Kodiak Oil & Gas Corp., $11.31, symbol KOG on Nasdaq (Shares outstanding: 266.3 million; Market cap: $3.1 billion; www.kodiakog.com), develops, produces and explores for oil and natural gas in the Williston Basin, in the U.S. Rocky Mountains.
Kodiak continues to increase its production and reserves. The oil and gas it’s drilling for is hard to reach, but it is making good use of modern drilling techniques.
The company ships about 80% of its oil by rail and 20% by pipeline. Rail is the costlier option, but new pipelines will eventually replace trains and cut Kodiak’s transportation costs. That would push up the company’s cash flow.
Kodiak could also be a takeover candidate, as many of its properties are next to leases held by ExxonMobil (symbol XOM on New York). The prospect of a takeover is not reason enough alone to buy Kodiak, but it adds appeal.
The stock trades at 3.7 times the company’s forecast 2014 cash flow of $3.04 a share.
Kodiak is okay…
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
The privacy of the site/store visitor is very important to TSI Network, and is respected at all times. The information we receive from customers helps us to personalize and continually improve your online experience at TSI Network.
We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
We store subscriber and password files containing personal information securely. These files are stored in secure areas that are not accessible to the general public. We are always working to ensure the security of your personal information.
We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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