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Northern Oil and Gas Inc V.NOG


Primary Symbol: NOG

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

Bullboard Posts
Comment by groovin123on Jun 02, 2008 4:59pm
256 Views
Post# 15136327

RE: Chase it now, 12minutes left

RE: Chase it now, 12minutes leftI think it dropped because people did not really know how to take the news, so they hopped out to wait for a signal.... then of course the lemmings all follow each other, even though it's too late, and bam, you're trading at .42 cents.

Most of the selling was done by retail dumping into any substantial bid. That, my friend is your BUY signal. I wish I snagged ALL my shares in the .41.-.42 range, but I didn't see it heading that low.

These are the sort of stocks I look for to get into, this one fits the bill perfectly. Now, watch those same retailers buy back their shares at higher prices.
Bullboard Posts

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