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.

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