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.

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Northern Oil and Gas Inc

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Post by chucker23on Jun 05, 2008 7:02pm

332 Views

Post# 15151469

Two trains of thought

There is a very good possiblity that we could have news out about drill #2 on monday morning. With tomorrow being friday - the predicament being either hold and hope for good news or sell thinking it is a dud! If you are sitting on the sidelines waiting for an opportunity to get in - monday news means either you get in at a very high price or dirt cheap.

As for people selling today - the thought of it being insiders is a possiblity however my guess is it's those with cold feet and willing to take a small profit now. As for me - I say let her buck - these guys have there finger on the pulse and the wolves are starting to circle. Here is hoping for a halt monday a.m. with great news to follow!!!

Cheers

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