Kodiak Is Still a Great Growth Play

Kodiak Oil & Gas  is one of the most intriguing players in the Williston Basin, and it appears the oil junior met its lofty production goals last quarter. Kodiak released a fourth-quarter update in which the company hit a top production rate of 29,000 barrels of oil equivalent per day. While triple-digit growth can only be maintained for a short while, Kodiak appears to continue growing at a torrential pace, estimating a 2013 exit rate of 38,000-40,000 barrels of oil equivalent per day. Growth is still the most important measure for this company, but operational efficiency is a close second. Check out the video below for more information on Kodiak Oil & Gas. 

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The article Kodiak Is Still a Great Growth Play originally appeared on Fool.com.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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