3 Catalysts Behind My Decision To Remain Bullish On Shares Of Kodiak Oil & Gas
On Friday, October 18, Hedge fund manager John Paulson noted that Kodiak Oil & Gas (KOG) could be seen as a potential takeover target, and as a direct result of his comments shares closed the day almost 5% higher. In the wake of Mr. Paulson's belief that the company is a potential takeover target, I wanted to highlight a number of key catalysts behind my decision to remain bullish on shares of this particular oil and gas play.
Catalyst #1 - Recent Performance and Trend Status
On Friday shares of KOG, which currently possess a market cap of $3.58 billion, a P/E ratio of 36.49, a forward P/E ratio of 13.64, a PEG ratio of 0.72 and a profit margin of 17.30%, settled at a price of $13.50/share.
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