Motley Fool Discusses Kodiak Oil and Gas Recent Growth

The investment website Motley Fool recently discussed Kodiak Oil and Gas, recent growth of its stock price, and whether that warrants concern. As they point out, the kind of increase in stock price that Kodiak has seen means very little without fundmental earnings growth as well.

While Kodiak made it into the Fool’s list of energy industry top performers last year, much of it’s growth came during the final few months of 2011.

The article continues:

It’s fairly unlikely that Kodiak is on an unsustainable trajectory, and there seems little give to triple-digit oil prices per barrel. A larger oil driller might even decide to buy the company outright for access to its plentiful Bakken acreage. So as long as Kodiak keeps finding oil and getting it out of the ground in ever-greater quantities, it should be a solid addition to any energy-focused portfolio.

Over all, that’s a pretty positive assessment of the company and it’s prospects. In light of it’s extensive holdings in the Bakken, and the fact that we’re still in the early stages of development there, Kodiak, along with many other Bakken companies, seems to be a potential big winner long-term.