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Gold/Mining/Energy : Kodiak Oil & Gas Corp (KOG)

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To: Glenn Petersen who wrote (4)5/8/2009 10:37:33 PM
From: Todd R. Levine  Read Replies (2) of 44
 
Glenn and TD,

I have tried my best to find any decent news on this company and stories related to the value of this companies stock. I took the plunge at 50 cents and bought a lot of shares. I guess being only 50 cents it did not mean it was one of my largest financial investments though. I was happy until it went down to 16 cents. The only articles I found were related to the company not having enough cash flow and the possible potential ways they were going to try and raise cash. There were a couple of stories that the stock was being pushed a while back for about $2.50/share from some companies including Key Bank. Just looking at the charts it looks like it should go back to the $2 range. However, I am really interested in the financials of this company. Do they have the potential oil and gas reserves for this company to get the share price back to the $5-$6 area if oil raises and then stays in the $70+ price region?? It is really hard for me to gauge where the potential short and long term value of this company is at. I own stock in another oil company called Talisman (TLM). I have pretty much seen the prices doubled in these 2 companies since I have purchased the shares. I guess having guts and buying when other people were dumping the shares may have paid off. I am VERY jealous of people who were both smart and lucky enough to get KOG at 16 cents!!! I have recently seen some estimates from the supposed smart people with estimates of about $2.50/share. Basically any information in helping me (and potentially other people reading these comments) understand where the potential value of this company is - based on their estimated reserves and production. I am happy that you both have responded. I wish you the best of luck!!!!! I personally think you are going to at the very least double your investment in the near future!!! There is a marked increase in share volume... and much of it at higher prices. I look at it as though people who purchased it at a lower price are unloading it to the next round of people who will wait to have those big gains too. The better for us!!! Thank you for any input!!! Take care, Todd
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