#1 Top Oil Stock Pick for 2012 - Kodiak
Oil & Gas (KOG) - Kodiak Oil & Gas (KOG) is my #1 oil stock to buy in 2012. Kodiak Oil &
Gas is another exploration producer with acreage in the Bakken Shale. This acreage is in some of the best zones in the Bakken which includes the Three Forks Oil zone. KOG is expected to go from $120 million in revenues in 2011 to $640 million in revenues in 2012. Over
the past year, KOG has been trading between $7-$11. KOG is a great long term oil stock play but if you are looking for
a pure trade, buy KOG below $9. While KOG is currently trading above $10, I am waiting for a pullback to buy.
I now have a $14-$16 price target for KOG in 2012. Discuss KOG
Kodiak Oil & Gas Corp. engages in the acquisition, exploration, exploitation, development, and production
of natural gas and crude oil in the United States. The company’s oil and natural gas reserves and operations are primarily
concentrated in the Williston Basin of North Dakota and Montana, and the Green River Basin of Wyoming and Colorado
#2 Top Oil Stock To
Buy 2012 - ( Oil Exploration and Production Comapny ) - Whiting Petroleum (WLL) - Whiting Petroleum
(WLL) replaces Brigham Exploration (BEXP) as my best oil stock in 2012 after BEXP was bought out. Whiting Petroleum
(WLL) has been hitting huge oil wells in the Bakken Shale and there is no signs of this stopping. The Bakken is the largest oil field in the US and estimates have been
going through the roof. In late 2011, WLL hit a record oil well in the Bakken and I feel this stock is way undervalued. Whiting Petroleum (WLL) stock is currently trading at
$41.25 and I am giving it a $55 price target in 2012. Update*** WLL has blown away this price
target in early 2012. I am now looking for WLL to hit $70 at some point in 2012 as oil prices continue to rise.