Gee.....think maybe they must have missed the Dec 5, 2012 update from KOG.....
They went from a buy to a hold and all the way from $12 to $10....as it is now a little over $9.
I did not see this "weaker production" in their press release....so please post what you saw.
Most posters who have been following each well as it is reported do not think that the 27,000 boepd exit rate will be the number that we will see... which is what the co expects.....most poster tha I read over at KOG seem to expect between 27,000 & 31,000 boepd for the 2012 exit rate.
just recently, "Smokey Cupcake came online around 2100 bopd on Tuesday.
So that is 4,400 BOPD this week."
I posted exactly what was posted on theflyonthewall. I do not see additional details. I thought they would surpass their exit rate for 2012 by 1K barrels or so. Maybe they see a steeper decline rate for their other wells, and are projecting that into next year.
Kodiak Oil & Gas (NYSE:KOG) was downgraded from Buy to Neutral at SunTrust today. The stock closed yesterday at $9.15 on volume of 7.4 million shares, above average daily volume of 5.2 million.
Kodiak Oil & Gas Corporation explores for oil and natural gas in the western United States.
Over the past year, Kodiak Oil & Gas has traded in a range of $6.92 to $10.90 and closed yesterday at $9.15, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has slid 0.2%.
There is potential upside of 24.3% for shares of Kodiak Oil & Gas based on a current price of $9.15 and an average consensus analyst price target of $11.38. The stock should find resistance at its 50-day moving average (MA) of $9.20, as well as support at its 200-day MA of $8.99.
SmarTrend is monitoring the recent change of momentum in Kodiak Oil & Gas. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kodiak Oil & Gas in search of a potential trend change"