Kodiak Oil & Gas (KOG)

[OilStockReport]

KOG is in a position to really move consistently higher in light of their growth, favorable 1st quarter results, compelling balance sheet, no long term debt, and Wells Fargo Bank's belief in future prosperity via a multi-million line of credit. Also consider this: due to the unfortunate gulf oil spill, more emphasis may be placed on land based drilling because spills are easier to mitigate and limit environmental damage. Emphasis on domestic production and less mideast oil. Oil prices appear to remain stable in the $60 to $80 barrel range. I expect a lot of M & A action as well.