Tuesday, November 13, 2012
KOG IT
I propose we invest in KOG. I recommended KOG in October of 2011 and believe we have a lot more upward movement coming from them. They own a very large portion of the Bakken Shale in North Dakota is expected to produce much of our domestic oil production. The US is expected to be the leading producer of Oil, beating out the saudi's and Russia in the next 10 years.
This company sits in the middle of all the action of the drilling boom that our country is currently experiencing. The cost is 9.41 per share and i expect to see it climb to the $15 range.
KOG is drilling in a land that has caught the eye of big drilling companies like MobilExxon. This makes KOG prime to be bought out or sell their assets to a major player.
Here is a short article that discusses this companies potential.
http://www.fool.com/investing/general/2012/11/05/a-bear-of-a-time-with-kodiak-oil-gas.aspx
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