE:NOV) to show it is serious about the energy industry after last year’s purchase of pumpmaker Lufkin, Royal Bank of Canada says, and Oppenheimer says even BP could be an acquisition candidate.
    • But Morgan Stanley does not see offshore drillers getting in on the action, as larger players like Diamond Offshore (NYSE:DO), Transocean (NYSE:RIG) and Seadrill (NYSE:SDRL) are still addressing dividend concerns while smaller companies such as Atwood Oceanics (NYSE:ATW) and Pacific Drilling (NYSE:PACD) still trade close to replacement value.
    | Nov. 17, 2014, 3:59 PM | 16 Comments
  • Nov. 13, 2014, 7:23 PM
    • North Dakota regulators today proposed standards for requiring energy companies to treat the crude they pump from the Bakken Shale to make it less volatile before shipment by pipeline or train.
    • "Our crude oil leaving North Dakota will behave like the gasoline you put in your car," says the head of the state's Department of Mineral Resources, which came up with the recommendations.
    • The new rules would require every barrel of oil produced in the state to undergo some kind of treatment, with the goal that all oil-producing Bakken Shale wells ship crude with a vapor pressure below 13.7 psi, similar to 13.5 psi for most automobile gasoline.
    • Top Bakken producers: CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Nov. 13, 2014, 7:23 PM | 20 Comments
  • Nov. 13, 2014, 11:59 AM
    • Regulators set to decide on rules for shipping crude oil via railroad are relying on testing methods that may understate the explosive risk of North Dakota crude, according to a WSJ report citing industry and Canadian officials.
    • The testing controversy centers on how to determine vapor pressure, a measure of how quickly a liquid fuel evaporates and emits gases; the industry has long relied on a decades-old methodology that does not require sealed or pressurized containers to collect or test crude samples.
    • The North Dakota Industrial Commission is set to rule on what steps, if any, producers must take to strip volatile gases out of crude oil before loading it into railroad tank cars.
    • Top Bakken producers include CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Nov. 13, 2014, 11:59 AM | 12 Comments
  • Nov. 6, 2014, 4:04 PM
    • Kodiak Oil & Gas (NYSE:KOG): Q3 EPS of $0.34 beats by $0.14.
    • Revenue of $292.2M (-2.5% Y/Y) misses by $18.1M.
    • Press Release
    | Nov. 6, 2014, 4:04 PM | Comment!
  • Oct. 13, 2014, 5:57 PM
    • Bakken shale oil producers are under pressure to scale back their 2015 drilling plans after Bakken oil fell below $80/bbl for the first time in nearly a year, as worldwide crude prices decline amid ample North American supplies and Persian Gulf producers signaling they’re prepared to keep output high to protect their market shares in Asia.
    • The "body language" among producers is that capex next year will be flat or only slightly higher, vs. earlier expectations for 5%-10% increases, says Topeka Capital's Gabriele Sorbara, who adds Bakken drillers need prices of $70-$80/bbl to earn a typical 15%-25% return.
    • Bakken wells produced a record 1.047M barrels of crude in July, accounting for 12% of total U.S. output: CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Oct. 13, 2014, 5:57 PM | 13 Comments
  • Sep. 15, 2014, 11:58 AM
    • North Dakota's daily oil production jumped 5% in July to an all-time high 34.4M barrels (~1.1M bbl/day), state regulators say, although the number was lower than expected as producers worked to meet aggressive flaring-reduction targets.
    • Natural gas production hit 1.3B cf/day, also an all-time high, but the percentage of natural gas flared in the state fell to 26% in July from 30% in June.
    • In an effort to curb flaring, state regulators issued strict goals earlier this year with key benchmarks for flaring percentages each month; for October, for instance, the state's oil producers cannot flare more than 74% of natural gas produced.
    • Bakken producers include CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Sep. 15, 2014, 11:58 AM | 55 Comments
  • Aug. 18, 2014, 10:11 AM
    • Synergy Resources (SYRG +1.2%) receives a Buy rating from Canaccord Genuity, which initiates coverage of the oil and gas company with a $17 price target, 33% above the stock's Friday closing price.
    • The firm describes SYRG as "Kodiak 2.0" - Kodiak Oil & Gas (KOG -1.1%) has jumped 33% YTD, 53% from a year ago, and 11-fold over the past five years.
    • Separately, SYRG enters into a joint development agreement with KOG to drill wells and develop acreage in Nebraska.
    | Aug. 18, 2014, 10:11 AM | 1 Comment
  • Aug. 15, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: BEBE +6.2%. EXTR +4.0%. ACXM +2.1%. RIC +2.1%. AMT +1.7%.
    • Top losers, as of 5:15 p.m.: TTS -5.0%. KOG -3.0%. NOK -1.7%. LVS -1.5%. UVXY -1.5%.
    | Aug. 15, 2014, 5:35 PM | 1 Comment
  • Aug. 5, 2014, 4:58 PM
    • An industry-funded study concludes that crude oil from the Bakken region is similar to other North American light, sweet crudes and does not pose a greater risk to transport by rail than other crudes and transportation fuels.
    • But the study also outlines several best practices intended to boost safety, including classifying the crude higher on the hazardous material shipping scale.
    • The group hopes the report allays fears that Bakken oil may be more prone to ignition after a series of accidents involving rail shipments of the oil.
    • Bakken producers include CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Aug. 5, 2014, 4:58 PM | 6 Comments
  • Aug. 5, 2014, 10:16 AM
    • North Dakota’s crude oil production passed 1M bbl/day in April and remained above the 1M benchmark in May on the strength of production from the Bakken and Three Forks formations.
    • One reason for May's 3.6% M/M growth to 1.039M bbl/day was the addition of 227 producing wells through the state, with 10,892 producing wells in May compared to 10,665 in April.
    • Average production per well in the state also grew between the months, to 2,959 barrels per well from 2,822 in April.
    • North Dakota's oil fields now account for 12% of all U.S. oil production, and more than 1% of global production.
    • Top Bakken producers include CLR, EOG, KOG, WLL, HES, XOM, OAS, NOG, EOX, MRO.
    | Aug. 5, 2014, 10:16 AM | 7 Comments
  • Jul. 31, 2014, 4:20 PM
    • Kodiak Oil & Gas (NYSE:KOG): Q2 EPS of $0.08 misses by $0.10.
    • Revenue of $277.9M (+60.2% Y/Y) misses by $5.33M.
    • Press Release
    | Jul. 31, 2014, 4:20 PM | 7 Comments
Company Description
Kodiak Oil & Gas Corp is an independent energy company engaged in the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States.