Top 5 Oil Stocks To Own Right Now

Top 5 Oil Stocks To Own Right Now: Kodiak Oil & Gas Corp (KOG)

Kodiak Oil & Gas Corp. (Kodiak) is an independent energy company focused on the exploration, exploitation, acquisition and production of crude oil and natural gas in the United States. Kodiak has developed an oil and natural gas asset base of proved reserves, as well as a portfolio of development and exploratory drilling opportunities on high-potential prospects with an emphasis on oil resource plays. The Companys oil and natural gas reserves and operations are primarily concentrated in the Williston Basin of North Dakota. As of January 31, 2012, it had approximately 169,000 net acres under lease, including 157,000 net acres in the Bakken oil play in the Williston Basin of North Dakota and Montana. In January 2012, the Company acquired Williston Basin oil and gas producing properties and undeveloped leasehold. On January 10, 2012, it acquired certain oil and gas leaseholds, overriding royalty interests and producing properties located in North Dakota. Advisors' Opinion:

• [By Tyler Crowe and Aimee Duffy]

  If you were to go into the boardroom of a major oil company and say that you just picked up 42,000 acres, those gathered around the table might ask if you had found that acreage in the seat cushions with the crumbs and lint. For Kodiak Oil & Gas (NYSE: KOG  ) , though, a purchase like this will be talked about for a while. The company's most recent purchase increased its assets in the Bakken formation by 27%, and an additional 5,700 barrels of oil equivalent per day should help to grow production numbers as well.

• [By Value Digger]

  B) Kodiak Oil (KOG) an one-basin energy play, lacking any land diversification. Kodiak operates solely at the Williston basin. Although the company's D/CF ratio (annualized) is 2.75x, Kodiak trades at $155,700/boepd and $34.8/boe of proved reserves, based on its current EV of $3.3 billion and production of 21,190 boepd (80% oil and liquids).

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/top-5-oil-stocks-to-own-right-now.html