There are not many companies that have benefited more from the North American oil and gas boom than Continental Resources (NYSE: CLR ) . Not only has the company gone on a recent tear of beating analyst expectations, but production growth has been soaring for this Bakken-heavy producer.
In 2013, the company expects to increase production by as much as 40%. The Bakken has been the primary source of that growth, but the company is also aggressively pursuing another oil play in western Oklahoma known as the SCOOP play.
Not everything is daffodils and rainbows for Continental though. The company is trying hard to resolve its gas-flaring issues in North Dakota, and it relies heavily on rail transport for moving its oil. In this video, Fool.com contributor Tyler Crowe explains how relying heavily on rail could deal a blow to operating expenses in the future if certain industry trends continue.
Kodiak Oil & Gas is another dynamic growth story -- it offers great opportunities, but with those opportunities come great risks. Before you hitch your horse to this carriage, let us help you with your due diligence. To find out whether Kodiak is currently a buy or a sell, you're invited to check out The Motley Fool's premium research report on the company, which comes with a full year of updates and analysis as key news breaks. To get started simply click here now.