Canaccord Genuity Starts Kodiak Oil & Gas (KOG) at Buy; Pound for Pound the Most Productive Bakken Pure-Play

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Canaccord Genuity initiates coverage on Kodiak Oil & Gas (NYSE: KOG) with a Buy. PT $12.50.

Analyst, Marcus Talbert, said, "We believe the stock is attractively priced for a company with its relative growth potential and resource upside. In our view, the company has the right combination of oil leverage, superior capital productivity and catalysts on the horizon that should contribute to its investor momentum and further increase its valuation relative to its peers’. These catalysts include a firm commitment to growth with an eight-rig operated program in 2012 and pad drilling initiatives that should capture cost efficiencies and enhance margins."

For an analyst ratings summary and ratings history on Kodiak Oil & Gas click here. For more ratings news on Kodiak Oil & Gas click here.

Shares of Kodiak Oil & Gas closed at $9.15 yesterday, with a 52 week range of $3.59-$10.41.

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