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"and if Oil keeps trending upward" right that's important too
Good read... and if Oil keeps trending upward, I see no reason this wont continue in the same direction!
I forgot to mention, that i think we are dealing here with a cup and handle formation, and if so, we should go no more then about two more weeks in this range to form a handle and then breakout to somewhere around 0.65, we shall see, hold your fingers crossed.
Thanks enumia... I am good with that... any more pps predictions?
TIA
This is what i see,they both in uptrend since reversal,KDKN advanced more percentagewise, from 0.09 to .34 , COUGF from 1.25 to 4.25. KDKN still in uptrend, its just pulling back IMO.
hey stevebonds, i would be suprised if KDKN doesn trade at 1$ very soon.
All,... so help me understand here, why does COUGF pps continue to rise and KDKN is falling? I thought they would move up together. Any insight would be appreciated.
TIA and Happy New Year !
enumia... ...your predictions came true...and up we went....so where do you see KDKN going from here....up? if so how far?
TIA
KDKN Share Structure
Market Value $33,122,156 a/o Dec 20, 2010
Shares Outstanding 110,407,186 a/o Aug 13, 2010
Float N/A
Authorized Shares N/A
Par Value 0.0010
COUGF Share Structure
Market Value $206,057,623 a/o Dec 20, 2010
Shares Outstanding 61,879,166 a/o Oct 31, 2010
Float N/A
Authorized Shares N/A
Par Value N/A
Interesting News:
Pipeline approved
Guy Quenneville, Northern News Services
December 17, 2010 - SOMBA K'E/YELLOWKNIFE - The National Energy Board has spoken: the long-delayed Mackenzie Gas Project has its blessing. With Thursday's approval, the proponents - led by Imperial Oil - can now move on to the next step: deciding whether or not to build the $16.2 billion pipeline.
"It's a good thing on the regulatory side," Mayor Gord Van Tighem said of the board's ruling. "Now it gets turned over to those that decide whether they want to build a pipeline or not." Yellowknife, as the industrial hub of the NWT, stands to prosper from the construction of the 1,200-kilometre pipeline, should it proceed, said Van Tighem. "It has overbearing benefits for the Northwest Territories, therefore it also benefits the capital city," he said.
When, or if, construction occurs is another story. The NEB said its approval of the project is dependent on more than 200 conditions being met by the proponents, who also include Exxon Mobil Corp, ConocoPhillips and Royal Dutch Shell PLC. That includes a requirement construction of the pipeline begin by the end of 2015.
Pius Rolheiser, spokesperson for Imperial Oil, said meeting that deadline could prove difficult if a positive fiscal agreement with the federal government is not in place. "We would need to have sufficient confidence in a fiscal agreement with the federal government before we could make a decision to restaff the project and resume engineering work, permitting work," Rolheiser said from Calgary.
That work will take three years to complete, with several thousand permits needed before construction can begin. The company previously requested to have until 2016 to decide whether to proceed with building the pipeline.
The board's decision calls for the proponents "to file an updated cost estimate and report on their decision to build the pipeline" by the end of 2013.
Wow surprised there isnt more discussion here with the price appreciation and recent developments with KDKN. With Kodiak owning over 60% of Cougf and Cougf trading now over $3 IMO Kdkn is very undervalued. I think we are at a sink or swim point with this company. IF Cougf can get an Amex listing and get the proper financing, which right now looks probable with the appreciation of the stock, I think 2011 will be a great year for Cougf/kdkn. You will probably see a merger take place and the Cree deal to materialize. Full focus on COUGF.
Won't be kept down for much longer IMO.
There remains upside here. Different share structures and valuations will draw different price action. I do think we are likely to see a nice move closer to $0.50 in 2011.
At least we know why this has been kept down.
In addition, the Corporation's parent company, Kodiak Energy, Inc. has acquired in a series of transactions with third parties $927,610 USD of unsecured debt of Cougar Energy, Inc. The Board of Directors of Kodiak Energy, Inc. and Cougar Oil and Gas Canada, Inc. have agreed to convert $477,610 USD of this intercompany debt to common shares of Cougar at close of market December 8, 2010. The balance to be held as intercompany accounts for the interim.
However, does this mean that Kodiak is invested stronger in Cougar....?
