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

Post by chad07on Apr 01, 2011 2:48pm

366 Views

Post# 18374612

Add 2.3M+ traded on Alpha.

Not many expected this news....will be absorbed over the weekend.

Some serious exiting taking place since the day high of .165 shortly after trade resumption (buyers from the last run hoping things would have gone much smoother/quicker maybe). Will we see some serious entry as people set up in late afternoon, for next week?

Things might look pretty rosy on Monday. Will have to wait and see. I think this will add a whole new class of "speculative appreciation" play to this stock.

All IMHO Do your own DD

Cheers

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