DALLAS, Dec. 23, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Kodiak Oil & Gas Corp. (AMEX:KOG). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Kodiak Oil & Gas Corp. (KOG) is an independent energy exploration and development company focused on exploring, developing and producing oil and natural gas in the Williston and Green River Basins in the U.S. Rocky Mountains. KOG was incorporated in 1972 and is headquartered in Denver, Colorado.
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In the report, the analyst notes:
"Wells Fargo recently started coverage on KOG's stock with an Outperform rating ... 'We believe Kodiak is a Bakken pure play with an impressive growth outlook and attractive valuation,' the Wells Fargo analyst wrote.
"KOG last week said it closed a public offering of 28.75 million shares of common stock at $5.50 per share. The net proceeds of the offering were about $149.4 million, after deducting underwriting discounts and commissions and KOG's estimated offering expenses."
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