Cougar looks like it is on the way up.
guys thats my thinking too , why kdkn shouldnt trade at least at half of cougars price.
Can't complain about a move like today. Glad to have spotted this gem before it broke. I think it has the potential to do very well. HOlding on tight for now!
Looks like I was on to something. This POO is starting to show its true colors based on the market growth recently. Glad to get positioned well with average around $.15. I think this one has the potential to continue this trend into first quarter.
.205 so far... nice!
Agreed... would be more awesome to see it over $1
Up we go !
I think its following COUGF, it's been on a tear since the report valued it's speculative buy at over $7 a share.
Could be a safe bet... would be awesome to see it blast back up to .70!
Up 18% with 500K shares traded so far today.. whats up with that...we may be on our way back up !
GLTA
Looking better here may have found a gem here. Any ideas on the late filing seems like they are having some trouble with their auditors? I hope they get the work done in time to not lose OTCBB status. Any thoughts?
The transition to a new audit firm has taken longer than anticipated, and the Company requires the extension of the filing date.
Mr. B -what are your thoughts on the news releases? Chart is looking good to me...
enumai, ok now you have three in a row... looks like we may have the reversal and upward trend ! Next stop .18
Revenue from latest 10q
Kodiak continues production on its developed assets which began in the fourth quarter of 2009. There are no operating revenue or expense comparables for the current quarter or six months year over year.
Net Loss attributable to Kodiak for the three months ended June 30, 2010 totaled $398,088 (June 30, 2009 - $16,379,553). Net Loss for the six months ended June 30, 2010 totaled $5,010,373(2009 - $16,880,088)The decrease in loss for the current periods is due to a major asset write down of a undeveloped CAD property in the second quarter of 2009 in the amount of $16,169,130.
General and administrative expense for the three months ended June 30, 2010 was $628,201 (June 30, 2009 - $356,428). General and Administrative expense for the six months ended June 30, 2010 totaled $1,280,721 (2009 - $849,889)The increases for the current periods are due to higher staffing levels, higher stock based compensation expense and reorganization costs dealing with a Kodiak subsidiary.
Interest expense for the three months ended June 30, 2010 was $86,093 (June 30, 2009 - $93). The increase is a result of the Company’s borrowing to purchase the Trout properties as well as interest on the operating line. Prior to this period the Company did not have the any operating lines of credit. Interest expense for the six months ended June 30, 2010 was $162,353 (June 30, 2009 - $304). The increase is due to the interest on the financing for the Trout property purchase and interest on the operating line, neither of which the Company had last year.
Depletion, depreciation and accretion including ceiling test impairment write-downs includes the cost of depletion and depreciation relating to production from producing properties in the quarter, ceiling test impairment write-downs and the cost of depreciation relating to office furniture and equipment. Depletion and depreciation charges of $370,954 (June,2009 - $16,034,536) was recorded and included in this quarter. The decrease is due to a ceiling test write down recorded in the quarter ended June 30, 2009 for $16,169,130. Depletion and depreciation charges for the six months ended June 30, 2010 of $4,781,263 (June 30, 2009 - $16,042,324) were recorded and included in the period. The decrease was due to a ceiling test write down of $16,169,130 in 2009 vs a ceiling test write down of $4,144,000 as well as Depletion costs of $590,218 in 2010. .
Strong POO with room to grow.
PLAN OF OPERATION
Oil and Gas Leases and Development Rights
As our projects in Kodiak - EL 413 and Sofia New Mexico - were long term projects and subject to external influences such a commodity prices, pipeline status, overall investment climate and etc, it has been difficult to raise equity financing for such purposes in the last 24 months. During this time we reduced internal costs to a minimum and continue to hold Kodiak’s costs at that level.
Based on advice from the investment community on how to finance going forward and the stage of the projects that Kodiak was at, it was decided to place the CREEnergy project into a subsidiary and finance that project in conjunction with Lucy, as a Canadian conventional Oil and Gas operations based subsidiary. In that way, specific financing could be raised with equity initially for this project and then as it matured into non conventional debt and finally into conventional debt instruments.
