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Stock Market & Financial Investment News

News Breaks
August 4, 2014
09:06 EDTKOGKodiak Oil & Gas downgraded at RBC Capital
As noted earlier, RBC Capital downgraded Kodiak Oil & Gas (KOG) to Sector Perform from Outperform. The firm downgraded the stock after the company was acquired by Whiting Petroleum (WLL) . The firm believes that owners of Kodiak shares should hold onto the stock in order to obtain shares of Whiting. RBC Capital raised its price target on Kodiak to $16 from $15.
News For KOG From The Last 14 Days
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December 8, 2014
07:03 EDTKOGWhiting Petroleum completes acquisition of Kodiak Oil & Gas
Whiting Petroleum Corporation (WLL) announced that it has completed its previously announced acquisition of Kodiak Oil & Gas Corp (KOG). The closing of the transaction follows the issuance of a final order by the Supreme Court of British Columbia approving the Arrangement on December 5, 2014. The all-stock transaction was previously approved by Whiting stockholders and Kodiak securityholders at special meetings held on December 3, 2014. The transaction enhances Whiting’s leading oil-weighted platform and is expected to drive production, reserve growth and operational efficiencies. Based on the closing price of Whiting stock on December 5, 2014, the combined company has a market capitalization of approximately $6.2B. As a result of the completion of the merger, the common stock of Kodiak Oil & Gas Corp. is no longer listed for trading on the New York Stock Exchange. Pursuant to the terms of the Arrangement, each share of common stock of Kodiak Oil & Gas Corp. will be exchanged for 0.177 of a share of Whiting common stock.
December 4, 2014
10:36 EDTKOGOptions with increasing implied volatility
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