Not every analyst downgrade is created equal, and the recent downgrade of Kodiak Oil & Gas (NYSE:KOG) based on its quarterly earnings report is probably one of those downgrades that you should not give too much credence to. If you need any further reassurance that perhaps the downgrade was a bit hasty, all you need to do is look at the results from a very similar competitor, Oasis Petroleum (NYSE:OAS).
Kodiak investors can find solace in Oasis' results because the two companies share so many traits that one could almost be mistaken for the other. In the video below, find out how this past quarter stacked up for these two companies and what investors should be concerned about in the long term regarding these two Bakken oil producers.
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