Northern Oil and Gas Inc 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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Comment by PWIB123on Apr 06, 2019 1:08pm

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Post# 29591975

RE:RE:RE:RE:RE:RE:Avoid

Bankruptcy? How can you come to that conclusion, when the company posted $0.25 EPS for last quarter, expects to continue to maintain below a 2x debt-to-EBITDA leverage ratio, has a large percentage of production hedged at $63/barrel, is looking at beginning to pay a dividend and is priced at only a 4-5x PE ratio? Plus, Michael Reger and Roy Easley have purchased shares on the open market between $2.51 and $2.63/share since November 2018.

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