So far, 2013 has not been kind to Kodiak Oil & Gas. The company's shares are down 15% year to date. What is surprising, though, is that this kind of performance would suggest troubling results, which isn't necessarily the case for Kodiak. During a preliminary sales release on Monday, the company reported that it had grown sales volumes by 100% year over year and by 20% over the previous quarter.
Kodiak is still a young company by energy industry standards, but while there are certainly some impressive numbers from the company, there are still some issues that may have investors shying away. In this video, Fool.com contributor Tyler Crowe walks through some of the issues that may have investors shying away from this company and what the future may hold for this Bakken-centric producer.
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