Stagnant stock!Without any news this stock will remain stagnant.
People can try to pump this stock as much as they want or to bash it as much as they want and the stock isnt going to move.
Those who have wanted out have left and those who want in are patiently waiting.
What we now need is news of when the acidization is going to commence. Once this happens look for NOG to move up.
Lets be honest here people. This stock is like betting on a blackjack hand. We have an Ace(oil resemblances in the ground) and now we are waiting to see if there is enough for a profitable well. We need the second card to be a face card.
But like all ventures there is nothing gained if nothing is risked. We are sitting at a very respectable price given where we have come from. At least a third of the companies stock has traded since the big run up. So there is support here. With simply news that the acidization will start on XYZ date this stock will move by speculators.
As we wait though the stock is stuck in the mud.