Kodiak Oil & Gas (KOG): An updated Net Income & Cash Flow Forecast has been posted under the Sweet 16 Tab.
I lowered my valuation on this one to $16.40, compared to First Call's price target of $14.65, because of lower Q4 production than I was expecting. My valuation is just 6X CFPS, which is actually a low multiple for a company with such strong growth locked in.
My forecast for 2014 is based on the midpoint of the company's production guidance, 43,000 boepd.