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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

Post by ShawnyCash1on Feb 19, 2016 2:24pm
108 Views
Post# 24575951

VALUE ???

VALUE ???Ricardo is not comparing apples to apples and by the way land out there isn't worth much right now... it's a buyers market.  Oil companies are selling assets just to pay down debt to try and stave off bankruptsy's.  Nordic has negligible cash flow and at current prices, which will remain low likely into 2017, what does it matter what Saturn is currently worth?  Nordic management hasn't proven themselves in years.  Who would invest in a company with failed promises and low execution on projects.

Cheerlead Nordic all you want, speculate if you want but without cashflow and higher prices for resources, Nordic is sitting at a cent for a very long time.

DYODD before investing your hard earned cash.. Nordic will gladly put their hand out and take it from you.


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