Northern Oil and Gas Inc V.NOG

Primary Symbol: NOG

Energy Oil & Gas E&P

Northern Oil and Gas, Inc. is a real asset company that focuses on acquiring and investing in non-operated minority working and mineral interests in the hydrocarbon producing basins within the contiguous United States. Its business is crude oil and natural gas exploration, development, and production with operations in the United States. Its 300,000-acre portfolio is distributed across the Williston, Permian and Appalachia Basins. Its portfolio comprises 300,000 acres of low-breakeven land with over 10,000 wells. Diversified by basin and across commodity type, its wells are operated by over 100 public and private operators. It engages in oil and natural gas exploration and production by participating on a proportionate basis alongside third-party interests in wells drilled and completed in spacing units that include its acreage. It acquires wellbore-only working interests in wells. It owns the Utica and Northern Delaware Basin assets. It also owns Point Assets in the Delaware Basin.

NYSE:NOG - Post by User

Northern Oil and Gas Inc

Bullboard Posts

Comment by hjangelon May 29, 2008 3:36pm

307 Views

Post# 15124254

RE: Time to Buy!

See you've made it over to Nordic AB_CA1...welcome aboard and thx for the info and observations!!! Those institutions participating in the 2007 and recent 2008 financings have no doubt been selling shares to exercise free-trading warrants so their fully loaded for the news. The price of oil added some more spec value to this play making the current share price profitable re: financings; hence the selling pressure that has kept Nordic's price level at the institution's mercy for a couple of weeks now.

Just think, if they halt this Friday for an nr on Monday you will have been totally right in your prediction that today was the time to buy :)

GLTA - HJ

Bullboard Posts

Rig Count Soars as Utilization Surpasses Industry Averages