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Northern Oil and Gas Inc 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 PWIB123on Aug 27, 2021 3:35pm
85 Views
Post# 33776871

Undervalued...severely

Undervalued...severelyNOG is outrageously undervalued.  And with the most recent natural gas acquisition, it's looking even more undervalued.  Forward PE ratio is under 4x.  Analaysts have price targets on the stock ranging from $20-$30.  Executive leadership is executing on a 3-pronged strategy to grow, increase dividend, pay down debt.  They are executing really well and production levels are outperforming guidance.  When investors decide oil isn't going to get wiped out again due to the pandemic, this stock is going to soar.  It was just over $21 in the not too distant past.  Nothing has changed at the company level other than having now posted better than expected results.  The value is there.
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