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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 greenboomeron May 29, 2013 4:35pm
118 Views
Post# 21457319

RE: RE: RE: RE: question

RE: RE: RE: RE: question

The debenture holders are obviously not as convinced as you are. Otherwise they would have opted to convert their holdings into nog shares at 10 cents apiece. Share price will also rise from the current miserable 2 cents, which implies a bk scenario. Like I said, I hope you are right nog will rise from the dead. As n/g price stands at 4+, it should turn around and thrive, but it should doesn't mean it would. Even in the best market, there are people who can still drive their companies to the ground.

Bullboard Posts