This stock does not fit to Buffettology but it rocks to $ 4 recently because of oil in the Williston Basin of North Dakota. Does SJC have property in Montana? Below are from thestreet.com:
First up is Kodiak, an oil and gas producer that operates in the western U.S. The main catalyst for the company lies in the Bakken Shale play, located in the Williston Basin of North Dakota and Montana. The company recently increased the amount of land it owns in this area to approximately 38,000 acres. Kodiak has yet to drill a well on the property, but activity in the area has been successful for several operators -- leading to high expectations for Kodiak. This has resulted in a nice jump in the stock price over the past two months, from its 52-week low of $1.54.