To have arranged the private placements into Kodiak at the time of the world recession would have been at such a discount to the already depressed market as to have been very dilutive to the Kodiak shareholders. We tried very hard for many months to arrange financing during those difficult times – in Canada, Europe and various institutions in the USA.
We financed the CREEnergy project and Cougar operations, with small private placements with accredited small investors in Canada and Europe, for the first 10 months. Then as the acquisitions presented opportunities, we found a bridge loan and a vendor take back to close the acquisitions.
Subsequently we reached an agreement with OreMore ( Cougar Oil and Gas Canada, Inc) who had previously bought the bridge loan (which had been guaranteed by both Cougar and Kodiak) – to merge Cougar Energy into OreMore in exchange for issuing shares of Oremore to Kodiak and cancelling the bridge loan debt.
The result was Cougar Oil and Gas Canada –and Kodiak retains a 64% of the outstanding shares at this time.
Kodiak in the agreements has the rights to retain a majority interest in Cougar Oil and Gas Canada going forward by participating in any financing and as Cougar shows success expected both short and long term, we believe that Kodiak will start to see that reflected in the Kodiak share price.
Has more to do with valuation and developments then the exchange they trade on. Naturally it doesn't hurt, the AMEX provides these companies with more awareness and therefore more liquidity.
I would say that I believe there is upside here but will be posting more DD to back this up.
Looks like things are starting to get interesting here.
enumia, well you got the first two right .12 and .14, I hope the rest are soon to follow. As far as a reversal...well I am not sure what the catalist would be, maybe the listing on AMEX?
GLTU
0.12 , 0.14 , 0.16 , 0.18 , 0.20 , 0.40 and beyond, thats what am thinking, do you think this is the reversal?
Any thoughts on where the KDKN pps will go once Cougar is listed on AMEX?
Kodiak Energy, Inc.: News Release
12:47p ET October 27, 2010 (Market Wire)
Kodiak Energy, Inc. (OTCBB: KDKN) ("Kodiak" or the "Corporation") announces that on October 25, 2010, its majority controlled subsidiary released the following press release.
CALGARY, ALBERTA--(Marketwire - Oct. 25, 2010) - Cougar Oil and Gas Canada Inc. ("Cougar Canada" or the "Corporation") (OTCBB: COUGF) is pleased to announce the application to be listed on the NYSE Amex Stock Exchange has been submitted to the Exchange.
Mr. William Tighe, Chief Executive Officer for Cougar Canada, stated, "We are pleased that this important step in our growth plans has been made. We look forward to attaining the NYSE Amex listing and working with the Exchange."
About Cougar Oil and Gas Canada Inc.:
Cougar Oil and Gas Canada Inc. (OTCBB: COUGF) is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are Lucy in the Horn River Basin in northeast British Columbia and First Nation Joint Ventures and our Trout Core Projects located in north central Alberta.
Additional information is at http://www.cougarenergyinc.com.
About Kodiak:
Kodiak Energy, Inc. is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and development company focused on developing and exploring onshore oil, gas and CO2 properties within North America. Our main prospects are "Little Chicago" located in the N.W.T. and "Sofia" located in northeast New Mexico. Additional information on Kodiak is at http://www.kodiakpetroleum.com.
Forward-looking Statements: This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements". The Corporation's business is subject to various other risks and uncertainties, which may be described in its corporate filings (www.sec.gov and www.sedar.com). Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Corporation cautions readers not to place reliance on such statements. Kodiak undertakes no obligation to update or publicly revise forward looking statements or information unless so required by applicable securities laws.
Contacts:
Kodiak Energy, Inc.
Investor Relations
+1 (403) 513-2664
info@kodiakpetroleum.com
www.kodiakpetroleum.com
SOURCE: Kodiak Energy, Inc.
mailto:info@kodiakpetroleum.com
http://www.kodiakpetroleum.com
What are your thoughts on this one? - seems to be a flat and waiting for some type of news. ADX around 35, PPO flat, 200 DMA moving down...
I would like to load back up before any good news comes out...but don't want to sit for 6-months.
We just need to wait until the true low and pounce.
A little positive action here today.....
Looks like we all had bailed before the drop... that's good news. Yesterdays pop was interesting, but I'm not buying right here.
Too light of volume and they seem to be more focused on cougar.. oh well, will keep an eye on it but.
