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Kodiak Oil (KOG) [hlAlert]

Rating:
Neutral KOG

Kodiak Oil (KOG) rated Neutral by Credit Suisse

Posted on: Friday,  Jan 18, 2013  8:25 AM ET by Credit Suisse

Kodiak Oil (NYSE:
KOG) rated Neutral by Credit Suisse.

Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States. The Company?s oil and natural gas reserves and operations are concentrated in two Rocky Mountain Basins, the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado. As of December 31, 2008, the Company?s portfolio included Eastern Bakken oil play in Mountrail and Dunn Counties, North Dakota, and Vermillion Basin of southwest Wyoming. As of December 31, 2008, the Company had acquired an interest in approximately 52,000 gross (37,000 net) acres in the Eastern Bakken oil play. It has drilled its first two wells on the prospect acreage. As of December 31, 2008, the Company controlled approximately 43,000 gross acres and 16,000 net acres in the Vermillion Basin.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/18/2013 8:25 AM Hold
None
9.26
as of 1/1/0001
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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