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Kodiak's main asset is its 155,000 net acres in the Williston Basin, known for the Bakken and Three Forks formations. Kodiak looks 1 Oil Shale Stock With Upside Potential
Bakken oil production soared over the past few years, and Kodiak is right in the thick of it. According to its latest investor presentation, Kodiak produced 601 BOE a day in 2009.
The company was founded in 1980 by Kenneth R. Whiting and Bert Ladd. [2]In 1992, Alliant Energy, a Midwest public utility, acquired the company for $27.5 million. [3]In 2003, the company became a public company via an initial public offering which raised over $400 million. [4]
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Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, oil and gas producer Kodiak Oil & Gas has earned a respected ...
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, independent energy company Kodiak Oil & Gas has earned a ...