I was out at .17 earlier. I had a feeling that it was going back to the low of .125. However, I believe that it will bounce back later once revenues pickup as it has steadily for the last several quarters.
Mr B, I agree with your analogy of Kodiak Energy, and sorry to see the PPS in this current state, I've also sold my position and will keep an eye on it.GLTY.....
I've been following this for quite some time and wanted to pass along to all of you who have become friends that I exited between .13 and .135
I will keep watching it and should there be any real correlation between Cougar and the other entities that they are involved in that allows it to start reducing debt I may take another look.
My research and opinion leads me to think this is going lower so I'm not in it anymore. Took a little hit but...
Right now going to free up some cash and keep my eyes out for some once in a lifer's like last year in DTG, CAR and Htz...
Keep in touch and let me know if you find anything good!
I'll be around!
B
Pretty bullish...
Last Price (USD) $0.165
Change ? 0.02 (13.79%)
Bid 0.155
Ask 0.145
Volume 650,824
Days Range 0.14 - 0.168
Avg volume is around 75k
I knew it was bullish, but wasn't watching it.Lol
You seen the volume today? hopefully volume proceeds price. look out. imo
Thanks Mr B, This could be a loading zone here....
I have contacted investor relations about the share price.. I had some additional questions that I am awaiting reply on.
Here's the guts of the email...
info@kodiakpetroleum.com
To answer your question
Kodiak and the sister company Cougar Energy are working very hard to complete the financing for Cougar which will allow the company to continue their efforts in northern Alberta.
The game plan in the short term is to build value in Cougar which we believe will then add tremendous value for Kodiak as the shareholders of Kodiak own 65% of Cougar. If you know what arbritrage is,this is where we see the price of Kodiak being very undervalued in comparison to Cougar. At some point in the near future we feel the price of Kodiak will start to move ahead as we continue to deliver positive results on the production side of the ledger.
Look for more news coming from both companies
Just pulled KDKN from a pincher scan....
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Further information relating to Kodiak may be found on www.sedar.com and www.sec.gov as well as on Kodiak's website at http://www.kodiakpetroleum.com.
10Q 12-May-2008 ~ http://biz.yahoo.com/e/080512/kdkn.ob10-q.html
http://investorshub.advfn.com/boards/read_msg.asp?message_id=29199916
Kodiak Energy, Inc. (the "Company) is a publicly traded oil and gas exploration and development company. The Company and its subsidiaries Kodiak Petroleum ULC, Kodiak Petroleum (Montana), Inc. and Kodiak Petroleum (Utah), Inc. are focused on efficient development of oil and gas properties in Alberta, British Columbia, Montana and high impact prospects located in the central Mackenzie River Valley ("Little Chicago prospect") of the Northwest Territories ("NWT") in Canada, British Columbia and the Tucumcari Basin area in northeastern New Mexico. The Company operates in British Columbia under the assumed name of Kodiak Bear Energy, Inc.
http://www.kodiakpetroleum.com/s/Projects.asp
Kodiak Energy is World-Scale Exploration and Development in North America
With a large and diversified land position, which provides both long term high impact exploration potential and medium term development projects :
Little Chicago, NWT Project
Potential for significant exploration and development growth
N.E. New Mexico, U.S. Project
Triple upside through:
1. Developing a large CO2 resource
2. Secondary recoveries from "old" oil positions in the Permian Basin
3. Potentials for new oil and gas and helium on the project properties
Lucy, NE B.C. Project
Substantial long term upside through developing a high impact shale gas play close to existing infrastructure
N.E. Montana, U.S. Project
Shallow shale gas play for lower cost exploration and development
Corporate Office: Kodiak Energy, Inc.
Address: Suite 460, 734 7 Ave SW
Calgary, Alberta
Canada T2P 3P8
Telephone: 1+ (403) 262-8044
Fax: 1+ (403) 513-2670
Bankers: RBC Royal Bank
Address: Calgary, AB
Canada
Auditors: Meyers Norris Penny LLP
Address: Calgary, AB
Canada
The management team of Kodiak Energy, Inc. has extensive oil and gas exploration, development, financial and operations experience. As well, there are excellent working relationships with regulatory bodies both domestic and international. Senior contract services for Geology, Geophysics, and Development Engineering are sourced when required.
