In this edition, Fool.com energy editor Joel South assesses Kodiak Oil and Gas and determines whether this growth company is a buy for investors with a heavy risk appetite. The company is an intriguing growth play, with outstanding production growth and access to some of the best drilling locations in North America. As an investment, Kodiak still needs to prove it can successfully develop its acres to justify its current valuation. However, if you have room for volatility and are looking for a huge risk and reward play, Kodiak Oil and Gas could be for you.

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