Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Kodiak Oil & Gas
So What: While small caps like Kodiak, ATP Oil & Gas
Now What: China's surprise tightening has certainly raised concerns about global energy demand, but I'd use today's sell-off as an opportunity to nibble. Kodiak, in particular, remains a financially strong, up-and-coming play on the Bakken Shale, with an expected year-end exit rate of 2,500 barrels of oil equivalent per day. Of course, given the company's small size, Fools would do well to buy it in a group of bigger, more established producers.
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