Mark Hlady
Position: Director, Chairman Of The Board
Mr. Hlady is an accomplished businessman and recognized name having served three terms as Member of the Legislative Assembly for Calgary-Mountain View of Alberta from June 1993 to November 2004. During his term in the Alberta Legislature Mr. Hlady served on many oil & gas and energy related committees including; Chair of the Standing Policy Committee on Energy and Sustainable Development for the Province of Alberta, Standing Policy Committee for Natural Resources of Alberta, Canadian Energy Research Institute (CERI),US Energy Council - Foreign Representative (Canada), Alberta Representative to the Alaska Highway Pipeline Committee, Alberta/Alaska Bilateral Council and Government Representative to the Alberta Land Surveyors Association. Mr. Hlady has a Bachelor of P.ED from the University of Calgary.
Wm S (Bill) Tighe
Position: Director, Chief Executive Officer, Chief Operating Officer and President
Mr. Tighe's past experience involves more than 30 years in Operations, Maintenance, C&SU, Management and more recently Major/Minor Projects for both Canadian and other International Oil Companies. These experiences were in a variety of field settings from heavy oil in situ, sour gas/liquids plants in Alberta/British Columbia and the sub arctic, design offices, construction, Commissioning and Start up/ operation of large gas/liquids processing in South East Asia. From 2004-2006, Mr. Tighe worked for Suncor Energy Ltd. as a Business Services/Integration Manager of the Growth Planning and Development Group. From 2000 until 2004 Mr. Tighe worked for Petro China International as Operations Development and Commissioning Manager Jabung. Mr. Tighe attended the University of Calgary where he studied general science and computer science. He holds an Inter-Provincial Power Engineering Certification II Class.
Glenn Watt
Position: Director, Vice President Operations
Mr. Glenn Watt was the drilling and completions superintendent for a large royalty trust. He has worked primarily in the Western Canadian Sedimentary Basin. Prior to his current position Mr. Watt worked for other major oil & gas companies as a completions superintendent. He has additional field experience working on drilling rigs in Alberta and British Columbia.
Mr. Watt has an honours diploma in Petroleum Engineering Technology from the Northern Alberta Institute of Technology and a Bachelor of Applied Petroleum Engineering Technology Degree from the Southern Alberta Institute of Technology.
William E. Brimacombe
Position: Chief Financial Officer
Mr. Bill Brimacombe is a Chartered Accountant with over 35 years of financial management and reporting experience in the oil and gas industry. From 2001 until joining Kodiak, Mr. Brimacombe was the Vice-President Finance with AltaCanada Energy Corp., a public oil and gas company with interests in Alberta and Montana. Prior to that Mr. Brimacombe has held positions with various public oil and gas companies as Treasurer, Controller and Financial consultant. Mr. Brimacombe is a member of the Institute of Chartered Accountant of Alberta.
Peter A Schriber
Position: Director
Commerce degree from Switzerland.
30+ years of management positions in banking sector.
Graduated as a Fellow of the Institute of Canadian Bankers.
Fellow in good standing with the Canadian Bankers association.
Vice president and Manager of Corporate Lending at a Swiss Bank in Canada - Retired.
Director and Partner of a large Vancouver Stock brokerage Securities firm.
Extensive experience in merchant and commercial banking, specializing in corporate finance.
Completed numerous financings, and private placements in Europe and North America. Mr. Schriber has established a large financial and institutional clientele in Switzerland.
Independent financial consultant, managing private investor's portfolios, institutional and private investors, active in acquisitions and mergers including in raising equity and debt funds for private and public companies.
Marvin J. Jones
Position: Director
Over 45 years of domestic and International Oil/Gas experience.
30 years at the management level with the drilling/work over contracting industry.
Recent and past assignments:
President of Trinidad Drilling
VP of Challenger International Services
VP of Thomson Industries
CAODC Honorary Life Membership Award
President of CAODC, and many other charitable and sports public organizations
Advisors to Board
Peter Gross
Peter Boyd
Greg Cave
Outstanding
106.7 mil
Float
77.9 mil
http://stockguru.com/profiles/hybr/news.php?qm_page=15399
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