Oct 31 (Reuters) – Kodiak Oil & Gas Corp, which
drills for oil and natural gas in North Dakota’s Bakken shale
formation, said on Thursday its quarterly profit jumped nearly
nine times due to a surge in production.
But the results narrowly missed Wall Street’s expectations,
and its shares fell 1.2 percent to $12.82 in after-hours
trading. The stock has gained 47 percent so far this year.