In this video, energy analyst Joel South discusses Kodiak Oil & Gas (NYSE:KOG) -- with this oil junior, the story is all about the company's growth potential. With a 2012 exit rate of close to 27,000 barrels of oil equivalent per day and 800 net drilling locations left to produce, Kodiak can turn its Bakken position into handsome profits for shareholders. Kodiak still has enormous upside with regard to reducing its drilling costs as the company gains expertise in hydraulic fracturing in the Williston Basin, in addition to increasing oil production by reducing the amount of time to complete a well. Check out the video below for more information on opportunities facing this fascinating growth company. 

Joel South owns shares of SandRidge Energy. The Motley Fool has the following options: long JAN 2013 $16.00 calls on Chesapeake Energy, long JAN 2014 $20.00 calls on Chesapeake Energy, long JAN 2014 $30.00 calls on Chesapeake Energy, and short JAN 2014 $15.00 puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.